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Man admits cheating 62 people of more than $500k in investment scams

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SINGAPORE - A freelance IT consultant cheated 62 people of more than $500,000 through a series of investment scams, as he needed cash to fund his gambling habit.. Read more at straitstimes.com.

SINGAPORE - A freelance IT consultant cheated 62 people of more than $500,000 through a series of investment scams, as he needed cash to fund his gambling habit.

Each cheating charge involved between $200 and $40,000. Some of his victims, which included his friends, were cheated multiple times. He then used his personal Facebook account to create various posts for non-existent investment schemes which purported to offer attractive guaranteed rates of return. The court heard that many unsuspecting victims then approached Ker on Facebook or called his mobile phone, as they were interested in investing.For instance, he told some of them that their cash would be used for investments in an educational institution.

 

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Man cheated S$500,000 from 62 people through Facebook investment scamsSINGAPORE — To feed his gambling habit, Alvin Ker Jia Jun came up with a series of fake investment schemes using his personal Facebook account.
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