Singapore

Singapore scam losses fall to S$913mil in 2025; new trend of victims handing over gold bars to syndicates

Singapore scam losses fall to S$913mil in 2025; new trend of victims handing over gold bars to syndicates. - Photo: ST

SINGAPORE: For the first time in eight years, the number of scam cases in Singapore fell from more than 50,000 cases in 2024 to 37,308 cases in 2025.

The amount lost to scammers also dipped from the record high of $1.1 billion in 2024 to $913.1 million in 2025, the police said on Feb 25 as they released their annual scam statistics.

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Singapore , scam cases , gold bars , e-commerce scams , Pokemon trading cards , government impersonation scams , job scams , insurance services scams , cryptocurrency , victims

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