A 27 year old financial analyst by the name of Alexandra Low Xin Ying was sentenced to four years and four months of jail term after she had pleaded her guilt to 20 cheating charges amounting up to $453,600.
There were another 57 charges which were linked to her cheating of the remaining of the $600,000 taken into consideration during her sentencing.
She had cheated the money out of 75 victims by giving them fake reasons and she then used the money which she has gained from cheating the victims to pay for her bust enhancements.
Reasons that she gave for borrowing the money included:
- Paying down payment for her property
- Helping out her uncle with settling accident compensation fees to his employers
So far, only $128,151 of which she cheated have been recovered.
Exploited the goodwill and trust of her victims
To successfully convince the victims of coming out with their money for the purpose of funding her bust enhancement sessions, Low came out with a plan to cheat them in 2019 August to November.
She reached out to many many of them so that she did not have to borrow such a huge amount from any single individual.
Each victim was cheated of the an amount between $300 and $121,500.
A male friend of Low was cheated of $121,500 under the pretext that Low’s family had an unpaid loan and they were in dire financial needs.
He transferred her $8,500 on the first occasion on 3 Sep 2019 and subsequently more and more times till the amount he loaned her totalled $121,500.
A similar method was used to cheat the rest of the victims and they later attempted to get their money back from Low.
Gave various excuses
In trying to delay paying her victims, she gave them many excuses and even made a fake Police report to say that she was a victim of an investment scam worth $348,000.
The fake Police report was filed so that she can use it as evidence to show her victims that she was really a victim of the scam which she purported.
WhatsApp Group formed
Several victims then formed a WhatsApp Group on 12 November 2019 to hold a discussion on Low’s cheating cases.
One of the victims subsequently contacted Low and went to Bishan Neighbourhood Police Centre where she finally admitted that she had cheated 70 people.
She was arrested on 15 Nov 2019 in her place of residence.
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