According to the Police media release, a 53-year-old woman was arrested for her suspected involvement in a series of investment scams.
The Police received reports that they were purportedly cheated by a woman in an investment scheme involving the buying and selling of branded bags from multiple victims on Feb 3.
The woman allegedly led the victims to believe that they could earn a 12% commission from performing transactions with the woman. The victims participated in the scheme and transferred funds to a bank account provided by the woman. After making the bank transfer, the victims purportedly did not receive the commission as promised. The victims later suspected that they had fallen victim to a scam and reported the matter to the Police.
Identification
Tanglin Police Division investigated the incident which established the identity of the 53-year-old woman and arrested her on 8 February 2022. A mobile phone was seized as a case exhibit.
Preliminary investigations revealed that the woman is believed to be involved in at least three cases of investment scams amounting to $24,100.
The woman was charged in court on 10 February 2022 with cheating under Section 420 of the Penal Code 1871.
If the woman is found guilty of cheating, the offence carries an imprisonment term of up to ten years and a fine..
If you have information related to such crimes or if you are in doubt, please call the Police Hotline at 1800-255-0000, or submit it online at www.police.gov.sg/iwitness. For more information on scams, members of the public can call the Anti-Scam Hotline at 1800-722-6688.