Forex News: Miri Man Loses Over RM257,000 In Online Investment Scam | 2026
Breaking forex market news: Miri Man Loses Over RM257,000 In Online Investment Scam. Currency traders should pay close attention to this development and its potential impact on major pairs.
What You Need to Know
Here are the key details from this alert:
- KUCHING, April 26 (Bernama) — A local man in his 40s lost RM257,408 after falling victim to a fraudulent online stock investment scheme
- Miri police chief ACP Mohd Farhan Lee Abdullah said police received a report on the incident today
- According to the victim, he first became acquainted with a woman through the RedNote app in early March, before their conversations moved to WhatsApp
- “The suspect later introduced an online capital investment scheme that purportedly offered lucrative returns within a short period, which convinced the victim to participate
- “He was instructed to download an application called ‘Everwise’ from the Google Play Store for the investment
- The victim subsequently made 17 transactions to four different bank accounts, as directed by the suspect,” he said in a statement
- Source: Miri Man Loses Over RM257,000 In Online Investment Scam
Currency Market Impact
This news event could create significant moves in major and emerging market currency pairs. Traders should monitor central bank responses, economic data releases, and interbank flow data for confirmation of directional bias.
Trading Considerations
News-driven volatility creates both opportunity and risk. Use proper position sizing, place stop-losses at key technical levels, and avoid over-leveraging during high-impact events.
Frequently Asked Questions
Is this news verified?
This report is based on information from external sources identified through our news monitoring system. We recommend verifying directly with primary sources and official regulators before making any financial decisions.
Where can I report financial fraud?
Report to your national financial regulator: FCA (UK), ASIC (Australia), SEC/CFTC (USA), MAS (Singapore), OJK (Indonesia). Also report at Action Fraud (UK) or ScamWatch (Australia).
Published by Forexnews on April 28, 2026. Source: Miri Man Loses Over RM257,000 In Online Investment Scam
