CEO duped in US$36 million business email scam as Singapore, 9 jurisdictions conduct major crackdown
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Operation Frontier+ III resulted in the arrest of 3,018 people and the seizure of more than US$161 million in illicit funds. SINGAPORE: The CEO of a Singapore-based company was tricked into authorising a US$36.3 million (S$46.5 million) transfer after scammers impersonated his firm’s chairman, police said on Wednesday (May 20), in one of the cases uncovered during a two-month international crackdown on transnational scams. The case was part of Operation Frontier+ III, a coordinated anti-scam
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