http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_734062.html
Mastermind of casino betting syndicate jailed
Vegetable seller Lee Chin Chuan went from hawking tomatoes and cucumbers to masterminding what is believed to be the first illegal betting syndicate in a Singapore casino.
The 49-year-old was jailed for 10 months and fined a total of $90,000 on Monday for offering private insurance bets, which allow baccarat players to reduce the risk of losing their original wager.
Lee, who financed the scheme, made $30,000 before he was arrested at Marina Bay Sands in June. Police found $13,200 worth of chips on him, as well as $4,784 in cash and a $100,000 cheque.
The father of four learnt about insurance bets from a friend he met in the casino early this year, his lawyer Alfred Dodwell said. The friend explained how they worked and said it was a standard feature in the casinos of Genting Highlands
Mastermind of casino betting syndicate jailed
Vegetable seller Lee Chin Chuan went from hawking tomatoes and cucumbers to masterminding what is believed to be the first illegal betting syndicate in a Singapore casino.
The 49-year-old was jailed for 10 months and fined a total of $90,000 on Monday for offering private insurance bets, which allow baccarat players to reduce the risk of losing their original wager.
Lee, who financed the scheme, made $30,000 before he was arrested at Marina Bay Sands in June. Police found $13,200 worth of chips on him, as well as $4,784 in cash and a $100,000 cheque.
The father of four learnt about insurance bets from a friend he met in the casino early this year, his lawyer Alfred Dodwell said. The friend explained how they worked and said it was a standard feature in the casinos of Genting Highlands
