Advisory: Beware of Investment Scams Impersonating Legitimate Companies

autonomo-income.com
aloilvip.shop

The Singapore Police Force (SPF) has observed a trend of investment scams where scammers impersonate legitimate companies like Hochschild and Alvopetro. These scams often use sophisticated tactics, including creating fake websites, to deceive victims into believing they are making genuine investments.

How to recognise this scam:

• Scammers create convincing but fake websites (e.g., using suspicious domains like autonomo-income.com or aloilvip.shop) that impersonate legitimate investment firms or well-known brands, promising high returns with little to no risk.
• They often pressure victims to make quick investment decisions or transfer money to personal bank accounts or unfamiliar online platforms.

What to do if you encounter such a scam or have been affected:

If you suspect an investment opportunity is a scam or if you have already transferred money, remember to ACT immediately:

• Add security features: Immediately change your online banking and email passwords if you shared any details. Enable Two-Factor Authentication (2FA) for all your accounts to enhance security.
• Check for scam signs: Stop all communication with the scammer and do not transfer any more money. Verify any investment opportunities directly with the official company via their legitimate channels.
• Tell authorities, family and friends: Report the incident to the police and inform your bank of any suspicious transactions. Sharing your experience can help prevent others from falling victim.

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