Singapore court jails serial cheater who recycled Rolex scam and ran multiple fraud schemes


SINGAPORE, May 14 — Foo Siang Wee, 34, was sentenced to 18 months and 49 days’ jail in Singapore two days ago after admitting to cheating, criminal breach of trust and selling access to his Singpass account.

He had also used his bank account for illicit access by unknown parties, with those offences taken into consideration during sentencing, The Straits Times reported.

The court heard Foo was already a repeat offender, having previously run a similar fake Rolex scam in 2021 on Carousell.

In February 2025, he listed a Rolex Submariner “Half Gold” watch for S$10,000 (RM35,000) and tricked two buyers into transferring S$4,000 (RM14,000) and S$8,000 (RM28,000) respectively.

He stalled victims with fabricated excuses, including claims that his wife needed to inspect the cash before the watch could be released.

After receiving the money, he severed contact and disappeared.

Separately, Foo stole more than S$29,000 (RM101,500) while working as a food court manager at Koufu in Toa Payoh’s HDB Hub between January and February 2025.

When confronted, he initially apologised and promised repayment but later went missing and stopped responding.

In November 2023, Foo also handed over his Singpass credentials to an unknown Telegram user for a promised S$400–S$500 (RM1,400–RM1,750), but never received any payment.

Investigators found that Foo had gambled away all proceeds from his offences before his arrest on March 24, 2025.

Deputy Public Prosecutor Nivethaa Ravintharan said Foo had been involved in cheating and property-related crimes since 2016.

His record includes a 2021 conviction for the same Rolex scam, which netted S$7,000 (RM24,500), as well as a 2018 case involving fraudulent Marina Bay Sands hotel packages.

The court considered but declined to impose a compensation order, noting that Foo was unemployed and had no means to repay victims.

For cheating offences alone, Foo could have faced up to 10 years’ jail and a fine.

 



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