Woman jailed for cheating 53 people of $35m

May 18, 2019 5:00 AM

A housewife who ran a ponzi scheme from 2010 to 2015 and cheated 53 people of more than $35 million in total has been jailed for 14 years. Leong Lai Yee had duped her victims into believing that she would use the funds they had invested to buy “distressed properties” and sell them for a profit.

Original published: 2019-05-18 05:00:00 Read the full Singapore News here


Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.