Man spun stories to allegedly cheat six people into giving him $25k
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Tan Yu Shu was charged with multiple charges of cheating on Nov 13.
PHOTO: LINKEDIN
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SINGAPORE – A man who spun stories ranging from credit card debt to trading losses and his purported involvement in a traffic accident has been charged with cheating.
According to court documents, Tan Yu Shu told allegedly deceived six people into transferring him a total of $25,700 through these stories.
The 27-year-old was charged with 11 counts of cheating and one charge under the Moneylenders Act.
Tan appeared in court via video-link on Nov 13.
Wearing a white shirt with his hands cuffed, Tan looked down and nodded as the prosecution applied for a four-week adjournment to complete investigations.
The prosecution said the accused has made restitution of only $7,000. Tan was offered bail of $20,000.
Tan reportedly started spinning stories in 2023.
One victim transferred $3,500 to the accused in October 2023, after Tan allegedly told him that he had suffered losses trading and needed a loan to cover the transaction.
He is said to have deceived the same victim in December 2023, when he allegedly lied to the man that he needed a loan to pay off his credit card bills. The victim handed him $3,500 on this occasion.
In June 2024, Tan allegedly told another individual that he was involved in a traffic accident, leading the victim to transfer him $4,000.
The accused targeted the same individual again later that month and in July by telling the victim he needed money to cover his mobile phone bills and housing rental. The individual transferred him a total of $1,500 on these occasions.
On another occasion in April, Tan allegedly told a third victim that his POSB account was frozen, prompting her to transfer him $1,000.
Tan was also charged under the Moneylenders Act for allegedly assisting an unknown individual to carry on his moneylending business. He is said to have provided his internet banking credentials for the person to access his Trust Bank account.
His case will be heard again on Dec 11. If convicted of cheating, an offender can be jailed for up to 10 years and is liable to a fine.
