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Scam alert: Young man and friends arrested after pawning gold-plated ring as pure gold

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Home South-eastern Asia Singapore

Scam alert: Young man and friends arrested after pawning gold-plated ring as pure gold

by Asia Today Team
November 26, 2025
in Singapore
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SINGAPORE: A younger man, collectively together with his three mates, deceived a number of pawn outlets by presenting a gold-plated ring as if it have been fabricated from pure gold. The suspects tried to promote the ring at 4 totally different outlets, hoping that they might get cash out of it. Nonetheless, a store assistant uncovered their scheme, and so they have been ultimately arrested by the police. 

One of many suspects, a 21-year-old, faces a complete of eight costs, together with conspiracy to cheat. Moreover, his mates (ages 24, 22, and 21) have been additionally taken to the authorities. 

In response to investigations, the case confirmed that one other man gave the suspects two gold-plated silver rings and instructed them to pawn them at pawn outlets. When the scheme turns into a hit, they’ll then break up the cash. 

The suspects tried to pawn the ring for not less than S$1,000 at one store, and have been instructed to lie, stating that the ring belonged to deceased grandparents and so they have been pawning it as a result of they wanted the cash. 

In cases when the store assistants found that the ring was faux, the suspects have been instructed to stay ignorant, retrieve the ring, and go away the store instantly. 

In one other try, it was revealed that once they efficiently pawned the ring, the younger males would have S$200 every. They went to a different pawn store, tried to pawn the 2 faux rings, however have been unsuccessful as soon as once more. 

The suspects then determined to pawn the rings at one other pawn store, however different branches had already notified their supervisor in regards to the scheme. Finally, this uncovered their unlawful actions. When the supervisor reported the incident, the Singapore Police Power arrested the suspects. 

This case comes as Singapore tightens its stance on fraud-related crimes. People who’re discovered responsible of scamming, being a part of rip-off teams, or recruiting others can get between six and 24 cane strokes, relying on how severe their crimes are.





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Tags: ALERTarrestedfriendsGoldgoldplatedManpawningPureringscamYoung

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