News Formal

Man arrested for allegedly cheating victims of at least $282,000 in investment scams

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

SINGAPORE - A 49-year-old man has been arrested for his suspected involvement in a series of investment scams in which victims were cheated of at least $282,000, the police said in a statement on Wednesday (Oct 23).. Read more at straitstimes.com.

SINGAPORE - A 49-year-old man has been arrested for his suspected involvement in a series of investment scams in which victims were cheated of at least $282,000, the police said in a statement on Wednesday .

Between June and October this year, the police received several reports from victims purportedly cheated by a scammer who promised returns for their investments in a business venture or the sale of a business franchise.However, the scammer was unable to provide the promised returns.The man is expected to be charged in court on Thursday with cheating. He can be fined and jailed for up to 10 years.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fidelity drops Ken Fisher's investment firm over commentsA Fidelity Investments spokesman said on Monday it has dropped Fisher Investments as a money manager over allegedly sexist comments the firm's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »