On Friday (23 July) a 17-year-old man was charged under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act after he sold his bank account to scammers.
He was previously facing charges for allegedly working for loan sharks.
The account that was sold was used to store over SGD$260,000 of ill-gotten earnings by the scammers. In total, he sold 3 bank accounts to an unknown person online.
Evidence in court suggested that the teen “met” the unknown person on Telegram who offered him a fee for selling his bank accounts.
At the same time, there were ongoing scams that were reported to the Police and the amount was transacted using the teen’s account. The scam was related to investment in regards to trading online.
The Police said that “Preliminary investigations revealed that the teenager had allegedly opened and sold numerous bank accounts, with the knowledge that the bank accounts would be used for illicit gains”Â
Not the first time teen has broken the law
Previously charged for working for loan sharks, by splashing pain at units
two counts of theft – stole alcohol drink from super market
fighting in public at Blk 808 Yishun Ring Road in Feb 2021.