And the latest in this space seems to be the WhatsApp scams with zero checks and balances. Terabytes have been written about the modus operandi of major crypto scams involving Bitconnect, GainBitcoin, OneCoin and others. In some of these groups tracked by Inc42, crypto investments worth $400-$500 happen every day

Last week, the IRAS issued advisories warning the public of scam emails and phone calls purporting to be from IRAS.In the past four months, unidentified people have set up hundreds of WhatsApp groups and promised big returns on each crypto-investmentĪll these groups, with names like BTC Fortune VIP, BTC Get Rich VIP, BTC Contract VIP and so on, have the same modus operandi and conduct their business with scanty company details and zero legal contracts Individuals affected by such scams are advised to lodge a police report, change their passwords or PINs on online accounts, and contact banks to stop any transactions. The IRAS also provided a tool to check the authenticity of the call.Īlso read: At least S$574,000 lost to parcel scams in Singapore since JanĪlso read: Singapore police warns of fake PayPal invoice scam, 1 victim lost $33,000Īlso read: Singapore's IRAS warns of tax discrepancy scam email with phishing link IRAS advised individuals to call the tax authority at 18 for verification. This is so that the app will take down the account and stall scammers from using the number on other victims. If an individual received such a call, he or she is advised to do a “Report and Block” for that contact. “Members of the public are advised to ignore such calls and not to provide any personal or bank account details, make any payments to a third party’s bank account or follow any instructions by the caller,” IRAS added. In an alert issued Monday (13 June), IRAS stated that it did not make calls through messaging applications such as WhatsApp, Telegram or Viber. SINGAPORE - The Inland Revenue Authority of Singapore (IRAS) cautioned the public against WhatsApp calls impersonating the authority, its third such advisory in less than a week. (PHOTO: Inland Revenue Authority of Singapore) Scammers impersonating IRAS are using WhatsApp calls to contact victims.

Whatsapp scams singapore