Government Officer Asks for Gold in Investigation? Singapore Police Warn Public About Impersonation Scams
On December 11, the Singapore Police Force (SPF) announced charges against two men aged 24 and 27 for their alleged involvement in multiple fraud cases where perpetrators impersonated government officials.
Police disclosed that on December 3, they received a report from a fraud victim. The victim stated she received a video call from someone wearing a police uniform, who claimed her personal information had been misused to purchase insurance. The caller then demanded cash and valuables under the pretext of "investigation."
Following the caller's instructions, the victim first handed over $7,000 in cash to an unknown individual. She was then instructed to purchase gold worth over $53,000 and deliver it to another stranger.
Following an investigation by Singapore's Anti-Fraud Command, police identified two suspects: a 47-year-old Malaysian man and a 24-year-old Singaporean man. Investigations revealed they were not only involved in this case but may also be linked to other similar cases in Singapore.
On December 10, the 47-year-old suspect was arrested while attempting to leave the country. The following day, the 24-year-old suspect was also apprehended. During the operation, police seized two mobile phones, a fake investment company staff pass, and $5,000 in cash.
Preliminary investigations indicate both men were instructed by unidentified individuals to collect cash and valuables from victims and deliver the proceeds to them. It is reported that the 47-year-old suspect used the fake staff pass to impersonate an employee.
BrokersView reminds you
In this case, the two men arrested by Singapore police are often referred to as ‘money mules’ in scams.
The existence of money mules makes it difficult for fraud victims to recover their funds and hampers investigators’ efforts to identify the masterminds behind the scams. While money mules face arrest, the originators of investment fraud remain at large.
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