Conmen even laughed at him

[Ultŕaman]

Conmen even laughed at him

October 12, 2012 - 11:22pm

By: Foo Jie Ying

TNP PHOTO: Gavin Foo

A security guard (above) who wanted enough money to pay for his eye surgery ended up being one of the victims of a money-lending scam.

The 55-year-old, who wanted to be known only as Mr Charles, said that when he called to check on his loan, the conmen mocked him.

The scammers sent text messages offering loans, and then tricked victims into depositing money into a particular bank account under the guise of financial checks before getting the full loan.

Six people allegedly involved in this scam have been arrested.

Read the full report in The New Paper on Saturday (Oct 13).

 

[Ultŕaman]

Police arrest 6 people believed to be involved in new loan scam

Published on Oct 12, 2012
By Jalelah Abu Baker

The police have uncovered a new loan scam, in which the victims are asked to deposit a sum in a bank account, before being lent money.

Four men and two women, including a Chinese national, in connection to this scam have been arrested, said a police spokesman on Friday.

The four are believed to have facilitated the scam by allowing their bank accounts to be used.

The victims would first receive a random message on their phone, asking them to call a number should they require a loan.

They are then asked for their NRIC issue date and Singpass. This was claimed to be for verification, and the amount to be transferred, taken as a guarantee that the borrower had the means to return the money.

 

[BicycleChain]

It's like collateral, but fake one, that it and to scam others. Similar to nigerian scam.

 

[Leungsam]

If singpass is requested over the phone then obviously something isn't right la.

 

[Buy2Get1Free]

Usually the scam works because someone is desperate, like the security guard looking for money for his eye surgery.
Also works on gullible people, usually old folks who is easily taken in.

 

[ReadySteadyGO]

Nowadays con men no big no small to victim.

 

[UncleTOBY]

The 55-year-old, who wanted to be known only as Mr Charles, said that when he called to check on his loan, the conmen mocked him.

How did the scammers mock him? In what ways? The report never say, which brings me to this topic, most reporting nowadays are half past six.