A man is sounding the alarm on a potential investment scam that involves a spoof of The Straits Times’ (ST) website after planning to invest “a few thousand” dollars.
On May 5, Stomper David came across what he believed was an ST article on his Google feed. The article appeared to be about the a fight at Chin Swee Road last November, in which two men were charged for the murder of a 56-year-old man.
David found the story “enticing” — but not for the reasons one might think.
“The article came with a link that connects you to an investment platform page,” David said, showing screenshots of the “article” that contained hyperlinks to Moventix Trading, an investment platform.
The spoofed article also quoted the suspect and other stakeholders talking about the benefits of Moventix Trading. While the article claimed the platform was approved by the Monetary Authority of Singapore (MAS), Stomp could not find the platform on MAS’ online directory.
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There was no result found for “Moventix Trading” on the MAS website.
PHOTO: STOMP
When asked if he found it suspicious that a news article about a murder case would contain links to an investment platform, David grew sheepish.
