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via Shin Min Daily News
Downloaded "commercial" TikTok app
Ms Li then introduced the man to a "commercial" TikTok app downloaded from a sketchy link.
Once he managed to register an account, he had to deposit money and put products on shelves for the business to start.
Download virtual currency wallet app
On May 1, Ms Li asked the man to download the virtual currency wallet app.
He tried twice before he finally registered successfully.
Ms Li then asked him to provide photos of the front and back of his debit card and guided him in pairing the card with the virtual currency wallet app.
He then transferred money into the wallet.
Ms Li apparently told him that the account could be used to withdraw cash given his business was in operation.
The elderly man said he could withdraw thousands of dollars in cash initially, so he ended up transferring up to S$55,500 given that it worked.
Couldn't withdraw money
He said he could not withdraw the money eventually and realised he had been cheated.
"Most of my savings were taken away, which was for retirement. I struggled for a while before I mustered up the courage to confess to my three children and then went to the police," he said.
He could not sleep and eat properly after he was cheated.
Of the S$55,500, he lost S$10,000 that he had borrowed from a friend.
He has decided to hide the truth from his wife.
He said: "I am worried that my wife will be worried and sad when she finds out the truth, so I have kept it a secret until now. I have also discussed with my children who will avail S$1,000 of living expenses every month and I will try to hide it from my wife."
Still believes in Ms Li's existence as a real person
Even though he lost his savings, the elderly man told the Shin Min reporter that he believes Ms Li is a real person and she exists in Hong Kong.
He also insisted he can still keep in touch with her.
He added that he noticed Ms Li change mobile phone numbers and it is now a Hong Kong-registered number.
He also said: "Ms Li's photo does not look AI generated. I have also had a video chat with her. I believe she is real."
When the reporter explained that the scammer could have utilised other people's photos, he insisted that it was impossible as Ms Li could send real-life photos in real time even when she was travelling overseas.
All photos via Shin Min Daily News
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S'porean man, 76, scammed S$55,500 by 'Ms Li' 美人计
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