Singapore watch boutique employee’s waitlist scam cheats victims of almost $500,000
Luxury Watch Scams in Singapore: How to Avoid Falling Victim The luxury watch market in Singapore has been plagued by a growing scam targeting individuals waiting for high-end timepieces. Scammers are taking advantage of the long waitlists for luxury watches by offering fake or non-existent watches to eager buyers. According to recent reports, these scammers often use social media or online platforms to advertise their supposed connections to authorized dealers or claim to have access to allocation lists. They promise to deliver the desired watch for a premium price, which is often paid upfront. However, once the payment is made, the scammers disappear, leaving the buyer without the watch. The scam is particularly prevalent in Singapore, where the demand for luxury watches is high, and waitlists can be lengthy. Scammers are capitalizing on the frustration and desperation of buyers, who are willing to pay a premium to get their hands on a coveted timepiece. Photo by cottonbro studi...
