include("cmp.php");

A Singapore investor was scammed

I wonder whether you are aware. I am 60 years old and I was scammed. Very badly. We should all stay vigilant and band together to fight all these sickening scammers!

Sometime in April I responded to a Facebook ad by (name withheld) giving investment advice. I asked her how much her commission, she said 20%. I replied no, I don’t want to join it’s too high.

Somehow after that there were several Singapore investors messaged me and persuaded me that it all legitimate and profitable. They were super persuasive. They are a syndicate and very professional

They kept calling me to start small $500 only you won’t regret. Then they showed how profitable my trade is, to keep me happy. I was very happy seeing my trade figures.

They told me that my trading profits will be even better if you upgrade
So I upgraded, added another $2k.

All these while, the Singapore investors keep cheering you up. At the end of 7 days, my $2.5k became $156k. Wow so good

Even the few Singapore investors showed me even better results. So I was conned

But upfront I got to pay (name withheld) that 20% commission before I can get my $156k. So I paid that 20%. Then they asked me open Swiss Account, I opened. Then they asked me for US$17k to activate the Swiss Account. There is Us$156k for me to collect.

At this point, I told my family. They asked me report police, it’s scam.

But the Singapore invetors never leave me alone. They kept pestering me. Together with several Singapore investors, I gave in and sent them $17k to activate the Swiss account. They kept saying this $17k are not lost, it’s added into the lump sum which get bigger.

Following that they said they show me step by step how to wire transfer the money to my Singapore account. So, I did step by step following their instructions. In the meantime the lump sum became even bigger to lure me.

Just when I completed the wire transfer, they asked for another lump sum, $36k for validation costs. The lump sum is now $256k. I never received it.

Now, I think of it I feel so so stupid. They were extremely manipulative and persuasive. I blocked all those people, including the Singapore investors.

My daughter told me they are all fake, created to cheat and scam. The police told me they checked the accounts I transferred to. It was sent overseas. It is hard to recover my transfers.

 

(name withheld)

 

 

yyy
READER COMMENTS BELOW

32 Responses to “A Singapore investor was scammed”

  • opposition dude:

    This is comedy gold right here. We have here a greedy bugger so as they say, a fool and his money are soon parted. When your measly $2.5k becomes a massive $156k in a MERE 7 DAYS is when the alarm bells should have been ringing and you have the bloody cow sense to stop but no, common sense flew out the window and one was persuaded to put in even more of one’s own hard earned money to make even more money SUPER QUICKLY. How dumb can a person get? The author is a prime shining example!

    No pity for this old fool who didn’t use any common sense. A good amount lost to scammers is a good lesson and a wake up call for him, let’s see if he falls again for a similar trick if his small investments grows rapidly within a few weeks!

    GD Star Rating
    loading...
  • NotMyProblem:

    At 60 years old you should be smart enough.

    Never give any money away.
    Never provide any PIN to any stranger.
    Never think money comes easy.
    Always listen to your family members.

    GD Star Rating
    loading...
  • nathan chen:

    So, who do you want to blame? How much was your loss? How did you lost money in your investment? What I want to say here is you have slow-boiled like a frog.You have fallen prey to amatuer con syndicate. I feel very sorry for you.

    GD Star Rating
    loading...
  • Dr. Chan:

    Just another Advanced Fee Scam. Any time when somebody ask for a fee to be wired to an oversea account. No brainer – It is a Red Flag for a Bloody SCAM.

    GD Star Rating
    loading...
  • Trust only myself:

    No pity at all………just like one of those unthinking Singaporeans….believe in liars.

    GD Star Rating
    loading...
  • John Doe:

    Greed.
    Greed is the root
    How does greed gets so embedded in a Singaporeans mindset and psyche.
    Either our SG Edn under the PAP Administration does wonders or failed to do its magic.

    GD Star Rating
    loading...
  • Again I say, Sinkies are so gullible. If they can swallow the BS concocted by the MTF liars, what else cannot they swallow?

    These scams were rampant in China more than a decade ago and anyone trying to pull this off in China now would most probably not succeed. Not only are the public more educated, even the banks and the internet police are roped in to prevent such scams from ever succeeding.

    Many such scams were stopped by the banks working in tandem with the police. For example, whenever an oldie tries to remit or deposit huge funds into a suspicious account, the bank would inform the police and ask a lot of questions of the intended recipient so such remittance would never go through.

    Common sense dictates that a possible victim would never have full information of the scammer and therefore the banks would not allow the transfer to go through until the police clear them after verification.

    Maybe such policies can be implemented in Sinkieland as well?

    GD Star Rating
    loading...
  • John Doe:

    Is the PAP Political Party better scammers?
    Kee Chiu.

    GD Star Rating
    loading...
  • Cancel the PAP:

    60 years old?
    My hairy balls.
    His brain is more like A 16 YEAR OLD.

    GD Star Rating
    loading...
  • Singaporeans R Free Riders:

    TRE Tech: …the bank would inform the police and ask a lot of questions of the intended recipient….

    Ask a lot of questions ? Disallowed the transfer ?

    Hohoho… the human rights activist nuts will say this is human rights violation… and they will labeled you dictator like this guy below.

    No?

    P Against People:
    You are such a dictator. For $12, you want control over a person’s life. Ask yourself, do you want to be a slave for $12?

    GD Star Rating
    loading...
  • xoxo:

    Alamak,you shud have donated a fraction of your scammed money to TRE instead.
    Greed is no good.
    $cams everywhere.
    Even banks’ wealth managers are to be watched carefully.
    Wor$e are in$urance agent$,very $naky one.
    Even the RESILIENCE-SOLIDARITY $100 BILLION looks blurri$h,what more petty $cammers.
    Be careful.
    Also DONT GET BITTEN BY BIT-COINS…

    GD Star Rating
    loading...
  • Sheep:

    Why are there so many Singaporeans who believe everything they read? Why?

    Must be PAP demanding trust from everyone. Trust me. Trust PAP. Trust ST. Trust 10G. Trust Mother TaskForce. Trust any and every publication from SPH.

    No need to check with other sources.

    Thank the writer for revealing the scam process.

    GD Star Rating
    loading...
  • Sheep:

    When it sounds too good to be true, then it is.

    When sheep see this, they read it as: When it sounds too good to be true, then it is true.

    GD Star Rating
    loading...
  • scam:

    It is a scam.. may think why others are so stupid to be scammed until you are scammed!!.Scammers know the human weakness and greed.

    Many will still be scam in the future unless we hit the scammers real hard.
    Countries need to cooperate to do a better job to catch the international scammers as they are aware of the many loopholes to get away.

    Meanwhile stay vigilant. If anything is too good to be true, usually it is a scam.

    GD Star Rating
    loading...
  • Harder Truths:

    Play stupid games win stupid prizes.

    GD Star Rating
    loading...
  • @Singaporeans R Free Riders

    No doubt there will be inconveniences, but for legit transfers, there is really nothing to worry about because most are sorted out and allowed within minutes.

    China is a very wired country, so the police have the means to verify and check the intended recipient’s identity and verify it with the remitter. Besides, most scammers use fake mobile to carry out their scams and the police can verify that within minutes. So if the call is from a fake phone, then the remittance will never be processed until the police clears them.

    You will be surprised how many would-be victims have been saved by these additional security checks conducted by the banks.

    GD Star Rating
    loading...
  • Hee:

    What is the name lky call us izit daft?

    GD Star Rating
    loading...
  • Paul Angel:

    If it sounds too good to be true then it probably is. Greed is your problem. A fool and his money are soon parted LOL

    GD Star Rating
    loading...
  • scam:

    Why so many scam still around here?
    Maybe not hard enough on the scammers or Singaporean so easy to scam ?

    GD Star Rating
    loading...
  • Wake up:

    “The lump sum is now $256k.”

    The writer seems to be willing to be scammed more. He still believe in the “lump sum.”

    The “lump sum” is only a number made up by the scammer. There never was a lump sum profit.

    Heh, wire us $500, we will help you sue them at UN International Court to get your $256k back.

    Heh, wire us $10000 for the legal costs at the UN International Court. Our pro bomo lawyers from Her Majesty Law Ltd confirm that you can get all your money back, all $256k.

    BTW, this is not a joke. Many scammers turn around and pretend to be lawyers to help the victims. Double scam, or triple scam.

    GD Star Rating
    loading...
  • C’est la vie:

    ******
    Suffice to say, this individual has no “built in” alarm bell/wtf “system”, … as is the case with most on the island.

    Such super stratospheric returns, can only ever be achieved by the likes of Temasek or an engineer named Ho, … he should’ve known this, at the very least !!!
    ***
    ******

    GD Star Rating
    loading...
  • PAP trained...:

    Singaporeans are well trained by PAP.
    Singaporean brains wired by PAP to believe everything is true.
    Singaporeans hypnotised by SPH..

    Proof is provided by another commentator…

    1968 general election (First general election as an independent nation)
    1970 by-elections
    1972 general election
    1976 general election
    1977 by-election (May & November)
    1979 by-elections
    1980 general election
    1981 Anson by-election
    1984 general election
    1988 general election
    1991 general election
    1992 Marine Parade by-election
    1997 general election
    2001 general election
    2006 general election
    2011 general election
    2012 Hougang by-election
    2013 Punggol East by-election
    2015 general election
    2016 Bukit Batok by-election
    2020 general election

    Again and again voting PAP to win…
    How is it Singaporeans are not daft…??

    Of course we are daft… daft as shit,
    even virus has more brains to mutate..

    GD Star Rating
    loading...
  • PAP the Narcissist:

    C’est la vie:
    ******
    Suffice to say, this individual has no “built in” alarm bell/wtf “system”, … as is the case with most on the island.

    Such super stratospheric returns, can only ever be achieved by the likes of Temasek or an engineer named Ho, … he should’ve known this, at the very least !!!
    ***
    ******

    PAP annual NDP, Budget goodies are safer bets. And the best of the lot worth 5 years of PAP corrupted promises shd be GE ‘promises of mandated returns’.

    PS. This chap should be in the World Guinness Book of records, to try and beat Warren Buffet.

    GD Star Rating
    loading...
  • Solution to serious crimes:

    Just categorize scamming as a serious crime with a death penalty tagged to it, this should see a drastic drop in scams.

    GD Star Rating
    loading...
  • Stupid Singaporeans Vote PAP:

    World’s No. 1 easiest scam people – Singaporean.

    GD Star Rating
    loading...
  • When you cannot control your own greed, you are bound to open to scammers.

    A decade-old scam that WAS rampant in Nigeria and China, also can fall for it, what a freaking joke!

    I guess the late Mr Lee did nto call us dafts for nothing.

    GD Star Rating
    loading...
  • Trust only myself:

    PAP trained...:
    Singaporeans are well trained by PAP.
    Singaporean brains wired by PAP to believe everything is true.
    Singaporeans hypnotised by SPH..

    Proof is provided by another commentator…

    1968 general election (First general election as an independent nation)
    1970 by-elections
    1972 general election
    1976 general election
    1977 by-election (May & November)
    1979 by-elections
    1980 general election
    1981 Anson by-election
    1984 general election
    1988 general election
    1991 general election
    1992 Marine Parade by-election
    1997 general election
    2001 general election
    2006 general election
    2011 general election
    2012 Hougang by-election
    2013 Punggol East by-election
    2015 general election
    2016 Bukit Batok by-election
    2020 general election

    Again and again voting PAP to win…
    How is it Singaporeans are not daft…??

    Of course we are daft… daft as shit,
    even virus has more brains to mutate..

    Again and again……..but 1981 is one exception.
    You are not born yet in 1981?

    GD Star Rating
    loading...
  • 2Daft2Live:

    TRE Tech:
    Again I say, Sinkies are so gullible. If they can swallow the BS concocted by the MTF liars, what else cannot they swallow?

    It’s very worrying that the overall caliber of the locals are so low. No wonder the companies keep complaining that they find it hard to hire the locals. I keep saying the same thing, all the years of propaganda had managed to dumb down the people, making them gullible and easily manipulated.

    But it takes two hands to clap. Only those who willingly allowed themselves to suck in all these propaganda and chose not to analyze their credibility are affected. Similar to the propaganda promoted by all these scammers….however, the discerning ones will simply ignore them.

    GD Star Rating
    loading...
  • SINGAROAR:

    If more than 5% return is offered, it is best to do due diligence before parting with monies. Remember Lehman Brothers and the PAP town councils, that lost millions of dollars expecting a 10% to 12% return. However the bank could have helped to stop unusual and suspicious transfers. In the US, customers are profiled and the banks have a built in warning system that stops payments. This procedure does not seem to be in place in Singapore. There seems to be more scams with the introduction of online and digital banking in Singapore.
    Are we also being scammed at State level? The government has been funding various Start-Ups. What are the returns after the 5years to 7 years term? Or is it a loss as in Zilingo? Sequoia Capital invested in Zilingo because the CEO was an ex-employee. What was Temasek’s reason for investing? All Zilingo was selling was an online platform for small traders in Thailand. A news report stated that Zilingo had over 400 staff. Does Sequoia Capital itself have so many staff? Sequoia Capital is privately owned. Temasek is owned by the Ministry of Finance. What is the criteria used to invest in Start-Ups and other investments? A Singaporean living in the US, joked that the criteria is being an Indian Citizen from a 600 something rated university as in Zilingo’s CEO who was supposedly drawing a salary of $50,000/- How many of the same kind of investments has the State been scammed into?

    GD Star Rating
    loading...
  • numbers guy:

    If you wire me $10K, I can get you your money back :)

    However, it takes some balls to admit one’s own stupidity in a public forum, so congratulations.

    The underlying problem is not only greed but also the idea that any legitimate business can be conducted via facebook, whatsapp or similar nonsense. Many Sinkies, including small businesses, believe that screenshots of payments or bank statements sent via whatsapp can be considered proof of something.
    And the government is certainly part of this development, trying to force the oldtimers to do everything online with their smartphones. How will those oldies figure out what is legit and what isn’t if even younger generations can’t do it?

    Also, critical thinking should be taught in school. But the government will never make that happen of course.

    GD Star Rating
    loading...
  • Loh KK:

    I think this idiot was either looking for sympathy or simply telling the whole world how stupid he wss.

    Or maybe he just enjoys concocting a fairy tale to gauge people’s reaction.

    Whatever his motive, I have a hard time believing there are such stupid people around.

    GD Star Rating
    loading...
  • Too many scams:

    Too many scams….will get worse.
    Need to put more resources and talent to prevent this.
    Come real hard on the scammers…like the death penalty for drugs case.

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Member Services
Self-SupportMembers LoginSelf-Support
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement
Announcement
Advertisements
Visitors Statistic
Latest Statistic

UA-67043412-1