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By Alvina Soh | Posted: 12 December 2011 1916 hrs
SINGAPORE: A former sales assistant was sentenced to six years' jail on Monday after pleading guilty to eight counts of cheating and one count of criminal breach of trust.
Tang Yong Kwok, 31, was dismissed from his former company Norman Audio on February 28 this year after he failed to explain why some equipment went missing.
Despite his dismissal, Tang duped his past customers, convincing them that he was still selling audio equipment from the company but at a discounted price.
As a condition for selling the equipment at lower prices, Tang insisted that his customers pay in full and in cash.
His customers, who were unaware that Tang had left the company, paid him between $1,300 and $10,000 each time. He cheated customers with this ruse to a total of $86.600.
However, the goods were not delivered and Tang became uncontactable.
The court also heard that Tang used the money for gambling activities.
His ruse came to light after an inventory check revealed discrepancies between the stock levels and sales records.
Man embezzles from company of 9 years Lina Chan
inSing.com
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Tan Yong Kwok was sentenced to six years in jail on Monday (12 Dec) for embezzling one million dollars from the company he worked at as well as for cheating money from his friends and former customers.
The 31-year-old audio equipment salesman at Norman Audio would offer his customers discounts if they paid in cash or by cash cheque. He would then deliver the goods to them without entering the sale proceeds into the company's account.
According to a report in The Straits Times, Tan was eventually caught by his employer and was fired. But his crime did not stop there. A regular gambler at the Marina Bay Sands, Tan continued to swindle money from other people to pay off the gambling debts he owed to loan sharks.
He would contact old customers who were unaware that he had been fired to offer them quality speakers for a good price. Tan would then meet them personally to collect either deposits, or full payments from the customers and issue them handwritten Norman Audio receipts.
Eighteen customers fell for the scam and one of them, Chong Chi Tat, 62, said he paid $7,000 for a Dreamline speaker cable, which was originally priced at $10,000. But he never received his goods. Despite embezzling $1.08 million from his former company and pocketing $80,000 from the 18 victims, Tan wanted more.
He went on to contact an old friend, Ong Chong Tian, and offered to sell him a home theatre system for $10,000. Ong bargained it down to $9,400 and paid Tan with a cash cheque. When the item was not delivered, Ong called Norman Audio, only to realise that he had been cheated.
Ong made a police report and Tan was arrested on 14 June. Norman Audio only realised how much money was being embezzled three months after firing Tan. Tan pleaded guilty to criminal breach of trust and cheating.
He could have been jailed for up to 15 years and fined up to $10,000. None of the money he pocketed has been returned and Tan is still in debt.
