Woman cheated victims of S$1.39 million in investment scams, evaded police for 10 years

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Low Mood Chay would lure her victims in by gaining their trust before telling them of a special investment scheme she had access to because of certain connections she supposedly had with owners of banks.

SINGAPORE: A woman cheated multiple victims of S$1.39 million in investment scams, including her own"godson" and a property agent she was working for.

The property agent grew to trust Low as a friend. In July or August 2011, Low told the agent about a purported investment scheme which guaranteed yielding dividends of up to 18 per cent per annum. She even allowed Low to rent a place together with her for five years, so that Low could"mentor" her closely to pass a test to qualify as AFIG's property agent in Singapore.

She plied him into"investing" into a special scheme which she claimed to have access to due to the special relationship she had with Hong Leong Bank's owners.

 

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