Four arrested over $55,000 goldshop pawn scam
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Yuen Sin
SINGAPORE - Three men and a woman have been arrested on suspicion of involvement in a series of cheating cases involving the pawning of fake gold jewellery.
The suspects, aged 21 to 55, are believed to have made off with about $55,000 in at least 22 instances of cheating since last month.
All four were nabbed on Monday in Eunos, Outram and Jurong.
Preliminary investigations show that a 33-year-old man had produced the fake jewellery at home by substituting some parts that had real gold using improvised tools.
The fake gold jewellery was then pawned as genuine.
He is also believed to have advertised the fake gold jewellery online and sold it to others.
The four suspects will be charged in court next Wednesday for cheating, an offence which carries a maximum jail term of up to 10 years.
Police advised pawnshop owners to be vigilant.