KUALA LUMPUR: An elderly man lost RM2.8 million after falling victim to an investment scam promoted on TikTok.

The man, a consultant, was drawn to an advertisement for the "Clear Bridge Gold Community Gold Trading" investment scheme.

Federal Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the victim was then offered four different schemes, which were the 'Clear Bridge Gold Community Trading', 'Pictet (VIP) 99 Group Bitcoin Trading', 'Axiom Share Trading Bulk Trading' and '105 Malay Investment Collective'.