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15 August 2023-The 10 accused in this case are arrested. Assets worth over 1 billion Singapore Dollars were either seized, frozen or issued prohibition of disposal orders, including vehicles, Bearbricks, properties, luxury items, grand pianos, liquor and wine. [1][9] 16 August 2023-The 10 accused in this case are charged in court. [4]
Ng Yu Zhi. Ng Yu Zhi (born c. 1987), [1] also known as Ng You Zhi, [2][3] is a Singaporean alleged fraudster. The former director of Envy Global Trading, he was charged in March 2021 with running the largest Ponzi scheme [1] in the history of Singapore, worth about S$ 1.5 billion.
www.cpib.gov.sg. The Corrupt Practices Investigation Bureau (CPIB) is an independent agency of the Government of Singapore responsible for the investigation and prosecution of any possible serious or complex fraud and corruption in Singapore. The CPIB has the mandate to investigate into any acts or forms of corruption in the public and private ...
Mortgage fraud by borrowers from US Department of the Treasury [7]. Mortgage fraud may be perpetrated by one or more participants in a loan transaction, including the borrower; a loan officer who originates the mortgage; a real estate agent, appraiser, a title or escrow representative or attorney; or by multiple parties as in the example of the fraud ring described above.
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental ...
“Singapore’s Housing Development Board increases supply slowly and steadily over time, so that everyone has a place to live, and so that housing—at least, theoretically—earns a modest but ...
David Koeppel. Updated July 14, 2016 at 9:05 PM. The ultimate victim of a real estate Ponzi scheme mastermind, who allegedly defrauded millions of dollars from his clients, could turn out to be ...
Est. total population ('000) 5,917.6. Crime rates in Singapore are some of the lowest in the world, with petty crimes such as pickpocketing and street theft rarely occurring, and violent crime being extremely rare. [1] Penalties for drug offences such as trafficking in Singapore are severe, and include the death penalty.