Financial crimes
Former Credit Suisse VP jailed 13 years for forging transactions costing bank S$14m in compensation
[SINGAPORE] While employed at Credit Suisse, a woman forged at least 112 letters to perform unauthorised transactions on her clients’ accounts, which eventually cost the bank S$14.35 million in compen...
Singapore rejects request to release funds from firms linked to alleged Cambodian scam kingpin Chen Zhi
[SINGAPORE] A district judge from the State Courts has dismissed the application made by a former employee of alleged Cambodian scam kingpin Chen Zhi, for the release of seized funds.
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud
Ex-director and founder of Agritrade International charged with cheating investment platform
Ng Say Pek was arrested on Dec 1 after being on the run for over five years
Complaints to Fidrec hit 20-year high; scam-related cases spike
Fraud and scam-related disputes account for 1,285 claims, up 55% from the year before
Singapore court clears way for US$2.7 billion suit against StanChart in 1MDB scandal-linked claim
Claims involve an alleged US$150 million deposit to Najib Razak and US$77 million for his wife Rosmah Mansor’s bags and jewellery
US charges 8, including 2 Singaporeans in global insider-trading scheme
Federal prosecutors in Boston said the scheme ran from 2016 to 2024 and was led by a former Merrill Lynch banker in France
KTL Global ex-CEO Tan Kheng Yeow jailed two years eight months for S$1m CBT
Tan used the funds to support false trading scheme, for which he was jailed for eight months in 2024
US sanctions three Singaporeans in global fraud takedown tied to Cambodian scam empire
Seventeen entities registered here have also been sanctioned
Three individuals fined S$105,500 for false declarations, consent lapses
They will be barred from acting as directors for five years following convictions
