Orchard Road erupted in high-pitched wailing today as dozens of Singaporeans discovered that depositing $50,000 into a stranger’s bank account for "rejuvenating steam" wasn't a foolproof retirement plan.

The local wellness centre shuttered its doors, finally revealing the brand's ultimate secret: they have all your money and you still have blackheads.

"I pay fifty-thousand leh! Now I only got oily face and one stupid QR code to scan? Win liao lo!" screamed one middle-aged victim while clutching a useless bottle of expired lavender oil.

Consumer watchdogs expressed "deep concern," suggesting that perhaps citizens shouldn't treat a neighbourhood beautician like a high-yield hedge fund.

The defunct outlet has offered "goodwill" transfers, allowing victims to trade their life savings for a complimentary $2 eyebrow plucking.