SINGAPORE: The number of fake gambling platform scam cases increased by more than 18 times between 2019 and 2020, while investment scams registered a 126 per cent spike in the same period, said the Singapore Police Force (SPF) on Sunday (Jan 31).
At least S$69.5 million was lost in 1,102 investment scam cases as well as S$15.4 million in 299 fake gambling platform scam cases, said the police in a news release.
The SPF’s Anti-Scam Centre and several banks intervened in more than 200 cases of such scams between Wednesday and Friday.
“During the three-day enforcement operation, officers from the Commercial Affairs Department, Criminal Investigation Department, the seven police land divisions and the banks conducted live intervention by analysing fund flow of scam victims,” said the police.
Officers then engaged these victims, many of whom were unaware that they had been scammed. They were…