2 Men Arrested for Trying to Deposit Fake $10,000 Notes into DBS Bank Account


Advertisements
 

Sometimes, you get a niggling voice in your head going, “What’s the harm? It’s just one little thing; no one’s going to find out~”

It could be seeing a hundred dollars left behind at the ATM, or a fifty dollar note falling out of someone’s pocket right in front of you.

Most, if not all, reading this would know what I’m talking about, and most would probably disregard the voice.


Advertisements
 

But what if, what if, you decided to listen to the voice?

Well, that was what two men did and, let’s just say, they probably regretted doing it.

2 Men Arrested for Trying to Deposit Fake $10,000 Notes into DBS Bank Account

On 25 Mar 2022, it was reported that two men in Singapore were arrested for attempting to cheat a DBS bank teller.

The incident happened at the Plaza Singapura branch at around 11am on 22 Mar 2022.

The two men, aged 66 and 39 years old, presented three pieces of S$10,000 notes and one S$1,000 note to a DBS teller and asked for it to be deposited into his corporate bank account.

Contrary to his instructions, the teller only credited S$1,000 to his account, suspecting the S$10,000 notes to be counterfeit.

The police were subsequently alerted to the incident and, after preliminary investigations, arrested the two men.

More Counterfeit Found

When the duo was arrested, the police recovered another two pieces of S$10,000 notes.


Advertisements
 

A raid of the younger man’s hotel room also netted the police officers some documents that were believed to be forged.

The two men were charged on Thursday (24 Mar 2022) for possessing and using five counterfeit notes, trying to pass them off as real.

A Serious Crime

The police announced that they take a serious view of such crimes.

If caught and proven guilty, you can be jailed for up to 20 years and fined.

For anyone who possesses fake notes, you can be jailed for up to 15 years and fined.


Advertisements
 

What To Do If You Receive A Fake Note:

The police would like to remind the public to be “wary” of counterfeit notes and to call 999 immediately if they suspect they’ve received any.

When you call 999 after receiving counterfeit currency, you should also report the following:

  • characteristics of the suspect (age, race, height, clothes, tattoo, and language spoken)
  • Vehicle (if any), including registration plate number

You should also quickly put the fake note within a protected cover, such as an envelope or folded paper.

On a separate note, MAS stopped the printing of S$10,000 notes back in 2014. While S$10,000 notes are still in circulation in Singapore, it simply means that if you come across a brand new S$10,000 note, it’s likely that it’s a counterfeit.

Read Also:

Feature Image: TK Kurikawa / RichardDarko / Shutterstock.com (Image is for illustration purpose only)


Advertisements