A woman in her 30s lost nearly all her savings to scammers after repeatedly ignoring warnings from bank staff and police officers about the potential scam. The woman transferred a significant amount of money to an online 'friend', depleting her savings and taking out loans to fund the transfers, resulting in a total loss of $330,000.
A woman in her 30s lost nearly all her savings to scammers after disregarding the advice of bank staff and police officers who suspected she was falling for a scam. The woman insisted on transferring money to an online 'friend', depleting her savings and taking out loans to a total of about $330,000. Peck Chun Hua, investigator at OCBC's anti-scam unit, told Shin Min Daily News that the woman wanted to transfer $20,000 to an international bank account on April 16.
The bank's fraud analyst contacted her to confirm the transaction, noticing her anxiousness and inability to explain the transfer's purpose. The analyst also discovered the woman wanted to make five transactions to two bank accounts, using only an email address and not the recipient's name. The case was then flagged to Peck, who learned from colleagues at the police's Anti-Scam Centre that the recipient's account was marked as suspicious. He blocked the transaction and alerted the police. Several days later, the woman performed multiple transfers totalling about $30,000 from her second OCBC account to an international account under her name. Peck suspended the account and called the police again, but the woman demanded the bank unfreeze her account and approve the transaction. At a meeting with OCBC staff, the woman signed an indemnity form confirming she was aware of the risks involved, and the bank allowed the transfer. In June, the woman filed a police report, admitting she had been scammed. The woman, who originally had over $130,000 in her two OCBC savings accounts, was left with less than $600
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