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The Singapore Police Force (SPF) have arrested eight men for their suspected involvement in two separate series of Ponzi-like job scams.
The police said on Sunday, March 20 that the arrests were made during anti-scam enforcement operations conducted between March 8 and 18.
Men arrested
Five men, aged 18 to 26, were arrested between March 8 and 18.
Three other men, aged 26 to 30, were nabbed on March 17 and 18.
Investigations into both series of scams are ongoing.
First raid
The five men arrested in the first enforcement operation are suspected of carrying out Ponzi-like job scams involving an e-commerce affiliate business (EAB).
Another two men and seven women, aged between 18 and 72, are also being investigated for their suspected involvement in the job scams.
What this scam entailed
Between December 2021 and March 2022, the police received reports about victims receiving unsolicited WhatsApp messages and Facebook or Telegram posts with advertisements promoting highly paid part-time affiliate marketing related jobs.
The victims were required to complete easy tasks.
These involved making online purchases as part of the fake online jobs offered by the scammers.
The victims were then directed to recruit more members to upgrade their membership status.
If they did this, they can perform more job tasks and earn their commission.
Those who fell prey did so as they thought they were doing a legitimate…
