In 2023, investment scam cases in Singapore increased to about 4,000 from around 3,100 cases the previous year. During this year, investment scams were the type of scam with the highest amount cheated in the country. The platforms commonly used by scammers to contact victims are Instagram, Facebook, and Telegram.
Number of investment scams in Singapore from 2020 to 2023
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SPF. (February 18, 2024). Number of investment scams in Singapore from 2020 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1405539/singapore-investment-scam-number/
SPF. "Number of investment scams in Singapore from 2020 to 2023." Chart. February 18, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1405539/singapore-investment-scam-number/
SPF. (2024). Number of investment scams in Singapore from 2020 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1405539/singapore-investment-scam-number/
SPF. "Number of Investment Scams in Singapore from 2020 to 2023." Statista, Statista Inc., 18 Feb 2024, https://www.statista.com/statistics/1405539/singapore-investment-scam-number/
SPF, Number of investment scams in Singapore from 2020 to 2023 Statista, https://www.statista.com/statistics/1405539/singapore-investment-scam-number/ (last visited November 21, 2024)
Number of investment scams in Singapore from 2020 to 2023 [Graph], SPF, February 18, 2024. [Online]. Available: https://www.statista.com/statistics/1405539/singapore-investment-scam-number/