There are many scams happening in Singapore and some had been allowed to continue for years. These potential scams include the gold bar schemes, land banking, time sharing, forex training courses, investment schemes and the like.
This statement is quite ridiculous. It comes from people who do not think but just feel comfortable about echoing the Government propaganda.
I do not expect the "authority" to stop all scams. But if someone had reported a potential scam, and the evidence is quite obvious, and the scam is affecting many people, the "authority" should pay attention and see what can be done. It is easy for the "authority" to send someone to attend these events and collect evidence. They can invite the organizers for a chat and advice them about the law on cheating or selling securities without a licence. The existing laws are sufficient to stop these scams.
It is a breach of duty of the Government to sit idly by and watch more people being caught by the scams.
The excuse, "we do not want to be a nanny state" allows the law enforcement officers to neglect their primary duty.