Man arrested for allegedly cheating woman of more than $92,500 in investment scam

SINGAPORE - A 51-year-old man has been arrested for allegedly cheating a woman of more than $92,500 in cash and jewellery in an investment scam, the police said on Friday .

He is expected to be charged on Saturday with cheating and if found guilty, could be jailed up to 10 years and fined.In its statement, the police also advised the public to be cautious of investments that boast high returns and to check all investment decisions with a licensed financial adviser.

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