Advisory: Beware of Investment Scams Impersonating PETROBRAS

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The Singapore Police Force has observed a trend of investment scams that impersonate established brands, including PETROBRAS. These scams create fake investment opportunities, often promising high returns to trick individuals into parting with their money.

Here's how to recognise such scams:

• Unusual Web Addresses: Scammers create fake websites (e.g., peshiyou.top) or social media pages that mimic official brand platforms. Always check the web address carefully; official company websites usually have professional and recognizable domain names.
• Unrealistic Promises: Scams often feature offers of unusually high returns with little to no risk, pressuring you to invest quickly. Legitimate investments always carry risks, and returns are rarely guaranteed, especially not at unrealistic rates.

If you encounter or suspect you have fallen victim to such a scam:

• Tell authorities, family, and friends: Stop all communication with the scammer immediately and do not transfer any more money. Report the incident to the police.
• Inform your bank immediately to attempt to halt any suspicious transactions if you have already transferred funds.
• Check for scam signs: Always verify any investment opportunity directly with the official company or a trusted financial advisor. Never click on suspicious links or provide personal details on unverified websites.

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