SINGAPORE – A two-week operation by the Commercial Affairs Department (CAD) and the police rounded up 236 men and 100 women allegedly involved in various scams.
In a press release on Saturday (Sept 25), the police said the operation was conducted between Sept 10 and 24.
The suspects were allegedly involved in more than 1,439 Internet love scams, e-commerce scams, government official impersonation scams and job scams.
They were aged between 12 and 74 years old and some were suspected money mules.
Their victims lost more than $13 million.
The police said the suspects are being investigated for cheating, money laundering or providing payment services without a licence.
The offence of cheating carries a jail term of up to 10 years and a fine.
Money laundering under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act carries a jail term of up to 10 years, a fine of up to $500,000, or both.
The offence of carrying on a business of providing any type of payment service in Singapore without a licence carries a fine of up to $125,000, jail for up to three years, or both.
Police figures showed that between January and June this year, victims had lost $168 million in total in the top 10 scam categories.
This is more than double the $63.5 million lost to scams during the same period last year.
For more information on scams, members of the public can visit this website or call the anti-scam hotline on 1800-722-6688.
Anyone with information…