Home World News Business DAD DO TRADING ONLINE LOST OVER SGD$10,000, INVESTMENT FRAUDS

DAD DO TRADING ONLINE LOST OVER SGD$10,000, INVESTMENT FRAUDS

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non Finance, non loan, non property, non banking, non credit card

A netizen shared a story online about how greed can destroy oneself. The netizens father was practically gambling and not investing by not making sure where he is depositing his funds.

Full Story:

My dad has invested a lump sum in a trading platform that will help manage his portfolio. It has been losing money, and he cannot take out the money because it requires him to put in another lump sum before he can take it out (which is probably a scam). Hence, he looked for a hacker online who can help him hacked the trading software and take out his money, but he has a pay a fee first via crypto. But after paying the hacker several times due to excuses like “network issues”, he never receives any money (scammed again).

And again, he made friends with “a victim” on telegram which the hacker has helped her before to retrieve her money via the same trading platform. “The victim” has then introduced my dad to an investment plan in which one can earn $5k within 5 days by paying only $2k.

My dad believed, and transfer $2k, only to know that he has to pay another $2k to take out the money. But he has paid almost a total of $10k and did not even receive any money (scammed the 3rd time)

Can anyone advise what we can do as a family member? We have spoken out to him 2 times on this (we found out the whole incident secretly because he was acting suspiciously) and he just flared at us.

Our r/s has already been bad, but it is worst now. We tried warning him but he doesn’t listen?? And keep getting scammed.