Inp.polri.go.id - Jakarta. Jakarta Metro Jaya Regional Police have uncovered an online scam operation involving fake stock and cryptocurrency investments. 

Senior Superintendent.Roberto GM Pasaribu, the Metro Jaya Police Director of Cyber, said on Friday (2/5/2025) the suspects lured victims through social media platforms like Facebook, offering fake promises of up to 150% returns.

“The suspects used information technology to manipulate victims into following their instructions,” he said at a press briefing, as quoted by antaranews.com.

The scam resulted in losses of over Rp 18.3 billion, with eight known victims. The investigation led to the arrest of two suspects, identified as Malaysian YCF and Indonesian SP. 

Suspect YCF allegedly funded the operation and recruited SP to establish fake companies and bank accounts to facilitate the scam.  Both suspects face charges under Indonesia’s Electronic Information and Transactions Law, the Criminal Code, and Anti-Money Laundering Laws. 

(mg/inp/pr/nm)