Beware of new loan shark tactic

A family in Sengkang has allegedly been victimised by what appears to be a new loan shark scam.

On 5 February, a man who refused to be named, claimed that he received a text message from an unknown sender stating that $400 had been transferred into his bank account.

The message also said he had to pay back the sum with interest.

It's not known how his bank account number was leaked.

The victim called the illegal moneylender known only as 'Lemon', in hopes of straightening out the situation.

'Lemon' insisted that the 'loan', together with the interest had to be paid back.

Worried for the safety of his family, the victim settled the payment that very night.

However, the loan shark claimed that the victim had not stuck to his given deadline and demanded to be paid more interest.

On 12 February, the victim again paid up the required amount.

Twelve days later, the loan shark repeated his threat but this time the victim refused to budge.

The loan shark is believed to have splashed paint on the victim's neighbour's door shortly after the victim had lodged a police report.

What do you think the victim should do?

ORIGINAL SOURCE
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