XGI Horizontal Promised Riches But Delivered a RM600,000 Loss

A woman in her late 40s, working as a civil servant in Sibu, Sarawak, has lost more than RM600,000 to a fake investment scheme promoted through social media.

The victim came across the investment offer on Facebook in early March 2025 while browsing at home. The scheme, run by a group calling itself “XGI Horizontal,” promised large profits in a short amount of time. Attracted by the offer, the woman began speaking to the person behind the ad through WhatsApp.

Over time, she made several bank transfers to the scammers account. In total, she sent around RM600,000, believing she would soon receive the high returns she was promised. However, the fraud only became clear when the scammer continued asking for more money, and she realised she had not received any of the promised profits.

Police said the woman then filed a report after understanding she had been tricked. Authorities have urged the public to be extra careful when dealing with investment opportunities, especially those advertised online or through social media platforms.

This case is one of many showing how fraudsters are using digital tools to target people with offers that sound too good to be true. These scams often appear professional and convincing, making it difficult for victims to see the warning signs.

To help prevent such losses, potential investors are advised to check the background of any investment platform before sending money. One tool that can help is WikiFX, a free mobile app available on Google Play and the App Store. It allows users to search for information about brokers, including their licence status, user reviews, and safety scores.

WikiFX gives users important details that can help them decide whether a platform is safe. It also warns people about risky or unlicensed investment services. With this kind of information, investors can protect themselves and avoid falling into scams.