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Ex-DBS manager who cheated clients of $348,000 jailed
The Straits Times
|March 19, 2025
Man who duped victims into investing in fictitious fixed deposits gets 2½ years in jail
A former wealth planning manager with DBS Bank, who cheated four of his clients of $348,000 in total, was sentenced to 2½ years' jail on March 18.
Pang Yuheng, 28, had duped the victims into investing in fictitious fixed deposits with "attractive terms".
The Singaporean pleaded guilty to three counts of cheating involving $324,000 in February.
Three more charges, including one count of cheating linked to the remaining $24,000, were considered during his sentencing.
Pang's employment was terminated in June 2023. While he was working for the bank, his responsibilities included selling insurance-related investment products to its customers.
This story is from the March 19, 2025 edition of The Straits Times.
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