Scam victim handed over $75k for 'investment', man was paid $30 to $50 per cash collection
A 24-year-old man will be charged for his suspected involvement in money laundering and scam-related offences.
Police said they received a report on Oct 11, about an investment scam involving a fraudulent online trading platform.
The victim was allegedly deceived by scammers who introduced her to a fake investment opportunity through WhatsApp and was guided to create a trading account on a bogus website. She later handed over a total of $75,000 in cash in three separate transactions to unknown persons.
Through ground enquiries and police camera footage, officers from Bedok Police Division established the identity of the man and arrested him on Oct 30.
Preliminary investigations revealed that the man had also been recruited via Telegram to collect cash on three occasions and hand it over to unknown individuals. He was allegedly paid between $30 and $50 for each collection task and is believed to have provided his banking credentials to another person.
The man will be charged in court on Oct 31 with multiple offences, including assisting to retain benefits from criminal conduct, cheating, unauthorised access to computer material, and acquiring benefits from criminal conduct.
If found guilty, he could face up to 10 years in jail and a fine of up to $500,000 for each money-laundering-related charge.
The police said they take a serious stance against those involved in scams and reminded the public not to hand over money or valuables to strangers.
