230 suspects rounded up by police for roles in 713 scam cases; $9m lost by victims
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A total of 230 suspects believed to have been involved in scams as scammers or money mules were rounded up in a police dragnet between June 18 and July 1.The suspects — 159 men and 71 women — are aged between 16 and 77.They are believed to have been invol230 suspects rounded up by police for roles in 713 scam cases; $9m lost by victims
A total of 230 suspects believed to have been involved in scams as scammers or money mules were rounded up in a police dragnet between June 18 and July 1.The suspects — 159 men and 71 women — are aged between 16 and 77.They are believed to have been involved in more than 713 scam cases, with victims losing around $9 million.The cases comprised mainly e-commerce scams, friend impersonation scams, job scams, government official impersonation scams, investment scams and rental scams, said the police in a media release on Tuesday (July 2).The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.The two-week police operation was conducted by the police's Commercial Affairs Department and all seven land divisions.The offence of cheating is punishable by up to 10 years' jail and a fine.Money laundering carries a penalty of up to 10 years' imprisonment and/or a fine of up to $500,000.Carrying on a business to provide any type of payment service without a license is punishable by a fine of up to $125,000 and/or up to three years' jail. Read more














