Victims fall prey to fake news sites promoting investments

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The fake news and advertisement scam may be the latest in a series of scams which saw people in Singapore lose at least $99 million in 2017. 
Those who click on the advertisements are directed to the websites, almost always hosted overseas, which falsely feature well-known people advocating cryptocurrency investments, travel offers and overseas restaurants.

Note how scammers make use of people's trust in reputable websites to set up bogus versions of such websites to entrap them....(rebuttal to the point that as long as we stick to reputable websites, we should be safe):
there is too much faith that the user is "astute enough to realise that redirection in websites is usually fraudulent"...Singapore Press Holdings' Chinese newspaper division, CMG Newshub, said it had received "more than 15 reports from our readers" when the Lianhe Zaobao masthead was used in fake advertisements.


Note how trust in established personalities is also exploited by using such personalities to endorse the products without their consent....among the casualties include numerous local celebrities and politicians like PM Lee, Tharman, DPM Heng, and even President Halimah Yacob
[See HERE: President's image among those used by scammers]
These fake articles have been circulating on social media, riding on the popularity of international stars and personalities in Singapore to fool the public into putting their money into various investment schemes.