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Beware of Scams

Learn to recognise fraudulent schemes and fraudsters. Also learn how to protect yourself against frauds and SCAMS.
4.1 (25 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
4,208 students enrolled
Last updated 11/2016
  • 1 hour on-demand video
  • 2 Articles
  • 4 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

With advancements in technology, there is a spike in fraudulent cases in recent years. Many websites and advertisements have offered various schemes and products that can help get rich within a short period of time with little risk. They may even sound more convincing with impressive testimonials of customers who claimed to have made huge profits but there was never a word mentioned of how many have lost a fortune.

Be cautious as they may simply just too good to be true.

Learn about:

  • Internet Banking Security
  • Avoiding "Get-Rich-Quick" schemes
  • The dangers of dealing with unregulated (by the Monetary Authority of Singapore) persons

Most importantly, don't be the next victim of the latest SCAMS.

Who is the target audience?
  • investors
  • general public
Students Who Viewed This Course Also Viewed
What Will I Learn?
to warn people about frauds and fraudsters
to help people recognise SCAMS, which can be both online or offline
to know how to protect yourself against SCAMS
View Curriculum
  • internet connection
  • basic investing knowledge
  • internet banking experience (optional)
Curriculum For This Course
Expand All 20 Lectures Collapse All 20 Lectures 01:15:19
3 Lectures 07:40

This lecture introduces this e-learning module on Avoiding SCAMS.

Avoiding SCAMS Introduction

In this video, we looking at 5 common types of scams:

  • Internet Love Scam
  • Cyber Extortion Scam
  • Money Mule Scam
  • Online Purchase Scan
  • Lottery Scam
Don't be a victim - Know the Scams

This MoneySENSE Core Financial Capabilities Framework consists of:

  • Understanding money
  • Understanding yourself, your rights and responsibilities
  • Managing everyday money
  • Planning ahead
  • Selecting financial products suitable for you
MoneySENSE Core Financial Capabilities Framework
Avoiding SCAMS
7 Lectures 28:47
Learn about the Common Types of Scams and what you can do to protect yourself.
Common Types Of Scams

Pitfalls can happen with dealing with unregulated entities such as Land Banking, Get Rich Quick Seminars, Gold Buy Back Schemes and Virtual Currencies.
Pitfalls in dealing with Unregulated Entities

Many unregulated investment schemes end up being scams as well.

Beware of Unregulated Investments

Learn about what you can do to avoid being the next victim of a Scam.
Avoid being the Next Victim

Learn about the Consumer Protection (Fair Trading) Act (CPFTA) and the Financial Industry Disputes Resolution Centre (FIDReC).
Dealing with Errant Traders

5 Case Studies are presented in this lecture.
Case Studies

3 questions and answers for you to consider.

Try this quiz to see if you are SCAM proof.

Quiz Time!
13 questions
Making SENSE of Internet Banking Security
3 Lectures 12:14

In this lecture, we look at issues regarding your Personal Identification Number (PIN) and One-Time Password (OTP). It is very important to keep your PIN and OTP safe and confidential at all times.

PIN and OTP security

In this lecture, we look at Phishing Schemes, where fraudsters attempt to steal details of your account using the Internet. We also look at what you can do to safeguard yourself against Phishing Schemes.

Phishing Schemes

In this lecture, we provides notes on Internet Banking Security.

The article can also be accessed from:


Making SENSE of Internet Banking Security
3 pages
CAUTION: If it's too good to be true, it probably is
2 Lectures 03:34

In this lecture, we consider the dangers of get rich quick schemes and what you can do to protect yourself against these unlawful schemes.

Avoid falling prey to "get-rich-quick" schemes

In this article, we provides notes on why you should avoid "get-rich-quick" schemes and how you can go about doing this.

This article can also be accessed from:


Avoid "get-rich-quick" schemes
2 pages
Dealing with unregulated persons
2 Lectures 08:10

It is not advisable to deal with persons who are unregulated by the Monetary Authority of Singapore (MAS). There will be little recourse action available should the person you are dealing with turns out to be a crook.

Avoid unregulated persons and bogus investment schemes

In this lecture, we provide notes on dealing with unregulated persons (those not regulated by the Monetary Authority of Singapore).

This article can also be found at:


Dealing with unregulated persons
3 pages
3 Lectures 02:20

In this article, we provide notes on various types of SCAMS and what you can do to protect yourself against these SCAMS.

This article can also be viewed from:


More examples of SCAMS can be found below:

The Infamous Nigerian 419 Scam

The Gold Guarantee Scam

Genneva Gold Scam

ICA Phone Scam

Scratch and Win Scam

Kidnap Phone Scans

Singapore Police Force Advisory

Common SCAMS and how they work
4 pages

In this lecture, we conclude this module on Avoiding SCAMS and present some final points on how to avoid being the next victim.


This lecture contains links to additional resources where you can learn more about money matters pertaining specially to Singaporeans.

Additional Resources

This is a quiz on SCAMS

Are You SCAM Proof?
4 questions
About the Instructor
3.8 Average rating
1,110 Reviews
43,114 Students
23 Courses
Unbiased Financial Education Courses

The MoneySENSE-Singapore Polytechnic Institute for Financial Literacy is a collaboration between MoneySENSE, the national financial education programme in Singapore and Singapore Polytechnic.

MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee which comprises representatives from the Ministry of Health, Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People’s Association.

Our financial education courses cover basic money management, financial planning and investment know-how.

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