Malaysia arrests 14 Chinese men who targeted victims from China in cryptocurrency scam
- The 14 men were arrested in Iskandar Puteri, near Singapore, after a two-month surveillance operation
- They targeted victims from the mainland by impersonating successful investors and setting up group chats through WeChat and QQ
Assistant Commander Dzulkhairi Mukhtar said the arrests were made around 2.15pm on Saturday, April 18, following a two-month long surveillance operation.
“The suspects are aged from 20 to 30 with three of them having no valid travel documents,” he told reporters at Iskandar Puteri police headquarters on Sunday.
Dzulkhairi said the suspects targeted victims from China by impersonating successful investors.
“One of them would pose as a successful investor or a mentor while the rest will pose as investors before creating a group chat through WeChat and QQ messaging applications for each of their victims.
“All of the suspects would then give a fake testimony to persuade the victim into investing,” he said.
The group had been active for the past two months.