Jail for man who agreed to be director of shell firms later used for million-dollar scam proceeds
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SINGAPORE – Tempted by fast cash, a man agreed to be a «dummy director» of multiple companies, and one of them later processed US$1 million (S$1.3 million) in scam proceeds in its bank account.Tan Yew Sin also tried to deposit a cashier’s ordeJail for man who agreed to be director of shell firms later used for million-dollar scam proceeds
SINGAPORE – Tempted by fast cash, a man agreed to be a «dummy director» of multiple companies, and one of them later processed US$1 million (S$1.3 million) in scam proceeds in its bank account.Tan Yew Sin also tried to deposit a cashier’s order for over $7 million in scam proceeds for another company.Both firms – Accord Technology and Huachang Trading – were shell companies with no legitimate businesses, the court heard.On Nov 10, Tan, 24, a Singaporean, was sentenced to two years and three months’ jail after he pleaded guilty to offences including those linked to the benefits of criminal conduct.Deputy Public Prosecutor Grace Teo told the court that Tan had earlier responded to a job advertisement on messaging platform Telegram in May 2021.He was then directed to an unidentified person known only as «Lerex», who offered him $5,000 to become a nominee director for “people from overseas who want to do business in Singapore”.Without asking for more details, Tan accepted the offer and shared information such as his identity card number and full name with Lerex. Read more














