Warning on Fraudulent Website Soliciting Bitcoin Investments
Singapore, 16 Aug 2019… It has come to the attention of the Monetary Authority of Singapore (MAS) that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Prime Minister Lee Hsien Loong. The website attempts to impersonate a news page from a local media organisation.
The information on the website is highly deceptive and misleading. The statements attributed to PM Lee are completely false. The site tries to get readers to provide credit card or bank account information. It also asks for payments into a purported Bitcoin trading platform, which would automatically initiate trades on the client’s behalf.
Members of the public are advised to exercise extreme caution and avoid providing any financial or personal information on the forms linked from the website. Anyone who suspects that an investment could be fraudulent or misused for other unlawful activities should report such cases to the Police.