Advisory: Watch Out for Investment Scams Impersonating Brands

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We have observed a trend of scam websites promoting fake investment opportunities. These sites, often using unusual domain names such as those ending in .vip, impersonate legitimate brands like VEO and GTS to trick individuals into investing in fraudulent schemes.

Here's how to recognise these scams:

• You are offered investment opportunities promising unusually high returns in a short period, often with little to no risk, through unfamiliar websites or applications with unusual domain names (e.g., ending in .vip).
• These platforms might impersonate legitimate companies or brands (like VEO or GTS) to appear credible and gain your trust.

If you suspect you have fallen victim to such a scam or have provided your personal details or transferred money:

• Tell the authorities immediately by lodging a police report.
• Tell your bank to halt any transactions or freeze your accounts.
• Tell your family and friends about the scam to warn them.

Remember to always Check for scam signs. Verify any investment opportunities directly with official company sources, not through unsolicited links or messages. Legitimate investments rarely promise guaranteed high returns quickly.

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