The Police are investigating against a 51-year-old man for his suspected involvement in a case of cheating.
On 19 March 2020, the Police received a report from a victim who claimed that she had been purportedly cheated by a scammer of more than $92,500 worth of cash and jewellery in an investment scam.
Through ground enquiries and with the aid of the images from CCTV, officers from Bedok Police Division established the identity of the man and arrested him on 20 March 2020. The man is believed to be involved in two other similar cases of cheating islandwide. Police investigations are ongoing. Cash amounting to more than $13,500 was seized.
The man will be charged in court on 21 March 2020 with cheating under Section 420 of the Penal Code, Chapter 224, which carries an imprisonment term which may extend to 10 years and shall a fine.
Members of the public are advised to adopt the following measures to minimise the likelihood of being a victim of scams:
· Be cautious of promise of high returns. Investments with high returns usually come with high risks. Always check with a licensed financial advisor before engaging in any investment.
· Do not provide name, identification number, passport details, contact details, bank account or credit card details to someone unfamiliar.
· Be careful when dealing with unregulated entities. Dealing with unregulated entities mean you have little recourse if things go wrong. If the entity is based outside of Singapore, check with the respective overseas authority if the entity is regulated.
· Before any commitment to an investment, always ask, check and confirm.
For more information on scams, members of the public can call the anti-scam helpline at 1800-722-6688 or go to www.scamalert.sg. Anyone with information on such scams may call the Police hotline at 1800-255 0000 or submit information online at www.police.gov.sg/iwitness.
SINGAPORE POLICE FORCE
20 March 2020 @ 7:25 PM