Man nabbed at Woodlands Checkpoint trying to leave S'pore after receiving $1.3m from woman in crypto scam
A 23-year-old man was arrested at Woodlands Checkpoint on June 20 for cheating.
The police were alerted at about 11.10am by a bank after a woman attempted to withdraw a large sum of money and the transaction was stopped.
Officers located the woman and discovered that she was a possible victim of a cryptocurrency investment scam.
Preliminary investigations revealed that she had withdrawn more than $300,000 from another bank branch before the police's intervention and purportedly handed over the money to the man in exchange for cryptocurrencies.
The woman had allegedly handed over more than $1.3 million to the man since May.
Through extensive investigations, officers from Central Police Division established the identity of the man and arrested him at Woodlands Checkpoint before he could leave Singapore.
A bank card allegedly belonging to another person and two handphones were found in his possession and seized.
The man was to be charged on June 21 with unauthorised access to computer material, which carries a fine of up to $5,000, imprisonment term of up to two years or both for first-time offenders.
For subsequent convictions, the penalty is a fine of up to $10,000, imprisonment not exceeding three years or both.
Investigations are ongoing.
See something interesting? Contribute your story to us.
Explore more on these topics
