Three Men Charged in Money Laundering Scam Linked to Job and Investment Scams

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Three Men Charged in Money Laundering Scam Linked to Job and Investment Scams
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Three men have been charged separately in court for their suspected involvement in money laundering activities related to job and investment scams. The men allegedly responded to online advertisements offering them money in exchange for sharing their personal banking credentials, which were then used to launder proceeds from various scams.

Three men were charged separately in court on April 4 for their suspected involvement in money laundering activities linked to various scams such as job and investment scams. One of them, a 28-year-old man, allegedly responded to an online job advertisement on Telegram which offered him $500 per month to open a crypto mining account and share his Singpass and bank account login credentials in November 2022.

He agreed and his bank accounts were subsequently used to launder proceeds from job and investment scams. In May 2023, another man, 29, allegedly responded to a fast cash offer on Telegram which offered him $600 for sharing his Internet banking credentials. He later disclosed his Internet banking credentials to an unknown person and his bank account was subsequently used to launder proceeds of crime from job scams

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