Don't be victimised
• Usually based overseas.
• Advertise sale of items (usually IT gadgets) online. Items priced below market value to entice victims.
• Communicate via e-mail, overseas calls and text messaging applications.
• Attracted by bargain prices of items offered by scammers.
• Told to pay via bank transfers to local bank accounts, which lends credence to the deal.
• When items are not delivered, they are sometimes told to make additional payments for customs fees and insurance until they realise they have been scammed.
• Victims never recover their money.
• Money mules, usually those with Singaporean bank accounts, carry out money laundering for the scammers by remitting their ill-gotten gains to foreign bank accounts.
• Many are lured by online job ads and are unaware they are part of a crime
• Some get commissions for their services - usually 10 per cent of the transferred amount.