A woman in Singapore lent out her bank account for a commission of $350 (about 1,150 Malaysian Ringgit) per month, thereby assisting criminals in laundering money, and as a result, she was sentenced to prison.
Lianhe Zaobao reported that the accused, 36-year-old Chen Chuping, faced three charges including deception, violation of the Computer Misuse Act, and violation of the Corruption, Drug Trafficking, and Other Serious Crimes (Confiscation of Benefits) Act (commonly known as CDSA).
She admitted to one of the charges on the 23rd, and the judge considered the remaining charges, sentencing her to five months in prison and fining her $1,050 (about 3,457 Malaysian Ringgit).
● High expenses from a newly bought house
According to the case details, in January 2023, the accused told her friend Huang Jincheng (24 years old) that her expenses were high after purchasing a new house, so she needed to “tighten her belt.”
Huang Jincheng then introduced the accused to Raphael Cher (26 years old), claiming Raphael had ways to make “quick money.” Through Huang Jincheng, Raphael asked the accused if she was willing to lend her bank account for a commission of $350 per month.
The accused agreed and opened a new bank account in March 2023, giving her ATM card and password to Raphael.
From March 22 to May 31, 2023, the accused's bank account received nearly $230,000 in illicit funds, and when it was frozen, only $1,824 remained.
Apparently, in 2022, Raphael was asked by a man named Ye Sheng (28 years old) to find individuals or companies willing to “lend” their bank accounts to criminals for a commission.
Raphael subsequently started asking friends to help open bank accounts to fulfill requests, sharing the commission he received from Ye Sheng with his friends, including Huang Jincheng. (Names are phonetic translations)