Recently, Myanmar has been deeply involved in the whirlpool of public opinion due to "electronic fraud". Indeed, the fraud gangs entrenched in parts of northern Myanmar and Myawaddy in eastern Myanmar have caused many people to lose huge amounts of property and have their families broken up. There are reports that telecommunications fraud is an industry with lower risks than drug production and sales, but higher profits than drug production and sales. So how rich are those hateful scammers? Today, we focus on the leader of electronic fraud.

The leader of Myanmar’s telecom fraud hid in Singapore, used money to clear the way, and laundered money like crazy

The Singapore police recently arrested 10 suspects suspected of money laundering, fraud and online gambling crimes, involving a total amount of up to S$5 billion, and seized 105 properties, 50 luxury cars such as Rolls-Royce and Bentley, 250 luxury bags and watches, More than 270 pieces of jewelry and 11 virtual asset information files, etc... And this is not all of this money laundering case! In this jaw-dropping money laundering case, the persons involved were actually the leaders of a fraud gang who fled to Singapore from Myanmar.

我们都知道，新加坡一向以治安、教育、医疗体系良好而闻名全球。所以，那些靠吃“人血馒头”赚得盆满钵满的电诈头目，因缅甸国内治安欠佳、教育体系不健全等，选择前往新加坡过好日子，还能让子女接受优等教育。而这些电诈头目在新加坡的奢靡生活，更是震惊不少人。上百套豪宅房产、名表豪车···只有你想不到，没有他们用钱买不到的。

It is understood that the most important thing for these electronic fraud leaders who have accumulated huge wealth through electronic fraud is money. Therefore, in order to gain a foothold in Singapore, they frantically spent money to build a way and lived a life of extravagance.

According to Singapore media reports, these electronic fraud leaders invested in nightclubs, restaurants, real estate, and companies in Singapore. They even used money to win people's hearts and do business in Singapore in the name of local people, and they themselves became the financial backers behind the scenes.

Stacks of cash seized

In addition, these electronic fraud leaders try their best to convert illegal income into legal income. For example, "black money" is placed in overseas banks with relatively loose controls, and then transferred to bank accounts in more than a dozen countries through electronic transfers, and finally the money is remitted to Singapore. Once the money enters a bank in Singapore, it is basically considered clean.

In order to launder money, they even resort to more subtle methods - using cryptocurrency to launder money.

A person familiar with the matter said that these fraud leaders will use black money to first purchase large amounts of mainstream cryptocurrencies such as Bitcoin and Ethereum on mainstream exchanges, and then deposit them in personal accounts on the exchanges. Then fly to Singapore, exchange Bitcoin for USDT through the exchange, and then ship through C2C. The whole process only takes a few minutes to get paid.

There are also some ringleaders of electronic fraud who use companies set up in Singapore to make false accounts and launder money frantically.

The fraud leader became a philanthropist, not only donating money but also building a luxury villa in his hometown

Not only do they launder money, they also launder themselves. These scammers, whose hands are stained with blood, have started philanthropic activities in Singapore. According to reports, these electronic fraud leaders have actively made several donations to the local area. At the same time, in order to gain a foothold in the local area, he actively participated in fundraising projects for various clubs and sports projects, in order to expand his contacts in Singapore and clear his identity.

According to Singapore media reports, not long after the Spring Festival this year, a mysterious man said that he knew he had sinned deeply and wanted to donate 100 million Singapore dollars (approximately more than 50 million yuan) to build a new temple. He wanted to give back to society in this way, make up for the crimes he had committed, and find peace of mind. However, since the man refused to disclose his identity, the donation plan was rejected by the temple. However, many people speculate that this should be one of the Myanmar telecom fraud leaders who fled to Singapore.

Not only that, these electronic fraud leaders are even more luxurious in their hometown, and they also want to "leave their names in history." Some of these electronic fraud leaders have built quite luxurious villas in their hometowns. It is several stories high, costing tens of millions of yuan, and the interior decoration is very luxurious. There are also people who donate money to build roads and repair ancestral halls in their hometowns, hoping to "leave their name in history."

The fraud leader is extravagant, with countless luxury properties, luxury cars and watches

To be on the safe side, the scammers will convert the money into assets, such as luxury homes, luxury cars, watches, and bags, etc., or even put the assets in other people's names. These scammers are extravagant and do not regard money as money at all. When they see something they like, they just take out cash and buy it. In order to make it easier to spend money, they even asked their entourage to bring several large bags of cash, including luxury watches, luxury cars and even luxury houses. They all directly used cash for transactions and paid in full.

It is reported that these people buy several luxury homes together. With a mansion, of course it must be matched with a luxury car. For these electronic fraudsters, Rolls-Royce and Bentley are nothing more than mobility scooters.

In addition to luxury houses and cars, they also like to collect famous watches, bags, wines, and even famous figures. And these luxury goods also play a pivotal role in their money laundering activities!

According to Singapore media reports, a famous watch collector said after seeing the photos released by the Singapore authorities that the total value of dozens of seized watches may be SGD 40 million. These include a Richard Mille RMS carp watch worth about SGD 1.1 million, a Patek Philippe 5002 white gold astronomical tourbillon watch worth about SGD 2 million, and two extremely rare Patek Philippe 6002 white gold astronomical tourbillon watches. Tourbillon watch.

此外，这些电诈人员还喜欢豪赌。每周都会带上大量的现金到当地的赌场豪赌，投注数额很大，每周在这上面的花费大概有20-30万新币。

Nowadays, many leaders of fraud gangs suspected of money laundering in Singapore have been arrested, which is a kind of comfort to those who have been deceived. But whether the money that was defrauded can be recovered is still unknown.

How ironic that these fraud ringleaders live a luxurious life in Singapore, even burning incense and worshiping Buddha for peace of mind. In your opinion, what kind of punishment should be given to the fraud leader to relieve his hatred? Welcome to the message area to participate in the discussion.