Tag: online scam

  • Men Fall Prey To ‘Sugar Mummy’ Online Scam

    Men Fall Prey To ‘Sugar Mummy’ Online Scam

    He was promised up to $4,000 a night to sleep with rich “sugar mummies”. All he had to do was pay for a membership fee and insurance.

    In January, “Harry” (not his real name) saw the advertisement online and coughed up about $2,500. But he never saw that money again.

    The 30-year-old is one of a growing number of men here falling prey to a “sugar mummy” scam.

    Police said yesterday that they first started receiving reports about the new online scam last December. At least 20 victims have come forward so far, all reporting a similar modus operandi after responding to online advertisements seeking male social escorts.

    Preliminary investigations show they lost a total of about $26,000.

    Victims were told they would be linked up with “rich female clients”.

    Harry, a psychology student, told The Straits Times he searched online personal advertisements last month. “I thought I’d just take a risk,” he said.

    On websites like Locanto and Gumtree, Harry found a sugar mummy agent who had “testimonials” from purported customers.

    Razak, who claimed to be from Malaysia, gave him a list of women to choose from before asking for a registration fee of about $500. Harry was told the women were married and in Singapore, and would either pick him up or meet him in a hotel.

    “He said the mummies are based in Singapore but they all go through him to find toyboys for them,” Harry said, adding that after the payment was made, Razak transferred him to an “admin manager”.

    The manager asked him for a further payment of close to $2,000 – purportedly for insurance in case something happened to the sugar mummy. Harry paid this sum as well, noting that websites for social escorts also asked for a similar fee.

    But when the manager asked for a further $1,000 to “certify the insurance was legitimate”, Harry said he grew suspicious. He demanded his money back and made a police report. He has not heard from the agent since.

    “(Razak) kept saying ‘I am never going to cheat you; I will never run away’,” said Harry. “Of course, I feel bad about this, because I’m educated… but I took a risk.”

    Police are investigating the cases and have appealed for anyone with information to come forward. They urge the public to be wary of dubious online ads, and when corresponding with strangers online.

    Mr Chong Ee Jay, manager of Touch Cyber Wellness, a voluntary welfare group that teaches Internet safety, said this online scam was one of the more insidious ones.

    “It drives up the fantasy level… in the person’s mind, sometimes to the extent that he might be willing to take high risks,” said Mr Chong. “They know there are risks involved but… with the false assumption that they can get more out of this, they take that risk.”

    Earlier this month, police reported a surge in online crime here which has pushed up the overall crime rate. There were 1,203 credit-for-sex scams last year, up from just 66 in 2014.

     

    Source: www.straitstimes.com

  • 34 Suspected Online Scammers And Money Mules Under Investigations

    34 Suspected Online Scammers And Money Mules Under Investigations

    A total of 34 persons aged between 16 and 75 are being investigated for their suspected involvement in various online scams, said the Singapore police on Thursday (Jun 25).

    Following an island-wide operation conducted between Jun 22 and 24, the suspected 24 men and 10 women are believed to be involved in 88 cases of online scams involving more than S$165,000.

    Some of the suspects are believed to have posed as online sellers of baby products or electronic gadgets, and did not deliver the products to buyers after receiving payment, said police. Others are believed to have been recruited from online job portals or social networking websites to become “Money Mules”.

    According to police, “Money Mules” describes those who have allowed their bank accounts to be used by criminal syndicates to receive and transfer money to and from unknown sources. In doing so, they would have assisted in the commission of an offence, police added.

    The suspects will be investigated for the offence of Cheating which carries a punishment of 10 years in jail and a fine, or money laundering offences, which carry a punishment of imprisonment for up to 10 years and a fine of up to S$500,000 as well.

    Director of Commercial Affairs Department, Mr David Chew, said: “Police take a serious view against those who intentionally use the online marketplace to commit crimes and will not hesitate to prosecute them. Account holders who are aware that their accounts are being used to transfer proceeds of crime will also be taken to task for money laundering.”

    The police would like to advise members of public to be vigilant when engaging in any form of online activity on social media applications or on online shopping platforms. To avoid becoming a victim of such scams, police say:

    • Be wary of strangers who befriend you online.
    • Never give your bank and credit card details and personal information to anyone you do not know or have not checked out.
    • When purchasing, always check the track record of the party you are dealing with.
    • Use reputable sites and payment platforms with established refund policies.
    • Avoid making advance payments. If advance payments are necessary, insist on getting a contact number so that you may verify the beneficiary’s identity.

     

    Source: www.channelnewsasia.com