7 years’ jail for woman who tricked godson into giving her over $1m in fake investment scheme
SINGAPORE – A woman was jailed after she tricked her godson into handing her more than $1 million for a fake investment scheme she claimed would bring in large dividends.
Deputy Public Prosecutor Tay Jia En said that in 2018, Low met a freelance tutor known as Russell, 34, at a tuition centre, where she worked as an administrator.Low would tell Russell that she was affiliated with many rich and powerful people, including the owners of Hong Leong Bank. Despite a lack of formal documentation to support her claims, Russell agreed to invest as he trusted his godmother.
She also lied to him that she had earlier topped up his investment account with $100,000 so that he would give her $32,000 that she needed for a cancer treatment. Low was employed as Alice’s personal assistant and part-time telemarketer, and Alice trusted her as a friend.Boy, 16, among 6 people accused of money laundering-related offences linked to scams
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