Youth cheated friends of over $330k in investment scam to buy items for online games

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SINGAPORE - A youth on Tuesday (Aug 16) admitted to cheating seven of his friends of more than $330,000 in an investment scam, using the money instead to buy items used in online games and for online gambling. Read more at straitstimes.com.

SINGAPORE - A youth on Tuesday admitted to cheating seven of his friends of more than $330,000 in an investment scam, using the money instead to buy items used in online games and for online gambling.

He claimed that he had made money trading Bitcoin, and even guaranteed them fixed returns if they invested through him. The youth, who cannot be named as he was under 18 years of age when he committed the crimes, pleaded guilty on Tuesday to three counts of cheating three people.Probation and reformative training reports were called for and he is scheduled to return to court on Aug 23.

The victims all filed police reports when they did not receive the promised returns on their purported investments.

 

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Because they dont know how to game right and stay scam free when report scam, abuse is already a feature in many gaming platforms.. school never teach them..

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