Investment Scam

WHAT IS AN Investment Scam?

Victims receive messages from people claiming to be stockbrokers or bank or financial company employees on social networking sites like Facebook, WeChat or Line. Responding to these messages leaves you vulnerable to an Investment Scam where fraudsters ask for personal details like NRIC and passport numbers, supposedly for an investment form. Scammers then ask victims to transfer money to banks in Hong Kong and China, pay administrative fees, security fees and taxes in order to receive the profits and returns.

Victims also receive phone calls from people claiming to be from the Hong Kong Monetary Authority or Hong Kong Overseas Control Centre, asking for a deposit before profits can be released to them.

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OF CASES REPORTED
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$

WORTH OF MONEY LOST
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  • Online trading, particularly when they involve binary options. Binary options are attractive because they are simple and promise quick returns, but they are very risky. Many platforms offering binary trading options are fraudulent.
  • People offering investment returns that are unreasonably high.
  • Be cautious when befriending strangers on social media platforms.
  • Understand that investments with high returns come with high risks.
  • Always check with a licensed financial advisor before making any investment.
  • Check if an entity is blacklisted on

What to look out for

  • Online trading, particularly when they involve binary options. Binary options are attractive because they are simple and promise quick returns, but they are very risky. Many platforms offering binary trading options are fraudulent.
  • People offering investment returns that are unreasonably high.

How to protect yourself

  • Be cautious when befriending strangers on social media platforms.
  • Understand that investments with high returns come with high risks.
  • Always check with a licensed financial advisor before making any investment.
  • Check if an entity is blacklisted on

RELATED SCAM STORIES

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29 May 2020

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I lost over $100,000 to Internet Love scam

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在作任何投资前:询问、检查、证实

一开始是在交友网站认识,之后交往手机号码,骗子使用的是中国手机号,口音也是中国人。聊了几天之后,开始聊起关于投资方面的事,他让我下载一个软件说会带着我做投资,第二天变开始让我投资SGD $20k,我不愿意,编了许多借口说自己没钱,我感觉到对方有很大的强迫性,不停的试着说服我。而且他们每一次的充值的银行户口都不一样。期间,对方会跟你告白,说喜欢你之类的甜言蜜语,我怀疑对方使用的照片不是他本人,所以我尝试约对方出来见面想要证实,但一直都被拒绝了。之后他换了手机号,而且头像是另一个人。我很担心会有人会受骗,又没有足够的证据证明对方是骗子,所以决定在这里分享出来。...

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