Tuesday, 20 Apr 2021 02:24 PM MYT
Wei Yong, who is linked to a transnational syndicate, pleaded guilty to four charges of cheating and one charge under the Passport Act. Pixabay pic via TODAY
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SINGAPORE, April 20 A 44-year-old man involved in a transnational syndicate that scammed high net-worth individuals by using shell companies set up in Singapore and the United States was jailed for 12 years and one month yesterday.
Since 2017, Chinese national Wei Yong had worked with four accomplices to dupe 10 businessmen nine Chinese nationals and one South Korean into parting with more than S$2.5 million (RM7.75 million) in total.