Mother of all scams thread

[mersaylee]

On 5/5/2025 at 12:06 PM, Volvobrick said:

Guy voice you also like...... 

大陆偶像剧小鲜肉...😂

[Windwaver]

Talk to AI just as good why this man like that 

https://mothership.sg/2025/07/man-love-scam-china-hdb-flat-sold/

Man, 59, sells HDB flat, gives money to online lover supposedly from China, loses S$123,000

He thought he found his life-long partner.

For two years, a man in Singapore believed he had found a life partner.

Even though she told him she supposedly lived in Hangzhou, China, their relationship developed quickly after meeting on Facebook in mid-2023.

Within months, they were already addressing each other as “husband” and “wife”, and he felt deeply cared for by her affectionate words and attention.

But in July 2025, his world came crashing down when he realised it had all been a scam to take his money.

Now homeless and penniless, 59-year-old Chen (not his real name) shared his cautionary tale with Shin Min Daily News.

Met on Facebook

Chen met the woman, apparently named Huang Ping, on Facebook in mid-2023.

She claimed to be in her 30s, divorced, and raising a daughter.

Chen was drawn to her appearance, and they were able to get along well online.

Her profile picture was of a long-haired woman who appeared dolled up.

They chatted every day on the phone and he was made to feel cared for.

Asked for money

But soon, there were red flags in their relationship, just that Chen did not realise it at the time.

A few months into their relationship, the woman told him she was struggling financially and asked to borrow money.

Believing it was normal to help each other in a relationship, Chen began transferring a few thousand dollars at a time to cover Huang's living expenses.

“Sometimes she would even call me crying about how hard life was,” he recalled.

Before long, he had depleted his savings of S$30,000 to S$40,000.

Sold his HDB flat

Then came the next red flag.

Huang suggested that Chen sell his Housing and Development Board (HDB) flat in Ang Mo Kio and move to China to start a new life with her.

Blinded by love, Chen thought it was a good idea.

He was getting older and wanted to settle down.

In 2024, he sold his three-room flat, which was part of a redevelopment project and received about S$123,000 in compensation.

Over the course of a year, he transferred the entire sum to the woman’s designated accounts, with single transactions of up to S$40,000.

Ignored the bank’s warnings

Chen recalled that his bank had repeatedly warned him about suspicious transactions as there were signs he was being scammed.

Not believing them, he lied to bank staff, claiming he was simply sending money to a friend.

Eventually, the bank capped each of his transfers at S$200.

Determined to continue helping Huang, Chen found a workaround by withdrawing cash and using ATMs to make the transfers.

Looking back, he said he regrets not heeding the bank’s advice.

Reported to police

Left homeless, Chen turned to a friend for help.

His friend took him in and, after hearing the full story, immediately suspected it was a scam and urged him to contact the authorities.

“My friend showed me other similar cases and explained common scam tactics like using multiple bank accounts for transfers. That’s when I finally woke up,” Chen said.

He filed a police report on Jul. 21, and with his friend’s encouragement, decided to share his story publicly to warn others.

Police confirmed with Shin Min that a report had been made and that investigations are ongoing.

‘Wife’ cut off contact

In April 2025, the woman abruptly stopped communicating with Chen, claiming that her grandmother had died and she would be observing a six-month mourning period.

Chen now believes she knew he was running out of money.

He also noticed that some of their chat history had been deleted, another sign that convinced him she was a scammer, who was likely using stolen photos.

Protection from Scams Act 2025

The Protection from Scams Act 2025, which took effect on Jul. 1, allows police to intervene if a person is suspected of being a scam victim, but refuses to stop making transfers.

Under the new law, police can issue Restriction Orders (ROs) to banks to limit a victim’s financial transactions.

ROs are issued only as a last resort, after other attempts to dissuade the individual have failed.

Officers will assess the facts of each case before making a decision.

Singapore is among the first countries to introduce legislation targeting the financial behavior of scam victims to prevent further losses.

Rebuilding his life

Now, Chen is working again to support himself and rebuild his life.

“I’m very grateful to my friend for helping me. I was in a car accident in March, and surviving that helped me see things differently. The money is gone, and there’s no changing that. Regret is pointless — it was my own doing. Love blinded me,” he said.

He added that he hopes to gradually earn back what he lost, one step at a time.

[Ghgan]

not sure other banks will follow or not.

 

From 31 July 2025, Google Pay users will need to call OCBC and wait up to 48 hours to add cards to their wallets (it's for your own good, you know).

https://milelion.com/2025/07/26/psa-add-your-ocbc-cards-to-google-pay-wallet-before-31-july/

 

[Throttle2]

https://www.straitstimes.com/singapore/courts-crime/liquidators-score-victory-to-recoup-over-900-million-from-scammer-ng-yu-zhis-associates
 

my question is , why are the other directors of the Envy ponzi scheme not charged nor remanded?

taking back the money isnt a penalty nor punishment.

these scums should at least be remanded

[Wt_know]

wow ... can recover 900 millions ... not bad leh ... 

otherwise, all gone case liao ... 

how much already spent on super car , hyper car and RM watches ?

and not forgetting ... high maintenance 小 三  

Edited August 8 by Wt_know

[Windwaver]

https://www.stomp.sg/singapore-seen/led-influencer-retirees-lose-life-savings-after-buying-crypto-linked-ceo-charged

Misled by influencer, retirees lose life savings after buying crypto linked to CEO charged with fraudulent trading

More than 350 members of a trading community led by an influencer have lost money after buying cryptocurrency he recommended.

Stomper Nick claimed the crypto was promoted by the unnamed influencer as well as Tokenize Xchange CEO and founder Hong Qi Yu, who was charged with fraudulent trading on July 31.

"There may be many other victims out there and quite a number of them are retirees who have lost their life and retirement savings," said the Stomper.

"The victims are all from a trading community led by a prominent stock trainer and financial influencer, who has been around for more than 10 years and published books on stock trading."

The Stomper alleged that since late 2024, the influencer had partnered with Hong to conduct many rounds of private crypto token sales to the trading community.

These coins were an exchange token under Tokenize Xchange, a trading system token and a VR token. The minimum placement for each round was US$10,000 (S$12,9000).

"Community members were encouraged to purchase these crypto coins via private sale and to stake them for yields," said the Stomper.

"The influencer had informed the community members that the funds from the private sale were all kept by Hong Qi Yu and had declined to provide any further updates to the community members.

"Some community members had tried to trace the funds via on chain data and found that the funds were all being transferred to an external wallet and the sum involved is in excess of US$100 million.

"The Tokenize Xchange token today is worthless. The price of the other tokens have also all fallen by more than 99 per cent."

The community is shocked and devastated by the significant sum of money lost.

"This money is hard-earned savings, education funds, retirement income and also funds for medical treatments," said the Stomper.

"Many members have made police reports, sent feedback to the Monetary Authority of Singapore (MAS) and went to see their MPs to highlight the situation."

Stomp has contacted the police for more info.

In an Aug 1 joint statement, the police and MAS said the Commercial Affairs Department (CAD) was investigating AmazingTech and its related companies.

AmazingTech was not licensed by MAS and its activities were not supervised or regulated by MAS. The company operated Tokenize Xchange under an exemption from holding a licence while pending the MAS' assessment of its application for a Major Payment Institution licence.

The exemption ended on July 4 following MAS' rejection of the company's licence application.

AmazingTech was required to cease providing payment services, wind down its business in an orderly manner and ensure that all money and digital payment tokens received from its customers were returned.

In mid-July, MAS received several customer complaints against the company for delays in processing withdrawals of monies and digital payment tokens to customers.

MAS found indications that AmazingTech might have made false representations to MAS regarding the segregation of its customers' assets when the company applied for a Major Payment Institution licence.

MAS then referred AmazingTech to CAD for investigations.

Hong Qi Yu was a director of AmazingTech and charged with fraudulent trading, an offence which carries an imprisonment term not exceeding seven years, a fine or both.

Police investigations are ongoing.

On Aug 5, seven cryptocurrency investors applied to the High Court to place AmazingTech under interim judicial management to protect their investments, reported The Straits Times.

The investors are believed to have not been able to withdraw more than $4 million held by Tokenize Xchange.

[ER-3682]

No Free ''Lunch'',Retirees are Greedy,fell into the Deep Hole..

[jcmm]

https://www.straitstimes.com/singapore/courts-crime/pair-accused-of-working-together-to-cheat-victims-of-nearly-263k-walk-free-after-stern-warnings

I am confused.... 

[Windwaver]

https://www.straitstimes.com/singapore/courts-crime/pair-accused-of-working-together-to-cheat-victims-of-nearly-263k-walk-free-after-stern-warnings

Pair accused of working together to cheat victims of nearly $263k walk free after stern warnings

SINGAPORE – Two people who were 

accused of working together with other unknown individuals to cheat three victims of nearly $263,000

 in total have walked free after they were given stern warnings.

Chinese national Wang Rui, 34 and Malaysian Sau Young Seng, 38, were then granted a discharge amounting to an acquittal.

Those given such a discharge cannot be charged again with the same offences.

Without disclosing details, the Attorney-General’s Chambers responded to queries from The Straits Times in a statement on Sept 24, saying: “After carefully considering the facts and circumstances of the matter, the prosecution directed that stern warnings in lieu of prosecution be issued to both Wang and Sau.

“Following the administration of the stern warnings... the prosecution applied for a discharge amounting to an acquittal in relation to the charges against them.”

District Judge Brenda Tan granted the discharge on Sept 17.

Ms Wang and Mr Sau were each handed three cheating charges on Nov 15, 2024.

They were accused of being part of a conspiracy between June and July that year to dupe an alleged victim into believing that an online job opportunity posted via WhatsApp was genuine.

The alleged victim was said to have transferred more than $28,000 in total to bank accounts belonging to seven other people.

Mr Sau and Ms Wang were accused of committing a similar offence involving another alleged victim between June and August 2024.

This person was said to have been duped into believing there was a genuine investment opportunity posted via WhatsApp before allegedly transferring nearly $232,000 in total to five different bank accounts.

Mr Sau and Ms Wang were accused of cheating a third person of $2,600 between July and August 2024.

This alleged victim was purportedly duped into believing that an investment opportunity was genuine before transferring the amount to an online trading platform.

In a statement in November 2024, police said officers arrested the pair following an anti-scam operation earlier that month. The authorities seized more than 6,800 SIM cards, 15 mobile phones and two laptops, and recovered more than $10,000 in cash.

For each count of cheating, an offender can be jailed for up to 10 years and fined.

[ER-3682]

Maybe Money Refunded back to the Victims.?

[Lala81]

Honestly think if financially threatened with no avenues, lot of people might succumb. 

https://www.channelnewsasia.com/singapore/foreign-student-jail-fake-saf-bulk-order-scam-bank-account-5379556

[Ct3833]

Singapore banks to impose 24-hour cooling-off period on suspicious transactions |

https://www.straitstimes.com/business/spore-banks-to-implement-new-scam-safeguards-on-all-digital-transactions-from-oct-15

If a person is scammed and he/she is sold into the scammer's story, no matter how long the coolong off period be, he/she will be scammed without human intervention.

Edited October 5 by Ct3833

[Tkseah]

NUS student also not smart enough to avoid scam....

https://www.straitstimes.com/singapore/nus-student-forced-to-cut-ties-send-money-and-stay-under-constant-watch-in-fake-police-scam

[ER-3682]

@Tkseah Just a NUS Student,still ''Green'',even Professor also got Scammed.

[Ct3833]

The 4 scammer families operating their huge ruthless  scammer operation in myanmar like king. Now get caught and given death sentence by the Chinese regulatory. And this is likely the tip of the iceberg.

 

 

[Ct3833]

Former UOB employee convicted of giving scammer data on over 1,000 customers

https://www.straitstimes.com/singapore/courts-crime/former-uob-employee-convicted-of-giving-scammer-data-on-over-1000-customers

 

This one must sentence her jialat jialat. 

Edited October 15 by Ct3833

[Jman888]

now they target korean.

https://www.scmp.com/week-asia/people/article/3329091/south-korean-victims-cambodias-scam-camps-recount-horrific-experiences?utm_medium=Social&utm_content=visual-style&utm_source=Facebook&fbclid=Iwb21leANcZpZleHRuA2FlbQIxMQABHhMPoXvNuhG9HxGUEXzhUiTIIndI6t1YXUW5kDdwgW-FzKG8-S7S4fBoQiIQ_aem_EsVloHO8pcYAYb003dzc8Q

 

[Jman888]

the scammer 'factory' is expanding faster than anyone can imagine, and more high tech now  

the 后台 must be very powerful