Singapore

Police issue warning of cold calls to former investors of failed gold investment companies

Members of the public are warned by the Police about calls targeting former investors of failed gold investment companies such as Genneva Pte. Ltd, Asia Pacific Bullion Pte. Ltd and The Gold Guarantee Pte. Ltd.

The Police stated that it received reports regarding the matter, saying that the scammers claimed that they were from litigation or recovery companies and offered to help investors recover their investments in these failed companies via civil proceedings or other methods, in return for a fee.

It noted that in some instances, the callers also offered to buy over gold bars at prices higher than prevailing market gold prices, or at prices higher than the investors’ original purchase price. However, in return, the investors were asked to “re-invest” their sales proceeds into an alternative investment scheme that promised attractive returns and guaranteed capital protection over a short period of time.

The police advised members of the public to be vigilant when receiving unsolicited calls from purported recovery or litigation firms, and should adopt the following crime prevention measures:

If members of the public wish to provide any information related to such scams, please call the Police hotline at 1800-255-0000, or submit it online or dial ‘999’ if urgent Police assistance is required.

Football news:

Sergio Ramos: it's not the referees who win or lose La Liga
The banner of Labor player was struck by lightning in training. They say there were no visible signs of a thunderstorm (this happens)
Ex-referee Andujar Oliver: Marcelo stepped on his foot. It's a penalty
Ramos scored 5 goals after the resumption of the season, 3 from penalties
Jurgen Klopp: Titles don't make players better. I don't like questions about dynasty and dominance
Xavi's new contract with al-Sadd has an option to leave for Barcelona
Lewandowski on winning the German Cup final: We showed that Bayern is the best team