Travel agency director jailed 10 years for cheating over S$6.6m

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http://www.todayonline.com/singapore/woman-jailed-10-years-cheating-over-s66m

Brenda Ng Lay Yen, a director at Boutique Holiday, has been sentenced to 10 years in jail for cheating and related offences worth over S$6.6 million.

The accused has admitted to 75 offences including cheating, theft and forgery of valuable security. The first set of offences were committed when she was introduced to gambling by her boyfriend.

There were 28 victims in total.

Ng would approach the victims and tell them she was engaged in various investments -- including in diamonds, oil and Universal Studio tickets, where investors reaped high profits.

To facilitate these crimes, Ng stole a cheque book and committed forgery by signing those cheques. She would issue personal, company and third-party cheques to victims as a form of “security” on the investments.

She would tell the victims that they would be able to cash out the cheques at a later date to receive the profits, but the cheques would bounce.

A restitution of some S$2.3 million has been made.