Jail for investment scammer who cheated 4 victims of more than $1.1 million

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He intends to appeal against his sentence and was offered bail of $80,000. Read more at straitstimes.com.

SINGAPORE - A serial investment scammer was an introducing broker with a forex brokerage between 2013 and 2015 when he cheated four people of $1,128,000.

Users may register trading accounts on its website and use them to place currency trades. They can also allow traders to use their accounts to place trades and make trading decisions on their behalf. A dummy account also has the same appearance as a real trading account, such that a user of the platform would not be able to distinguish it from a real trading one.

 

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