Singapore: 27-Year-Old Man Faces Charges for Alleged Involvement in Money Mule Scheme
The Singapore Police Force (SPF) said that they received a report from a victim on June 24 that she was allegedly deceived into handing over S$90,000 in cash to unknown persons over two separate occasions in an online cryptocurrency investment scam.
On Thursday, July 10, the SPF said, "The money was purportedly meant for topping up her online investment account, which was later discovered to be fake."
The officers from Ang Mo Kio Police Division conducted an operation through follow-up investigations and arrested the man while he was allegedly attempting to collect additional funds from the victim.
"Preliminary investigations revealed that the man had allegedly collected S$5,000 from another victim in a similar scam. The man had reportedly used two S$2 notes with specific serial numbers, which matched photographs sent via online messaging platforms to the victims, as a means of identification. Cash amounting to S$5,000 and the two S$2 notes were seized as case exhibits," added the authority.
The man will be charged in court on Thursday with possession of property suspected to be benefits from criminal conduct and attempted possession of property. The offences carry a fine not exceeding S$150,000, an imprisonment term not exceeding three years, or both.
Anyone suspected of engaging in money mule activities is taken seriously by the Singapore police.
The SPF warned the public that they should turn down seemingly alluring money-making opportunities that promise quick and simple payouts for collecting money, using their bank accounts or Singpass accounts, or allowing their personal bank accounts to be used to receive and send money on behalf of others in order to avoid becoming complicit in these crimes.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
International Business Times
2 days ago
- International Business Times
Singapore: Two Men Arrested for Series of Loan Shark Harassment Cases Within 10 Hours
Two men, aged 27 and 29, were arrested for their suspected involvement in a series of loan shark harassment cases. The Singapore Police Force (SPF) said that they were notified about a series of loan shark harassment cases island-wide, "where the main gates and doors of several residential units were splashed with red or blue paint and debtor's notes were left behind." "Through follow-up investigations and with the aid of images from Police cameras, officers from Bedok Police Division and Police Operations Command Centre established the identities of the duo and arrested them within ten hours of the report," SPF said. The agency added, "Preliminary investigations revealed that the two men are believed to be involved in at least eight similar cases of loan shark harassment." The duo will be charged in court on Saturday, July 26, under the Moneylenders Act 2008. Loan shark harassment is punishable by a fine of S$5,000 to S$50,000, up to five years in jail, and up to six canings for first-time offenders. Loan shark harassment is not tolerated by the police. Anyone who willfully damages property, annoys others, or interferes with public safety, peace, or security will face harsh legal consequences. It is recommended that the general public avoid loan sharks and refrain from collaborating or helping them in any manner. If the public suspects or knows someone who may be engaged in loansharking, they can contact the police at 999.
Independent Singapore
2 days ago
- Independent Singapore
1,300 names and addresses leaked from traffic police records after ransomware attack; SPF, CSA say no signs of further data exposed
Photo: Depositphotos/monsit SINGAPORE: About 1,300 names and addresses believed to be from traffic police records were leaked online on July 18, though there is 'no indication' that any other information was published, the Singapore Police Force (SPF) and Cyber Security Agency of Singapore (CSA) said on Thursday (July 24). In a joint statement, the agencies said the incident was the result of a ransomware attack on printing vendor Toppan Next Tech Pte Ltd (TNT), first reported on April 6, 2025. The traffic violation information provided by the police to TNT for printing and bulk mailing purposes included names, addresses, NRIC numbers, and details of the offences. The names and addresses are believed to have been leaked at the time. 'Police will be notifying affected persons individually as a matter of priority,' the statement said. As a precautionary measure, SPF and CSA advised those affected to remain vigilant by monitoring their personal accounts for any suspicious activity, including potential phishing attempts or unusual communications. They added that any such activity should be reported immediately to 1800-255-0000 or via . The agencies also said that the traffic police's systems were not breached and that they are working with TNT to strengthen their cybersecurity measures. /TISG Read also: Fraud and scams driven by generative AI are now among the biggest cyber threats in the financial sector Featured image by Depositphotos (for illustration purposes only) () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
AsiaOne
2 days ago
- AsiaOne
Woman, 64, prevented from being scammed out of $300k by OCBC and police, Singapore News
OCBC and the Singapore Police Force's Anti-Scam Centre (ASC) prevented a woman from being scammed out of $300,000. A police news release stated that the incident took place last month, when the 64-year-old attempted to withdraw the funds from her account at OCBC Centre branch at Chulia Street "and provided inconsistent versions of withdrawal when queried by the attending bank staff". Staff suspected that the woman had fallen victim to a scam when they noticed that she was seemingly receiving instructions on her phone, and escalated the case to the ASC. The police unit managed to convince her at the bank that she had fallen prey to a government official impersonation scam. She had been contacted by someone alleging to work for the Singapore Credit Bureau the previous day, notifying her that three bank loans had been approved under her name. When she denied applying for loans, she was transferred to a "police officer" who claimed that she was a suspect in a money laundering case under investigation. "The victim was under the impression that she was assisting with police investigations, and complied with the caller's instructions to transfer funds from her bank accounts as part of the investigation," the release added. Despite the transfer of $300,000 being thwarted by OCBC and the ASC, the woman had already made five separate transactions from multiple banks over the two days, incurring a $475,000 loss. Members of the public can visit or call the ScamShield helpline at 1799 for more information on scams. [[nid:720562]] drimac@
