Monday, 27 May 2019

Warning: Law Society issues call for caution after 'alarming' scams targeting law firm clients


The Law Society of Singapore (LawSoc) held an unprecedented press conference on Friday (May 24) urging the public to be cautious following an "alarming" series of scams in April, with one victim cheated out of a "significant" amount of money.

The scammers targeted clients of law firms. They would email the clients who were buyers in property transactions and, posing as their solicitor, request fund transfers.

It is not known if the two cases were linked and whether they were "local fraudsters" or based overseas, LawSoc president Gregory Vijayendran told reporters on Friday.

Read more @ https://www.channelnewsasia.com/news/singapore/law-society-press-conference-caution-alarming-scams-april-11562312


My 2 cents:
Do not just remit any money when one receives instructions from the receiving party. Confirm with the receiving party on whether they are the one that sent the instructions. A simple call will save you thousands of dollars.

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