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Top News this Week (19 Mar)
By Financial Horse  •  March 19, 2023
Rounding up top investing articles from around the web, including articles shared on Twitter.

13 arrested for alleged involvement in rental scams that cost victims more than $1.3m (Straits Times)

The police have arrested 13 people for their suspected involvement in 480 rental scams that resulted in victims losing more than $1.3 million. In an islandwide operation between March 9 and March 13, the police nabbed nine men and four women aged between 18 and 56. The scammers would impersonate property agents and ask victims for payment to secure the rental of a unit before viewing it. Another three women, aged between 21 and 27, are also assisting in investigations, the police added. Preliminary investigations show these 16 suspects allegedly allowed their bank accounts to be used to receive the illicit proceeds from the scams before withdrawing the money and handing it to others in the syndicate. Police investigations are ongoing....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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