Police investigate hundreds for involvement in scams, resulting in significant financial losses for victims
The Singapore police are investigating 304 individuals for their suspected roles in over 1,300 scams, with victims reportedly losing more than S$8.9 million. Among the suspects, 91 women and 213 men, ranging in age from 16 to 75, are being questioned for their involvement as scammers or money mules. The scams include a variety of types such as investment, e-commerce, impersonation, job scams, government official impersonation, and Internet love scams.
These individuals are being probed for offenses like cheating, money laundering, and offering unlicensed payment services. Penalties for these crimes can include up to 10 years of imprisonment and hefty fines, with money laundering offenses carrying a maximum fine of S$500,000. The police had previously arrested 10 foreigners last month in a related anti-money laundering operation, seizing S$1.8 billion in assets.
