The Singapore Police Force has observed recent trends involving investment scams, particularly those impersonating platforms like 'ROGin AI' and 'SatoshiMine'. These scams often lure victims with promises of high returns from AI-powered investments or cryptocurrency mining.
Here's how to recognise such scams:
- Be cautious of unsolicited investment opportunities promising quick and high returns with little risk. Scammers often create fake websites or apps designed to look legitimate.
- Always verify the legitimacy of any investment platform. Do not rely solely on information provided by the platform itself; check with official sources like the Monetary Authority of Singapore (MAS) Investor Alert List.
If you believe you have fallen victim to an investment scam:
- Stop all communication with the scammers immediately.
- Report the incident to the police without delay.
- Contact your bank or financial institution to freeze any accounts and block further transactions.
- If you have provided personal details or account information, change your passwords for all online accounts.
Unsure if something is a scam? Check by calling the 24/7 ScamShield Helpline at 1799.