SIM cards in Yishun accident car exposes $200k telecoms fraud

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SIM cards in Yishun accident car exposes $200k telecoms fraud
PoliceFraudCheating
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Ten suspects linked to a conspiracy to commit telecommunications fraud are under probe after police found 125 SIM cards in a car that was involved in an accident in Yishun. The suspects – nine men and a woman aged between 22 and 71 – are believed to be involved in a...

Ten suspects linked to a conspiracy to commit telecommunications fraud are under probe after police found 125 SIM cards in a car that was involved in an accident in Yishun.

Further investigations uncovered a fraud scheme involving the forgery of business registration profiles, the statement said. The suspects would then sell the phones at a profit, retaining the SIM cards for other illicit purposes, said the statement.

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