Coffee Meets Bagel, Tantan dating app users duped into 'investment opportunities' by scammers

Scammers would build rapport with victims over time to gain their trust before introducing “investment opportunities”. By then, victims were inclined to believe scammers and follow their instructions in conducting transactions under the pretext of their “investments”.

Victims would only realise they had been scammed when they could not withdraw their “profits” or could no longer contact the scammers. These scammers target victims who respond to their outreach and lure them to “invest in opportunities” with high returns in a short time. These claims are often accompanied by fraudulent testimonies.

In some of these cases, victims would receive phone calls or messages from scammers posing as staff from investment companies or brokers.

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At least $25.5 million lost to investment scams since JuneAt least 498 people have lost no less than $25.5 million to investment scams since June this year. The police said on Wednesday that the victims were duped into parting with their money for “investments” in cryptocurrencies and stocks among others. They had...
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