SINGAPORE: A man was sentenced to 7½ years’ jail on Wednesday (Sept 30) after he cheated 21 victims, including his own father and friends, of more than S$3.8 million in total.
Sebastian Lim Qian Ji, 33, committed the offences in order to help a friend who was facing financial problems with a frozen food business.
He had earlier pleaded guilty in August to eight counts of cheating and an unrelated traffic offence.
Twenty-six other charges were considered during his sentencing.
The court heard in August that Lim had returned around $860,000 to some of his victims, bringing the total loss to about $2.9 million.
In earlier proceedings, deputy public prosecutors Jordy Kay and Chan Wayde told the court that Gerald Lee Hai Rui, 32, sought Lim’s help to obtain loans from Lim’s friends.
Lee was the sole director of a company called Geroy, which was facing financial woes in early 2021.
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