100k is a lot and yes Optionrally famous for scams. I have contacted MAS for the same and they suggested to escalate it to CAD. This boasts to have its office in SG and hence you can send a mail to CAD. Scala Trade is not licensed or registered in SG.
also as others suggested raise a credit card charge back immediately.
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On Tue, Jul 5, 2016 at 6:46 PM, MAS Consumers (MAS) <
Consumers@mas.gov.sg> wrote:
The Monetary Authority of Singapore (MAS) will review the information you have provided regarding Scala Trade. As you have noted, Scala Trade is not licensed by or registered with MAS to provide financial services in Singapore.
Regardless of whether an entity is regulated by MAS, it is an offence to operate a fraudulent or deceptive business. If you suspect that there may be some criminal wrongdoing or fraud, you may wish to report the matter to the Commercial Affairs Department (CAD). CAD is the principal white-collar crime investigation agency in Singapore. Their contact details are appended below for your reference:
Commercial Affairs Department
Singapore Police Force
391 New Bridge Road #06-701
Police Cantonment Complex Block D
Singapore 088762
Tel: 6325 0000
Fax: 6223 3171
Website:
http://www.police.gov.sg/content/contact-us/police-cantonment-complex
Email:
SPF_CADWebmaster@spf.gov.sg
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