Four Individuals to Face Charges in Money Laundering Scam Investigations

Four individuals, including two teenagers aged 17 and two men aged 19 and 21, are set to be charged in court on 8 March 2024 for their suspected involvement in money laundering activities related to various scams.

The scams include Job Scam, Friend Impersonation Scam, E-Commerce Scam, Investment Scam, and Phishing Scam.

Investigations revealed the specifics of their alleged involvement in money laundering cases:

In May 2023, the 19-year-old man is accused of conspiring to cheat banks by opening accounts for illicit purposes and disclosing his Internet banking credentials.
In October 2023, one of the 17-year-old teenagers allegedly disclosed his Singpass credentials for financial gain, leading to the opening of a bank account used for laundering proceeds from a phishing scam.
In November 2023, the 21-year-old man reportedly disclosed his Internet banking credentials for monetary reward, enabling the laundering of proceeds from job scams.
In January 2024, the other 17-year-old teenager is accused of conspiring to cheat a bank by opening an account and disclosing her Internet banking credentials for financial gain, facilitating the laundering of proceeds from various scams.

The charges range from conspiring to cheat banks to abetting unauthorized access to banking systems and unauthorized disclosure of access codes. These offences carry penalties including fines, imprisonment, or both.

The Police emphasize the seriousness of such offences and the consequences for individuals involved in scams. They urge the public to reject lucrative yet suspicious money-making opportunities involving Singpass or bank account usage. Individuals found linked to such crimes will be held accountable under the law.

*Credits: police.gov.sg

Comments

Malaysian Clerk Jailed for Donating Stolen $38K to Douyin Idols

A 20-year-old Malaysian woman was sentenced to four months’ jail on July 10, 2025, after dishonestly misappropriating more than S$38,000 from her employer, a local recycling firm. The funds were not used for debt repayment as she initially claimed, but instead were donated to Chinese livestreamers on Douyin, the Chinese version of TikTok. Chew Yu En pleaded guilty to one count of dishonest misappropriation as an employee under Singapore law. A second charge for falsifying payment voucher entries was taken into consideration. Chew started working at Sin Le Heng Recycling in June 2024 as a clerk, drawing a monthly salary of S$2,300. She relocated to Singapore from Malaysia on a work permit and lived with her boyfriend in a rented room. Her only close family connection in Singapore was her uncle, a permanent resident. At Sin Le Heng, Chew’s responsibilities included issuing payments to customers who brought in items for recycling. These payments were made from the company's petty ca...

HDB Fire in Holland Close Sends 2 Residents and 2 Firefighters to Hospital

On June 19, 2025, a residential fire broke out in a high-floor unit of Block 5, Holland Close, Singapore. The Singapore Civil Defence Force (SCDF) responded promptly to the emergency, which was reported at around 7:25pm. The fire originated from one of the bedrooms in a unit on the 23rd floor and resulted in four individuals being hospitalised. Firefighters from Alexandra Fire Station were dispatched to the scene and extinguished the fire using two water jets. Although the fire was contained within the bedroom, the rest of the flat sustained considerable damage from both heat and smoke. Two residents, who had already self-evacuated from the unit before SCDF’s arrival, were assessed on site and later conveyed to Singapore General Hospital (SGH) for treatment of smoke inhalation. During firefighting operations, two SCDF personnel experienced heat exhaustion. One was transported to SGH, while the other was taken to National University Hospital (NUH). Both firefighters were conscious...

HSA Recalls CuraLin Supplement Over Hidden Diabetes Drugs

The Health Sciences Authority (HSA) has issued a warning to the public not to consume CuraLin Advanced Glucose Support , a supplement marketed for blood sugar control, after it was found to contain undeclared prescription medicines. Tests conducted by HSA on two imported batches revealed the presence of glibenclamide and metformin—both potent antidiabetic drugs that should only be taken under medical supervision. The two affected batches, imported from the United States by LYC Nutrihealth (Singapore) Pte Ltd, are marked as Batch: 2023-19650 and Batch: 2023-19651, both with expiry dates in September 2026. Following these findings, HSA has ordered an immediate sales halt and product recall. The supplement was being sold through local e-commerce platforms including Shopee and Lazada, and claimed to support healthy glucose levels, increase energy, and aid in carbohydrate and fat metabolism. HSA has worked with online marketplace administrators to remove listings of the product. Howev...

LAKOPINEWS.COM

Search This Blog