In recent years, scams in Singapore have surged, impacting both individuals and businesses. The shift to online interactions–accelerated by the pandemic–has made it easier …
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In 2010, investors bought into a Gold-buyback scheme with Singapore based company, Genneva Gold and Valiant Capital. In the same year, Mr Simon Goh, previously a relations executive of Genneva Gold sold investors 1kg of Gold bar for about $60,000 with a promise of receiving $1500 monthly dividends.
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SINGAPORE: The owner of a local gold company which was involved in a gold investment scam worth tens of millions of dollars ten years ago, was unable to escape from the long hands of the law. The...
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The Commercial Affairs Department (CAD) investigated The Gold Label Pte Ltd (TGL), a gold investment company, which sold gold bars under a buyback scheme. Under the buyback scheme, the company sold physical gold bars to investors at a mark-up of more than 20% above prevailing gold prices.
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Call ScamShield helpline @ 1799 (Available 24/7, Monday to Sunday) to check if you are unsure if something is a scam, or if you have any scam-related queries. Find Out More Police Life The online magazine of the Singapore Police Force …
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SINGAPORE — Three male Chinese nationals, aged between 37 and 44, have been arrested for attempted cheating in a scam that involved fake gold ingots. Two of the men had offered to sell gold ...
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To lure victims into believing that the investment is authentic and profitable, other "members" in the chatgroup will claim that they had profited from their investments by sharing screenshots of their profits. After being tempted …
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SINGAPORE: More than 100 people who had invested in a gold buyback scheme gathered on Monday (Feb 2) at the Commercial Affairs Division in Police Cantonment Complex to lodge a report against investment company Suisse International.
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A Singapore Government Agency Website How to identify Official website links end with .gov.sg. Government agencies communicate via ... You can call our 24/7 anti-scam helpline at 1799 for immediate assistance, or use the live chat feature on our website. Check before you act.
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The Singapore Police Force (SPF) is a uniformed organisation under the purview of the Ministry of Home Affairs. The mission of the SPF is to prevent, deter and detect crime to ensure the safety and security of …
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SINGAPORE: Three men have been arrested for allegedly using fake gold ingots to cheat a woman of S$4,000 (US$2,900), police said on Friday (Jun 21).
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The charges arose from investigations by the Commercial Affairs Department ("CAD") into a gold investment buyback scheme offered by The Gold Guarantee Pte Ltd …
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Scammers would explain that the gold bars were sold cheaply as these gold bars had been seized by the Immigration & Checkpoints Authority or Singapore Customs and were being auctioned off. The scammers would provide a fake invoice purportedly issued by the Singapore Customs and instruct the victims to transfer the payment for the gold bars to ...
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The Commercial Affairs Department (CAD) investigated The Gold Label Pte Ltd (TGL), a gold investment company, which sold gold bars under a buyback scheme. Under the …
WhatsApp: +86 18221755073
SINGAPORE - Scammers have made off with at least $236,000 since Sept 1, in a ruse involving the sale of gold online.. In a press release on Oct 28, the police said there has been a surge in such ...
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In February 2015, the Straits Times wrote that a reported 250 people with approximately $35 million in investments were conned by Suisse International's gold buyback scheme. Under this scheme, investors would invest in physical gold with the promise of a return of about 2% every month.
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The application, offered from a fake app store, came in Android and iOS "web clip" versions. This scam involved a much more developed social engineering operation, but followed the same pig butchering formula. Wallets associated with the scam app had visibly taken in about $500,000 US in cryptocurrency from victims in a one-month period.
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SINGAPORE: The owner of a local gold company which was involved in a gold investment scam worth tens of millions of dollars ten years ago, was unable to escape from the long hands of the law. The...
WhatsApp: +86 18221755073
She scammed him for thousands of dollars in a matter of 5 months. She is 35, originally from Singapore, " lives" in Los Angeles and "works" in motherswork. If anyone knows anything about her or saw her pictures …
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In recent years, there have been several high-profile cases of precious metals scams in Singapore. In one case, a company was found to have sold fake gold bars to investors, while in another case, a dealer was found to …
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Singapore News - Scammers have made off with at least $236,000 since Sept 1, in a ruse involving the sale of gold online. In a press release on Oct 28, the police said there has been a surge in such scams, with 26 cases reported in about two months. Victims would come across... Read more at
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E-commerce and online shopping scams in Singapore. In the fast-paced world of e-commerce, online shopping provides a convenient and quick way to purchase goods. However, this convenience can sometimes come at a cost as it has also given rise to a new type of fraud: online shopping scams. These scams typically involve fraudsters posing as either ...
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Statistics from the Singapore Police show that just over half of scam victims in 2022 are between 20 and 39 years old. So it's time to shake off your complacency, young adults, and learn about the common scams out there. Arm yourself with knowledge so that you don't end up losing your hard-earned money! 1. Phishing scams. How it works:
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Here are some of the ongoing scams in Singapore that you can share in your family WhatsApp chats to help them avoid finding themselves in these pickles: Table of Contents. Ongoing scams in Singapore. 1. Getting …
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In the case of gold scam artists, they're not making their money by simply selling to gold investors. They're selling at such above-market prices that they are able to fund their operations. How gold scammers operate. What happens is that the pricey gold is offered at a small 'discount,' that is a discount from their exorbitant prices.
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There have been a few variations of gold investment schemes. From Valiant Capital and Suisse International to Genneva Gold and The Gold Guarantee, tens of thousands have lost money to firms hawking the precious metal. In the case of Valiant Capital, at least half a dozen local investors invested a total of more than $2.5 million with the company.
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About Scam.SG Scam.SG is the largest Singapore business company review and authenticity platform that provides business scam analysis and aggregate business authenticity to help consumers and/or business associates reduce the risk of falling into a scam. Our analysis uses our own proprietary algorithms to review, verify and authenticate various ...
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In recent years, scams in Singapore have surged, impacting both individuals and businesses. The shift to online interactions–accelerated by the pandemic–has made it easier for fraudsters to reach their victims. According to the Singapore Police Force, online scams in Singapore are among the most commonly reported types of fraud. With more people …
WhatsApp: +86 18221755073
Call ScamShield helpline @ 1799 (Available 24/7, Monday to Sunday) to check if you are unsure if something is a scam, or if you have any scam-related queries. Find Out More Police Life The online magazine of the Singapore Police Force (SPF) that covers subjects that are of interest to the community, our officers and our partners.
WhatsApp: +86 18221755073
To lure victims into believing that the investment is authentic and profitable, other "members" in the chatgroup will claim that they had profited from their investments by sharing screenshots of their profits. After being tempted by the alleged "profits", victims will contact the scammers who willl offer them various investment plans.
WhatsApp: +86 18221755073