Advisory: Beware of Fake Investment Scams Impersonating LG

lgnewenergy.com

The Singapore Police Force has observed a trend of fake investment websites impersonating LG. These sites aim to trick individuals into believing they are investing in genuine opportunities, often promising high returns. One such reported site uses the URL lgnewenergy.com.

Here's how to recognise such scams:

• Scammers create fake investment websites or apps using names of reputable companies like LG, often with slightly altered or unofficial URLs (e.g., lgnewenergy.com instead of official LG domains).
• These scams promise unusually high returns in a short period with little to no risk, which is a common tactic to entice victims.

If you have provided your personal details, made payments, or suspect you have fallen victim to such a scam:

• Immediately stop all communication with the scammer and cease making any further payments.
• Notify your bank promptly to halt any transactions and secure your accounts.
• Report the incident to the police.

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