These sobering statistics are according to the National Crime Prevention Council (NCPC).
With scammers becoming more savvy these days and constantly changing their tactics to appear increasingly legitimate, it isn't surprising that more people are falling prey to these schemes and losing their hard-earned money.Read: The number of loan scams more than doubled to 692 cases and losses of $2.2 million in the first half of 2019, and the number of e-commerce scams climbed to 1,435 and a total of $1.2 million cheated from unsuspecting victims. 128 suspects are currently being investigated by the police, after an islandwide operation conducted the week before.
We've seen so many scams in recent years that it is getting hard to keep track. Some notable examples include the DHL scam, the customs police scam, the DBS phishing scam, the...