Man held for online scam funds transfer

Man held for online scam funds transfer

Police have arrested a 23-year-old man who is suspected to have acted as a money mule in a series of online scams.

Police said on Tuesay that they had received numerous reports between April and June this year, from victims who had responded to advertisements posted on popular websites and ordered smartphones and tablets.

The buyers transferred money to a specified bank account but did not receive the goods. Police arrested the suspect in Jurong West.

His role was believed to have been to remit the money collected to an overseas bank account. For this he would earn a percentage of the money as commission.

The suspect will be charged in court tomorrow with dishonestly receiving stolen property and transferring the benefits of criminal conduct. He can be jailed and fined on both counts.


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