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Singapore
Monday, August 8, 2022
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362 PEOPLE BEING INVESTIGATED FOR MORE THAN $11M WORTH OF SCAMS, YOUNGEST IS A 16 Y.O

The Singapore Police Force said that they are investigating 362 people for their alleged involvement in victims being scammed of more than $11.1 million.

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The 362 people, comprising 249 men and 113 women (with the youngest being 16 and the older being 82), are suspected to be involved in more than 1,050 scams including internet love scams, government and China officials impersonation and e-commerce scams.

The Singapore Police Force’s Commercial Affairs Department conducted a two-week islandwide operation along with 7 land division, between 22 July to 4 August.

They said that the suspects are being investigated for a slew of offences, including cheating, money laundering and providing payment services without a license.

Potential penalties

Persons found guilty of cheating face a jail term of up to 10 years and a fine, while persons found guilty of money laundering face a jail term or up to 10 years and/or a fine of up to $500,000.

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Persons found guilty of providing payment services without a license, face a jail term of up to 3 years and/or a fine of up to $125,000.

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