SINGAPORE: A man who joined his wife in laundering over S$1 million (US$775,600) in love scam proceeds was sentenced to six years and four months’ jail on Monday (Mar 30).
Singaporean couple Anthony Ng Zi Qin, 53, and his wife, Florence Choo Li Jin, 52, converted cash into a cryptocurrency called USDT and bought Bitcoin in exchange for commissions.
His wife had been sentenced to jail for six years and eight months last month.
THE CASE
Ng was approached by a 60-year-old man named Cheng Keng Tiong, who asked if he knew how to buy cryptocurrency.
Cheng said they could receive commissions if they helped an unidentified person called Keith to collect cash, convert it into USDT and use it to buy Bitcoin.
Ng agreed and started helping Cheng in late 2022 before roping his wife into the scheme.
Both Ng and his wife recruited other people into the scheme for various roles, such as collecting money from victims or providing bank accounts.
One of the victims was a 74-year-old woman. In July 2022, she received a message from a Steven Zhang on Facebook.
