Police Crackdown Targets Scammers and Money Mules in Widespread Fraud Scheme
A 15-year-old teenager is among the 316 suspects being investigated by the police for their involvement in over 1,100 scams, which have collectively caused S$8.5 million in losses. The suspects, aged between 15 and 73, were apprehended during a two-week operation conducted from November 10 to November 23, 2023. The fraud cases include a range of scams such as job scams, phishing, malware-enabled scams, internet love scams, and e-commerce fraud.
The suspects, consisting of 229 men and 87 women, are under investigation for alleged offenses of cheating, money laundering, and providing unlicensed payment services.
Convictions related to cheating can result in up to 10 years in prison and a fine. Those found guilty of money laundering could face up to 10 years in prison and a fine of up to S$500,000, while those offering unlicensed payment services could be sentenced to up to three years in jail or fined up to S$125,000.
The Singapore Police Force continues to urge the public to remain vigilant against scams and report suspicious activities.
