Last year on 14 August 2020, a victim made a police report regarding a scam by a 55 years-old man she met online. She was introduced by the man to register an account in an online investment platform.
A bank transfer of more than $74,000 asked to be made last year during the start of August to a bank account for the investment.
After the investment money was made, the man blocked her account and became uncontactable.
The police from Bedok Police Division then did some investigation and identified the man who is the alleged owner of that bank account and caught him on 14 September 2020.
Other than this bank account where he received the $74,000 from the victim, he also used his 2 other accounts to provide money-laundering services. A total of more than $700,000 were received through the services.
He will be charged in court on Monday 22 February 2021. If found guilty, a jail term of up to 10 years, up to $5000,000 fined or both will be waiting for him.