Author: Paul Powers

Financial desperation makes anyone vulnerable, which explains why falling victim to a money lending scam remains one of Singapore’s most persistent consumer threats. When urgent expenses arise and legitimate financing seems out of reach, fraudulent lenders materialise with promises that sound almost too convenient. Yet these offers often mark the beginning of significant distress rather than relief. The Growing Threat Landscape Singapore witnessed a dramatic surge in loan fraud cases, with incidents jumping 151% from 396 to 994 cases in recent years. The sophistication of these lending scams has evolved considerably, with fraudsters employing increasingly convincing tactics to lure unsuspecting…