Economist Tan Khee Giap warns of investment scam that uses his name, one victim lost over $20,000

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Economist Tan Khee Giap warns of investment scam that uses his name, one victim…

SINGAPORE – Well-known economist Tan Khee Giap has warned of an investment scam after a woman lost more than $20,000 following the instructions of a fraudster impersonating him.

The account had a link to a WhatsApp group chat in which “Dr Tan” would give investment tips on gold, futures and foreign currencies. She added that she invested nearly $25,000 over three weeks and made a profit of about US$18,600 . But when she tried to withdraw part of the funds, she was rejected by the system.

Dr Tan, who advises other victims to do the same, said: “I do not conduct private investment chat groups.

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