Why it’s hard for scam victims to recover their money
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Victims cannot get their money back because the funds have already been depleted or are hidden elsewhere, beyond their reach.
PHOTO: LIANHE ZAOBAO
If you fall for a scam, your money is as good as gone because it is often impossible to get a cent back even if you can file a lawsuit in Singapore.
Most of these anonymous crooks are based overseas and often use money mules to do their dirty work. Even if they are arrested, chances are the funds have already been depleted or are hidden elsewhere, beyond the reach of the victims.