Chitchat Lao Hero Pervert Sinkie Cheated 77 Fools Of $1 Million In High Yield Investment Scam! Still Think CPF Sucks?

[JohnTan]

SINGAPORE - A 53-year-old man allegedly cheated 77 people of more than $1 million between 2016 and 2017 by proposing a high yield investment programme.

The police said in a statement on Monday (June 17) that they were alerted to the case on Oct 27, 2017. The case involved the misappropriation of monies and the victims being cheated of $1,033,650.

The man is also believed to have been involved in several cases of outrage of modesty of a woman between Sept 27 and Oct 1, 2017.


Cheating and criminal breach of trust are punishable under Section 420 and 406 of the Penal Code, Chapter 224 respectively.

A person convicted of cheating may be jailed up to 10 years and fined. If convicted of criminal breach of trust, he may be jailed up to seven years, or fined, or both.

If convicted of outrage of modesty under Section 354 of the Penal Code, Chapter 224, he may be jailed up to two years, fined, or caned, or any combination of the three punishments.

https://www.straitstimes.com/singap...eople-of-more-than-1-million-also-involved-in

 

[AhMeng]

SINGAPORE - A 53-year-old man allegedly cheated 77 people of more than $1 million between 2016 and 2017 by proposing a high yield investment programme.

The police said in a statement on Monday (June 17) that they were alerted to the case on Oct 27, 2017. The case involved the misappropriation of monies and the victims being cheated of $1,033,650.

The man is also believed to have been involved in several cases of outrage of modesty of a woman between Sept 27 and Oct 1, 2017.


Cheating and criminal breach of trust are punishable under Section 420 and 406 of the Penal Code, Chapter 224 respectively.

A person convicted of cheating may be jailed up to 10 years and fined. If convicted of criminal breach of trust, he may be jailed up to seven years, or fined, or both.

If convicted of outrage of modesty under Section 354 of the Penal Code, Chapter 224, he may be jailed up to two years, fined, or caned, or any combination of the three punishments.

https://www.straitstimes.com/singap...eople-of-more-than-1-million-also-involved-in

Sounds like a PA or RC type character. Or is it Town Council type? Lol

 

[laksaboy]

Sounds like a PA or RC type character. Or is it Town Council type? Lol

Could also be the 'religious leader' type.

 

[winnipegjets]

SPY - a super safe ETF - provides 7 pct return annualized. CPF pays 2.5 percent.
Sinkees are shortchanged 4.5 percent in returns.

That is the bare fact ...Sinkees are losing big bucks to the PAP.

 

[eatshitndie]

must be another samster.

 

[JohnTan]

SPY - a super safe ETF - provides 7 pct return annualized. CPF pays 2.5 percent.
Sinkees are shortchanged 4.5 percent in returns.

That is the bare fact ...Sinkees are losing big bucks to the PAP.

The CPF pays an average of 4% per annum, not 2.5, you twit. You need to include returns from the SA and MA. And there's an additional 1% for the first $60k.

 

[nightsafari]

The CPF pays an average of 4% per annum, not 2.5, you twit. You need to include returns from the SA and MA. And there's an additional 1% for the first $60k.

not bad... if only withdrawal was more accessible if needs arose.

 

[bobby]

not bad... if only withdrawal was more accessible if needs arose.

Like that song says...you can check-out but you cannot leave.

 

[JohnTan]

not bad... if only withdrawal was more accessible if needs arose.

You could withdraw all your cpf that is excess of the Minimum Sum, half of which could be a paper pledge from the valuation of the HDB flat. PAP already makes it easy for sinkies to withdraw their cpf. It's not PAP's fault if sinkies can't meet the MS.

Western countries with the pension system are facing pension cuts or outright defaults. Just look at Greece and the PIIG countries.

 

[nayr69sg]

WHAT?????

Cheated 77 people and only $1 million?

not even $10 million? What a loser. Must be sinkie.

 

[sweetiepie]

A person convicted of cheating may be jailed up to 10 years and fined. If convicted of criminal breach of trust, he may be jailed up to seven years, or fined, or both.

KNN does the fines goes to the victim or gov ? KNN who is the greatest fool in this case KNN

 

[Huatable]

@zhihau 's bitcoin is almost US$10000

 

[nightsafari]

Like that song says...you can check-out but you cannot leave.

hotel singapura...

 

[Buckethead]

Those 77 people deserved to be cheated, the greed for easy money overwrite the thinking brain...at least I got some return when buying 4D...

 

[zhihau]

@zhihau 's bitcoin is almost US$10000

Not as crazy as the 2017/18 period

 

[greedy and cunning]

Sounds like a PA or RC type character. Or is it Town Council type? Lol

 

[KuanTi01]

Not that really brilliant as a conman! 77 fools got suckered but total amount only a paltry $1 million or more.

 

[JohnTan]

CPF's guaranteed return of 4% p.a. for a lifetime is so high that it almost sounds like a scam, except that it's not!!