ST - 5 years, 10 months’ jail for S’porean man involved in $32m luxury goods scam with Thai wife

[dambio]

32 mil was the total amount of money scammed.

So far, the husband kenna 6 years, the wife (mastermind) expected to kenna 15 years, plus still has 150 more charges pending.

https://www.straitstimes.com/singap...ng-14-to-15-years-jail?ref=more-on-this-topic

That's 15 + 6 years so far. Not including the jail sentences for the 2 bodohs who helped smuggle them into Malaysia inside a container truck.

Properties, car and bank accounts seized and will be used to repay claimants. There will be audit trails of where these scammers squirrelled the illegal proceeds. So they will still need to pay back the victims.

Unfortunately, since the company has liabilities from operational losses plus the scammers have already used a huge part of the 32 mil, successful claimants will only get back a fraction of their money.



The dark side of course must make itself very attractive, otherwise, no one would be tempted because the consequences are so dire.

Hope authorities can find out all their assets. Or maybe got hidden elsewhere also.

 

[Chocoz]

Seeking a jail term of between 5½ years and 6½ years, DPP Koh said Pi’s role as a director of both Tradenation and Tradeluxury meant he had a duty to run the firms in a responsible manner and meet their obligations to customers.

5.5 to 6.5 years for a $32m scam.

“He essentially operated as a bank transfer assistant and deliveryman for Pansuk. Even for the deliveries, he depended on his wife for the addresses and the goods to deliver.

Bank transfer assistant and deliveryman... HA HA HA HA HA...

And are these not considerations for a heavier sentence?

The court heard that Pi did not make any restitution to the victims.

+

The couple became uncontactable and fled Singapore in the container compartment of a lorry on July 4, 2022.

Warrants of arrest and Interpol red notices were issued against them.

 

[Rathcycle]

32 mil was the total amount of money scammed.

So far, the husband kenna 6 years, the wife (mastermind) expected to kenna 15 years, plus still has 150 more charges pending.

https://www.straitstimes.com/singap...ng-14-to-15-years-jail?ref=more-on-this-topic

That's 15 + 6 years so far. Not including the jail sentences for the 2 bodohs who helped smuggle them into Malaysia inside a container truck.

Properties, car and bank accounts seized and will be used to repay claimants. There will be audit trails of where these scammers squirrelled the illegal proceeds. So they will still need to pay back the victims.

Unfortunately, since the company has liabilities from operational losses plus the scammers have already used a huge part of the 32 mil, successful claimants will only get back a fraction of their money.



The dark side of course must make itself very attractive, otherwise, no one would be tempted because the consequences are so dire.

Out of the 32mill scammed. Confirm some could have been used to buy some crypto or gold certs and kept in some wallet and safe places. Come out still can access to run elsewhere, possibly appreciated over time too.
Where got possible to trace back every cent.
Support shan for caning for scammers. But jail term still too short, in China I think they kena firing squad liao.

 

[bobo07]

5 years jail in Exchange of 32million is jin wu hua

 

[snowblaze]

how to appeal to make them face longer jail term and caning?

https://www.channelnewsasia.com/sin...penal-code-law-bill-amendment-sim-ann-5400056

 

[whatheheck]

so what happened to the 32M or 32M worth of goods?

 

[nasfieldjohn]

scam 30millions for 5 yr jail
huat ah

 

[snowblaze]

scammers are scums of society

I agree. Especially those with malicious intent to cheat life savings if elderly who are not educated or having illness life etc.

 

[SecretAgent]

Cum out of prison still a dragon!

 

[fortunehunter]

Scam now got rotan right?
Please rotan them

 

[Medicated Oil]

Hope authorities can find out all their assets. Or maybe got hidden elsewhere also.

Should be well hidden and awaiting for their release.

 

[dambio]

Should be well hidden and awaiting for their release.

U know d saying. A cunning rabbit has 3 burrows. In those Caribbean countries.

 

[Medicated Oil]

U know d saying. A cunning rabbit has 3 burrows. In those Caribbean countries.

If he bought crypto, then it is more than enough.

 

[kodomo80]

so that means he will be out in 2 yrs since he oredi tio caught in 2022?

 

[Acetone]

so that means he will be out in 2 yrs since he oredi tio caught in 2022?

Yeah, he will be out soon.

 

[kodomo80]

Yeah, he will be out soon.

jin song leh, i also want a corvette leh

 

[boredom2012]

This case take so long to conclude

 

[dambio]

If he bought crypto, then it is more than enough.

Depends on which crypto they bought

 

[Medicated Oil]

Depends on which crypto they bought

Bitcoin will eventually rebound.

 

[dambio]

Bitcoin will eventually rebound.

Depends on sentiments n developments. If nothing else, it sure will.