A teenager has been arrested by the Police for his suspected involvement in a series of cheating cases.
Victims lost more than S$250,000
According to a press release issued by the Singapore Police Force (SPF), police reports were made about an alleged investment scam related to several bank accounts. Victims purportedly lost more than S$250,000.
The multiple police reports were first made between May and August 2020.
SPF said the victims had befriended unknown persons online, who purportedly introduced them to invest via online trading platforms.
The victims then received instructions to deposit their monies into specific bank accounts in order to make investments on the platforms.
It was only after depositing their monies did the victims realise the invested monies were lost or unable to be withdrawn.
Arrested on July 21
Through follow-up investigations, officers…