Police warn of scammers impersonating GIC representatives and offering investment packages

SINGAPORE - A new type of investment scam has emerged, with fraudsters impersonating representatives of"the Government of Singapore Investment Corporation" on group chats on messaging platform Telegram.

The scammers running the group chat would claim to be from GIC and offer lucrative investment packages. Those who were keen to invest in the packages were then directed to provide their personal particulars and bank account number to sign up for the packages.They would only realise it was a scam when they did not receive the expected returns or could not withdraw their investments.

Every one want to get rich fast.....but when they r hit by scammers n cheated.....they cry me a river..... all the same ....greed.

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Police warn public of scammers claiming to be from GIC offering 'lucrative' investment dealsSINGAPORE — The police have warned the public of an investment scam where fraudsters impersonate representatives of Singapore’s sovereign wealth fund GIC, and offer 'lucrative' investment deals.
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Police warn of scammers impersonating GIC representatives on Telegram with investment offersSINGAPORE: Scammers have been impersonating representatives of Singapore\u0027s sovereign wealth fund GIC to offer investment packages on Telegram, the police warned on Thursday (Apr 28). Victims would receive a Telegram invite to join a group chat called \u0022Government of Singapore Investment Corporatio
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