News - South China Morning Post
· collected 2026-08-28 · by Kolette Lim
A Singaporean couple was targeted by a foreign-stock scam that used legitimate-sounding lessons on trading platforms and chat groups to lure them in. The scammers convinced the couple to spend hours learning about stocks through WhatsApp messages from a "professor" who provided detailed documents and advice. No specific numbers are mentioned, but the article implies that the couple was convinced to invest based on promises of quick returns. Analysts are quoted as saying that scams like this gain credibility by using real overseas stocks and trading platforms.
Written by the local model on 2026-08-28,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Aaron* and his wife, who were new to investing in stocks, fell victim to a scam that lured them into thinking they were learning legitimate trading strategies. For over a month, they spent two hours every other day in a WhatsApp group chat with dozens of others, receiving lessons from a self-proclaimed "professor" on how to analyze markets and identify high-potential stocks. However, it was later revealed that these lessons were actually part of the scam. The scammers even went so far as to provide specific investment advice through private messages, promising quick returns each time.
Written for “Singapore Stock Scam Scheme” on 2026-08-31,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political
question, so it has no leaning score. That is an
answer rather than a gap: a match report or a rescue can be warmly
or critically written without being left or right, and scoring it
anyway is how approval of a subject gets recorded as a political
position.
No political leaning scored for article 3052 · logged 2026-08-28
How Singapore investors are lured by foreign-stock scams
Analysts say real overseas stocks, trading platforms and chat groups can give scams a veneer of legitimacy
For more than a month, Aaron* thought he and his wife were learning how to trade stocks.
asserted
he → lure → stocks
Only later would they realise the lessons were part of the trap.
asserted
lessons → realise → trap
Soon, he and his wife, who were dabbling in stocks for the first time, were spending about two hours every other day in a WhatsApp group chat with dozens of other participants, taking lessons from a “professor” who sent lengthy messages and documents on how to judge bullish markets, analyse market conditions and identify stocks with high potential.
asserted
who → dabble → potential
Through private messages, another purported expert told Aaron which stock to buy, when to buy it and when to sell, promising quick returns each time.
asserted
expert → tell → returns
