The e-commerce scams involved victims who had come across Facebook livestreams selling bags allegedly containing gold. These are sometimes called "gold mine bags".
Victims were able to purchase these bags for a chance to win, the police said. If they did not win, the scammers would ask them to purchase more bags or buy “upgraded” bags with a higher chance of containing gold.
“The scammers would also offer to re-purchase the gold from the victims at a price higher than the retail price,” said the police.
However, the victims would also be asked to transfer more money to receive their profits.
Most cases of the scam variants involved victims being instructed to make bank transfers with PayNow or DuitNow, usually through QR codes provided by the scammers.
“The victims would realise that they had been scammed when they did not receive their winnings or profits as promised, or when they sought verification with the police,” said SPF.
“We would like to remind members of the public to not transfer monies to any unknown persons and persons whose identity you did not verify.”
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Victims were able to purchase these bags for a chance to win, the police said. If they did not win, the scammers would ask them to purchase more bags or buy “upgraded” bags with a higher chance of containing gold.
“The scammers would also offer to re-purchase the gold from the victims at a price higher than the retail price,” said the police.
However, the victims would also be asked to transfer more money to receive their profits.
Most cases of the scam variants involved victims being instructed to make bank transfers with PayNow or DuitNow, usually through QR codes provided by the scammers.
“The victims would realise that they had been scammed when they did not receive their winnings or profits as promised, or when they sought verification with the police,” said SPF.
“We would like to remind members of the public to not transfer monies to any unknown persons and persons whose identity you did not verify.”
Continue reading...