Scammers masquerade as ‘managers’ to dupe desperate loan shark borrowers

Published on 15 Aug 2025 7:10:54 PM

Scammers posing as loan shark “managers” are targeting borrowers who have just lodged police reports about harassment, offering fake debt settlements at a discount.

At a press conference on Friday (Aug 15), MCA Public Services and Complaints Bureau deputy chief Ivan Tan said after studying the 11 cases thoroughly, his team could only determine two possibilities, either it being a conspiracy between the scammer and the loan shark, or an inside job.

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Keywords
loan sharks , scams , mca public services and complaints bureau , michael chong , fake debt , police reports , ivan tan , debtors , news, thestartv, the star, scammers, borrowers, debt settlements, discount

Keywords:
loan sharks , scams , mca public services and complaints bureau , michael chong , fake debt , police reports , ivan tan , debtors , news, thestartv, the star, scammers, borrowers, debt settlements, discount