A former director at crypto-mining firm Frontier Digital Asset Management, who was entrusted with $270,400 of its monies, allegedly misappropriated the amount shortly before 1am on Aug 31. Lek Tai Yong, 26, is then said to have made a false police report later that morning,...
Lek Tai Yong allegedly made a false police report claiming that two people had robbed him, while Eddie Ong Wei Xian was charged with abetting Lek to commit criminal breach of trust.A former director at crypto-mining firm Frontier Digital Asset Management, who was entrusted with $270,400 of its monies, allegedly misappropriated the amount shortly before 1am on Aug 31.
Lek, who used to be a director at several other firms, including Frontier Capital Asset Management, Frontier Mining and Gatdat, was charged on Wednesday with one count each of criminal breach of trust and giving false information to a police officer. According to court documents, Lek had been entrusted with the $270,400 when he allegedly misappropriated the amount at Block 586A Pasir Ris Street 53.
In their statement, the police added that Lek allegedly made a report at around 3am on Aug 31, claiming that two unknown people had robbed him of the monies at Pasir Ris Park.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Man accused of misappropriating over $270k allegedly lied to police he was robbed of the cashAnother man was charged with abetting the former company director to commit criminal breach of trust. Read more at straitstimes.com.
Read more »
Money No Enough 3 touches on ‘scary’ online scammers and digital dangers, says director Jack NeoNeo and frequent collaborators Mark Lee and Henry Thia are back for the 2024 Chinese New Year sequel. Read more at straitstimes.com.
Read more »
Australia unveils draft law to regulate digital payment providersSYDNEY : The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet's Google Pay.Apple Pay, Google Pay and China's WeChat Pay, which have grown rapidly in recent years, are not currently
Read more »
Hawkers react to S$1 bid from man for Chinatown Complex food stallS$1 bid is 'unheard of', hawkers say, but the stall attracted only 3 bidders in a decade. The highest bid was S$512 and the most recent S$11
Read more »
'Accident waiting to happen': Man under fire for riding PMD while dragging baby pram in JurongWhen the wife said to take kids out for a drive, this probably wasn't what she meant. A man was recently seen dragging a baby pram along while riding his personal mobility device (PMD) along a road in Jurong West. A video clip uploaded to Facebook group SG Road Vigilante on Sunday (Oct 8) also showed that he had a...
Read more »