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Serious Unlicensed Money Lending (Ah Longs)

shiokalingam

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simply because SPF is useless.

they always want to catch the big boss... stupid idoits...

I can think of 101 ways of dealing with this problem anytime.
simply because SPF is useless.

they always want to catch the big boss... stupid idoits...

I can think of 101 ways of dealing with this problem anytime.


is ah long san consider the big boss or a big boss ?



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specialOne

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Bros Shiokalingam,
What your advise?
Seem that this bastard Ah Long's Peter was hijacking borrowers.
Sad for this borrower being bullied and was blackmail.
How we can help to bring this bastard to justice.??
Is Supt Han very busy for Russia World Cup ???
 

shiokalingam

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What the Fark is happening to our Country ???

1. 2 respected Banks , DBS and OcbC , allowing their Accounts to
used by Extortionists and Loan Sharks .
2. Our Local Telcos assisting Extortionists and Loan Sharks.
3. The Monetary Authority of Singapore and the IDA Singapore also sleeping.

What the Fark is happening to our Country ???
 

sam heng

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Punish the demand and the supply will stop. But do they really want to stop the supply? stop the top guy?
 

oneMdeeBee

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That is my question. Why is the ministry of law not issuing orders to shut down these ULM? It's pointless all these bs adverts about ah longs and their tactics when these ah longs are allowed to operate in the 1st place. It's like saying taking drugs is illegal and will be punished but allowing drugs dealers to ply their wares on the street.


Becos the ministry know that ULM following the style of maggots in white!
They also want to laff and laff on way to their banks by screwing and tiewing and kanning whoever they can tiew and kann and screw
 

Scrooball (clone)

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Time for the govt to clamp down on those joker moneylenders who loan money to MAIDS.

What a truly scumbag move that is. How can the maid find enough money to repay the loan after interest? It's a no brainer. They will harrass the maid's boss, and the boss will pay. Sad that gahmen is closing an eye on this unethical move.
maidBan.jpg
 

shiokalingam

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PUBLISHED , NOV 25, 2017, 12:59 PM

SGT FACEBOOKTWITTERWHATSAPPEMAIL Lydia Lam

SINGAPORE - A total of 111 people, aged between 21 and 84, were arrested this week for their involvement in loan shark activities. In a four-day operation beginning Monday, officers from the Criminal Investigation Department (CID) and the six police land divisions conducted simultaneous raids around the island. They nabbed 80 men and 31 women. Nine of these people are believed to be runners, and had carried out ATM transfers on behalf of loan sharks. They also procured ATM cards for syndicates to use. Another two suspects are believed to be involved in harassing debtors by splashing paint and putting up loan shark-related graffiti on walls. Another person is suspected to have given false contact information in order to obtain loans. The remaining suspects - 99 in all - are believed to have opened bank accounts. They also purportedly gave away their ATM cards and Personal Identification Numbers (PINs) to loan sharks to facilitate unlicensed moneylending businesses. Investigations against all the suspects are ongoing. Passing an ATM card or bank account to any person to facilitate moneylending by an unlicensed moneylender constitutes assisting in carrying on the business of loan sharking, under the Moneylenders' Act. First-time offenders found guilty of carrying on a business of unlicensed moneylending may be jailed for up to four years, fined between $30,000 and 30,000, and punished with up to six strokes of the cane. First-time offenders found guilty of assisting in the business of unlicensed moneylanding face the same penalties. First-time offenders found guilty of acting on behalf of an unlicensed moneylender, committing or attempting to commit any acts of harassment face a jail term of up to five years, a fine of between $5,000 and $50,000, and between three and six strokes of the cane. Anyone who is convicted of giving false contact information to obtain loans from loan sharks can be jailed for up to 12 months if found guilty. Anyone who is guilty of failing to report a change in address can be jailed for up to five years and/or fined up to $5,000.
 

sweetiepie

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Time for the govt to clamp down on those joker moneylenders who loan money to MAIDS.

What a truly scumbag move that is. How can the maid find enough money to repay the loan after interest? It's a no brainer. They will harrass the maid's boss, and the boss will pay. Sad that gahmen is closing an eye on this unethical move.
maidBan.jpg
KNN they won't think that much KNN so long they know this maid knows anyone they can harass this anyone to ask for help to retrieve the loan if not they will burn their house KNN as good as going anywhere to demand money KNN might as well go bank to demand KNN
 

Scrooball (clone)

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So might as well start issuing loans to primary school kids la. Once u go down the road of giving high-interest loans to maids, u are truly a despicable human being.
 

shiokalingam

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So might as well start issuing loans to primary school kids la. Once u go down the road of giving high-interest loans to maids, u are truly a despicable human being.


there are basically x2 issues here :

a) Licenced Money Lenders ( LML) and

b) Unlicenced Money Lenders ( UML).


LML interest rates are reasonable but they are stll higher than most banks when you factor
in the late charges and roll over and Reloan.

most lml if not all work hand in hand with unsrupulus UMLs.

the moment the Maid walk out of lml office, the uml will sms the maid with offer of easy loan.
thats when all the trobles and hell start.


the moral of the story : Fark those Batards LMLs.
 

Scrooball (clone)

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Just put on Stomp la. Once this type of thing goes viral, the poodles are forced to take actions.

Anyone remember the Sim Lim Square handphone ah beng conmen?

Singapore
Mobile Air owner Jover Chew sentenced to 33 months' jail, fined

jover-chew-walks-to-the-state-courts--nov-16---photo--s-shiva----2264788.png


Chew, 33, pleaded guilty earlier to cheating 26 victims out of S$16,599 over a period of 10 months.

By Vanessa Paige Chelvan
30 Nov 2015 03:28PM
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SINGAPORE: Jover Chew, the owner of now-defunct mobile phone shop Mobile Air, was sentenced to 33 months' jail and ordered to pay a fine of S$2,000 on Monday (Nov 30), for cheating 26 victims out of S$16,599 over a period of 10 months last year.

District Judge Siva Shanmugam called Chew's scheme to cheat unsuspecting customers "audacious" and "elaborate", noting that the offences were clearly premeditated "to the extent of anticipating potential disputes and possible civil and criminal sanctions".

Chew had persisted in his criminal conduct despite frequent visits from the police attending to distress calls from victims of Chew and his four co-accused, said the judge. Chew had also been "unperturbed" by letters from the authorities, including the Consumers Association of Singapore and the Small Claims Tribunal, he added.

Judge Shanmugam also considered several aggravating factors in Chew's case, particularly his "exploitation of the veneer of legitimacy provided by the physical presence of (his shop) to entrap unwary patrons", and for using fraudulent documents to "both reassure the victims of the authenticity of the dealings as well as to deal with the aftermath of potential recourse sought by the victims".

The judge also made mention of Chew's choice of victims - mostly foreigners and foreign workers, who "would be least likely to assert their rights in Singapore". Judge Shanmugam also said that Chew's actions would have had "an adverse effect on Singapore's efforts to promote itself as a retail hub", pointing to reports in both local and international media highlighting to the public the need for caution when dealing with errant local retailers.

On Nov 16, Chew, 33, pleaded guilty to a total of 12 charges: 10 counts of cheating and one count each for criminal intimidation and intentional distress.Another 16 charges were taken into consideration for sentencing.

In a hearing earlier this month, Chew’s lawyer told the court that his client was undergoing treatment for depression. Chew’s wife had also initiated divorce proceedings, his lawyer added. Chew was also taking care of his parents and servicing massive debts incurred by his elder brother, the court heard.

Chew's mother and godmother were in court and spent a few teary minutes with him after his sentencing.


Read more at https://www.channelnewsasia.com/new...hew-sentenced-to-33-months-jail-fined-8253178
 

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