3 men to be charged with cheating company over false purchase of S$600,000 luxury watch

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3 men to be charged with cheating in S$600,000 luxury watch scam

The ruse was uncovered after the company made a police report about a suspicious transaction, when a man asked for a refund of the same sum to his debit card for the watch purchase.

Initial investigations found that sometime between June and July 2021, a man — with the help of two accomplices — purportedly deceived the payment company into transferring 14 payments to a supposed seller of the luxury watch. “Through follow-up investigations, officers from the Commercial Affairs Department established the identities of the men and arrested them on Sept 2, 2021,” the police said.

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