Woman arrested for allegedly cheating $50k from multiple victims

SINGAPORE - A woman suspected of multiple cases of cheating worth $50,000 has been arrested.

Police said on Saturday (May 4) that they received numerous reports of cheating between April 27 and May 1.

In these cases, the 31-year-old woman would ask for loans from her victims, promising them an interest of between $200 and $300 every 15 days.

She would then fail to deliver the interest and become uncontactable after she had received the money.

Police said she cheated a total of $50,000.

Officers from the Central Police Division established her identity and arrested her on Thursday.

Those found guilty of cheating may be jailed for up to 10 years and fined, police said.