11 Arrested in a Bitcoin Scam Bust

New range of crimes is on the rise off late

The scam involving cryptocurrency investment found their victims through social media

The Johor police have arrested 11 people aged 19 and 28 for being involved in a money game scam here, including two Indonesian women on 9th February at about 5 pm following a raid in Taman Daya area in Johor Bahru.

Asst Comm Mohd Salleh Abdullah, Chief of the Johor Commercial Criminal Investigation Department, said they found that the syndicate was running an online money game scam for non-existent Bitcoins based on an analysis by officers in the raid.

Before convincing them to invest, they would find victims through the social media, where they would befriend them and gain their trust.

“They also promised to give the victims 50% commission if they are able to bring in more people to invest,” he said in a statement on 10th February adding that for running the scam, the suspects were paid RM3,000 a month.

“They would also receive an 8% commission for successfully scamming a victim,” he said.

During the raid, the police also seized eight laptop units, 54 handsets and one modem in two apartment units.

Under Section 420 of the Penal Code and Section 6(1) of the Immigration Act 1963, ACP Mohd Salleh said an investigation paper had been opened.

“The nine local suspects was in remand for two days, while the two Indonesian suspects was remanded for 14 days until 22nd February under Section 51(5)(b) of the Immigration Act 1959/63,” he added.

Mohd Salleh urges the public to not to believe in investments that promises unreasonably high returns and to be wary of such scams while adding that the public should contact the Johor police at 07-2254422 to channel any information about the syndicate.