Three men suspected of carrying out scams have been arrested following a two-day island-wide operation that ended on Wednesday. The suspects are aged between 20 and 50 years old, the police said in a statement on Friday. The police also seized $189,000 in scam...
Three men suspected of carrying out scams have been arrested following a two-day island-wide operation that ended on Wednesday.The police also seized $189,000 in scam proceeds and rounded up another 15 men and seven women, aged between 26 and 65, to assist in investigations.
Preliminary investigations showed that those assisting in investigations had allegedly sold their bank accounts to scammers, or revealed their Singpass details to scam syndicates to create new bank accounts. They allegedly received as much as $700 for each bank account sold. Some are also believed to have rented their bank accounts to scammers or assisted them with bank transfers and withdrawals.
The police said they noticed in March that Singpass credentials were being misused to open corporate bank accounts online. Investigations indicated that scam syndicates were using these accounts as conduits to receive funds from victims of investment and jobs scams.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three Israeli soldiers, Egyptian officer killed in border gunfire incidentJERUSALEM/CAIRO: Three Israeli soldiers and an Egyptian security officer were killed near the countries' border on Saturday (Jun 3), Israel and Egypt said, in a rare incident that the countries are investigating jointly. The Israeli military said an Egyptian policeman shot and killed two soldiers while the
Read more »
Tech shares see biggest ever weekly inflow on AI boom-BofALONDON : Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by a surge in investor interest in artificial intelligence, according to BofA Global Research released on Friday.Tech stocks saw $8.5 billion of inflows in the week to Wednesday, the most on record
Read more »
Two more Oath Keepers members receive sentences for sedition in Jan 6 Capitol caseThey received terms of three years and three and a half years respectively. Read more at straitstimes.com.
Read more »
Christopher Nolan’s Oppenheimer receives R-rating in the US — director’s first since 2002’s InsomniaOppenheimer is also Nolan's longest movie to date: it clocks in at almost three hours.
Read more »
SentinelOne's disappointing forecast slams sharesCybersecurity firm SentinelOne Inc was set to shed over a third of its market value on Friday after a tough economy and stiff competition slammed its quarterly earnings and forecast.Shares of the company sank 37 per cent before the bell on Friday and were set to open at their lowest level in about six mon
Read more »