SINGAPORE, Aug 31 Her “clients” thought their money was being used in foreign exchange (forex) trading for profit but in reality, Wan Lai Kuan never intended to use the.
Singapore News - Lured by the promise of 5 per cent returns, 18 investors put in a total of $2.2 million into what turned out to be a Ponzi scheme. Some had doubled down on their investment after they received repayments on their supposed returns - but these were just done by the. Read more at www.tnp.sg
Singapore News - A youth who pleaded guilty to his role in the $12.8 million OCBC phishing scams was assessed to be unsuitable for a probation sentence. A district court heard on Wednesday (June 1) that Leong Jun Xian, 21, should instead undergo reformative. Read more at www.tnp.sg
SINGAPORE - A youth linked to the OCBC phishing scams involving about $12.8 million was a secret society member who committed two acts of rioting that left four victims injured, a district court heard on Wednesday (April 20). Leong Jun Xian, who turns 21 on Thursday, pleaded guilty to two counts each of dealing with the benefits of criminal conduct.