The Police have arrested a 53-year-old woman for her suspected involvement in a series of investment scams.
On 3 February 2022, the Police received reports from victims who were purportedly cheated by a woman in an investment scheme involving the buying and selling of branded bags, in which they were led to believe that they could earn 12% commission from it. The victims participated in the scheme and transferred funds to a bank account provided by the woman. After making the bank transfer, the victims purportedly did not receive the commission as promised. The victims later suspected that they had fallen victim to a scam and reported the matter to the Police.
Through investigations, officers from Tanglin Division established the identity of the 53-year-old woman and arrested her on 8 February 2022. A mobile phone was seized as case exhibit. Preliminary investigations revealed that the woman is believed to be involved in at least three cases of investment scams amounting to $24,100.
The woman will be charged in court on 10 February 2022 with cheating under Section 420 of the Penal Code 1871. The offence carries an imprisonment term of up to ten years and a fine.
The Police take a serious view against any person who is involved in scams and frauds, and perpetrators will be dealt with sternly in accordance with the law.
If you have information related to such crimes or if you are in doubt, please call the Police Hotline at 1800-255-0000, or submit it online at www.police.gov.sg/iwitness. For more information on scams, members of the public can visit www.scamalert.sg or call the Anti-Scam Hotline at 1800-722-6688.
SINGAPORE POLICE FORCE
09 February 2022 @ 9:45 PM