Two charged for attempt to defraud CPF
The Edge Singapore - Latest News·2021-03-31 17:01
Charges have been brought against Chen Zhihao Samuel and Wong Tuck Wai Raymond for carrying out a scheme to defraud the Central Provident Fund (CPF) board.
Between September 2017 and January 2019, Chen withdrew funds from his CPF Ordinary Account (OA), by incurring trading losses when he bought shares from Wong at artificially high prices and subsequently sold the shares to Wong at artificially low prices.
……Read full article on The Edge Singapore - Latest News
Singapore CPF News
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Tony Tan8490 05/04/2021
One word to describe both of them - stupid. Only cpf can your fund. Don't think you can outsmart them
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Alicia Tan3288 04/04/2021
Unbelievable! Of all organizations CPF!
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Minime 05/04/2021
You can’t cheat the government organisation because you will be caught eventually. Now you face jail time.
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