Advisory: Protect Yourself from Impersonation Investment Scams

currency-oil.com

The Singapore Police Force warns the public about a rise in investment scams where fraudsters create fake websites and platforms to impersonate legitimate companies. These scams aim to trick individuals into investing in non-existent schemes. For instance, we have observed fake investment sites like currency-oil.com attempting to impersonate Saudi Aramco, offering what appear to be attractive investment opportunities.

Here's how to recognise such scams:

• Scammers design convincing but fake websites and platforms that mimic reputable companies. Always check the website's URL carefully; official company websites will have legitimate domain names, not suspicious ones like currency-oil.com.
• Be highly suspicious of unsolicited investment offers, especially those guaranteeing exceptionally high returns with little to no risk. Legitimate investments always carry a degree of risk.

If you believe you have fallen victim to such a scam:

1. Stop all communication with the scammers immediately. Do not make any further payments or provide more personal details.
2. Report the incident to the police.
3. Inform your bank promptly to freeze any potentially compromised accounts and prevent further losses.
4. Tell your family and friends about the scam so they can also be aware and protect themselves.

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