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Tag: Standard Chartered Bank

Last of 10 Singapore Money Launderers Jailed: Questions of Justice and Oversight

Court Cases Ben -
In a case that has riveted the international community and tested the mettle of Singapore’s legal system, Su Jianfeng, the last member of a notorious group of money launderers, has been sentenced to 17 months in jail. This marks the culmination of a sprawling investigation involving hundreds of officers and the seizure of over SGD 1 billion in assets. This was the biggest money laundering case in Singapore so far.

Singapore’s $3 Billion Money Laundering Case: Seventh Conviction Leads to 15-Month Jail Term and Forfeiture of $21.3 Million

Court Cases Charlene Lensburg -
In the latest development of Singapore’s largest money laundering case, Cambodian national Chen Qingyuan, 34, was sentenced to 15 months in jail on May 23 following his conviction on two money laundering charges and one forgery-related charge. This case, previously covered by FinTelegram, has seen significant developments with multiple arrests and substantial asset seizures. Chen Qingyuan is the seventh individual to be convicted in connection with this massive money laundering probe.

Singapore Billion-Dollar Money Laundering Case: New Charges Filed Against Chinese Suspect Lin Baoying!

Court Cases tamir -
In Singapore's largest money-laundering investigation, the Chinese national Lin Baoying, the sole female suspect among ten individuals implicated, was handed seven additional charges on Tuesday, May 21. The new allegations pertain to the possession of suspected criminal proceeds and the use of forged documents submitted to banks. During the court proceedings, Lin's lawyer announced that she intended to plead guilty. Lin herself requested an early date to enter her plea.

Urgent Warning Against Unauthorized Investment Schemes Wisecroft And Ford Beckett

Cybercrime Ben -
A few weeks ago, FinTelegram warned against the unauthorized investment scheme Ford Beckett. Its website offers a range of financial services from options trading, ETF trading and fixed income trading to wealth management and retirement planning. There is no legal entity listed but an address in Hong Kong and fake people. From victim records, we know that Ford Beckett works with several legal entities in various offshore destinations. We learned that another scheme, Wisecroft, would be operated by the very same people. Please stay away from Ford Beckett and Wisecroft.

Urgent Warning Against Investment Scheme Ford Beckett!

Investment Schemes Ben -
Ford Beckett's website offers a range of financial services from options trading, ETF trading and fixed income trading to wealth management and retirement planning. There is no legal entity listed but an address in Hong Kong. From victim records we know that Ford Beckett works with a number of legal entities in various offshore destinations, using payment processors such as Wittix, authorized as an e-Money institution in Lithuania. We strongly advise the utmost caution, from our point of view Ford Beckett is a scam.

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