The Singapore Police Force issued a statement on March 20 saying that the Commercial Affairs Department and seven major police stations launched a two-week island-wide law enforcement operation from March 7 to 20. 165 men and 76 women are currently assisting the police in investigations for being involved in fraud or acting as money mules. Their ages range from 16 to 75 years old.
The investigation showed that these 241 people were believed to be involved in more than 900 fraud cases, including job hunting, e-commerce, investment, impersonating government officials, rental fraud and impersonating friends, with a total amount of more than 8.2 million yuan involved . These suspects may face charges of fraud, money laundering or providing payment services without a license. If convicted of fraud, they may face up to 10 years in prison and a fine; if convicted of money laundering, they may face up to 10 years in prison, a fine of up to $ 500,000 , or both; if convicted of providing payment services without a license, they may face up to three years in prison, a fine of up to $ 125,000 , or both.