The Singapore Police said that 5 men and a woman were arrested as part of an anti-scam enforcement operation conducted, they are between the ages of 19 and 32.
The Commercial Affairs Department are also investigating 5 other men between the ages of 20 and 24 for allegedly perpetrating the scams.
Misusing Singpass
The police observed that Singpass credentials were fraudulently obtained and being used by scam syndicates to open multiple bank accounts online.
The bank accounts were then uses to receive money from their scam victims through jobs scams, investment scams and government officials impersonation scams.
Eleven people had allegedly sold their bank accounts to the scam syndicates for as much as $1,200, as well as renting their bank accounts to them and helping them perform bank transfers and withdrawals in exchange for money.
Images source: Singapore Police