Beware of Investment Scams Impersonating Brands and Promising High Returns

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The Singapore Police Force (SPF) has observed a trend of investment scams involving fake websites and platforms. Scammers often create convincing fake investment opportunities, sometimes even using the names of well-known brands or promising "innovative finance" to trick individuals into bogus schemes.

Here's how to recognise such scams:

• Unrealistic Promises: Be highly suspicious of investment schemes that guarantee exceptionally high or quick returns with little to no risk. Legitimate investments always carry some level of risk.
• Suspicious Websites: Always scrutinise the website address. Scammers frequently use slightly altered names or unusual domain extensions (e.g., .top, .cc) to impersonate official company sites. Verifying the legitimacy of the platform is crucial.

If you believe you have fallen victim to an investment scam:

• Immediately stop all communication with the scammer and block their contact.
• Contact your bank or financial institution at once to report any unauthorised transactions.
• File a police report. Your swift action can help prevent further losses and aid investigations.

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