The old adage «if it sounds too good to be true, it probably is» rings yet again as losses involving lucky draw scams on Facebook Live reach at least $60,000 since May 20.In an advisory on Monday (June 15), the police said scammers would lure victims by promoting scratch cards or lottery tickets offering cash prizes on Facebook livestreams. Victims who purchase these items would be informed by scammers that they had won a large cash prize. They would then be asked to transfer another sum of money to claim their winnings for reasons such as «administrative fees».According to the police, most of these cases involve victims making payments via a PayNow QR code linked to a LiquidPay account.The victims would only realise they had been scammed when they did not receive their winnings, or when the scammers become uncontactable. Since May 20, at least 33 cases have been reported, with total losses amounting to at least $60,000, said the police. Read more