Ex-AIA agent charged over fake $6.2m policy

[MarrickG]

A FORMER AIA insurance agent who allegedly sold a fake US$5 million (S$6.2 million) insurance policy is facing fraud and cheating charges, including using forged documents.

The charges were laid against Sally Low Ai Ming, 34, at the Subordinate Court last Friday and bail set at $2 million. She failed to raise the cash and was remanded at Changi Women's Prison.

She broke down when she appeared in court yesterday to ask that the bail be reduced to $200,000. Her mother also cried. Bail was revised to $300,000 but Low has to surrender her passport and report weekly to the authorities.

The charges - four of cheating, 11 of fraudulent use of forged documents and four of moving crime proceeds to bank accounts and to partially pay for a property - stem from a police report made more than a year ago by a customer who bought a fake 'AIA Thank You' policy from Low in November 2002.

Low allegedly told semi-retired businessman Ong Han Ling, 72, that he could apply for the policy when she knew such a product did not exist. The act of deception led him to remit US$5.06 million to AIA, according to the charge sheet.

Low also allegedly told Mr Ong that two computer errors at AIA caused three policies to be issued in his name and that of his wife. It is claimed that Low then caused these policies to be surrendered and the three sums - about US$5.29 million, US$1 million and $1 million - were delivered to her on behalf of AIA. There were in fact no computer errors.

[shOUTloud]

Why so greedy? Any inside stories about her? Anyone knows her?

[Microsoft]

Got US7.9M still dun quickly run road...i realli dun get it...

[po2wq]

Got US7.9M still dun quickly run road...i realli dun get it...

bcos sg is world crass, world bestest, world lumpar 1 ...

[Microsoft]

bcos sg is world crass, world bestest, world lumpar 1 ...

KNN 4 her case...changi integrated resort oso world crass, world bestest, world lumpar 1...

[tua lam pah]

Got US7.9M still dun quickly run road...i realli dun get it...

must be more than meets the eye a....
u believe a businessman would part with 5.6 million to buy insurance?

both probably tried to cheat the insurance company, got caught, and she took the rap

[Microsoft]

must be more than meets the eye a....
u believe a businessman would part with 5.6 million to buy insurance?

both probably tried to cheat the insurance company, got caught, and she took the rap

Actually...me more interested 2 noe...whether r there any sex involved...

[Thick Face Black Heart]

Why so greedy? Any inside stories about her? Anyone knows her?

Sally Low rose very fast in her younger days because she had the "go get it" attitude that many people don't have nowadays. She will stand at a crowded street and do cold calling, drag them to one corner to sell them insurance. That was how determined she was. Her mentor was Chen Ming Li who was a mega success too, as you all know.

Unfortunately sometimes success breeds its own demise. After a while for her it become a matter of pride and that was when she started to play games.

[Mdm Tang]

Sally Low rose very fast in her younger days because she had the "go get it" attitude that many people don't have nowadays. She will stand at a crowded street and do cold calling, drag them to one corner to sell them insurance. That was how determined she was. Her mentor was Chen Ming Li who was a mega success too, as you all know.

Unfortunately sometimes success breeds its own demise. After a while for her it become a matter of pride and that was when she started to play games.

Bro , what happen to this case . No pic no sound ???



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This Ex AIA already got 11 months ...



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Insurance agent gets 11 months' jail


Straits TimesDate22 Dec 2012

Author: Selina Lum

He cheated clients of more than $100,000 and forged documents

AN INSURANCE agent who conned clients out of more than $100,000 by scams including selling them poor or non-existent policies was jailed for 11 months yesterday.

Lim Boon Wah, who was later sacked by AIA, told the clients how certain policies boasted attractive returns and convinced them to hand over their money - which he either pocketed or used to buy actual policies with less attractive returns to meet his agency's promotion quota.

Lim also misappropriated money that clients had entrusted to him to pay for premiums on their insurance policies. To cover his tracks, he forged various documents so they would not find out that their premiums had not been paid. The fake documents included letters that were purportedly from AIA, telling clients that it had received the premium payments.

He also filled out change-of-address forms so they would not receive notifications from AIA about their unpaid premiums.

Yesterday, Lim, 38, pleaded guilty in a district court to five charges of misappropriation, cheating and forgery. A further 21 charges were taken into consideration.

His offences, which took place between 2005 and 2010, involved about $105,000 defrauded from eight clients. He has since repaid $12,300.

The court heard that in January 2010, two clients lodged a complaint against him for forgery.

AIA sacked him and reported him to the police, who gave him a stern warning.

In October 2010, Lim turned himself in to the police after he learnt that AIA had received a complaint from another client, Mr Wee Wai Hung.

In February 2010, Mr Wee had withdrawn about $35,000 from his policy, intending to invest the money elsewhere. He later changed his mind and asked Lim to put the money back into his policy but Lim pocketed the funds.

Lim's first victim was Ms Sophia Tang who, in 2005, received three coupons from AIA amounting to $5,000 which were returns from her existing policies.

Lim lied to Ms Tang that there was another policy she could invest in which would yield higher interest payments.

Ms Tang then wrote out a cheque for $15,000 for the supposedly higher-interest policy but Lim took the money.

Pleading for leniency, Lim's lawyer, Ms Nadia Yeo, said that her client used the money to service his credit card debts and bank loans, and to pay for his family's expenses.

He also used money from some of his clients to repay the money he took from other clients.

She said Lim had reported his offences to the police, and that several of the victims have forgiven him for his mistakes and even vouched for his character.

[Mdm Tang]

Why so greedy? Any inside stories about her? Anyone knows her?

.


this one no scandal . just normal agent and client biz transaction .

[tonychat]

A FORMER AIA insurance agent who allegedly sold a fake US$5 million (S$6.2 million) insurance policy is facing fraud and cheating charges, including using forged documents.

The charges were laid against Sally Low Ai Ming, 34, at the Subordinate Court last Friday and bail set at $2 million. She failed to raise the cash and was remanded at Changi Women's Prison.

She broke down when she appeared in court yesterday to ask that the bail be reduced to $200,000. Her mother also cried. Bail was revised to $300,000 but Low has to surrender her passport and report weekly to the authorities.

The charges - four of cheating, 11 of fraudulent use of forged documents and four of moving crime proceeds to bank accounts and to partially pay for a property - stem from a police report made more than a year ago by a customer who bought a fake 'AIA Thank You' policy from Low in November 2002.

Low allegedly told semi-retired businessman Ong Han Ling, 72, that he could apply for the policy when she knew such a product did not exist. The act of deception led him to remit US$5.06 million to AIA, according to the charge sheet.

Low also allegedly told Mr Ong that two computer errors at AIA caused three policies to be issued in his name and that of his wife. It is claimed that Low then caused these policies to be surrendered and the three sums - about US$5.29 million, US$1 million and $1 million - were delivered to her on behalf of AIA. There were in fact no computer errors.

sinkie sinkie..

you want to earn money , learn the proper way lah..

in the end cry mother, cry father and everyone cry , what is the fucking use??? This is what happen when you do work in a sinkie way.

[tonychat]

Why so greedy? Any inside stories about her? Anyone knows her?

she is greedy because she is a sinkie.

[rusty]

A FORMER AIA insurance agent who allegedly sold a fake US$5 million (S$6.2 million) insurance policy is facing fraud and cheating charges, including using forged documents.

The charges were laid against Sally Low Ai Ming, 34, at the Subordinate Court last Friday and bail set at $2 million. She failed to raise the cash and was remanded at Changi Women's Prison.

She broke down when she appeared in court yesterday to ask that the bail be reduced to $200,000. Her mother also cried. Bail was revised to $300,000 but Low has to surrender her passport and report weekly to the authorities.

The charges - four of cheating, 11 of fraudulent use of forged documents and four of moving crime proceeds to bank accounts and to partially pay for a property - stem from a police report made more than a year ago by a customer who bought a fake 'AIA Thank You' policy from Low in November 2002.

Low allegedly told semi-retired businessman Ong Han Ling, 72, that he could apply for the policy when she knew such a product did not exist. The act of deception led him to remit US$5.06 million to AIA, according to the charge sheet.

Low also allegedly told Mr Ong that two computer errors at AIA caused three policies to be issued in his name and that of his wife. It is claimed that Low then caused these policies to be surrendered and the three sums - about US$5.29 million, US$1 million and $1 million - were delivered to her on behalf of AIA. There were in fact no computer errors.

A woman to respect. I don't mind having her as my wife. She doesn't cheat the poor peasants like PAP did.

[Mdm Tang]

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"The charges were laid against Sally Low Ai Ming, 34, at the Subordinate Court last Friday and bail set at $2 million. She failed to raise the cash and was remanded at Changi Women's Prison."



Sir , like that means she is still in Changi Women Prison until she can raise the S$2M ? ??


How cum KH scandal invloved so huge and yet he allowed to travel ???

[ray_of_hope]

I hope all the monies were recovered.

[Mdm Tang]

I hope all the monies were recovered.

the rich biz man can afford it ...


Low allegedly told semi-retired businessman Ong Han Ling, 72, that he could apply for the policy when she knew such a product did not exist. The act of deception led him to remit US$5.06 million to AIA, according to the charge sheet.

[tonychat]

.



"The charges were laid against Sally Low Ai Ming, 34, at the Subordinate Court last Friday and bail set at $2 million. She failed to raise the cash and was remanded at Changi Women's Prison."



Sir , like that means she is still in Changi Women Prison until she can raise the S$2M ? ??


How cum KH scandal invloved so huge and yet he allowed to travel ???

until an official verdict and trial is given.

[Mdm Tang]

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she was remanded since May 2011.


like that very jilat .

thanks for info .


wonder why how cum Mary chen her

ex aia boss did not help her .


mary did step in to help quan yi feng .

[looneytan]

Low allegedly told semi-retired businessman Ong Han Ling, 72,

72, semi-retired


now I know what you guys mean

[Narong Wongwan]

A woman to respect. I don't mind having her as my wife. She doesn't cheat the poor peasants like PAP did.

yes she is a higher class criminal than the white scums.

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she was remanded since May 2011.


like that very jilat .

thanks for info .


wonder why how cum Mary chen her

ex aia boss did not help her .


mary did step in to help quan yi feng .

QYF is Mary's niece....this fallen agent was only her employee....in sinkie boss context employee is machiam slave.

Btw the report stated she out on 300k bail.