fraud Archives | MoneyDigest.sg

Phones & Utilities

Two People Arrested for Suspected Involvement in SIM Card Fraudulent Scheme

In a three-week islandwide operation to disrupt fraud syndicates, the police made significant progress by arresting two individuals involved in fraudulent activities related to postpaid SIM cards. The operation, which happened from May 8 to May 31, resulted in the termination of over 1,000 mobile phone lines, freezing of approximately 50 bank accounts, and the seizing of more than S$210,000. The suspects, a 23-year-old man and a 26-year-old woman, were apprehended for their suspected involvement in illegally registering postpaid SIM

Personal Finance

Man Arrested for Allegedly Cloning Cards to Withdraw Cash from ATMs

A 27-year-old man has been arrested for suspected possession of cloned cards and equipment used for creating cloned cards. On Feb 7 (Tuesday), the police received a report that a cloned metal card was used to make a withdrawal at an automated teller machine (ATM). The name of the bank and other details were not disclosed. After follow-up investigations, Commercial Affairs Department officers determined the identity of the man and arrested him on Feb 16 (Thursday). HE CLONED OVER 60

Lifestyle & Hobbies

‘Tis the Season to Avoid Romance Scammers

Romance scammers profess their love quickly, without actually meeting you. This is the first sign of an online dating fraud. Online dating and sextortion scams can poke a deep hole in your wallet and your heart. Saying he or she loves you can be a tactic to make you give up personal details and answer security questions to open your bank accounts. Guard your personal details and be wary of your new love interest by following these tips. #1: BE

Lifestyle & Hobbies

How To Not Get Scammed While Shopping Online

Whether a victim shops from an unverified website or replies to a phishing email, online shopping scams are transactions that can take advantage of you. Avoiding these scams starts with the awareness of its existence and reading the fine prints! Maximize Your Credit Card Protection As an international payment platform, PayPal is subjected to the presence of schemes. More often than not, PayPal scams happen when victims are made to believe that they are paying through PayPal. Scammers mimic the

Personal Finance

Don’t Lose Your Fortune On These 4 Techniques That Fraud Artists Use

FRAUDS SCAMMERS PHONIES CON ARTISTS IMPERSONATORS All these people share one mission: to use different techniques in order to acquire your hard-earned money. Here are some of the methods that you must watch out for: 1. FAKE CHECKS Fraud artists employ diverse types of scams in order to get substantial amount of money or to get what they want. One of the most common type of scams is the “fake cheque or check”. Fake check occurs when the artist curates

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