SINGAPORE: In order to commit a money exchange scam, a man used his friend's S$25,000 meant for bitcoin investment and roped in other friends to cheat a woman of 400,000 yuan .
The court heard that Poh hatched a plot with his friend Wang Yu Chi sometime around October 2020 to scam others through a fake money exchange service. On Oct 21, 2020, two of Poh's friends who agreed to take part in the scam went to meet the victim in Claymore Road. The victim was with her husband and counted the prop money of S$150,000 the scammers brought with them.
He lied to the police repeatedly that he had lost his phone. He later changed his lie by saying he had given the phone to his girlfriend, and police officers performed a futile search in her room. Poh told Tay that Wang had been falsely implicated in a pending investigation. Tay told him that he would get in trouble if he was caught performing an unauthorised screening, but Poh kept asking him to do it.
Sometime in September 2020, Poh told Tay he had a profitable opportunity in Bitcoin and promised him profits.
Super misleading title, crime no link to Bitcoin at all… pure click bait