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Conned by 'sure-win' scam

Discussion in 'Singapore Crime' started by General Veers, Dec 22, 2009.

  1. Singapore
    Home > Breaking News > Singapore > Story
    Dec 22, 2009

    Conned by 'sure-win' scam

    <!-- by line --> By Khushwant Singh
    <!-- end by line -->
    <!-- end left side bar --> <!-- story content : start --> ROSE Tan Seng Cheng would meet her friends at the Carriage Bar in York Hotel. It was a regular occurrence and they also noticed that she was always decked up with expensive jewellery and flushed with cash. The 54-year-old would boast that she had put her money in a 'sure-win' investment scheme that paid a 10 per cent return every month.It was all a scam. And 11 people fell for it. Tan, a former sales promoter, never invested the money, instead she used it to pay for her personal expenses. A district court heard that only $112,000 of the $421,000 she had embezzled was recovered. She was jailed for 3 1/2 years for cheating 11 people on Tuesday.

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