The Singapore Police Force is investigating 434 individuals for their suspected involvement in scams that have resulted in victims losing over S$10.8 million. The suspects, aged 15 to 82, are believed to have participated in more than 886 cases, including loan, e-commerce, job, internet love, investment, and impersonation of government officials.
Scams
The suspects face charges of cheating, money laundering, or operating a payment service without a license. The offense of cheating carries a jail term of up to 10 years and a fine. Money laundering can result in a jail term of up to 10 years, a fine of up to S$500,000, or both.
The police are taking a serious stance against scams and have warned the public to avoid being accomplices to such crimes.
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