CNA·3 min read·medium
Syndicate linked to S$51 million in scam losses sold chat accounts to criminals; financier jailed
L
Lydia Lam
✦AI Summary
A Singaporean man was sentenced to four years in prison for financing a syndicate that sold chat accounts to criminals. The syndicate used thousands of SIM cards to facilitate scams that resulted in S$51 million in losses for victims.
The syndicate began with one SMS modem and expanded with multiple members, with the group shifting into an empty office space where it stored its 27 SMS modems and 24,000 SIM cards.
technologybusinesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in