According to the Singapore Police Force (SPF), 261 individuals were investigated for their suspected involvement in cheating which causes the victims over $3 million in losses.
On 12 Sep 2020, 163 men and 98 women were arrested and they are currently assisting the police in their investigations. These suspects have allegedly conducted 544 scams including internet love, e-commerces and loan scams.
According to the law, anyone convicted of cheating could face a maximum penalty of 10 years imprisonment and a fine. Anyone convicted of money laundering could face a maximum penalty of 10 years imprisonment and a fine up to $500,000.
The police urged the public not to lend others their bank accounts and phone lines, as they might be charged as an accomplice if they are used for illegal transactions.