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Ng's alleged scam reportedly ensnared some 300 victims; [16] if convicted, Ng would have had executed the largest investment fraud in the history of Singapore. [9] As a result of the fraud allegations, Ng's restaurant Cicada closed, and Nishikane and Sake Labo were put up for sale by liquidators. [5] He was declared bankrupt in 2022. [17]
It is the biggest money laundering case in Singapore, and among the biggest in the world, [2] involving assets worth 3 billion Singapore dollars. [ 3 ] Initially, only 1 billion Singapore dollars worth of assets was either seized, frozen or issued prohibition of disposal orders although the value of assets involved would later balloon to 3 ...
Investment Fraud Scam 2011-2021 Low Mood Chay $1.39 million Unknown Cheated several acquaintances through fake investment schemes that touted high dividends. [47] Relationship Scam 2016-2021 Joselyn Kwek Sok Koon, (conspirator: Lai Sze Yin) $880,000 10 Cheated various people through ruses and deceits including the promise of romantic relationships.
Hodlnaut, a Singapore-based crypto lender, is being investigated by the white-collar crime unit of Singapore police. Singapore police investigate Hodlnaut for possible fraud, cheating Skip to main ...
The police are reportedly looking into allegations of cheating and fraud by the company and its directors. Singapore Starts Fraud Investigation In to Crypto Exchange Hodlnaut Skip to main content
The City Harvest Church criminal breach of trust (CBT) case was one of the longest criminal trials in Singapore's history. [2] Church founder Kong Hee and five other church leaders were found guilty by a District Court on 21 October 2015 of CBT by agent after misappropriating some S$50 million of church funds.
SINGAPORE (Reuters) -A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster ...
In July 2015, Singapore's national daily newspaper, The Straits Times, published an e-book titled Guilty As Charged: 25 Crimes That Have Shaken Singapore Since 1965, which included the Nick Leeson case as one of the top 25 crimes that shocked the nation since its independence in 1965. The book was borne out of collaboration between the ...