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  • Julie O'Connor

NOT EASY TO SPOT A 'DBS' SCAM?


Two DBS letters were used during a conspiracy to defraud, which would aid an influential client of DBS. After viewing the letters, a number of people have contacted me and raised a very valid point. If these two letters were sent by DBS to a DBS Bank client and they have not been tampered with, how on earth is anyone ever going to recognise a fake? The majority of people believe that to spot a fake you look for mistakes!


These DBS letters that the DBS Board claim are genuine and match the bank's file copies, have no return address, no bank reference, are littered with errors, UK and US spelling, missing bullet point, duplicate bullet points, reference to being a Fourth Supplemental letter when it was supposed to be a Sixth Supplemental letter, changes in job title of author, a suspect signature, asking for corporate guarantees 12-months in the past, using old company name, transposing dates, addressing letters to and cc'd the same parties....


These letters were used to wipe between 92.2% - 96.6% (A$30m - A$40m) off the value of a company being acquired by an influential bank client. After being asked to authenticate the letters, DBS took eight-weeks to decide to refuse to do so, during which time the bank client competed his acquisition. DBS knew that the transaction was pending as they had to agree to the transaction!


So the next time you receive a link to what you a believe to be a fake DBS website/sms should you consider the more mistakes, the more likely it is to be genuine?



NOT LEGITIMATE/AUTHENTIC DBS WEBSITE



LEGITIMATE/AUTHENTIC DBS LETTERS


DBS claim the above is not a legitimate website, but according to DBS the letters below are authentic and have not been tampered with.




Maybe coincidence, but on the signature which appears to be a fake, Audrey Koh decides to change her job title.




There are numerous sections on the signature on the left where the person signing has paused, actions consistent with someone copying a signature.