A woman at a real estate company in Singapore defrauded her boss into giving her a total of S$ 3.7 million ( US$ 2.8 million ), including his life savings and the proceeds from two of his properties, when she was facing bankruptcy.
The 69-year-old man after borrowed money from his daughter to continue giving money to the lady, who resides with his family in a occupied house.
Lynn Charlotte James, a 47-year-old Singaporean, was found guilty of five counts of lying on Monday ( Mar 4), with additional charges still to be considered.
She entered a guilty plea at the conclusion of her test, which was postponed because she claimed she had an asthma attack and was unable to breathe.
According to the jury, James first started working for the unexplained real estate company in 2006 after speaking with the victim.
She started experiencing financial problems and debt in 2008.
She came up with a scheme to defraud the sufferer, whose name was redacted from court records.
James lied to the victim and told her that the Insolvency and Public Trustee’s Office ( IPTO ) had kept money in her bankruptcy estate after she declared bankruptcy.
She requested that the prey assist her in paying a number of allegedly high fees to IPTO so that it would grant the money to her.
The gentleman gave her large sums of money because he believed James. As time went on, James demanded more and more money from him, promising that she would return all the money she had given him after IPTO released the money in her debt estate.
Because she claimed she could never return the money he had previously given her if IPTO refused to release her money, the victim was persuaded that he should continue to transfer money to James. He wanted to restore the significant amount.
Additionally, James fabricated false letters from the Ministry of Justice and the IPTO to back up her lies.
The government authorities allegedly demanded a number of costs from IPTO in the made emails.
James also fabricated messages asking her to remain paying IPTO fees from the Attorney-General’s Chambers and courts, including Chief Justice Sundaresh Menon.
She explained to the target that if he stopped giving money, the money he had now sunk in would be sequestered and he would not be able to recover it.
She warned him against reporting the situation, warning him that if they discovered that he was helping her, IPTO may seize his assets and he would not be able to recover any of his money.
Between May 2008 and October 2017, the target transferred S$ 3, 677, 537.03 to James through 2, 253 purchases.
He took money from his partner and used up all of his life savings to offer James money.  ,
He and his wife now reside in a rented house after selling two of their attributes to raise money to give to James.
He resorted to borrowing money from his daughter when the man and his wife ran out of money. In the end, the daughter reported the case to the government.
James used the money to pay her personal expenses and pay off her money to lenders. She has never made any reparations.
She did go back to court on March 12 for a hearing and imprisonment.