SINGAPORE - An Indian-origin scammer was sentenced to eight years in prison on Thursday for defrauding six people of more than SGD2.85 million (USD 2.10 million).
Muraleedharan Muhundan, 47, defrauded his victims through "fees", "commissions" and other fictitious payments after claiming he could help them get their money back, The Straits Times newspaper reports .
The victims had already suffered losses in earlier investments.
The Singaporean, who committed the crimes between June 2020 and October 2022, pleaded guilty on April 5 to 18 counts of fraud worth more than SGD million (USD 7,37,036).
Another 40 similar charges involving the remaining amount were considered during sentencing.
In previous proceedings, the prosecution said Muraleedharan had earned the trust of his victims, who were aged between 57 and 77 years.
His first victim was a 77-year-old female retiree who lost money in the failed Round Crown timeshare investment scheme.
The court heard he had also defrauded five more people before he was charged to court in May 2022.
For each case of fraud, an offender can face up to 10 years in jail and a fine.
Muraleedharan Muhundan, 47, defrauded his victims through "fees", "commissions" and other fictitious payments after claiming he could help them get their money back, The Straits Times newspaper reports .
The victims had already suffered losses in earlier investments.
The Singaporean, who committed the crimes between June 2020 and October 2022, pleaded guilty on April 5 to 18 counts of fraud worth more than SGD million (USD 7,37,036).
Another 40 similar charges involving the remaining amount were considered during sentencing.
In previous proceedings, the prosecution said Muraleedharan had earned the trust of his victims, who were aged between 57 and 77 years.
His first victim was a 77-year-old female retiree who lost money in the failed Round Crown timeshare investment scheme.
The court heard he had also defrauded five more people before he was charged to court in May 2022.
For each case of fraud, an offender can face up to 10 years in jail and a fine.