ST - Ex-SAF captain admits breaking into home, took picture of crypto wallet access info, stole funds

The Legionnaire

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After serving the sentence..he will be living his life without much worrying! Not too smart being caught but neither he's dumb too!
 

106gunner

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Bro, The Cap salary is like installment payment like that.

The 1.7M bitcoin is like a signing bonus.

I think pretty no brainer why he chose to take his chances. :s13:
Judging from the news he was in gambling debt hence resort to such desperate measure
 

vespaguy

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29fc677bab250b87340cdbd8ba8f77ce31d087c520644634f3d75f72ad093155

Teo Rong Xuan used his ill-gotten gains to buy luxury watches as well as settle his gambling expenses and mortgage payments. ST PHOTO: KELVIN CHNG
  • SAF Captain Teo Rong Xuan stole 1.7 million USDT from a man after breaking into the latter's home.
  • Teo pleaded guilty to housebreaking, misusing a computer system, and dealing with ill-gotten gains.
  • He will be sentenced in November.
https://www.straitstimes.com/singap...of-seed-phrase-and-later-stole-cryptocurrency
this guy should have his name blacklisted on any and all NDU records, SAF records and then made to do a drown proofing simulation with 10cent coins worth 1million USD tied to his ankles. If he makes it, he lives to squat in changi, if he doesn't, we feed him to the sharks. bloody horrible. Got a cushy highly paid job as captain in NDU and he squanders it.

Pakcik didn't know NDU trains its operators in hacking and IT skills too.
 
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vespaguy

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Well he come out of jail still a millionaire
exactly. we need a better system to force the proceeds out of them for their entire lives. otherwise, we are just feeding and housing them for the duration of the term, and after that, they are laughing their bola(s) off enjoying the ill-gotten proceeds.
 

zekrom007

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exactly. we need a better system to force the proceeds out of them for their entire lives. otherwise, we are just feeding and housing them for the duration of the term, and after that, they are laughing their bola(s) off enjoying the ill-gotten proceeds.
the article writes

of the 1.7 million USDT that he stole,
- 100,000 USDT was transferred to an illegal gambling website.
- 500,000 USDT was used for cryptocurrency transactions, mostly involving an illegal gambling website
- around 1.1 million USDT was converted to US dollars, and transferred to his bank account then to settle multiple payments.

after that, still got money?
 

Akky85

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exactly. we need a better system to force the proceeds out of them for their entire lives. otherwise, we are just feeding and housing them for the duration of the term, and after that, they are laughing their bola(s) off enjoying the ill-gotten proceeds.
If it's due to financial crimes, scamming or cheating then the default punishment should be for them to fork out every single cents that was stolen, ON TOP of whatever the law is supposed to dished out as well.

If already used and no able to return, the punishment is simple, 2 years for every X amount, say maybe every 5K.

If u steal like 10M not able to return? Good luck.

Some ppl will kpkb why need feed those ppl but i think this is better then letting them go and ''enjoy'' after XYZ timing in prison, still much better off then most ppl who have been putting in effort to ensure they are good citizens.

We want to reward good behavior not bad behavior.
 
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