S'pore man, 68, meets 'woman' on TikTok, invests in 'crypto', loses S$70,000 to scam
The investment platform said he would not be able to make withdrawals if he did not put more money in.
In November 2025, a 68-year-old Singaporean man named Ng met a woman on TikTok. The woman told Ng that she was investing in an online platform called AI Robots, which allegedly offered high returns of up to 10 percent. Ng, who had previously encountered other people offering similar investments on TikTok, decided to ignore them due to the attractive return rates.
He began investing between S$1,000 to S$5,000 every two to three days on the platform. Over three months, from November 2025 to January 2026, Ng lost a total of S$70,755 to the scam, which included his initial investments and subsequent deposits to retrieve his money. The platform turned out to be a scam, and Ng never received his money back.
According to the Singapore Police Force's Mid-Year Scams and Cybercrime Brief 2026, investment scams like Ng's case result in the most amount of money lost. Ng's son, who knew nothing about the investments, discovered the scam when Ng sought a loan to repay a supposed income tax fee demanded by the platform. Ng now advises others to talk to their family more when facing such situations, as people around them can help them think clearly.
Written by urgent.news from Mothership's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
