SINGAPORE – Sixteen men and three women, all aged between 18 and 35, have been arrested for suspected involvement in Ponzi-like job scams with fake companies.
The Singapore Police Force conducted an islandwide anti-scam enforcement operation on Monday (Oct 11) and Tuesday after receiving several reports of WhatsApp messages, Facebook and Instagram posts as well as online advertisements promoting highly paid part-time jobs related to affiliate marketing.
In the scams, victims would be offered fake online jobs involving easy tasks such as following social media accounts and liking posts to boost viewership, said the police.
The victims were told that in order to earn a commission, they had to sign up for free membership accounts on certain websites and mobile applications.
After signing up, they would then be offered different membership packages, ranging in price from $10 to a few thousand dollars, with varying amounts of commission paid per task. They would be told to pay the fees via cryptocurrency or bank transfer to unknown individuals before they could start performing the job to earn a commission.
In most cases, the victims would be convinced that it was a legitimate job, as they would receive commissions during the early stages of their membership.
They would realise that they had been scammed only when they did not receive further commissions or were unable to make withdrawals from their member accounts.
Preliminary investigations revealed that the fake…