Former accounts clerk gets 18 years' jail for embezzling S$46 million
#1
[Image: 701388.jpeg]

not sure if this news was posted before. did not see this so post here.




By Lydia Lam

07 Feb 2019 07:10PM (Updated: 07 Feb 2019 07:35PM)



SINGAPORE: A former accounts clerk embezzled S$46 million over seven years, in order to feed an extravagant gambling habit that often saw him bet more than S$100,000 at Singapore Pools every week.

On Thursday (Feb 7), Richard Tiang Teng Hoong, 69, was sentenced to 18 years' jail, after being convicted on 15 charges including criminal breach of trust as a servant and using the benefits of criminal conduct.


Read more at https://www.channelnewsasia.com/news/sin...g-11213008
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#2
Lol he must be thinking as a Christian the most jail 3 yrs. Rolling on the flor laughing
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#3
Only 1yr for every $2m++, very cheap. If you want to steal, steal big big.
Stop trying to calm the storm. Calm yourself, the storm will pass.
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#4
11-2-2019 10:13 AM
kopihothot said:
Only 1yr for every $2m++, very cheap. If you want to steal, steal big big.

You can't earn that much if you work honestly unless you are a CEO of a sizable public listed company. This fella is smart. thumbs up Laughing
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#5
If he's smart he won't be caught and end up spending the rest of his life in jail.
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#6
11-2-2019 10:24 AM
cowrider said:
If he's smart he won't be caught and end up spending the rest of his life in jail.

This is called one mountain is higher than the other! Big Grin
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#7
11-2-2019 10:24 AM
cowrider said:
If he's smart he won't be caught and end up spending the rest of his life in jail.

he smart but no smart enough lor.. cut 1/3 only 12years... if suay siao, he might die inside.
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#8
11-2-2019 10:24 AM
cowrider said:
If he's smart he won't be caught and end up spending the rest of his life in jail.

No matter how smart one is, he/she will be found out sooner or later. It should be the company's director's fiduciary duty to check on the accounts of the company, and not allow the lowly accounts clerk to do this duty........ Angry Angry Angry
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#9
11-2-2019 10:28 AM
OLT said:
he smart but no smart enough lor.. cut 1/3 only 12years... if suay siao, he might die inside.

I doubt spending 12 years behind bars when one is 70 year old is a well thought out retirement plan, even if the grandkids visit every week.
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#10
11-2-2019 9:25 AM
Levin said:
[Image: 701388.jpeg]

not sure if this news was posted before. did not see this so post here.




By Lydia Lam

07 Feb 2019 07:10PM (Updated: 07 Feb 2019 07:35PM)



SINGAPORE: A former accounts clerk embezzled S$46 million over seven years, in order to feed an extravagant gambling habit that often saw him bet more than S$100,000 at Singapore Pools every week.

On Thursday (Feb 7), Richard Tiang Teng Hoong, 69, was sentenced to 18 years' jail, after being convicted on 15 charges including criminal breach of trust as a servant and using the benefits of criminal conduct.


Read more at https://www.channelnewsasia.com/news/sin...g-11213008

actaully abit dumb leh... 100k per week, spend oso cannot spend finish. he go buy 4d/toto? hoping to win more money??

Laughing Laughing

i doubt he is thinking of winining 4d to pay back the company.
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