Man falls for investment scam using charity organisation chairman's name, loses more than $20k

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A man thought he'd be making money, but ended up having more than $20,000 wiped from his bank account. Wang (not his real name) told Shin Min Daily News that he came across a Facebook post advertising an investment scheme in mid-April. The post featured the photo of Toh Soon Huat, chairman of Sian Chay Medical Institution. This gave Wang...

Wang lost $20k after falling for an investment scam using the name of a Sian Chay Medical Institution.A man thought he'd be making money, but ended up having more than $20,000 wiped from his bank account.

After he responded to the ad, Wang was added to a WhatsApp group chat. He was told that Toh's assistant, Xiao Yan, would assist him with the investment. Even though Wang saw that he was earning money on the app, he had a feeling that there was something fishy going on. Filled with doubts, Wang visited Sian Chay Medical Institution thrice, asking if he could speak to Toh.

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