Man charged with cheating friend out of $112,500 after learning he was a scam victim

Published Oct 23, 2026, 02:08 PM

Updated Oct 23, 2026, 02:08 PM

Vasudevan Sagadevan was charged with cheating his 69-year-old friend after learning the man had lost money in a cryptocurrency scam.

Police said he spent 15 months claiming he could recover the losses, while asking for more money for legal and witness protection fees.

Police warned the public to check claims of scam recovery and to verify any upfront payment requests.

SINGAPORE - A man allegedly hatched a plan to cheat his elderly friend after the latter confided in him he had been a victim of a cryptocurrency scam.

Over a period of 15 months, Vasudevan Sagadevan, 43, allegedly told his friend, 69, he could help to recover his losses but required several fees .

On Oct 23, Vasudevan was charged with one count of cheating. If convicted, he can be jailed for up to 10 years and fined.

His case will be heard again in the District Court on Nov 20.

The police said Vasudevan told his friend he had to pay for legal, witness protection and other administrative fees.

Vasudevan purportedly told his friend he was helping him to have the case heard in court overseas.

Vasudevan’s charge sheet showed he claimed his company, DS9 Technology, could engage lawyers in the United States and Australia to pursue court proceedings on his friend’s behalf.

He also claimed that through his company, he had hired a private investigator from Norway to locate the scammer. He said he needed to arrange for witness compensation and protection services.

Charge sheets show Vasudevan’s friend then transferred $112,500 to DS9 Technology’s bank account.

Business records show the company, which was incorporated in 2008 and described as being in the business of repair and maintenance of computer hardware and data processing equipment, is solely owned by Vasudevan.

Court documents do not state how his scheme came to light, but the police said it received a report on Sept 27. He was arrested on Oct 21.

In a statement, the police reminded the public to exercise caution when dealing with anyone who claims to be able to recover money lost to scams or other fraudulent schemes in exchange for fees or payment .

Said the police: “Members of the public should be wary of and verify requests for upfront payments, especially when these are purportedly required for legal, administrative or processing purposes.

“If you suspect that you have fallen victim to a scam, contact your bank immediately to report, block any fraudulent transactions, and lodge a Police report.”

发布于 2026 年 10 月 23 日下午 2:08

更新于2026年10月23日下午2:08

瓦苏德万·萨加德万得知自己 69 岁的朋友在加密货币骗局中蒙受损失后，被指控欺骗了这位朋友。

警方称，他花了 15 个月的时间声称自己可以追回损失，同时还要求支付更多费用作为法律费用和证人保护费。

警方提醒公众，要核实有关诈骗追回款项的说法，并核实任何预付款要求。

新加坡——一名男子据称在得知一位年长的朋友曾是加密货币骗局的受害者后，策划欺骗这位朋友。

在长达 15 个月的时间里，43 岁的 Vasudevan Sagadevan 据称告诉他 69 岁的朋友，他可以帮助朋友挽回损失，但需要支付一些费用。

10月23日，瓦苏德万被控一项欺诈罪名。如果罪名成立，他可能面临最高10年监禁和罚款。

他的案件将于11月20日在地方法院再次开庭审理。

警方称，瓦苏德万告诉他的朋友，他必须支付法律费用、证人保护费和其他行政费用。

据称，瓦苏德万告诉他的朋友，他正在帮助他让这个案件在海外法庭审理。

瓦苏德万的起诉书显示，他声称自己的公司 DS9 Technology 可以聘请美国和澳大利亚的律师代表他的朋友提起诉讼。

他还声称，他已通过自己的公司从挪威聘请了一名私家侦探来寻找诈骗者。他说，他需要安排证人赔偿和保护服务。

起诉书显示，Vasudevan 的朋友随后向 DS9 Technology 的银行账户转账了 112,500 美元。

商业记录显示，该公司成立于 2008 年，主要从事计算机硬件和数据处理设备的维修和维护业务，由 Vasudevan 一人独资拥有。

法庭文件没有说明他的阴谋是如何败露的，但警方表示，他们在9月27日接到报案。他于10月21日被捕。

警方在一份声明中提醒公众，在与任何声称能够追回因诈骗或其他欺诈计划而损失的钱财，并要求支付费用或报酬的人打交道时，务必保持警惕。

警方表示：“公众应警惕并核实预先付款的要求，尤其是当这些付款据称是出于法律、行政或处理目的而需要时。

“如果您怀疑自己遭遇了诈骗，请立即联系您的银行进行举报，阻止任何欺诈交易，并向警方报案。”