Man accused of conning 77 victims of $1M via high-yield investment scam

Amir Hussain
Senior Reporter
Chong Wee Yew, 54, faces a total of 121 charges. (Yahoo News Singapore file photo)

SINGAPORE — A 54-year-old man who allegedly cheated 77 people of $1,033,650 was charged in court on Tuesday (18 June).

Chong Wee Yew is accused of duping the victims via a purported high-yield investment program between 2016 and 2017.

Besides being charged with cheating and criminal breach of trust, Chong was also charged with molesting a woman between 27 September and 1 October 2017.

Chong, who faces a total of 121 charges, was offered bail of $200,000. His case will be mentioned in court again on 9 July.

The maximum punishment for cheating is up to 10 years’ jail along with a fine.

If found guilty of criminal breach of trust, Chong faces up to seven years’ jail and a fine.

The maximum penalty for molestation is up to two years’ jail, plus caning and a fine.

Other Singapore stories:

Woman who ran 3 illegal massage parlours at Orchard Towers fined $1,000

Football Watch: Messi's Argentina heading for another messy outcome at Copa America

Man to be charged with murdering his two-year-old child in Rivervale Crescent

Merdeka and Pioneer generations get more Fairprice discounts from 1 July