|Found way for Marina Bay Sands to help|
As just about any casino and non-casino fraud in Singapore somehow ends up at Singapore's Marina Bay Sands casino in Singapore, why not use it to convert your illicit fraudulent gains into cash via that casino's gaming chips?
Apparently it has already been done.
Mr.Reichie Chng Teck Kian, a 51 year-old former grassroots volunteer from his congressional constituency in Singapore and now a cabdriver, allegedly pulled off a fraudulent investment scheme against twelve people by using WhatsApp and screenshots to create a false electronic history of his dealings with well-to-do business people throughout Asia. He then convinced his victims to invest with him in various business and property schemes.
The total amount of his fraud was in excess of a million dollars.
So when he had the problem of washing the proceeds, he turned to the criminal haven known as the Marina Bay Sands casino. I don't know why but he turned his criminal proceeds into casino chips and then probably back into cash.
According to court documents, Kian has made more than $50,000 in restitution, but still faces up to 10 years in prison.
My take: Well, if you can't figure out a way to casino-cheat the Marina Bay Sands, it is always there to help you launder your money from whatever criminal enterprise.