Just last night, my dad was a victim of a scam.
He received a call from someone identifying himself as an insurance agent from overseas. Let’s call this guy Jason (not his real name). Jason asked my dad if he had ever purchased an insurance policy overseas. My dad said no and Jason told my dad that there were an insurance policy in my dad’s name and that as my dad had just ‘confirmed’ that he had not purchased any policy, that my dad is now being suspected of being involved in money laundering. Jason further told my dad that an officer from MAS would be giving him a call.
Jason said that before MAS gives my dad a call, Jason would like to help my dad ‘secure’ his monies to ensure that in the event MAS were to conduct a raid of the money launderers, my dad’s money would be safe.
Jason then instructed my dad to open an account with GXS bank. Jason then asked my dad to transfer everything he had from his various bank accounts into this GXS account.
I really have no idea how but I thank God that my dad got suspicious at this point. I mean, to be fair, he could have been a little bit more cautious. Anyway, long story short, we made a police report and locked his bank accounts.
To find out more about the scam, read this link. Turned out, Mothership had actually ran an article about a very very similar incident that happened in January. Unfortunately for the lady involved, she lost S$100,000. The way it happened with my dad was identical! Even the suspect’s name was the same!
I think more education is needed to help our seniors. I don’t think the awareness campaigns are working very well. There’s still a gap that’s not being addressed and our vulnerable seniors are still being targeted by these scammers.