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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