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SINGAPORE \u2013 A 54-year-old man is slated to be charged on Oct 9 over his alleged involvement in an investment scam that offered loans to gamblers.<\/p>\n
He is also believed to be involved in other cheating cases in which victims lost more than $2.2 million, police said in a statement on Oct 8.<\/p>\n
Police said they received a report at about 4.50pm on July 25, 2025, stating that the man had introduced a victim to an investment scheme. In this scheme, loans would be offered to gamblers in need of money.<\/p>\n
She was assured of guaranteed returns regardless of the gambling outcomes, police said. The man then drafted an investment loan agreement and continued to solicit money from her.<\/p>\n
The victim handed money over to the man, believing that the agreement was legitimate.<\/p>\n
She realised that she had been scammed when she did not receive any returns and the man became uncontactable.<\/p>\n
The police later identified the man and found his alleged involvement in other cheating cases involving a similar modus operandi.<\/p>\n
The man is slated to be charged on Oct 9 with cheating. If found guilty, he may be jailed for up to 10 years, fined, or both.<\/p>\n<\/div>\n
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SINGAPORE \u2013 A 54-year-old man is slated to be charged on Oct 9 over his alleged involvement in an investment scam that offered loans to…<\/p>\n","protected":false},"author":1,"featured_media":91352,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-91481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/91481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91481"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/91481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/91352"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}