M’sian Uni Student Loses Over RM42k In Video Game Scam On IG

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A 22-year-old public university student in Malaysia yesterday (5 March 2022) lodged a police report after claiming to have lost a whopping RM42,500 to a scam advertised on Instagram. The victim wanted to use the money to purchase video game currency at a discounted rate but it turned out that the whole thing was a scam.

As reported by national news agency Bernama, the man contacted the owner of an Instagram account on Friday (4 March 2022) after seeing how the account owner was selling the video game currency at a lower price compared to online shopping platforms. Pahang Commercial Crime Investigation Department chief Supt Mohd Wazir Mohd Yusof said that the victim claimed the Instagram account owner is selling 38,400 of the video game currency for RM600.

Wazir further elaborated,

“The victim claimed that the price offered was only RM600 for 38,400 currencies, prompted him to transfer the money on the evening of the same day to the account given by the suspect.”

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However, the suspect then told the victim to transfer more money for various reasons. This includes the exchange of the currency before it could be credited to his video game account.

The victim then used his own savings amounting to RM1,705 but the suspect still asked to continue making payments in order for him to gain access to the currency. That is when the 22-year-old student, who have access to his mother’s banking account decided to use his mother’s savings for payment to the suspect.

The victim’s mother is a government retiree and had previously shared her online banking login to the victim so as to help him manage his personal payment transactions. The Pahang Commercial Crime Investigation department chief further elaborated,

“The victim only realised he had been cheated after making 10 online money transactions to three different accounts for two days, starting Friday,”

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The victim then lodged a police report at the Jaya Gading police station in Kuantan yesterday. Following the police report, the Royal Malaysia Police (PDRM) will be conducting investigation on the matter under Section 420 of the Penal Code for cheating.

What do you guys think of the whole incident? Share your thoughts with us in the comments.

Also read: Kuantan Woman Loses RM23k After Paying For A Toyota In A Facebook Scam