Police probe over 300 suspected scammers and money mules; more than S$9 million lost

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SINGAPORE: More than 300 suspected scammers and money mules are being investigated following a two- week operation, said the police on Thursday ( Apr 25 ). &nbsp,

The 214 people and 95 people are aged between 16 and 75. &nbsp,

The 309 people are believed to be involved in more than 1, 600&nbsp, cases of scams, comprising generally purchase scams, online like scams, career scams, friend impersonation scams, and e- commerce scams.

Victims of these scams reportedly lost over&nbsp, S$ 9 million ( US$ 6.6 million ), said the police.

The defendants are facing charges of cheating, money fraud, or providing transaction companies without a license.

Those convicted of cheating&nbsp, face up to 10 times ‘ prison and a good. The crime of&nbsp, cash fraud carries a sentence of up to 10 years ‘ prison, a fine of up to S$ 500, 000, or both.

If found criminal of&nbsp, providing pay companies without a licence, criminals face&nbsp, a fine of up to S$ 125, 000, a prison term of up to three years, or both.