Scams Alert: Top Scams in Q1 2020. Types of Scams and How Scammers Scam Their Victims
By Seedly • June 5, 2020
$41.3 Million Lost to Scammers Over Three Months That is a hell lot of money!
We are looking at Singaporeans losing an average of $13.8 million to scams every month.
That is about $460,000 per day!
Top Scams Committed in Singapore
Type of Scam
Number of Cases
How Much was Lost?
E-Commerce Scam
1,159
at least $1.3 million
Social Media Impersonation Scam
466
at least $1 million
Loan Scam
421
at least $1.6 million
Bank Phishing Scam
374
at least $1.6 million
Internet Love Scam
175
about $6.6 million
We are working with the Singapore Police Force, to help spread awareness on scams in Singapore. The article is not sponsored, and we believe strongly in a world without scams!
Here more insights to these scams so that you can warn your loved ones about it!
Sounds Like Easy Money!
Of course, if easy money entices you and you wish to pursue your career as a scammer, here are some career advice.
