Veronica Shim Wai Han, former SQ stewardess said "at least two investors had died directly or indirectly because of pressure from this case"

[Smarty22]

This former air waitress turned fund manager in my opinion did not do adequate DD
For an investment of that scale if I were her would arrange to fly to Australia to verify and meet the seller . You cannot just depend on documents which as it were turned out to be forged .This is the least she should do to invest vast amount of money on clients behalf.
This is the biggest scam and commercial fraud committed by a Singaporean todate .

 

[Geminiboy]

No, it wasn't. As a matter of fact, Ng wasn't required to register with MAS, as his business was not under MAS purview but he lied and claimed he was.

Precisely. That itself is a red flag. It’s amazing that someone who claims to be fund manager failed to see that.

The more I read, the more I’m convinced that this unqualified fund manager is just happy to receive referral fees without question. Should question MAS on how they license her.

 

[Jo13jo]

Of all people fat as.s conned one was the former president of law society ..he is in deep trouble

If think deeply, there is nothing more convincing than having former president of law society to invest in the scheme, free advertising.

 

[MrAwesomeX]

basically jho low of SG but got caught

Jho low probably would be offended compared to this low ses life .

Ppl got connections to Saudi Arabia princes leh .

 

[BaChorMee]

From Ipoh kampung girl to airline stewardess to private banker to CEO of wealth management

Wow

She ish keyi for me. Wonder what is she doing now?

 

[Nalgene123]

Those that follow this saga will know that this scam was pass on from words or mouth in the elite circle of Singapore..that was how so how many profile people invested in the fund…..avg folks with no access to Private bankers like this lady will never have heard about it….

this case is similiar to the Madoff case…..the rich elite pass pass on Madoff’s legendary returns and the how ponzu scheme snowballed from there

 

[Smarty22]

Madoff ‘s scam is on another level many US pension funds worth hundreds of millions invested in his Ponzi scheme which wiped out retirees ‘ savings
Still this fatty big-time scammer creates local history for the scale of the scam and several high profile professionals became victims

 

[Wanderer123]

With over 20 yrs of experience in fund management, I seriously doubt that this woman is so kumgong until won't even request for a simple zoom meeting with the seller representative of the nikel, especially when hundreds of millions are involved. I'm sure the seller will be more than happy to oblige.

Won't even take more than half an hour, just to chat and verify that all transactions are legit. If I'm her, I will even demand a meeting with both seller and buyer at their office. Afterall, all expenses paid for under operational expenditure of the investment. Something very fishy.

Aiya, dey are juz playing taiji now....

 

[Wanderer123]

Alamak
So many cars , if only can borrow from him to drive

Juz a status symbol, price of jail not worth it, freedom is priceless. Freedom is above status.

 

[Wanderer123]

Madoff ‘s scam is on another level many US pension funds worth hundreds of millions invested in his Ponzi scheme which wiped out retirees ‘ savings

Having too much retirement funds is not safe these days.

 

[shodan99]

Fatty and Hin Leong boss both will long jail sentences except that one will likely die in jail the other come out still got many good years in his 50s

Both will rot in jail. This fella cheated APB of only $117m was given 42 years in jail. He's in jail since 2004 and he still got another 24 years to go. Can you imagine this guy with $1.5B?

https://www.straitstimes.com/singap...k-leng-led-a-double-life-and-cheated-banks-of

 

[inf|uencer]

do note that she is also being charged

 

[inf|uencer]

Both will rot in jail. This fella cheated APB of only $117m was given 42 years in jail. He's in jail since 2004 and he still got another 24 years to go. Can you imagine this guy with $1.5B?

https://www.straitstimes.com/singap...k-leng-led-a-double-life-and-cheated-banks-of

ya more than 40 years for sure

 

[MrAwesomeX]

Both will rot in jail. This fella cheated APB of only $117m was given 42 years in jail. He's in jail since 2004 and he still got another 24 years to go. Can you imagine this guy with $1.5B?

https://www.straitstimes.com/singap...k-leng-led-a-double-life-and-cheated-banks-of

He's a legend . A real player

 

[inf|uencer]

next one will be ex hyflux owner

 

[Wanderer123]

ya more than 40 years for sure

Waaa, come out PAP not around ler,katong n yishun same grc liao.

 

[MrAwesomeX]

Juz a status symbol, price of jail not worth it, freedom is priceless. Freedom is above status.

Depends on the rewards. Freedom is useless without real financial freedom to do what you want.

You want to be corporate slave for life meh?

No risk no gain I suppose

 

[inf|uencer]

Waaa, come out PAP not around ler,katong n yishun same grc liao.

lol

 

[fishercell]

Not stupid. Just greedy.

Not geh kiang meh ?

 

[popdod]

Master of trickery
really master of the masters.

power siol.