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Loan Shark Harassment and how to stop it - Part 2

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Old 02-08-2020, 05:41 PM   #2461
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See heng suay, aiya just dont care them, inform ur neighbours and family in advance
So I have change my number already. For these past few days is quiet and peaceful. Now just basically preparing if any runners will come by to my house. Prepare to call police too.
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Old 04-08-2020, 11:50 PM   #2462
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The police arrested 160 men and 77 women, aged between 13 and 77 years old, for their suspected involvement in loansharking activities in an operation that took place between July 20 and 30, 2020.

Officers from the Criminal Investigation Department and the seven police land divisions conducted simultaneous raids at multiple locations island-wide resulting in the arrests.

Preliminary investigations revealed that 51 suspects are believed to be runners who assisted loansharks by carrying out ATM transfers.

Another 12 are believed to have carried out acts of harassment by splashing paint and scrawling loanshark-related graffiti on walls.

The remaining 174 suspects are believed to have opened bank accounts and given away their ATM cards and Personal Identification Numbers to facilitate unlicensed moneylending business.

Investigations against all the suspects are ongoing.

Under the Moneylenders’ Act (Revised Edition 2010), when a bank account or ATM card of any person is used to facilitate moneylending by an unlicensed moneylender, that person is presumed to have assisted to carry on the business of unlicensed moneylending.

First-time offenders found guilty of assisting in the business of unlicensed moneylending may be fined between S$30,000 and S$300,000, be imprisoned for a term of up to four years and shall also be liable to be punished with caning of up to six strokes.

First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment will be punished with imprisonment for a term of up to five years, a fine of between S$5,000 and S$50,000, and shall also be liable to caning of between three and six strokes.

Members of public are advised to stay away from loansharks and not to work with or assist the loansharks in any way.

The public can call the police at "999" or the X-Ah Long hotline at 1800-924-5664 if they suspect or know of anyone who could be involved in loansharking activities.
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Old 05-08-2020, 11:41 PM   #2463
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Hi guys so now currently i have stopped paying thm and called the bank to revert money and i have changed the phone num too.but the first time he asked for defer payments i transferred him with my bank account.will i be liable for assisting in loanshark activities but i havent like opened a new bank account for them or gave them my atm card
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Old 06-08-2020, 08:37 AM   #2464
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Hi guys so now currently i have stopped paying thm and called the bank to revert money and i have changed the phone num too.but the first time he asked for defer payments i transferred him with my bank account.will i be liable for assisting in loanshark activities but i havent like opened a new bank account for them or gave them my atm card
Report to police, so you wont be implicated.
Close your current bank account if possible and reopen a new one, it is pretty quick.

The reason i suggest closing your account is because they might "accidentally" transfer more money into your account.

Example , they "accidentally" transfer you 300 dollar, they ask u to transfer 100 to 3 separate accounts, sometimes reverting payment dont work because they use direct deposit.

Worst case scenario, someone who is 'paying' the loan shark/loan scammers is 'paying' money into your bank account, then if the person report police and your bank account gets flagged. Not worth right
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Old 07-08-2020, 09:35 PM   #2465
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Just want to share, recently kanna loan scam enquire a personal loan and after don't want to take up this guy forced transfer $400 to my bank account and ask me to transfer $600 or he will do something to me and family. What the hell is happening. Anyway, I quickly reported to the bank on the unauthorized transaction and make a police report and surrender the $400 to the police . After that I closed my bank account. Kanna spam watsapp and nuisance calls as expected but as advice by police don't communicate with them. To those people who are victims, remember you are not alone. Don't pay them and just ignore them. Never be a runner for them not worth to do it. If you kanna caught that's the end. Mandatory canning no joke.
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Old 07-08-2020, 09:38 PM   #2466
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Hi guys so now currently i have stopped paying thm and called the bank to revert money and i have changed the phone num too.but the first time he asked for defer payments i transferred him with my bank account.will i be liable for assisting in loanshark activities but i havent like opened a new bank account for them or gave them my atm card
Report what you know to the police and you should be fine. These *******s are cowards making use of victims. If gentleman come out say don't hide hide.
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Old 07-08-2020, 09:41 PM   #2467
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So I have change my number already. For these past few days is quiet and peaceful. Now just basically preparing if any runners will come by to my house. Prepare to call police too.
I feel you, I kanna also recently. Stay calm and things will be fine. Singapore catch criminal very fast 1. Hope those poor victims like us smart enough don't pay and become runner for them.
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Old 07-08-2020, 09:44 PM   #2468
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It's a scam. They are trying to trick you.
It's a scam, report police, close account then ignore and block their calls.
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Old 07-08-2020, 09:49 PM   #2469
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See heng suay, aiya just dont care them, inform ur neighbours and family in advance
Same here, I also don't care them. Most important thing stay calm. I also kanjio when I kanna, now calm down OK liao. Report police, close account then block calls from them don't communicate with them. Messages from them don't read cos disturbing and may make you scare.
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Old 07-08-2020, 09:52 PM   #2470
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All the people you gave their contact, warn them they will be harassed and that you have been scammed.

Fb post and every harassment - file police report, can do online.

Lastly do not pay and do not fear, call 999 if any physical harassment happens.
Yes, do not fear and don't pay and communicate with them. Messages from them don't see also if not you may be scared. Trust our police they catch quite fast 1.
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Old 07-08-2020, 09:57 PM   #2471
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This forum very useful for sharing similar experiences and definitely calm me down a lot when I kanna scammed. Got a lot of invaluable advices from the good people here. Stay safe and help to defeat them.
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Old 07-08-2020, 10:12 PM   #2472
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Hi guys, hoping to get some advice from you guys.

Weeks ago, i was approached by someone on whatsapp who happen to know my name, still no idea how, claiming to be from LML i used previously. However, he has 'broken out' and is starting his own business claiming many customers have started supporting him. After turning him down a few times, i relented as i needed some urgent cash.

I proceeded to send him my IC and payslip as 'document proof'. The initial amount requested for $AK but upon receiving $2AA transfer from 3 different accounts, i felt suspicious and requested it to stop immediately, which he did. We then discussed and came to an agreement that i will return $AAA with slight interest after he refused to accept me returning the same amount at that point. The agreement was 1 month later from the date of receiving it. There was no issue for a couple of weeks until 1 week plus back he requested me to make a $AA payment to a specific account. I did so and i confirmed with him that the outstanding out be $AAA to be paid on the one month of receiving the initial amount. He asked for the same amount just this monday and i clarified that was the initial arrangement. He said no, this $AA is merely 'deferment', technically if i pay $AA for the rest of my life, i won't be able to clear this debt. So i asked for a 'clearance payment' which he arrived at $AAA which is over 200% more than received amount

I did so even though i knew there was a risk of him coming back for more, but i did it because i felt he would have gotten more than what he provided initially.

I made a police report on the same night and was advised to close my account and change my mobile. First few days was fine (no sound), but today he texted using another number requesting for payment AGAIN despite clearing it. I ignored and blocked, updated my IO about it.

Part of his whatsapp image he sent across showed a facebook post of my IC with my occupation claiming i took a loan from his 'company' and refused to pay, he proceeded to claim he will share my address (which i'm not sure if he did OR if the post was photoshopped) He also called my home landline claiming to be someone from my workplace.

I understand from reading all the posts, i should be ignoring and ghosting them. IS THERE ANY ADDITIONAL ADVICE FROM YOU GUYS?
Ignore them completely. No use talking to them. They are no gentleman and coward. Not like last time older days come out settle 1 time close case. Any physical or property harassment 999.
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Old 08-08-2020, 12:19 AM   #2473
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I feel you, I kanna also recently. Stay calm and things will be fine. Singapore catch criminal very fast 1. Hope those poor victims like us smart enough don't pay and become runner for them.
I know right. Most runners are all those peoples that are owe them money and instead, do this kind of splashing paints. If kenna caught by police they have to go to jail and get caning and even worse still, is that the loan shark or scammers mastermind will not be arrested. Hope people that scared of them, please don't be their runner and cause physical trouble.

First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment will be punished with imprisonment for a term of up to five years, a fine of between S$5,000 and S$50,000, and shall also be liable to caning of between three and six strokes.
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Old 08-08-2020, 09:13 AM   #2474
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This is usually what people who never experience such harassment will logically think under stress and pressure.

What guarantee can you give that it will end? The loanshark don't want it to end as paying back only means the victim is cooperating with the loanshark. They only see it as another business opportunity to try to harass for more money after that.

So the situation will not change and in fact will get worse. I can confirm and guarantee of that.

So stop paying or returning is the best move, even if it sounds illogical and suicidal at first. Harassment still going to happen if continue to payback or return. So, why return?
Totally agreed, don't pay them. I doubt they can do anything drastic they are just scam syndicate based in Malaysia or China making use of victims to do job for them. It's a bit different from last time loan shark who is really those gangsters connection. Although gangster but gentleman way of settle things. Long time ago got 1 of my friend with a bit of connection went down geylang to settled with the loan shark face to face. Pay and settled. Gentleman agreement.
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Old 08-08-2020, 10:12 PM   #2475
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Loan scam

So just tonight someone knock on my doorstep and say got letter appointed to his home and the letter is my home address. I check my home CCTV and discover the suspicious guy. But just after that the loan scammer text my NOK say is the letter delivered? To be honest IDK if that guy is just a neighbour or really runner. Should I report 999? But what if the guy is just a neighbour that runner put letter on his house then how?
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