Police probe 329 suspected scammers, money mules linked to alleged loss of over $9.4m

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Police probe 329 suspected scammers, money mules linked to alleged loss of over $9.4m
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236 men and 93 women, aged between 17 and 70, were arrested during a two-week raid. Read more at straitstimes.com.

SINGAPORE – More than 300 suspected scammers and money mules were rounded up during a two-week raid for their alleged involvement in over 1,300 scam cases in which victims reportedly lost more than $9.4 million.

The suspects are currently assisting in police investigations into their alleged involvement in scams such as those involving e-commerce, Internet love, property rental, investment, jobs, and government official impersonation. The offence of cheating carries a jail term of up to 10 years and a fine, while money laundering carries a jail term of up to 10 years, a fine of up to $500,000, or both.

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