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Another cheating case...

Duckduck

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Duckduck

Duckduck

Turbocharged

The Straits Times

www.straitstimes.comPublished on Sep 05, 2012

 

Accountant allegedly misused $16.5m of firms' funds

 

By leonard lim

 

An accountant hired by five companies linked to global computer giant Hewlett-Packard is alleged to have misappropriated $16.5 million of their funds.

The firms - which had engaged Mr Ewe Pang Kooi to take them through a liquidation process - successfully applied to the High Court for an injunction last month to freeze his assets up to that figure.

An employee of HP here also lodged a report with the Commercial Affairs Department in late July and investigations are believed to be ongoing.

A police spokesman said yesterday it was inappropriate to comment. It is understood that no criminal charges have been filed against the 59-year-old Mr Ewe.

The Malaysian, a permanent resident here, declined comment yesterday but confirmed that he was out on bail.

The $16.5 million figure, if eventually proven, will be higher than the David Rasif and Singapore Land Authority (SLA) cheating cases. The cases involving the rogue lawyer and two SLA executives involved about $11 million and $12 million respectively.

The five HP-linked firms - 3Com South Asia, 3Par Singapore, Compaq Asia, Mercury Interactive (Singapore) and Compaq Computer Asia - had all engaged Mr Ewe, well-known for providing insolvency services in industry circles, as their sole liquidator on separate occasions between June 2009 and November 2011.

The companies were dormant at the respective times.

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Camrysfa

Camrysfa

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He escaped to Thailand with S$950,000 of bank notes slipped between pages of hardcover books so that the money would not be detected by airport scanners.

 

In one instance, he took just 2 days after joining a company to forged some cheques

 

 

http://www.todayonline.com/singapore/jail-duo-who-forged-cheques-worth-s358m?singlepage=true

 

SINGAPORE — They had banked on living the good life in Thailand after netting S$3.58 million by forging cheques of property firm SoilBuild Group Holdings, but secondary school mates Tan Yong Hai and Lau Tien Chen will now spend years behind bars for their failed plot.

 

For his role as the mastermind, Tan, 31, was sentenced today (June 17) to nine years and three months in jail for eight charges, including forgery and an immigration offence.

 

His accomplice, Lau, also 31, was sentenced to six years’ jail for two charges of dishonestly using a forged cheque.

 

There has not been a similar case of fraud in recent memory that involves fleeing and returning to the country to commit further offences, said Deputy Public Prosecutor Victor Lim in arguing for a heavy sentence.

 

The sums of money involved clearly shock the conscience of the public and no restitution has been made, DPP Lim added.

 

Tan’s misdeeds began in 2011, when he forged lease agreements of his employer’s client. He was then a facility executive of Sodexo, a facilities management company, maintaining buildings of its client, Invensys Process Systems Singapore. He channelled the rent from the forged lease agreements to his unsuspecting parents’ bank accounts.

 

In January 2012, Tan discovered that Invensys was investigating the forgery of lease agreements, and decided to steal and forge the company’s cheques.

 

A month later, he escaped to Thailand with S$950,000 of bank notes slipped between pages of hardcover books so that the money would not be detected by airport scanners.

 

In Thailand, Tan began plotting a bigger operation. He contacted Lau to help apply for accounts-assistant jobs for him in Singapore.

 

In August 2013, Tan flew back to Singapore using a Thai passport, falsely declaring that he had never used a passport with a different name to enter the Republic.

Tan was hired by SoilBuild, and only then informed Lau of his plan to steal from the company, and convinced his friend to help him.

 

By his second day at work, Tan had removed three cheques from SoilBuild’s chequebooks, forged the signatures of the company’s top executives and made the cheques out in Lau’s favour.

 

On Aug 22, 2013, Tan asked Lau to bank in the cheques, and they planned to take the S$3.58 million out the next day. The next day, one of the banks, Maybank, suspected a cheque was forged and alerted SoilBuild’s chief financial officer.

 

A police report was made and the police froze S$1.4 million in Lau’s Standard Chartered bank account.

 

Meanwhile on that same day, Tan, while in the office, became aware of the company’s suspicions and arranged to meet Lau to withdraw the money. Staff at Standard Chartered’s Woodlands branch directed Lau to the bank’s main office, where he was arrested.

 

Tan was arrested as he tried to leave Singapore using his Thai passport. The duo’s lawyer, Ms Diana Ngiam of Quahe Woo & Palmer, had sought seven years’ jail for Tan and four years’ jail for Lau, saying they had cooperated fully with investigations.In meting out the jail sentences, the judge noted that although Tan was the mastermind, both men were involved in a large part of the offences.

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Angcheek

Angcheek

Hypersonic
(edited)

die die must come ... LOL

 

 

 

 

ya la ... so now you see ...... tons of FT ... all damn talented ... good way , bad way ... all have :a-bday:

 

I forgotten about this till I saw this thread again ... no wonder HP now got to split ...家变 ！

Edited by Angcheek
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Jman888

Jman888

Moderator
what were they thinking??

At least 500 reports so far of a scam involving women who befriend men via social media, then offer dates and sex for online shopping credits.
By Amanda Lee, TODAY
POSTED: 18 Jun 2015 08:10
SINGAPORE: The warnings to stay sharp against cybercheating appear to have fallen on deaf ears for some, as men have been cheated of more than S$1.25 million in sex scams in the first five months of the year.
After receiving at least 500 reports on “credits for sex” scams, the police have arrested a 22-year-old connected to such scams. The suspect will be charged in court with cheating-related offences on Thursday (Jun 18).
The scams involved women befriending male victims through social media platforms such as WeChat, and offering dates or sexual services in exchange for online shopping credits, said the police in a media release on Wednesday.
The scammers would typically ask the victims to purchase cards from AXS machines, and send images of the receipts together with the personal identification numbers (PINs) for the cards to designated email accounts for them to claim the credits. In some cases, other members of the syndicates would contact the victims and ask them to make more purchases.
Earlier this month, a variation of the scam emerged: Victims were asked to hand over their ATM cards and PIN before they could meet the women. They were instructed to leave their ATM cards at public locations, and told that their cards would be returned to them after they met the women.
The cards were then collected by unknown persons and the monies in the accounts linked to the cards were pilfered. On some occasions, these accounts were used to receive funds from other victims of crime.
As more cases were reported, the police issued warnings. Choa Chu Kang Neighbourhood Police Centre (NPC) sent an SMS alert earlier this month to residents urging vigilance against such scams. Between January and April, 373 victims fell for the scam and the sum cheated totalled S$812,000, with one of the victims made S$43,137 poorer, they said.
Cybercheating cases have been an area of concern in recent years, with a three-fold jump in the number of such cases between 2009 and last year. E-commerce cheating or extortion on cyberspace crimes continued to rise from 510 cases in 2013 to 1,659 cases last year.
Most of the cases were shoppers who were duped into making multiple payments for purported online bargains. Crooks would put up advertisements for products at low prices but ask for payments repeatedly on the pretext that the goods would be delivered eventually. Internet scams also emerged in the form of fake gift cards or virtual credits being peddled online.
Responding to TODAY’s queries about the scams flagged by the Choa Chu Kang NPC, a police spokesperson said preliminary investigations show that the latest credits-for-sex scam appeared to originate from overseas, and the police are working with its foreign counterparts to trace the perpetrators.
Members of the public are advised to be wary of strangers they befriend online, as well as avoid providing personal details about themselves when engaging other Internet users. They are also advised not to share their payment receipts containing details such as PINs with anyone.

 

 

 

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Donut

Donut

Supercharged

 

what were they thinking??

 

 

 

 

Women and Money is the downfall of Man.

 

Proven and double confirmed since mankind exist in this world.

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