19 people arrested for suspected involvement in Ponzi-like job scams

SINGAPORE: A complete of 19 people had been arrested for their suspected involvement in Ponzi-like job scams, after some victims had been instructed to pay membership charges in order to earn commissions for on-line jobs.

In a information launch on Wednesday (Oct 13), the police mentioned 16 males and three girls, aged between 18 and 35, had been arrested throughout an islandwide operation on Oct 11 and Oct 12. 

Preliminary investigations revealed that bogus corporations had been believed “to be working Ponzi-like schemes the place the brand new job seekers’ cash (had been) used to pay the promised commissions to current job holders”, the police mentioned. 

The 19 people had been believed to have facilitated the schemes by opening company and private financial institution accounts, promoting and recruiting potential part-time job seekers, in addition to fraudulently registering and supplying cell phone traces. 

“Some of them additionally allegedly rented out or offered their financial institution accounts to the scammers,” mentioned the police. 

Police investigations are ongoing, they added. 


Between Oct 8 and Oct 10, the police acquired a number of studies the place victims acquired unsolicited textual content messages, WhatsApp messages, Facebook or Instagram posts, or had come throughout commercials on-line selling extremely paid part-time internet affiliate marketing associated jobs. 

The scammers would provide faux on-line jobs that required the victims to finish straightforward duties, equivalent to following social media accounts and liking social media posts to spice up their viewership. 


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