A Singaporean man has been sentenced to a few years in jail and 12 strokes of the cane after stealing greater than $267Ok from a bitcoin investor.
In accordance with a report by The Strait Occasions on Friday, Jaromel Gee Ming Li, 29, was sentenced for his involvement within the theft of S$365,000 (US$267,097) in cash that was supposed for the acquisition of bitcoin. Gee pled responsible to at least one depend of partaking in a conspiracy to commit theft with assistance from two others, Mohd Abdul Rahman and Syed Mokhtar.
The report claims Gee initially solicited Rahman’s assist for partaking in transactions with potential bitcoin patrons for big sums of cash. Nonetheless, the 2 males started partaking in schemes to rob potential traders in April 2018.
Gee instructed Rahman and Mokhtar to find bitcoin investor Pang Jonn Hau throughout his go to to Singapore in April 2018. The 2 males bodily assaulted Pang and fellow investor Teo Chern Wei of their resort room earlier than making off with a backpack stuffed with cash.
Gee was arrested a number of weeks later after authorities related him to the theft. Rahman, whose case remains to be pending, was arrested following the assaults, whereas Mokhtar pled responsible to the theft.
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