Abstract：A Malaysian woman has lost more than RM339,000 after falling victim to a scheme operated under the name “Navis Wealth”.
A Malaysian woman has lost more than RM339,000 after falling victim to an elaborate online investment scam, once again highlighting the growing risks facing retail investors in the digital trading space.
The victim, a 40-year-old woman based in Kuching, was reportedly drawn into what appeared to be a legitimate stock investment opportunity promoted on Facebook in December last year. According to local police, the scheme operated under the name “Navis Wealth”, which investigators later confirmed does not exist as a registered investment entity.
Kuching police chief ACP Alexson Naga Chabu explained that the fraud began with a social media advertisement promising attractive investment returns. After expressing interest, the victim was directed to a website, naviscapital.co, where she was instructed to download an investment application. Shortly afterwards, she was added to a WhatsApp group that appeared to function as an investment discussion forum, further reinforcing the illusion of legitimacy.
Over time, the woman made a total of 22 online transfers into three separate company bank accounts. The cumulative amount transferred reached RM339,486. The transactions were presented as capital injections required to grow her investment portfolio, a tactic commonly used by scammers to extract repeated payments from their targets.
The deception became clear when the victim attempted to withdraw her supposed profits. Despite assurances within the group that withdrawals were being processed, no funds were returned. Communication with the organisers eventually broke down, leading her to realise that she had been defrauded.
Police have since opened an investigation under Section 420 of Malaysias Penal Code, which covers cheating and dishonest inducement. Authorities are continuing to trace the flow of funds and identify those behind the scheme.
This case reflects a broader pattern seen across global financial markets, where fraudulent operators exploit social media platforms, messaging apps and professional-looking websites to target inexperienced or overly trusting investors. The use of group chats, fake applications and multiple bank accounts is designed to create confidence while obscuring accountability.
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