Singapore: 404 linked to scams held - Fraudsters and account mules arrested in major operation


THE police are investigating 404 suspected scammers and money mules believed to be involved in more than 1,000 cases of scams, with victims losing more than S$13mil (RM40.3mil) in total.

The cases included Internet love scams, e-commerce scams, government or China official impersonation scams, investment scams, job scams, credit-for-sex and loan scams, said the Singapore Police Force yesterday.

The 283 men and 121 women, aged between 15 and 72, were rounded up in a two-week operation by officers from the Commercial Affairs Department and seven police land divisions between Nov 19 and Thursday.

The 404 are assisting in investigations into cheating, money laundering or providing payment services without a licence.

Those found guilty of cheating may be jailed for up to 10 years and fined. Those convicted of money laundering may be jailed for up to 10 years, fined up to S$500,000 (RM1.55mil), or both.

If found guilty of providing payment services without a licence, an offender may be fined up to S$125,000 (RM387,500), jailed for up to three years, or both.

The police take a serious stance against any person who may be involved in scams, and perpetrators will be dealt with in accordance with the law.

To avoid being an accomplice, the police advise members of the public to always reject requests by others to use their bank accounts or mobile lines, as they will be held accountable if these are linked to crime. — The Straits Times/ANN
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