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Police arrest suspected serial conman involved in currency exchange scams

Published on Apr 24, 2014 11:40 PM

Police have arrested a 59-year-old man believed to be involved in several cases of currency exchange scams.

Last Sunday, police received a report regarding a cheating case involving a 60-year-old victim. Officers from the Clementi Police Division established the alleged conman's identity and arrested him at Geylang Lorong 8 on Wednesday.

Preliminary investigations revealed that the suspect is believed to be involved in at least two such cases of cheating where the victims were cheated of $4600 in total.

The suspect is believed to have identified his potential victims by browsing through the classifieds section in newspapers for contact details of property and sales agents. He would then contact them, pretending to be their ex-colleague or long-time friend.

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