Eight people arrested over separate Ponzi-like job scams

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A total of eight suspects have been arrested over two separate Ponzi-like job scams. In the first case, the police said on Sunday (March 20) that they have arrested five men, aged between 18 and 26, over job scams involving an entity known as E-commerce Affiliate Business...

In most cases, the victims would be convinced that it was a legitimate job as they would receive commissions and profits during the early stages of their memberships.

Investigations also found that four of the five arrested had disclosed their Singpass login details and their own bank accounts to unknown persons for easy money. This job scam portal said it specialised in providing marketing services for major e-commerce websites and claimed to have created 5,000 jobs in nine countries around the world.

After signing up for the free membership, the job seekers would be asked to top up their accounts on the platform with cryptocurrency in order to start performing the job to earn commissions. The three men who have been arrested are currently being investigated for facilitating the scam by advertising and recruiting potential job seekers as members.The police urged job seekers to be wary of online job advertisements that promise the convenience of working from home and being paid a high salary for relatively simple job responsibilities.

 

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