Tag: investment scam
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Ex-insurance agent’s bail-linked scam: investors lose over S$7 million in bogus scheme
Shocking Bail-era scam: A familiar face and a large sum The case of a former insurance agent, Alvin Koo Jing You, has drawn attention to how quickly legitimate-seeming offers can turn into sophisticated investment scams. At 39, Koo allegedly orchestrated an elaborate scheme that deceived family, friends, and other unsuspecting individuals into handing over more…
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Ex-insurance Agent’s Bail-Breach Scam: Over S$7 Million Pulled From Victims
Overview of the Case An ex-insurance agent who was already out on bail for earlier offences reportedly orchestrated a sophisticated investment scam that targeted his own family, friends, and other unsuspecting individuals. In total, more than S$7 million (about US$5.4 million) was siphoned from victims under the guise of lucrative opportunities, according to prosecutors and…
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Double Whammy: SEC Warns Against Swindlers Preying on Scam Victims
SEC Alerts Public to Double-Whammy Recovery Scams The Securities and Exchange Commission (SEC) has issued a strong warning about a troubling pattern where self-styled “recovery” or “advance-fee recovery” outfits target individuals who have fallen victim to investment scams. These schemes mimic legitimate assistance but are designed to defraud victims a second time by demanding upfront…