Bank Of Singapore Scam Letter - Derrick Tan

The fake Bank Of Singapore letter below is a scam. Therefore, if you have received it, please do not follow the instruction in it. The fake letter, sent by online scammers, attempts to trick potential victims into contacting them by impersonating Derrick Tan from the Bank of Singapore.

Bank Of Singapore Scam Letter - Derrick Tan

The Bank Of Singapore Scam Letter

Subject: Derrick Tan -- Bank of Singapore -- Hong Kong Branch

Hong Kong

Bank of Singapore Limited (Hong Kong Branch)

1 Harbour View Street

35th Floor, One International Finance Centre

Central, Hong Kong

Telephone: +8522843980

Mr. Michael W Shackleford

(address redacted)

Las Vegas NV 89134-6136

Dear Mr. Michael Shackleford,

My name is Derrick Tan, Head of Global Marketing at Bank of Singapore Hong Kong. I am currently in the United States on a five days official assignment I am getting in touch with you regarding the estate of a deceased client with a similar last name whose portfolio we had the pleasure of managing about a decade ago. I will share some limited information about the estate with you and will shed more light once I can establish some level of trust and understanding with you. I would respectfully request that you keep the contents of this mail confidential and respect the integrity of the information you come across as a result of this mail. I am contacting you independently and no one is informed of this communication.

Sometime around 2012 the subject matter, Lokni Shackleford came to our bank to engage in a business discussions with our private wealth management dept regarding a portfolio of about $11.2 M (Eleven million two hundred thousand dollars) he wished to have us invest on his behalf. Based on the advice of my colleagues at the time we spun the money around various opportunities and made attractive margins to the tune of $13.M (Thirteen million five hundred thousand dollars). In mid 2013 he informed us of his intentions to move his funds to an asset management company in Hong Kong named Hangseng Asset Management (HAM) and the transfer was initiated his behest. However HAM got in touch with us sometime in 2018 informing us the funds were received and never claimed. On further inquiries by our risk department we determined that Lokni had passed around August 2013, we also discovered he died intestate and with no known relatives. In Hong Kong the intestacy laws will determine how your assets are distributed if you have no known family members after the “seven year no claim rule” expires. What I propose is quite simple, I have exclusive access to Lokni’s file and I can place you in a beneficiary’s position and instruct HAM to make payments to you after all necessary verification and application is done, as long as no one gets greedy we can have a fair and equitable share by splitting the funds evenly, the other option would be letting it revert back to the state.

It's a lifetime opportunity for us and if we can be of one accord we can act swiftly and get this done in a reasonable amount of time. I can be reached on my private line 011 852 5808 2132 or personal email I am looking forward to hearing back from you and having a more in-depth conversation about this.

King Regards

Derrick Tan

The Derrick Tan Bank Of Singapore Scam Letter

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Comments (Total: 3)

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March 21, 2021 at 5:28 PM by
Bank Of Singapore Scam Letter - Derrick Tan
JohnKS from: Downtown Redmond, Redmond, Washington, United States

I will try posting it as a new comment, maybe you can see it there.


March 21, 2021 at 5:27 PM by
Bank Of Singapore Scam Letter - Derrick Tan
JohnKS from: Downtown Redmond, Redmond, Washington, United States

I got one like this.. I have a picture which is perfect proof when you compare yours and mine side by side... but I can't figure out how to post it.


March 15, 2021 at 2:10 PM by
Bank Of Singapore Scam Letter - Derrick Tan
an anonymous user from: Arapahoe, Greenwood Village, Colorado, United States

I received the same scam letter wiht a few changes. Is there anything we can do to get them prosecutored? or outscammmed?


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Pay the safest way

Credit cards are the safest way to pay for online purchases because you can dispute the charges if you never get the goods or services or if the offer was misrepresented. Federal law limits your liability to $50 if someone makes unauthorized charges to your account, and most credit card issuers will remove them completely if you report the problem promptly.

Guard your personal information

In any transaction you conduct, make sure to check with your state or local consumer protection agency and the Better Business Bureau (BBB) to see if the seller, charity, company, or organization is credible. Be especially wary if the entity is unfamiliar to you. Always call the number found on a website’s contact information to make sure the number legitimately belongs to the entity you are dealing with.

Be careful of the information you share

Never give out your codes, passwords or personal information, unless you are sure of who you're dealing with

Know who you’re dealing with

Crooks pretending to be from companies you do business with may call or send an email, claiming they need to verify your personal information. Don’t provide your credit card or bank account number unless you are actually paying for something and know who you are sending payment to. Your social security number should not be necessary unless you are applying for credit. Be especially suspicious if someone claiming to be from a company with whom you have an account asks for information that the business already has.

Check your accounts

Regularly check your account transactions and report any suspicious or unauthorised transactions.

Don’t believe promises of easy money

If someone claims that you can earn money with little or no work, get a loan or credit card even if you have bad credit, or make money on an investment with little or no risk, it’s probably a scam. Oftentimes, offers that seem too good to be true, actually are too good to be true.

Do not open email from people you don’t know

If you are unsure whether an email you received is legitimate, try contacting the sender directly via other means. Do not click on any links in an email unless you are sure it is safe.

Think before you click

If an email or text message looks suspicious, don’t open any attachments or click on the links.

Verify urgent requests or unsolicited emails, messages or phone calls before you respond

If you receive a message or a phone call asking for immediate action and don't know the sender, it could be a phishing message.

Be careful with links and new website addresses

Malicious website addresses may appear almost identical to legitimate sites. Scammers often use a slight variation in spelling or logo to lure you. Malicious links can also come from friends whose email has unknowingly been compromised, so be careful.

Secure your personal information

Before providing any personal information, such as your date of birth, Social Security number, account numbers, and passwords, be sure the website is secure.

Stay informed on the latest cyber threats

Keep yourself up to date on current scams by visiting this website daily.

Use Strong Passwords

Strong passwords are critical to online security.

Keep your software up to date and maintain preventative software programs

Keep all of your software applications up to date on your computers and mobile devices. Install software that provides antivirus, firewall, and email filter services.

Update the operating systems on your electronic devices

Make sure your operating systems (OSs) and applications are up to date on all of your electronic devices. Older and unpatched versions of OSs and software are the target of many hacks. Read the CISA security tip on Understanding Patches and Software Updates for more information.

What if You Got Scammed?

Stop Contact With The Scammer

Hang up the phone. Do not reply to emails, messages, or letters that the scammer sends. Do not make any more payments to the scammer. Beware of additional scammers who may contact you claiming they can help you get your lost money back.

Secure Your Finances

  • Report potentially compromised bank account, credit or debit card information to your financial institution(s) immediately. They may be able to cancel or reverse fraudulent transactions.
  • Notify the three major credit bureaus. They can add a fraud alert to warn potential credit grantors that you may be a victim of identity theft. You may also want to consider placing a free security freeze on your credit report. Doing so prevents lenders and others from accessing your credit report entirely, which will prevent them from extending credit:

Check Your Computer

If your computer was accessed or otherwise affected by a scam, check to make sure that your anti-virus is up-to-date and running and that your system is free of malware and keylogging software. You may also need to seek the help of a computer repair company. Consider utilizing the Better Business Bureau’s website to find a reputable company.

Change Your Account Passwords

Update your bank, credit card, social media, and email account passwords to try to limit further unauthorized access. Make sure to choose strong passwords when changing account passwords.

Report The Scam

Reporting helps protect others. While agencies can’t always track down perpetrators of crimes against scammers, they can utilize the information gathered to record patterns of abuse which may lead to action being taken against a company or industry.

Report your issue to the following agencies based on the nature of the scam:

  • Local Law Enforcement: Consumers are encouraged to report scams to their local police department or sheriff’s office, especially if you lost money or property or had your identity compromised.
  • Federal Trade Commission: Contact the Federal Trade Commission (FTC) at 1-877-FTC-HELP (1-877-382-4357) or use the Online Complaint Assistant to report various types of fraud, including counterfeit checks, lottery or sweepstakes scams, and more.
  • If someone is using your personal information, like your Social Security, credit card, or bank account number, to open new accounts, make purchases, or get a tax refund, report it at This federal government site will also help you create your Identity Theft Report and a personal recovery plan based on your situation. Questions can be directed to 877-ID THEFT.

How To Recognize a Phishing Scam

Scammers use email or text messages to try to steal your passwords, account numbers, or Social Security numbers. If they get that information, they could get access to your email, bank, or other accounts. Or they could sell your information to other scammers. Scammers launch thousands of phishing attacks like these every day — and they’re often successful.

Scammers often update their tactics to keep up with the latest news or trends, but here are some common tactics used in phishing emails or text messages:

Phishing emails and text messages often tell a story to trick you into clicking on a link or opening an attachment. You might get an unexpected email or text message that looks like it’s from a company you know or trust, like a bank or a credit card or utility company. Or maybe it’s from an online payment website or app. The message could be from a scammer, who might

  • say they’ve noticed some suspicious activity or log-in attempts — they haven’t
  • claim there’s a problem with your account or your payment information — there isn’t
  • say you need to confirm some personal or financial information — you don’t
  • include an invoice you don’t recognize — it’s fake
  • want you to click on a link to make a payment — but the link has malware
  • say you’re eligible to register for a government refund — it’s a scam
  • offer a coupon for free stuff — it’s not real

About Online Threat Alerts (OTA)

Online Threat Alerts or OTA is an anti-cybercrime community that started in 2012. OTA alerts the public to cyber crimes and other web threats.

By alerting the public, we have prevented a lot of online users from getting scammed or becoming victims of cybercrimes.

With the ever-increasing number of people going online, it important to have a community like OTA that continuously alerts or protects those same people from cyber-criminals, scammers and hackers, who are every day finding new ways of carrying out their malicious activities.

Online users can help by reporting suspicious or malicious messages or websites to OTA. And, if they want to determine if a message or website is a threat or scam, they can use OTA's search engine to search for the website or parts of the message for information.

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Bank Of Singapore Scam Letter - Derrick Tan