SINGAPORE: More than 300 suspected scammers and money mules are being investigated following a two- week operation, said the police on Thursday ( Apr 25 ).  ,
The 214 people and 95 people are aged between 16 and 75.  ,
The 309 people are believed to be involved in more than 1, 600 , 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 , 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 , face up to 10 times ‘ prison and a good. The crime of , 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 , providing pay companies without a licence, criminals face , a fine of up to S$ 125, 000, a prison term of up to three years, or both.