SINGAPORE: More than 40 people have been duped in a scam involving online payments system PayPal, the Singapore Police Force (SPF) said on Tuesday (Jun 13).
Since January, police said victims of this scam have lost at least S$43,000.
Fraudsters will send text messages to your phone using your bank’s phone number, requesting you call fraud prevention line to confirm your identity. They’ll make you confirm your bank details, which will give them access to all your funds.
This was first posted to The Straits Times in August 2015, It seems that unscrupulous firms are out in force trying to make a quick buck from previous victims of timeshare scams.
The Consumers Association of Singapore (Case) put out an alert on three such companies yesterday. They are: AJ Chartered, Interval Resorts Network and Asian Travel Club (ATC).
In November 2016 The Timeshare Consumers Assocaition reported on the property scheme ‘Harlequin’ being sued by its investors for £400m in respect of ‘using’ them to fund their build projects. The full story can be read here. In the same article in November, it was said
Just in the United States alone State Attorney General offices and other enforcement agencies across the nation have been inundated with timeshare resale and rental complaints, so much so that some State Attorneys General have moved many of these timeshare resale scammers to the top of their investigative plates.