Reformative training for SG youth who cheated friends of more than S$330,000


He told his friends that he had made money trading in Bitcoin, a cryptocurrency, and even guaranteed them fixed returns if they invested through him. In reality, he planned to buy items in online games such as Counter-Strike: Global Offensive and sell them for a profit. — Image by kjpargeter on Freepik

SINGAPORE: A youth cheated seven of his friends of more than S$330,000 in an investment scam, claiming that he would help them invest in the foreign exchange and cryptocurrency markets.

He started cheating his victims when he was just 16 years old and spent their money on things such as online game items instead of investing it.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Scam

   

Next In Tech News

Apple is trying to sell loyal iPhone users on AI tools. Here's what Apple Intelligence can do
Looking for new activities? Google wants you to turn to its navigation app
Will LinkedIn's AI HR assistant select the right candidates?
Staring at gadgets while in bed? You may get cross-eyed, warn experts
Voting rights groups worry AI models are generating inaccurate and misleading responses in Spanish
Nvidia to take Intel's spot on Dow Jones Industrial Average
U.S. regulators raise questions about siting data centers at power plants
Exclusive-Walt Disney forms business unit to coordinate use of AI, augmented reality
Crypto ETFs see big inflows ahead of U.S. election, traders brace for volatility
Apple to invest up to $1.5 billion in Globalstar for satellite coverage expansion

Others Also Read