Police warn public of scammers claiming to be from GIC offering 'lucrative' investment deals

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

SINGAPORE — 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.

SINGAPORE — 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.

“To reinforce the ruse, scammers would utilise the GIC logo and claim to be investors who have successfully withdrawn the profits made from their investment packages,” said the police. Victims typically realise they have been scammed only when they do not receive the expected returns or were unable to withdraw their investments, said the police.

Said the police: “Adopt a mindset of healthy scepticism. More often than not, if it’s too good to be true, it probably is.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »