SINGAPORE – More than 150 cases, involving over 360 scams, were exposed by the police’s Anti-Scam Centre (ASC) between Monday and Wednesday, said the Singapore Police Force in a statement on Saturday (July 10).
The ASC worked with six banks – DBS, UOB, OCBC, HSBC, Citibank and Standard Chartered – to target investment scams and fake gambling platform scams during the three-day operation.
The flow of money between bank accounts that appeared in police reports of potential scams was analysed.
The police said 81 people, aged 16 to 77, are assisting with investigations. The Straits Times understands police reports were filed over the last three months.
In investment scams, scammers would visit online dating platforms and claim to be financial professionals, introducing victims to investment websites or mobile applications.
The victims are enticed to invest and asked to transfer money to banks mostly in Hong Kong and China. Victims would also be asked to pay administrative and security fees or taxes to reap profits.
Said the police: “In many instances, victims will earn a profit from the investment at the initial stage, leading them to believe that the investment is legitimate and lucrative. Once larger amounts of monies are deposited into the designated accounts, the scammers will become uncontactable.”
Scammers have also targeted victims on online dating platforms, introducing them to betting applications or websites.
To place their bets, victims are required to open a…