SINGAPORE: The number of fake gambling platform scam cases increased by more than 18 times between 2019 and 2020, while investment scams registered a 126 per cent spike in the same period, said the Singapore Police Force on Sunday .
Officers then engaged these victims, many of whom were unaware that they had been scammed. They were advised to stop any further money transfers.A total of 98 people are currently assisting with investigations for their suspected involvement in 359 investment scams and fake gambling platform scams. Once larger amounts of money are deposited into the scammers’ accounts, they will become uncontactable.
The victims will then be informed that their betting accounts have been frozen and that they would need to deposit more money to cash out their winnings.