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Run road with 32 million collected
- Thread starter Cottonmouth
- Start date
bitcoin
Silly Sinkies so trusting ah? Whatever happened to the concept of cash on delivery?
MinLaw suspends company's licence over undelivered luxury goods worth $32m
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Police reports have been made against the couple over undelivered luxury goods, mostly watches, worth at least $32 million. PHOTO: SHIN MIN DAILY NEWS
Nadine Chua
PUBLISHED
4 HOURS AGO
SINGAPORE - Eager to get two Rolex watches to sell for a profit, watch collector Max (not his real name) paid a couple $280,000 for them and for a Patek Philippe watch.
He did so even before receiving the watches.
When the couple became uncontactable, he realised his money was as good as gone.
And Max is not the only one.
The Straits Times understands police reports have been made against the couple over undelivered luxury goods, mostly watches,
worth at least $32 million.
Over the past week, ST spoke to 10 victims, aged between 24 and 52. They included a chef, an interior designer, an advertising manager and a retiree.
Most of them said they trusted the couple as their business was registered as a regulated dealer and had a certificate from the Ministry of Law (MinLaw) to prove it.
In response to queries, a MinLaw spokesman said the business, named Tradenation, was registered as a precious stones and precious metals dealer on April 2.
"Registered dealers are regulated by the Registrar of Regulated Dealers only for anti-money laundering and countering the financing of terrorism purposes," said a MinLaw spokesman.
Tradenation submitted its registration application to MinLaw as it was conducting regulated dealing and at the point of registration, there were no grounds to refuse the registration, said MinLaw.
The spokesman added: "MinLaw has suspended Tradenation's registration due to the ongoing police investigations. As police investigations are ongoing, we are unable to comment further.
"If Tradenation is found guilty of an offence following the police investigations, MinLaw will terminate the registration of Tradenation."
Max, 48, who works in manufacturing, said he had entrusted most of his life savings to them in April.
He said: "I haven't slept properly in two months. I just keep thinking how stupid I was to trust them. My wife still doesn't know about the money I lost. How can I even tell her?"
Max made his first purchase with the couple last November.
He spent $72,000 on a Rolex Daytona and it was delivered to his home a month after he made the order. Max had the watch authenticated.
He said: "That was when I began trusting them. I even became friends with them and we would go out for dinner.
"I made eight more purchases with them in a span of three months, but sold most of those watches to make a profit."
His nightmare started when the watches he ordered in April never arrived. The couple blamed the delay on supply chain issues and avoided his calls.
He knew he had been scammed when he was added in a group chat on messaging platform Telegram with more than140 other angry customers of the couple who also had not received their goods, which included Hermes Birkin and Kelly bags, and Rolex and Patek Philippe watches.
The group chat was created by the couple in June to inform their customers of the delay. Victims said the couple threatened them in the chat that if they made police reports, they would not receive their goods.
Choking up, Max said: "I feel betrayed. I went on holiday with my wife and kids last month, and I had to put up a front that I was okay, because I couldn't tell my family."
Over 140 customers have not received their goods, which include Hermes Birkin and Kelly bags, and Rolex and Patek Philippe watches. PHOTO: SHIN MIN DAILY NEWS
Another person who lodged a police report against the couple was Ms Tan, 24, a fresh graduate from a local university, who works in marketing. She had paid $62,500 for a Rolex Cosmograph Daytona in March but it never arrived.
Ms Tan, who declined to reveal her full name, said the watch was supposed to be a post-graduation gift to herself.
She said: "The watch would normally cost $70,000, so I thought it was a good deal. They had multiple good reviews and I also bought a $27,000 Rolex from them in October last year which was delivered in a month. So, I trusted them completely."
Ms Tan said she feels helpless, adding: “I just don’t think I will see that money again, which is frustrating because it is my hard-earned money I worked for by doing event jobs while studying.”
Another victim, Mr Wang, lost $68,000 after placing an order for two Rolex watches as he felt they would be a good investment.
Also declining to reveal his full name, Mr Wang, who works in advertising, 39, said: "I'm not a watch enthusiast, but I thought I could buy watches now and sell them for a profit.
"I saved up for many years to buy the watches. All I can say is this was such a bad investment."
What to look out for when buying luxury goods from resellers/dealers
- Pay a deposit upon ordering the goods. Do not pay the full amount until you have received them.
- Make payment via a bank transfer and request for a receipt.
- Check the seller's reviews across various platforms.
- Purchase from sellers who have physical stores.
- Buying from an approved and licensed dealer is safer than buying from an unregulated entity.
- Walk away from deals that seem too good to be true.
Sources: Mr William Tan, manager of luxury goods dealer Watch Exchange, and Mr Tom Chng, founder of Singapore Watch Club.
A real upperclassman never buys luxury items on Carousell or other internet platforms. We expect to be served hand and foot at the shop itself, while we patiently shop for our luxury items.
It's all these cheap sluts who want that discount, carry real also look like fake.
If they run road to thailand, they can pay protection fee of let's say 100k sgd per year or some other huge money contract. The thai wont deport them back wa. Just say say only that they will find them. If they run road to china, dont think china will kapo this kind of small issues to them. They can change name easily in china.
More details on runaway couple behind alleged luxury goods scam given by Interpol
Wong Casandra
·Senior Reporter
Fri, 22 July 2022 at 2:14 pm
The wanted duo had fled Singapore by hiding in a container compartment of a lorry on 4 July, 2022. (SCREENCAPS: interpol.int)
SINGAPORE — More information about the couple who had fled Singapore after allegedly failing to deliver luxury goods worth tens of millions to their customers was provided in Interpol notices published on Thursday (21 July).
Singapore authorities had identified the couple as 26-year-old Singaporean man Pi Jiapeng and his 27-year-old Thai wife, Pansuk Siriwipa. The duo had fled Singapore by hiding in a container compartment of a lorry on 4 July.
A 40-year-old Malaysian man, Mohamed Alias, was arrested and charged last Friday for aiding the fugitives in their escape. He was handed another charge on Friday.
Pi was born in Fujian, China, on 15 August 1995, according to the Interpol red notice issued for him while Pansuk was listed as being born in Roi Et, Thailand, on 16 October 1994 and is 1.64m tall.
According to Interpol, Pi faces one count of criminal conspiracy to commit cheating and dishonestly inducing a delivery of property while Pansuk faces two similar counts.
At least 180 reports have been lodged with Singapore police since June against two companies, Tradenation and Tradeluxury, which the couple are associated with.
Their victims claimed that they made payments for luxury watches or bags to the companies, which then failed to deliver the goods.
Pi was arrested by the Singapore police on 27 June, and released on bail the next day with his passport impounded. Pansuk, who was assisting the police with their investigation, surrendered her passport to the police on 30 June.
The duo subsequently became uncontactable.
The publication process behind Interpol red notices. (INFOGRAPHIC: interpol.int)
Interpol red notices: What are they?
Issued for fugitives wanted either for prosecution or to serve a sentence, the red notice is a request to law enforcement agencies worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action, according to Interpol, or International Criminal Police Organization.A red notice is not an international arrest warrant and is published by Interpol at the request of a member country, which must comply with its rules.
A typical red notice includes information to identify the wanted person, such as their name, date of birth, nationality, hair and eye colour, photographs, and fingerprints if available, as well as those related to the crime they are wanted for.
According to Interpol, there are currently about 69,270 valid red notices, of which some 7,500 are public. Last year, it issued 10,776 such notices.
Interpol has 195 member countries, including Singapore, who work together to share data related to police investigations.
From left to right: The other Singaporean fugitives wanted in Singapore are Siak Lai Chun, Muhammad Faidhil Mawi, Muhammad Ridzuan Johan, Neo Soon Joo, and Mark Koh Kian Tiong. (PHOTOS: interpol.int)
From murder to $18.7m theft from bank: Singapore fugitives in Interpol notices
Pi and Pansuk are among 10 wanted individuals in Singapore who have been issued Interpol red notices. Of the remaining eight, five are Singaporeans.Siak Lai Chun, now 60, a former OUB assistant manager, fled Singapore in 1997 after allegedly stealing $18.7 million from the bank using fake cashier's orders.
Muhammad Faidhil Mawi, 37, is wanted in connection with a 2006 fatal gang attack, described as one of the most horrific gang-related killings in Singapore then, in Central Square. At least six others involved with the attack that left a man dead have been dealt with.
Muhammad Ridzuan Johan, 40, is wanted for his alleged involvement in a 2007 fatal brawl at disco Babyface on Fullerton Road that left a man dead. Twelve people who were involved in the incident have been dealt with.
Neo Soon Joo, 51, a taxi driver, had allegedly masterminded a 2008 kidnapping and armed robbery of three people, including a 60-year-old woman and her two-year-old granddaughter. His accomplice and fellow taxi driver, Au Gan Chye, was sentenced to 10 years' jail. Au had driven Neo to the Woodlands Checkpoint shortly after the crime.
Mark Koh Kian Tiong, 49, a former Criminal Investigation Department detective, was among 10 police officers bribed by Chua Chin Hoe, a syndicate head operating a chain of illegal gambling houses. He allegedly accepted over $47,000 in bribes from Chua, who was in 2012 jailed for four and a half years and fined $20,000. The former assistant superintendent has been on the run for over a decade.
Desmond Loo Soon Aik, a 41-year-old Malaysian man, left Singapore in 2012, shortly after an Indonesian money courier was stabbed to death at The Arcade during what is believed to be an attempted robbery. Singapore police have been looking for Loo to assist in investigations.
Djatmiko Febri Irwansyah, a 40-year-old Indonesian man, left Singapore for Bintan after a 2013 murder of a material analyst, whose body was later dumped in a military live-firing area in Lim Chu Kang. He was the accomplice and long-time friend of businessman Chia Kee Chen, who was initially sentenced to life imprisonment but later had his sentence enhanced to the death penalty in 2018. Another co-conspirator, Chua Leong Aik, was sentenced to five years' jail.
Feng Tao, a 40-year-old Tianjin native, is wanted in Singapore for 12 counts of cheating and dishonestly inducing a delivery of property.
But where did they even get all that money in the first place to put up a false pretense?
She also played out her family members over some loans back in Thailand as reported by some Thai news portals.
Yes they conned the rich. This type of couple are masters of the art of conning. Probably during their early days as career conmen, they have cheated few normal working class people along the way too. From what I read in some news portal, the wife also conned few normal Thais before this over some branded handbags.
They conned the rich but didn’t give the poor. So it’s like modern interpretation of Robbing Hood?
Can BBBJ raw and swallow.
If something is too good to be true, it probably is right? Lol who will sell u Rolex below market rate?
100K will not cut it after everyone already knows they got 32m. The mafia are more likely to kill them and take the entire sum. After all, they are fugitives... dead or alive, it doesn't matter as no one will find them.
They won't get as far as China. Not without a passport. Even if they fake one, they'll probably be found out and end up in jail there and get deported back here.
With a little squeeze on their families, these two bonnie and clyde wannabes will probably crawl out and kwai kwai surrender.
32 million… might sound a lot but it’s going to run real fast when you have to grease hands and silence mouths every step of the way.
That’s why the 1MDB fatso is the ultimate conman. He’s truly achieved the holy grail in scam and run.
That’s why the 1MDB fatso is the ultimate conman. He’s truly achieved the holy grail in scam and run.
That depend on the thai girl connection in thailand. She from rich background right. China is also another one that 'with money can do anything' even tough they are strict on these. That guy dont look street smart enuff to do that.
How they know they fled by hiding in container?
That son of the gan even took her mother money I.e advance inheritance before mother die and still can say proud to get inheritance.
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