Fraudsters spend months cultivating a relationship with the victims before urging them to invest in bogus investment schemes. - PHOTO: PEXELS via The Straits Times/ANN
SINGAPORE, Feb 20 (The Straits Times/ANN): Victims in Singapore have lost more money to investment scams than any other ruse in the last three years.
It hit a record high last year, with $190.9 million stolen in such scams, more than five times the $36.9 million lost in 2019.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
