SINGAPORE – Individuals must be cautious of articles containing false data that Prime Minister Lee Hsien Loong has endorsed investments in cryptocurrencies, the police mentioned on Saturday (April 30).
These articles painting the investments as being protected and extremely profitable, the police mentioned in an advisory. “The net articles are normally paid on-line ads which can be disguised as information articles.”
By clicking on a hyperlink inside the article, the consumer will probably be taken to a web site providing investments via the buying and selling of cryptocurrency or different monetary merchandise.
Those that supplied contact particulars on the web site would normally obtain a name from a supposed consultant from the scheme.
The police urged the general public to not cope with firms that use such false or deceptive ads, in addition to to be cautious when making funding selections.
The general public can take numerous steps to remain protected. They embrace, for instance, questioning firm representatives to know the funding alternative, or checking on the corporate’s credentials utilizing sources such because the Monetary Establishments Listing, Register of Representatives, or the Investor Alert Record. These sources can be found on the Financial Authority of Singapore’s web site.
Extra data on scams can be found on the Scam Alert website, or you may name the Anti-Rip-off Hotline on 1800-722-6688.
These with data on such scams might name the police hotline on 1800-255-0000 or confidentially submit information on the I-Witness website.