'Heartless con artist': Chen Liping, Lin Meijiao lose $460k to fake investment schemes

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SINGAPORE - A woman whom the prosecution described as a “heartless con artist” cheated two people out of more than $2.1 million by using fictitious investment schemes involving foreign currency exchange. Deputy Public Prosecutor Jonathan Tan said in his submissions: “They were so deceived that they not only parted with their own funds, but also obtained funds from their friends...

Two prominent media personalities, Chen Liping and Lin Meijiao, gave Ms Soh a total of $460,000 to invest with Wu Hong.SINGAPORE - A woman whom the prosecution described as a “heartless con artist” cheated two people out of more than $2.1 million by using fictitious investment schemes involving foreign currency exchange.

Wu Hong, 41, was sentenced to 12 years’ jail on Tuesday. District Judge Soh Tze Bian had earlier convicted her of five cheating charges after a trial. DPP Tan said Wu deceived them with fictitious investment schemes to provide visitors who are Chinese nationals with Singapore currency for their expenditure here, particularly for gambling in local casinos.According to court documents, two prominent media personalities, identified as Tan Lee Peng and Lim Mooi Keow , gave Ms Soh a total of around $460,000 to invest with Wu. The prosecutor told Judge Soh that Wu’s representations were false because the purported investment schemes did not exist.

 

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