4 result(s) for “Money Mules”
A two week islandwide enforcement operation led by the Singapore Police Force has identified 280 suspected scammers and money mules tied to more than 633 scam cases with reported losses of about S$4.4 million, the force said on October 8, 2026.
Japanese authorities and Southeast Asian partners have moved against a transnational fraud network that used impersonation and social media to extract millions from victims in Japan, underscoring the growing sophistication of fake police and crypto investment scams aimed at older and middle aged victims.
Two Singaporean men were sentenced on Sept 30 for acting as money launderers for a Malaysian criminal syndicate that channelled scam proceeds through local bank and crypto accounts. Court documents show at least 40 Singapore bank accounts and more than 60 SIM cards and 40 mobile phones were linked to the operation, with transfers traced to more than S$1.2 million.
A 73 year old retired professor in Ahmedabad says he was coerced over days by callers posing as law enforcement into transferring Rs 16.18 lakh. The case underlines the growing use of video calls, forged documents and intimidation in so called digital arrest frauds across India.