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

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dambio

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0218crawford said:
don know how many cos out there with lousy payment controls kena siphon daily. :(
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Just takes a few to be in cahoots with each other la. U submit I approve.

Do with outside contractors also can. Submit inflated claims then later split D proceeds. All done legally.
Char_Kuey said:
typical JHK and their upbringing lor.. thats why bring a lot of sh!t over from their bolehland and still dare to accuse SG of this and that.. keep blaming their G but never use mirror before
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They just wan a relax n easy environment mah. Then song song take salary n exchange back 1:3.5.
 
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Joseph12

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Char_Kuey said:
why you make it sound like selective audit instead
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Audit almost never is 100%
Can imagine how much paper trail one case alone produces
Imagine one month is how many different parts to audit

Best way is to use technology to overcome
Like double payment for one item will.be rejected outright by system
 
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Char_Kuey

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dambio said:
Just takes a few to be in cahoots with each other la. U submit I approve.

Do with outside contractors also can. Submit inflated claims then later split D proceeds. All done legally.

They just wan a relax n easy environment mah. Then song song take salary n exchange back 1:3.5.
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all these JHK always resort to scam, backstab and insults to have easy way out.. then turn around blame their G for everything wrong with bolehland.. modern day joke
 
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Char_Kuey

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Joseph12 said:
Audit almost never is 100%
Can imagine how much paper trail one case alone produces
Imagine one month is how many different parts to audit

Best way is to use technology to overcome
Like double payment for one item will.be rejected outright by system
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you miss my point, never mind then
 
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dambio

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Char_Kuey said:
all these JHK always resort to scam, backstab and insults to have easy way out.. then turn around blame their G for everything wrong with bolehland.. modern day joke
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Ain't it so! D environment they come from shapes their mentality.
 
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woonwoonjiakbeehoon

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Shion said:

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.
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shiok siah, go in changi chalet 5 years (4 years after discount maybe? :spin: :spin: :spin: ) jiak FOC on our money and then return to bolehland and enjoy her 800k SGG. Song MAX
 
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Char_Kuey

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dambio said:
Ain't it so! D environment they come from shapes their mentality.
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I think its a mutual relationship, their mentality shapes the environment which deepens the shape of their mentality and thus reshaping the environment in that direction
 
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dhlnsz

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MegatonNev said:
google her name and her name appeared on two lucky draws ...
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Yes. Yes. I saw that too. Use the ill gotten gains to take part in lucky draws. AXS and ez links. Must be using the stolen monies to take part in lucky draws many many times esp. AXS draw no. 4
 
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