Seven victims in Singapore lose over $1.45 million in stock-buying scam


Fraudsters requested for a screenshot to show the victim’s share purchase, and the share price plunged thereafter. - SINGAPORE POLICE FORCE

SINGAPORE (The Straits Times/ANN): Heeding advice given by "investment gurus", seven victims bought more than 49,000 shares in a United States-listed company in recent months.

Within two days, the share price plunged by nearly 80 per cent and they made sharp losses of over US$1.07 million (S$1.45 million).

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Singapore , scam , US-listed , company , fraud , investment

   

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