Jailed for cheating bank of $2.5m with fake signatures
Published on Jun 30, 2014 7:19 AM
IN WHAT was literally a cut and paste job, a former private bank relationship manager has been jailed 5 1/2 years for cheating his employer out of $2.5 million by forging clients' signatures.
Yap Chee Yen, 36, formerly of private bank Clariden Leu, made unauthorised fund transfers from two of his clients' accounts between October 2009 and October 2011.
He cut out their signatures from previous records of transfer instructions and pasted them onto new fund transfer instructions that he had prepared earlier.
He next faxed these instructions from one machine in the office to another, to make the documents look as if they had been faxed to him by the clients.
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