SINGAPORE – Acting on the instructions of someone he had met only on social media, an investment manager helped facilitate the sale of a 1kg gold bar.
He collected the gold bar from an unknown individual and sold it to a jeweller, before exchanging the cash for cryptocurrency.
Investigations later found that the gold bar had been purchased with proceeds from a scam victim in China.
On March 6, Jiang Desheng, 43, pleaded guilty to one count of assisting in transferring benefits from criminal conduct and was sentenced to five months’ jail.
Court documents state that the Chinese national got acquainted with an individual known only as Mei Se Hui on social media on Aug 30, 2024.
