jonesftw
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A financial adviser told four clients that he could sell them exclusive “resale" insurance policies, forging several documents to support his claims.
However, these policies did not exist and Alvin Koo Jing You cheated his clients into transferring more than S$300,000 to his personal bank account.
He used the money to pay for personal expenses such as his mother’s operation fees and credit card loans, business expenses, and to make restitution to some victims when they found out about his scheme.
On Friday (June 3), Koo was sentenced to two years and eight months’ jail after pleading guilty to three counts of forgery for the purpose of cheating. Three other similar charges were taken into consideration for sentencing.
The 35-year-old Singaporean worked for Great Eastern Life Assurance at the time of his offences from 2017 to 2019. He was fired from the insurer in early 2019 after his actions came to light.
https://www.todayonline.com/singapore/jail-financial-adviser-sold-bogus-insurance-policies-1915706
However, these policies did not exist and Alvin Koo Jing You cheated his clients into transferring more than S$300,000 to his personal bank account.
He used the money to pay for personal expenses such as his mother’s operation fees and credit card loans, business expenses, and to make restitution to some victims when they found out about his scheme.
On Friday (June 3), Koo was sentenced to two years and eight months’ jail after pleading guilty to three counts of forgery for the purpose of cheating. Three other similar charges were taken into consideration for sentencing.
The 35-year-old Singaporean worked for Great Eastern Life Assurance at the time of his offences from 2017 to 2019. He was fired from the insurer in early 2019 after his actions came to light.
https://www.todayonline.com/singapore/jail-financial-adviser-sold-bogus-insurance-policies-1915706
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