RM150,000 Lost Because Of “Angpow” Scam
One unfortunate woman was recently scammed out of her life savings by a scammer who had set up shop in a local supermarket. The woman, who was in her 70s had been walking around the store and minding her own business when she was approached by the scammer.
The scammer approached her and informed her that angpows were being given out to the shoppers. The man running the scam had the woman pick from one of the many red packets he had available. When she picked her angpow, she discovered she had won several hundred ringgits split between cash and reward points.
These winnings were fake, but unfortunately, the woman would not be able to discover this until much later on. The scammer then introduced the second phase of the scam, telling the woman that she could double her winnings if she spent more money in the supermarket. She was instructed to go and withdraw enough cash to cover her expenses – the more she bought, the more she would earn.
The woman followed these instructions and ended up withdrawing over RM150,000 to use on her impromptu shopping spree. When she returned and gave the money to the man, he told her to wait while he went to a money changer to get smaller bills to use while she shopped. She waited for quite some time before it occurred to her that something may have happened. She went to go look for the man but couldn’t find him anywhere.
After searching for some time without any results, the woman decided to lodge a report with the police. Unfortunately, this scam had some very clear signs that the offer the woman received was a scam. It is important for citizens to understand these simple signs so they can protect their wealth and investments from people who would leave them penniless if given the opportunity.
How To Avoid Scams
One of the first signs you should look for is the credibility of the offer given to you. What company does it come from? Are you familiar with that company? Is there an address you are familiar with? Can you search the company to make sure that it is a real company? Is the offer on their official web page as well? These are all questions you need to consider before taking anyone up on an offer you’re not familiar with.
You should also be wary of people who need your personal information in order to process your reward. If you are asked to provide your government identification, social security card, tax information, address, or other information that can be used to duplicate your identity, pass up the offer. It can be very difficult to recover an identity once it’s been stolen.
Last, but not least, don’t take any offers that require you to spend money to make money. This is incredibly unprofessional at best and is a common tactic that scammers use to take away your hard-earned savings. As long as you keep these things in mind, however, you’ll be able to keep your savings safe!
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