SINGAPORE - He was a Singapore Armed Forces regular when he worked with others to cheat two people of more than $541,000 in total in an investment scheme between 2016 and 2017.
Three other charges relating to the remaining amount, involving both V1 and V2, were taken into consideration during sentencing. “The trio invited people to invest in the business of the ‘US Boss’ and they promised a 140 per cent return on investment in merely 28 days.”In fact, 1Meltz was a Ponzi scheme and the DPP said the trio took most of the investors’ cash for themselves and to pay other investors their promised “investment returns”.
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