Police in Singapore are investigating allegations that the overseas gambling site GemBet masked illegal bets using fake invoices and local shell firms. The scheme allegedly kept payments flowing after nine people were arrested in July. Punters told the outlet they feared police action would soon target them, with some reporting their bank accounts were frozen. Investigators say GemBet, which is operated through entities including Grand Complications NV in Curacao and Ludicrum Tech in Europe, recruited people in Singapore to issue invoices as a cover for gambling payments. One invoice described an $80 payment to a Singapore-registered company tied to a residential address in Punggol. The invoice claimed the money was for pre-owned gaming equipment, but corporate records showed the firm operated as a wholesale trading company with a separate commission-based business connecting buyers and third-party food sellers. Police attention intensified around GemBet’s payments during the FIFA World Cup period. Earlier reporting described funds being funnelled through PayNow transactions involving three local companies registered earlier in 2026. Six of the firms are suspected of setting up business entities and corporate bank accounts believed to have been used to facilitate gambling-related transactions. Three more companies are said to have assisted the syndicate in obtaining the entities and bank accounts. After the July arrests, panic spread among users of a GemBet Telegram group with more than 2,600 members. The outlet also reported that some Singapore-based individuals began issuing additional fake invoices to disguise deposits as payments for legitimate services, including those from an interior design firm and a handicrafts retailer. The alleged operator behind the platform appeared to be a Europe-based company named Ludicrum Tech, whose representative signed off on GemBet’s licence application. A job listing for a “remote payment operator” in South-east Asia described processing incoming and outgoing payments, working hours aligned with Central European Time, and salary expectations in euros, before it was deleted. Singapore law carries heavy jail terms and fines for both operators and bettors involved with illegal remote gambling. The investigation status was not reported as leading to charges or a court outcome in the supplied material, but arrests in July and a broader police crackdown were described as ongoing.