A nefarious property agent has been sentenced to a year’s imprisonment for various embezzlement offences, including stealing rental money from his client and forging signatures to collect misappropriated funds.
TODAY reports that 37-year-old Fong Wai Loon was sentenced by the State Courts yesterday for forgery for the purpose of cheating and criminal breach of trust.
Fong had offered his assistance to Indonesian businessman Rocky Bastiaan to rent out his apartment unit located on Scotts Road — the property agent was to collect a cheque for $6,300 every month and deposit it into his client’s bank account on his behalf.
Taking advantage of his powers as an intermediary, Fong drafted a letter directing the rentee to set up an arrangement for the monthly rental fee to be directed into a United Overseas Bank (UOB) account under his name, signing off with a Bastiaan’s forged name and signature.
A total of $37,800 was transferred into Fong’s UOB account over a period of six months in 2009. The law firm that rented out the unit stopped delivering money into the account upon discovering the forgery.
The district judge declared that the amount stolen was substantial, but due to Fong making remunerations for his embezzlement, his sentence has been reduced to a total of 12 months in prison without fine.
Photo: Victor via Flickr
A nefarious property agent has been sentenced to a year’s imprisonment for various embezzlement offences, including stealing rental money from his client and forging signatures to collect misappropriated funds.
TODAY reports that 37-year-old Fong Wai Loon was sentenced by the State Courts yesterday for forgery for the purpose of cheating and criminal breach of trust.
Fong had offered his assistance to Indonesian businessman Rocky Bastiaan to rent out his apartment unit located on Scotts Road — the property agent was to collect a cheque for $6,300 every month and deposit it into his client’s bank account on his behalf.
Taking advantage of his powers as an intermediary, Fong drafted a letter directing the rentee to set up an arrangement for the monthly rental fee to be directed into a United Overseas Bank (UOB) account under his name, signing off with a Bastiaan’s forged name and signature.
A total of $37,800 was transferred into Fong’s UOB account over a period of six months in 2009. The law firm that rented out the unit stopped delivering money into the account upon discovering the forgery.
The district judge declared that the amount stolen was substantial, but due to Fong making remunerations for his embezzlement, his sentence has been reduced to a total of 12 months in prison without fine.
Photo: Victor via Flickr