296 suspects between the age of 16 and 80 are currently being investigated by the Singapore Police Force (SPF) for their alleged involvement in scams and being money mules.
They consist of 194 men and 102 women, and have cheated a total of S$6.4 million from unsuspecting victims.
The police believe that they are responsible for more than 1,000 scams of various categories such as Internet love scams, e-commerce scams and investment scams to name a few.
SPF said that they carried out an island wide operation to nab these suspects between Oct 22 and Nov 5.
These suspects are suspected to have committed offences like cheating, money laundering and unlicensed provision of payment services.
Persons convicted of cheating can be jailed up to 10 years, and fined.
Those involved in money laundering can be jailed up to 10 years, fined up to S$500,000 or both.
Any unlicensed carrying out of businesses or providing unlicensed payment services can get you fined up to S$125,000, up to three years jail or both.
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