Tan Yu Shu spun multiple lies to obtain money from victims.
Key Details
Tan Yu Shu, a 27-year-old man, was charged with multiple counts of cheating after allegedly deceiving six individuals into transferring a total of $25,700. His stories ranged from fabricated credit card debt to trading losses and a purported traffic accident.
Charges and Background
Criminal Charges: Tan faces 11 charges of cheating and one charge under the Moneylenders Act.
Bail and Restitution: The prosecution applied for a four-week adjournment to complete the investigation. Tan has reportedly made restitution of $7,000. He was granted bail of $20,000.
Storytelling Scheme:
October 2023: Tan convinced a victim to lend him $3,500 for trading losses.
December 2023: He allegedly fabricated a story about credit card bills, prompting the same victim to transfer another $3,500.
June 2024: Tan told a different individual he was involved in a traffic accident, obtaining $4,000.
July 2024: He repeated his tactics with the same victim, borrowing another $1,500.
April 2024: Tan deceived a third victim into transferring $1,000 by claiming his POSB account was frozen.
Moneylending Allegations
In addition to the cheating charges, Tan is accused of assisting an unknown individual in conducting moneylending activities. He allegedly provided his online banking credentials for the person to access his Trust Bank account.
Possible Consequences
If convicted, Tan faces a sentence of up to 10 years in prison and a fine.
Tan’s case will be heard again on December 11.
