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Jail for ex-insurance agent who cheated man of over $543k in fictitious scheme
The Straits Times
|December 10, 2024
A former insurance agent who duped a man into transferring more than $543,000 to him over 35 occasions from March 2018 to March 2019 was sentenced to two years and eight months' jail on Dec 9.
Andrew Tiew Siew Ing, 44, who had managed to convince the victim to take part in an "investment opportunity" that did not exist, pleaded guilty to two cheating charges and an unrelated assault charge on Nov 25.
Four more cheating charges were considered during his sentencing.
Tiew, whose employment with an insurance firm was terminated in May 2018, has since made more than $16,000 in restitution to the 44-year-old victim.
In earlier proceedings, Deputy Public Prosecutor Lee Da Zhuan said the scammer was working as a bank relationship manager when he got to know the victim's mother, who became his customer.
This story is from the December 10, 2024 edition of The Straits Times.
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