This article was submitted by a Guest Contributor.  In the recent EIU world’s safest city report, Singapore dropped from 2nd to the 3rd spot, because of the increase in online scams. With scam victims losing $168 Million in the first half of 2021, almost 3 times from the same period last year, this has grown into a big issue in Singapore. And this amount came from a whopping 19,444 scam cases reported! In this article, we examine 8 of the craziest investments scams in Singapore and what we can do to avoid them. 1. S$1 billion Envy Global Nickel investment scam In March 2021, Ng Yu Zhi, the former director of Envy Global Trading was charged with cheating hundreds of investors at least S$1.2 billion. Yes, billion with a B. What stood out from the case, was not just the quantum of investment monies scammed, but the high-profile nature of the scammer and investors....