SINGAPORE - More than 330 people are being investigated for their alleged involvement in scams where victims purportedly lost more than $4 million, the police said in a statement on Saturday (Dec 19).
This follows a two-week islandwide enforcement operation conducted between Dec 5 and Dec 19 by officers from the Commercial Affairs Department and the seven police land divisions.
The 221 men and 115 women, aged between 15 and 76, are accused of being involved in 641 scams. These comprised mainly Internet love, e-commerce and investment scams, as well as fake gambling platform and loan scams.
The police are investigating the individuals for the offence of cheating or money laundering.
At a glance: cryptoassets for investment and financing in Singapore
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Two Women Arrested For Unauthorised Transactions Using Stolen Credit Cards
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Close to US$4 million (S$5.3 million) in illicit funds linked to a group that provided encrypted telecommunications devices and network services used by transnational organised criminal syndicates have been seized in Singapore.
A total of US$3,971,468.40 was seized from four bank accounts here by the Commercial Affairs Department (CAD) of the Singapore Police Force and US authorities, said the United States Department of Justice (DOJ) on Monday.
PHANTOM SECURE
The funds belonged to Phantom Secure, an encrypted telecommunications network used by transnational organised criminal syndicates. The amount has been repatriated to the US, according to announcements from the Attorney s Office for the Southern District of California.
NEW YORK: Lawyers for the former girlfriend of Jeffrey Epstein are urging a judge to free her to await trial under a USD 28.5 million bail package that would include armed guards to keep her in a New York City residence and protect her safety. The bail arguments on behalf of Ghislaine Maxwell were filed under seal last Tuesday, but were publicly filed late Monday with redactions in Manhattan federal court that were approved by Judge Alison J Nathan.
The lawyers said Maxwell and her spouse, with whom she has been living for the past four years, were offering a USD 22.5 million personal recognisance bond secured by about USD 8 million in property and USD 500,000 in cash. They said USD 22.5 million represents all of Maxwell and her spouse s assets.