74 year old Man Loses $70K After Downloading App To Buy Roast Duck in Facebook

74 year old Man Loses $70K After Downloading App

74 year old Man Loses $70K singapore

A 74-year-old man chatted online with a welcoming roast duck salesman he met on Facebook for a total of six hours, only to realise that his retirement savings had been nearly emptied as a result of the conversation.
After installing malicious app on Mr. Loh’s Android phone, the scammers stole approximately $70,000 worth of money from his DBS and POSB credit card accounts as well as his bank accounts.

On August 26, he happened onto an advertisement for a Peking duck on Facebook that was being sold by a vendor who went by the name “Xiao Xiao Ya Zi.”

He decided to reach out to the vendor on Facebook after being lured by the deal that provided $23.80 for a 1.5 kilogramme Peking duck together with $5 for shipping.

Also see: 5 Singaporeans teenagers Arrested for Drug transaction in Telegram

The seller communicated with Mr. Loh via WhatsApp voice messages and text messages, telling him to install an app called Grab&Go developed by a third party on his mobile device. Before his order could be processed, the application required him to submit a “deposit” in the form of a payment of $5 using PayNow.

Mr. Loh, who had previously worked as an importer, viewed the advertisement with first doubt, however, once the seller eased his concerns and assured him that the offer was legitimate, Mr. Loh relaxed his guard. “I asked of him, ‘Are you sure this isn’t a scam?’ He assured them that no one would be out the $5, and he stated that this was a minor issue.

He informed me that I possessed a great deal of knowledge and expertise. According to what he said to The Straits Times, “I agreed to proceed since this was only a matter of $5.” Within a few moments, while he was still having a conversation with the seller, he became aware that the display on his phone had become black.

Mr. Loh attempted to switch off his phone and close the third-party app after his phone restarted many times in the space of a quarter of an hour but was unsuccessful.

Also check: Singaporean Mother Daughter Arrested Smuggling Cocaine, 14 Kg of Cocaine found

Mr. Loh, in a state of panic, reached out to the scam maker, who afterwards reassured him that the phone reset was fully normal. After listening in on the chat, his wife noticed that something was wrong and immediately contacted their daughter. After that, she had her brother make an immediate phone call to DBS.

The bank officer informed the family that Mr. Loh’s transaction limit, which had previously been set at $3,000, had been upped by the con artists. They took approximately $59,000 from his DBS current account and POSB savings account and transferred it elsewhere. Additionally, the con artists used his DBS credit card to take out a cash advance for approximately $11,000.

He said that he had put that money away for his retirement as well as his future medical expenses.

“I just couldn’t believe what I was hearing. I wondered to myself, Why am I such an idiot? I was so furious with myself for being taken advantage of, as my money represented my entire life’s work. Mr. Loh, who has three children, said, “My family is frustrated, and I ended up quarrelling with my wife.”

His daughter, who requests that she be referred to only as Ms. Ang, stated that she had cautioned her parents about falling for such cons. “As his children, we are all devastated by the fact that he fell victim to a con despite the fact that we schooled our parents about the dangers of con artists. According to what she said, “we believed that we had done enough to minimise the risk.”

On August 27, he filed a report with the police and also sought assistance from DBS. The police have acknowledged that a report was made, and they are currently conducting inquiries into the matter. For comment, ST has reached out to DBS, which is also responsible for running POSB.

Mr. Loh questioned, therefore, why he had not been notified in any way when the transaction restrictions associated with his account were raised.

When there is an increase in the limits that can be placed on funds transfers, I am aware that certain banks demand a waiting period of twelve hours. However, the limit on my credit card was increased right away without asking for or receiving my permission,” he continued.

Since then, Mr. Loh has upgraded his handheld device and removed the programmes he used for Facebook and online banking.

Must see: Fort Canning, E-bike rider hits child at pedestrian crossing

He remarked, “What I learned was that you shouldn’t trust people so quickly on the internet.” Because I am not very good with technology, I think it would be best if I asked my children to assist me in making an online purchase rather than attempting it myself.

Source: straitstimes

Leave a comment