Woman Sentenced to 14 Months in Prison for Being 'Money Mule' in Fraudulent Activities

A recently released woman let other people use her Singpass details in exchange for annual returns of $60,000.

It was reported that the 34-year-old woman met a man named Alan on Telegram, who offered $60,000 a year in exchange for her Singpass information. And she accepted it.

Alan then used her information to register two shell companies named Froxify Trade and Frox Designz, along with associated bank accounts.

For opening a bank account related to Froxify Trade, Alan provided the defendant with information about the company's business to help her in an interview with the bank. But she could actually receive her payment without being involved in the company's operations.

After the account was opened, a total of three ill-gotten were received, and it did not take long for the funds to be squandered.

In September 2021, the bank account received nearly $4.8 million, all of which came from online scam.

In October 2021, a U.S. company's email system was attacked by a phishing scam, and the funds were transferred into Froxify Trade's bank account.

In another case, the defendant opened another bank account and allowed Alan to control it. As returns, Alan paid her $1,500.

In 2024, the 34-year-old woman was charged in court. On January 8 of this year, she was sentenced to 14 months in prison.