Woman jailed for cheating employer out of nearly $800,000 to fund her lavish lifestyle

[Taloona]

How come the husband bo daiji ah??

He won't find it weird that his bank acct keep got money coming in??

Probably management didnt care and not willing to spent money for audit.

Can companies do without audit, especially insurance company? Has anyone heard of Liberty Insurance? Small player?

 

[Smarty22]

One word sums up poor “internal control “ on the part of her employer
Also the auditor could not uncover the fraud

 

[huihong]

"She also bought luxury bags, shoes and high-end cosmetics for herself"

Usually ladies who spend money on those should be quite pretty looking.

 

[Fishermanfriend555]

A big part is also based on the intention of the offender, not just the consequences.

I see. Thank you for explaining.
In any way, 2 deaths. RIP.
And sorry to sidetrack this thread.

 

[white_prince]

One word sums up poor “internal control “ on the part of her employer
Also the auditor could not uncover the fraud

No wonder they failed to uncover this

 

[0218crawford]

don know how many cos out there with lousy payment controls kena siphon daily.

 

[snowdrop05]

dont know own how much land in her hometown

 

[GarnetDragon]

Lol at her name Jelly, she's feeling jelly of Sinkies lol

 

[lifeafter41]

Confiscate her CPF if she doesn't pay for her crimes.

This one another level Liao……..lol

 

[Newtype_com]

Comparing the sentence of this and the Tampines traffic accident.
driving death is up to 8 years.
This cheating is up to 10 years.
Money > death?

Welcome to Sinkieland laws

Can hang for drug offences

Actual vehicular manslaughter (multi-kill) only have driving ban and short jail term

Financial crimes also longer than vehicular manslaughter

 

[TickTechToe]

Many bbfa jelly of her..

 

[Smarty22]

Seems company entrusted and empowered her to approve claim and made payment within her authorisation limit without checking and the fraud only came to light after so many years

 

[i3z...]

How come the husband not charged? Not considered money laundering? He don't know why got so more cash?

 

[0218crawford]

the real kicker is after release from jail 5 years later, i am not surprised if some kum gong firm go hire her in some payment role....

got precedent case....already convicted of dirty hands, still can get hired to handle money.

https://www.straitstimes.com/singap...off-with-nearly-120k-of-then-employer-s-money

 

[Moonnite_Firefly]

really boh huah... cheat 800k jail five years... cheat and wash billions of money jail 13mths... sometimes i dun understand how sg law works,,, shouldnt the wash money one be dealt with more harshly since it involves billions... instead the one cheating for meagre and derisory sum got more heavy punishment~~

 

[tan kuku]

Why marnee laundering billions only 13 months but this Sinkie 800k tiok 5 years??

 

[MegatonNev]

I think my ex company was using Liberty during 2018/19 period... super long time to get claims approved and need to constantly call and asked about the status...

was informed by broker that they have massive resignations and not enough employees to work on the claims....

 

[zensushi]

Woman, Jelly Chua Li Li, jailed for cheating employer out of nearly $800,000 to fund her lavish lifestyle​

No wonder I've seen people wearing T-shirts with this message!

 

[TehOPengSiuDai]

Why marnee laundering billions only 13 months but this Sinkie 800k tiok 5 years??

Highly doubt she is sinkie lah. More likely JHB PR.

 

[TehOPengSiuDai]

Woman jailed for cheating employer out of nearly $800,000 to fund her lavish lifestyle​

https://www.straitstimes.com/singap...of-nearly-800000-to-fund-her-lavish-lifestyle

SINGAPORE – A senior claims manager at an insurance firm cheated her company out of nearly $800,000 over a span of five years from 2015 to 2020.

She then used the money to fund a lavish lifestyle, including her travels overseas and dining out. She also bought luxury bags, shoes and high-end cosmetics for herself.

On April 24, Jelly Chua Li Li, 40, was sentenced to a total jail term of five years and one month.

She had earlier pleaded guilty to three counts of cheating, and two charges of dealing with the benefits of her criminal conduct.

Seven other charges were taken into consideration for sentencing. Court documents do not reveal the nature of the charges.

Chua, 40, was employed by Liberty Insurance between 2011 and 2020. Starting off as a recovery executive, she rose to a senior claims manager by the time her offences came to light.

She could authorise payment claims for insurance files for payments, and her authorisation limit for approving and creating claims at the firm rose from $30,000 to $100,000 as she rose through the ranks.

Court documents said no further checks by the company would be made if Chua had approved an amount that fell within her authorisation limit.

The prosecution said from 2015 to 2020, Chua submitted 131 separate fraudulent insurance claims amounting to $790,793.03 from her company’s payment system, that were paid into both her and her husband’s bank accounts.

During the same period, Chua transferred $66,869.50 of the proceeds to a bank account in Malaysia.

The prosecution said Chua had shown a high level of premeditation and planning for her crimes.

She had cheated her firm by either reusing old invoices to support her fraudulent claims, or reopen closed files to create and approve more claims, credited to herself or her husband.

For both her methods, Chua made sure to select the Giro payment option, as she knew under Giro, remitting banks do not check if the payee’s name matches the account holder’s name.

Court documents said Chua primarily used her husband’s bank account to avoid detection, as she knew Liberty had details of her bank account.

Her act only came to light in September 2020, after Chua’s colleague noticed that there were duplicates of payments made to the same law firm that provided services to Liberty.

Further checks led to the discovery of multiple duplicate and fraudulent payments made by Chua. She confessed to the fraudulent payments when confronted by the company.

The prosecution, which sought a sentence between 68 to 74 months’ jail, said Chua was not truly remorseful as she only stopped when she was caught.

The prosecution said Liberty only managed to recover a “meagre” $17,021.21, or less than 3 per cent of the total amount Chua had cheated her firm out of.

She has not made any voluntary restitution to date.

For each count of cheating, an offender can be jailed for up to 10 years and fined.

For each count of dealing with the benefits of criminal conduct, a person may be jailed for up to 10 years or fined up to $500,000, or both.

Her name alone is winner liao. Now she has a secret stash hidden somewhere, after serving her sentence, can go do plastic surgery, change looks and change name then continue to scam another company.
Scammers really winners!