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Singaporean scammer gains S$3.56 million from phony investments, freely transports huge cash in and out of SG

Muhamad Aidith Abdul Latiff is facing 26 counts of failing to declare cross-border movement of cash

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Singaporean Muhamad Aidith Abdul Latiff, 44 years old and the former director of a corporate training services company, allegedly scammed 29 people between February and August 2016 as he engaged them in fraudulent amounting to S$3.56 million. Aidith was charged in court on Aug. 22, 2019.

His “investment scheme” promised investors a 97% ROI and they were compelled to hand over to him cash from about S$1,000 to more than S$1.5 million each.

charges

Aidith is also charged of smuggling cash in and out of Singapore between S$30,000 and S$50,000 through the Woodlands and Tuas checkpoints between 2015 and March 2016. He is facing 26 counts of failing to declare cross-border movement of cash.

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If convicted, he can be jailed for up to 10 years and fined for each charge, unfortunately, Aidith is currently unrepresented and told the court he intends to find a lawyer to represent him.

He is now out on S$80,000 bail and will return to court on Sept. 12.

Reported scamming crimes in 2018

Last year, the total number of reported crimes increased by 1.4% or 33,134 cases, compared to the 32,668 cases committed in 2017.

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E-commerce, loan, credit-for-sex and China officials impersonation scams, “remain a concern”, with the total number of cases which increased by 20.6%.

Loan scams increased by 151%, from 396 cases in 2017 to 994 cases in 2018. The largest amount cheated in a single was nearly S$90,000.

The total amount cheated in e-commerce scams increased to about S$1.9 million in 2018 and the largest amount cheated in a single case was close to S$69,000.

Seventy per cent of the e-commerce scams took place on the online marketplace Carousell, police said, and involved electronic products and tickets to attractions like Universal Studios Singapore.

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According to Assistant Superintendent of Police (ASP) Esh Jegadeeshwaran Wadarajan, “Most think they are very smart,” in a CNA interview he added that many of these “smart” scammers would already expect to be caught eventually and are prepared. “They all have a story to tell … to make themselves appear as too.”Follow us on Media

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