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Serious Accountant Uses Erasable Ink To Cheat Co of $11M ! No Need To Repay! Guess Race?

JohnTan

Alfrescian (InfP)
Generous Asset
SINGAPORE - The former accounting manager of luxury goods company Chopard who siphoned $11.2 million from her employer over a period of 6 1/2 years was on Monday (Aug 15) sentenced to 15 years' jail.

Chew Siew Lang, 53, misappropriated most of the money using erasable ink to write on cheques made out to Chopard's suppliers for bogus transactions.

After getting the required two signatures - Chew herself was authorised to sign Chopard's cheques - she replaced the payee's names with her own.


The offences took place between January 2006 and August 2012.

Chew spent at least $2.1 million of her ill-gotten gains on 4D lottery bets - she wrote 76 cheques of between $20,000 and $68,000 to a Singapore Pools retailer to gamble the money.

In December last year, she pleaded guilty in the High Court to 56 charges - six counts of criminal breach of trust, 30 counts of falsification of accounts and 20 counts of using the benefits of her criminal conduct.

Another 187 similar charges were taken into consideration.

The prosecution had sought 18 to 20 years' jail. But the defence argued that Chew has an impulse control disorder which turns her into a pathological gambler.

The case was adjourned after Justice Woo Bih Li questioned if there was a causal link between her mental disorder and her offences.

On Monday, Chew's lawyer, Mr Daniel Chia, told the court that his client is not pursuing the point about her disorder after the prosecution submitted two psychiatric reports. He sought a jail term of 12 years.

In sentencing, Justice Woo noted that it was good that Chew has the support of her family. "However, I also have to take into account that you misappropriate a very huge sum for which only a small portion has been recovered," said the judge.

Chopard, a Geneva-based company known for its watches and jewellery, did not know that Chew was embezzling money and found out only when the Commercial Affairs Department started investigating her based on a tip-off.

The company sacked her in August 2012 and two months later, filed a civil suit against her. It has only managed to recover $197,000.

http://www.straitstimes.com/singapo...rce=Facebook&xtor=CS1-10#link_time=1471241652
 

Pinkieslut

Alfrescian
Loyal
Easy to guess. Low class peasant Sinkie chink race.

If FT race already run road with $11MiL overseas Liao. Got such stupid idiot use money go bet Toto.
 

winnipegjets

Alfrescian (Inf)
Asset
Chew spent at least $2.1 million of her ill-gotten gains on 4D lottery bets - she wrote 76 cheques of between $20,000 and $68,000 to a Singapore Pools retailer to gamble the money.

How stupid can she be? She has $11 million and she spent 20 percent it on 4D! The beneficiary is the 4D operator lah.
 

fupikee

Alfrescian
Loyal
$11million on 4D instead of buying property ?!

She is definitely insane.

$11m and she spent 20% on 4d and toto....what happened to the other 80%? OK maybe another 20% on luxurious lifestyle, then there is still 60% - must have been salted away somewhere. Unfortunately, now that she kena 15 years, if she were to be released after this time, also will not be able to fully enjoy these ill gotten $$$$. Her health and even her mind would be spoilt by prison diet and conditions....not a good way to go, neh....:(
 

chootchiew

Alfrescian (Inf)
Asset
I'm curious with these white collar crimes about 1 thing. When they misappropriate the money their thinking is take first later then say or take and no one will ever know ..maybe narong can shed some lights on this.
 

JohnTan

Alfrescian (InfP)
Generous Asset
I'm curious with these white collar crimes about 1 thing. When they misappropriate the money their thinking is take first later then say or take and no one will ever know ..maybe narong can shed some lights on this.

I am concerned that in a number of white collar and cheating crimes, the criminals are only sent to jail and crumbs are recovered. Whatever monies not recovered is taken as gone forever or henceforth the property of the thief. I have tightened procedures in my office to ensure cheats can't siphon off lots of my company's funds.
 

Narong Wongwan

Alfrescian (Inf)
Asset
I'm curious with these white collar crimes about 1 thing. When they misappropriate the money their thinking is take first later then say or take and no one will ever know ..maybe narong can shed some lights on this.

Note that her employer was clueless and it was a tip off that led to her arrest.
The fact she didn't run is also proof of her confidence that she will not get caught and could continue siphoning.,
Similar to lam cheng fong, SIA guy, APB guy......it was outside parties who tipped off the police.
In the case of APB chia if he had not cooperated.....CAD din know where to start looking too.
 

Narong Wongwan

Alfrescian (Inf)
Asset
Damn dumb fuck sinkie logic but a m&d or shit skin wouldn't have been able to pull this off

Ah nehs are also cunning bastards.
But m&ds usually aren't that savvy.....their white collar gigs are usually straightforward CBT take money and run.
Example lawyer David Rasif case also a simple grab and run.
 

scroobal

Alfrescian
Loyal
David Rasif is a jew, no Malay or Indian blood.

Ah nehs are also cunning bastards.
But m&ds usually aren't that savvy.....their white collar gigs are usually straightforward CBT take money and run.
Example lawyer David Rasif case also a simple grab and run.
 

Pinkieslut

Alfrescian
Loyal
Note that her employer was clueless and it was a tip off that led to her arrest.
The fact she didn't run is also proof of her confidence that she will not get caught and could continue siphoning.,
Similar to lam cheng fong, SIA guy, APB guy......it was outside parties who tipped off the police.
In the case of APB chia if he had not cooperated.....CAD din know where to start looking too.

All these are dumb fuck sinkies including that AIA retard looking bitch Sally Low.

Brain washed to think Sinkieland is bestest and hang around to get capture. Must be one of those 'overseas got racism mah, overseas dangerous mah'. Only PAP land the very best!

FTs would have quickly hoot properties and assets overseas, run road to low cost cheapo countries live like a king.
 

scroobal

Alfrescian
Loyal
I don't think the Police did enough to track where the money went. She wrote 76 cheques for slightly over $2m to Singapore Pools. Nothing in the article suggest where the rest of the money went.

Imagine if she had squirreled away 11m and it is there when she comes out. Damn shiok la. Can buy 3 condos and a Merc. Keep the rest.
 
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