SINGAPORE: A 71-year-old man was charged on Friday (Aug 5) after Web love scam victims allegedly transferred money to his checking accounts.
The particular accused, Lai Chee Keong, was charged with money laundering.
A total of S$220, 000 has been involved, some of which had been found in his bank details, said the police within a news release on Fri.
Upon Sep 18, 2020, the police received a written report from an Internet enjoy victim who stated she was scammed into transferring S$4, 950 to a bank account after meeting somebody online.
Investigations revealed that the victim had befriended an unknown person on social media.
Within a month of having to know that person, the particular victim was promised a parcel shipping containing money plus jewellery.
The victim later on received messages from what appeared to be the delivery company to inform her that the parcel had arrived at traditions.
However , the victim had to pay out S$4, 950 so that her parcel would not be investigated for money laundering.
“The victim do as instructed plus transferred S$4, 950 to a nominated bank-account, which turned out to be the bank account belonging to the 71-year-old man, ” police said.
Subsequent investigations demonstrated that more than S$220, 000 from Internet love scams were involved, and allegedly transferred to seven bank accounts.
Five belonged to Lai, and one every to his wife and his friend.
If found guilty of acquiring, having, using, concealing or transferring benefits from legal conduct, Lai may be jailed up to 10 years, fined up to S$500, 000 or each.
All those found guilty of possessing or using property suspected to become benefits of criminal carry out and failing in order to account satisfactorily the way the person came with the property, face up to three years in jail, an excellent of up to S$150, 500 or both.
The offence of carrying on the business of giving payment service without having licence is punishable with imprisonment for up to three years, a fine of up to S$125, 000 or even both.