Singaporean Singer Wu Gang Scammed Twice in a Year, Losing Nearly $300,000

In an interview, Singaporean singer Wu Gang said he lost about $300,000 in online scams twice this year.

The 76-year-old singer saw an investment advertisement early this year and was attracted by the investment achievements made by several financial experts in the ad.

After joining a group chat created by the scammers, he spent his days in the group taking so-called free online financial management and investment courses and was guided by group members to make investments through a particular website.

In addition to Wu Gang, there were more than 10 members in the group, but he didn't know whether they were accomplices of the scammers or other victims.

“They will tell us which time is the best investment time, such as between 3pm and 5pm,” said the singer.

At the beginning of the investment, the victim's account showed a profit, which led him to believe that he had been given the secret to earning more profits, so he invested nearly $200,000 in the website.

However, when the victim wanted to withdraw his money, he was only given one excuse after another, he became suspicious and eventually called the police.

However, in October this year, the singer fell into another scam.

On the recommendation of a Facebook friend, he started investing in a seemingly regulated trading platform. But no matter how much he did for the investment, the so-called profits were just meaningless numbers that had nothing to do with real cash.

The platform gave participants 1 point for every successful transaction, and they could quit after saving up 100 points. However, the victim's points were always deducted due to “customer complaints” and must be replenished by cash top-up.

Wu felt that things were not right and called the police again.

These two scams made Wu Gang lose nearly $300,000. “I have been so unlucky this year to fall for such scams, and twice in a row, too. They have caused me significant harm and I've lost all my capital; I've no more tears left to cry, ” said the victim.