Fraudsters are falsely claiming affiliations with SEBI-registered FPIs and offering trading opportunities and online courses to entice investors.
February 28, 2024The police are working with Meta to terminate WhatsApp lines believed to be used in scams and remove suspicious ads on Facebook and Instagram.
October 11, 2023The Singapore Police Force said 498 victims lost at least S$25.5mn through investment scams since June.
July 20, 2023SDNY prosecutors are said to be looking into Telegram chats among employees at Jump Trading and Jane Street from last May.
March 15, 2023The 19-year-old is the second Singaporean youth to plead guilty for helping an overseas syndicate launder the proceeds from phishing scams against OCBC customers.
January 8, 2023Kenneth Goh pleaded guilty to creating a false appearance in the market 325 times, deceiving two brokers, and making false statements in Telegram chat groups.
December 21, 2022The gang is estimated to have laundered up to CNY 12 billion for both domestic and foreign criminal groups using cryptocurrency.
December 13, 2022SEBI said some Telegram groups were impersonating mutual fund houses and has instructed AMCs to put in place monitoring to detect such activity.
December 6, 2022Individuals and entities were operating Telegram channels to encourage investors to deal in listed stocks, thereby creating "artificial volume and price rise".
March 14, 2022The false statements were used to induce investors to trade listed securities. SGX has previously warned about the use of Telegram chat groups in “pump and dump” schemes.
February 10, 2022