People in Singapore are getting scammed by selling their old bank notes and coins.
The police said in a release on Nov. 9 that they have observed a resurgence of such scams involving the sale of old bank notes and coins.
Since September 2021, at least S$30,000 have been lost to such scams.
The scammers would typically approach the victims through Instagram, expressing interest in purchasing old bank notes and coins from the victims.
To gain the victims’ trust, the scammers would share screen shots with the victims that showed purported successful purchases of old bank notes and coins made with other sellers.
In addition, the scammers would also provide photographs and identification documents purportedly of themselves, such as of their foreign driving licence, as proof of a legitimate identity.
Upon receiving the old bank notes and coins, the…