According to the officials, 46 people has fallen prey to the China Official scam since Jan 2022, the total amount of monies lost is over $12.3 million.
How its done?
Victims were typically contacted by fraudsters posing as representatives of official bodies such as the Ministry of Health, China Offcials, Investigation officers and many more variations.
After convincing the victim, they would transfer the phone calls stating that they are Police from China and state that the victim is under investigation for money laundering.
Fake reasons the scammers provide includes:
- Investigations for opening a China Bank Account
- Investigations for money laundering
- Investigations for illegal importation of goods
and many more…
The victim will be told to provide information which is used to fabricate fake documentations to convince the victims further. The victim will received documents containing Singapore official’s logo such as
- Singapore Police Force (SPF)
- Monetary Authority of Singapore (MAS)
- Attorney-Generals’s Chambers
and many more
After convincing that they are on a investigation they will follow up with the victim and start to ask for personal information such as banking login credentials, Singpass and one-time-passwords.
By the time the victim realised that transactions were made, the money will be long gone.