Advisory: Be Wary of Emerging Online Investment Scams

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The Singapore Police Force (SPF) has observed a rise in reports involving online investment scams, often using unfamiliar brand names like "Televizo" or "MBRAIMSolar Park" and operating on suspicious website domains.

Here’s how to recognise these scams:

• Unrealistic Promises: Scammers often lure victims with promises of high returns in a short period with little to no risk. Be wary of opportunities that sound too good to be true.
• Suspicious Websites: Always check the website's address (URL). Scammers often use unfamiliar domain extensions (e.g., .vip, .top) or URLs containing random characters that do not match official company websites.

What to do if you encounter or are affected by such scams:

If you have engaged with such a site or made any transactions, stop all communication immediately. Alert your bank to block any unauthorised transactions and report the incident to the Police.

Unsure if something is a scam? Check by calling the 24/7 ScamShield Helpline at 1799.