The Telegram Investment Mentor Scam Promising Daily Profits
This scam often begins with a warm, unrelated chat on a dating app, a wrong number message, or a social group. Over days or weeks, a friendly contact builds trust and eventually mentions an investment mentor or a guaranteed trading method delivering daily returns.
Victims are guided to a slick but fake platform or app. A small first deposit appears to grow quickly, and a small test withdrawal may even succeed to build confidence. Encouraged by the apparent profits, victims deposit larger sums, sometimes borrowing to do so.
When the victim tries to withdraw a large balance, the platform demands taxes, fees, or a minimum balance before release. These demands never end, and the money is already gone. The dashboard profits were never real.
Warning signs
- A new online contact steers casual conversation toward investing or a mentor.
- You are promised guaranteed or fixed daily returns with little or no risk.
- You must use a specific app or link that is not a regulated local broker.
- Withdrawing your balance suddenly requires extra fees or taxes.
How to protect yourself
- Treat any guaranteed return as a red flag. Real investments carry risk.
- Only invest through platforms regulated by the Monetary Authority of Singapore.
- Check the MAS Investor Alert List before sending money to any platform.
- Never let an online stranger guide your trades or installations.
- Withdraw a meaningful amount early. Inability to withdraw is a clear warning.
Frequently asked questions
Learn more in the Scam Awareness Centre
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