Dear Clients,

In last week’s newsletter, we informed you about our activities in this case related to Singapore Police Force. We remain hopeful for advancements in its resolution.

Further in the text, we illustrate the activities of the Singapore Police Force (SPF) and present data related to fraud statistics, which are official figures.

“Singapore still is seeing more cases of online crimes, with phishing and e-commerce scams amongst the top five most common tactics used.

The country saw a 25.2% climb in scams and cybercrimes last year, hitting 33,669 in reported cases, up from 26,886 in 2021. Scams accounted for the bulk, cheating victims of SG$660.7 million ($501.9 million), a 4.5% increase from SG$632 million in 2021, according to the latest figures from the Singapore Police Force (SPF).

Phishing, e-commerce, and investment scams were amongst the top five most common tactics used against victims, making up 82.5% of the top 10 types of scams last year. Phishing cases topped the list, with 7,097 reported cases in 2022, up 41.3% from 2021.”

Legal Perspective: In this instance, we are committed to employing our professional expertise to facilitate the resolution of this case and the retrieval of your funds within the bounds of our legal jurisdiction. It is important to remain vigilant, as highlighted in the preceding text, as online criminals are more active than ever before.

Zoran Miljakovic

Attorney at Law