Tag: financial protection
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Accountant Loses RM138,000 to Fake Investment Scheme in Johor Baru
Overview of the Incident A 60-year-old accountant in Johor Baru became the latest victim of a convincing fake investment scheme that promised unusually high profits. The incident underscores how sophisticated scammers can manipulate trusted professionals and exploit the lure of quick financial gains. Local police are advising residents to stay vigilant and verify investment opportunities…
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Bavarian Pensioner Outsmarts Phone Fraudster Twice, Safeguarding His Gold
An Unexpected Hero in Bavaria In a small homey town in Bavaria, a quiet 85-year-old pensioner became an unlikely hero in the ongoing battle against phone scams. German authorities have long warned residents about criminals who cold-call victims, posing as police officers or bank officials to extract money and valuables. On Tuesday, that warning rang…
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Elder Financial Abuse in Singapore: Breaking the Silence
Breaking the Silence on Elder Financial Abuse Elder financial abuse thrives in the shadows, often fueled by a silence that isolates seniors from help. In Singapore, the problem is exacerbated by a rapidly aging population and the emotional ties that can bind a vulnerable elder to a family member. The risk is not only financial…