Jail for gambling syndicate member who used earnings to fake CPF contributions for home loan

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Singapore: Participated in an online gambling syndicate and used criminal proceeds A sentence was handed down on Wednesday (25 January) for falsifying Central Provident Fund (CPF) contributions for a mortgage.

Keegan Tan Min Leng, 32, was sentenced to 17 months in prison and fined S$60,000, which is due to be paid by 6 February.

In December, Tan pleaded guilty to five counts under the Remote Gaming Act and the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Profits) Act. At the sentencing, he was also considered for eight additional charges.

He told his accomplice, Tan Chee Sheng, that he was looking for a job and collected bets for 4D and TOTO on his behalf, accepting a role in the latter’s illegal remote gambling syndicate.

Tan was initially given an agent betting account on one of the illegal gambling websites and instructed to find a punter to bet with him, but was later upgraded to a master agent account.

The account had a credit limit of S$5 million, giving Tan greater oversight and control within the syndicate.

He initially received a 10% commission on all bets he received, plus an additional 5% of the winning amount if the bet was successful.

He then took the opposite position against the bets he received. In other words, they were able to share in the profits and losses instead of simply collecting fees.

Tan also pleaded guilty to transferring criminal proceeds.

He wanted to secure a mortgage from the Housing Commission for his apartment, but he needed to show that he was competently employed and had a steady income.

In order to build his credit rating through illegal contributions to the CPF account, he falsely declared him as an employee and decided to pay cash to the companies making the contributions to the CPF account.

Between August 2016 and November 2017, Tan made 11 payments of S$600 each to a person identified as Lim Poh Kian, for a total of S$6,600. Lim arranged the online submission of his CPF donation to Tan, an alleged BKDL employee who is a shareholder of his BKDL company.

Between March 2018 and June 2019, Tan made 16 payments to Chee Seng of S$1,114 each for a total of S$17,824. Chee Seng then arranged for a Revitalize Trading associate to donate his CPF to Tan as an employee.

Tan was arrested at Waterway Point in July 2019 as part of an island-wide police operation to catch 36 members of an illegal gambling syndicate.

The court allowed Tan to start his sentence on February 6th.

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