Ahtong 1st Gear November 23, 2011 Share November 23, 2011 I hope someone remembered to impound their passports Anyway this guy made / scammed millions but got fined $60k ... sup sup sui. After the jail term, he can still live comfortably in retirement. HIGH Court Justice Tay Yong Kwang criticised the Sunshine Empire scam as a 'well thought-out scheme designed to defraud participants under an aura of legitimacy and respectability' in a written judgment issued yesterday. Justice Tay made the comment in a 31-page written judgment upholding the findings, convictions and sentences handed down by District Judge Jasvender Kaur last year. It means company founder James Phang Wah, 51, will start serving his nine-year jail term next month. He had been given a fine of $60,000 in July last year. Former director Jackie Hoo Choon Cheat, 31, was sentenced to a seven-year term. Phang's wife, Neo Kuon Huay, 48, was fined $60,000 for falsifying payment vouchers. Sunshine was a multi-level marketing company that sold 'lifestyle packages' promising high returns. But the returns did not come out of genuine profits but by recycling funds from new participants. In upholding the sentences handed out to the three, Justice Tay said he agreed with Judge Kaur's finding that Sunshine 'was an unsustainable business and that Phang and Hoo were knowingly perpetrating a fraud on the participants by the operation of the Sunshine Empire scheme'. He also agreed with her that Phang and Hoo had made unlawful payments to Neo. Neo was paid a commission of nearly $950,000 as the firm's global sales director, although she had not been appointed to the role and was not qualified to hold it, he wrote. Judge Kaur was also correct in finding that Phang and Neo had committed a dishonest act in falsifying six payment vouchers in order to receive commissions amounting to nearly $1 million, Justice Tay ruled. He said in his written judgment that these sentences 'should serve as sufficient deterrence against such offences'. The three had appealed to the High Court against their convictions. Phang and Hoo also appealed against their sentences. The prosecution, meanwhile, wanted longer prison terms for Phang and Hoo and pushed for Neo to be sentenced to six months' jail. Yesterday, Justice Tay agreed to defer Phang and Hoo's jail sentence by three weeks to let them settle their personal and business affairs and to allow them to spend some time with their families. The court heard yesterday that Phang's father is suffering from kidney failure and might have to undergo surgery to have both his legs amputated and there is a chance Phang will not see him anymore after he goes to jail. It was also told that Hoo has a grandmother in Malaysia who is 94 and ailing. She will come to Singapore to see him before he starts his sentence. Sunshine is being wound up. The Commercial Affairs Department has seized about $21 million and will establish how the funds should be disbursed to the firm's creditors. ↡ Advertisement Link to post Share on other sites More sharing options...
Mllcg 3rd Gear November 23, 2011 Share November 23, 2011 i think his millions already siezed. how to retire? Link to post Share on other sites More sharing options...
Jman888 Moderator November 23, 2011 Share November 23, 2011 i read somewhere that the judge even ask their child not to hate or feel ashamed of their father crime Link to post Share on other sites More sharing options...
Ahtong 1st Gear November 23, 2011 Author Share November 23, 2011 i think his millions already siezed. how to retire? Issit? Here he is celebrating CNY earlier this year: Here he is running to his atas car a few days ago Link to post Share on other sites More sharing options...
Kangadrool Supersonic November 23, 2011 Share November 23, 2011 i think his millions already siezed. how to retire? He has already paid himself millions in salary and commissions. Imagine the CBL and unqualified sales director already collected almost 1 mil in commissions!!! Believe this cannot be taken back. The 21 million seized should be only from those $$$ collected from greedy and gullible customers when signing up for the MLM packages. Link to post Share on other sites More sharing options...
Rockaphonics 2nd Gear November 23, 2011 Share November 23, 2011 well, if you believe in karma, this guy has alot installed for him, especially in jail. Link to post Share on other sites More sharing options...
Lala81 Hypersonic November 23, 2011 Share November 23, 2011 I hope that someone can cast a spell so that he will be spat upon by pple for the rest of his life. Link to post Share on other sites More sharing options...
Mockngbrd Supersonic November 23, 2011 Share November 23, 2011 (edited) zao ah!!!!!!! !!!! not so satki liao Edited November 23, 2011 by Mockngbrd Link to post Share on other sites More sharing options...
Mllcg 3rd Gear November 23, 2011 Share November 23, 2011 well, if you believe in karma, this guy has alot installed for him, especially in jail. CBT in jail = respect Link to post Share on other sites More sharing options...
Nightkids 6th Gear November 23, 2011 Share November 23, 2011 Issit? Here he is celebrating CNY earlier this year: Here he is running to his atas car a few days ago How you get this insider photo? Powerful sia....... Link to post Share on other sites More sharing options...
Ahtong 1st Gear November 23, 2011 Author Share November 23, 2011 How you get this insider photo? Powerful sia....... From EDMW forum la Link to post Share on other sites More sharing options...
Doosan 1st Gear November 23, 2011 Share November 23, 2011 read some where that he had a feng-shui brother, so to say he had been guided all along ? or this is what the feng-shui brother learned/study feng-shui to help conmen ? Link to post Share on other sites More sharing options...
Lethalstrike Turbocharged November 23, 2011 Share November 23, 2011 zao ah!!!!!!! !!!! not so satki liao Power la. Now he can sing and dance in jail with his inmates acting as dancers. Link to post Share on other sites More sharing options...
The_Bear Turbocharged November 23, 2011 Share November 23, 2011 (edited) I still feel the sentence is too light. Bernard Madoff got 150 years. Scott W. Rothstein got 50 years. Koh Seah Wee of SLA fame got 22 years for 12.5million. I would put James Phang damage more severely to public than Koh's. A sentence of 30 years would be more appropriate. The message to such people will be you will never see the daylight again to enjoy the spoils. Edited November 23, 2011 by Bavarian Link to post Share on other sites More sharing options...
Takumi21 2nd Gear November 23, 2011 Share November 23, 2011 read some where that he had a feng-shui brother, so to say he had been guided all along ? or this is what the feng-shui brother learned/study feng-shui to help conmen ? he do have a fengshui brother.. confirm.. Link to post Share on other sites More sharing options...
Takumi21 2nd Gear November 23, 2011 Share November 23, 2011 I still feel the sentence is too light. Bernard Madoff got 150 years. Scott W. Rothstein got 50 years. Koh Seah Wee of SLA fame got 22 years for 12.5million. I would put James Phang damage more severely to public than Koh's. A sentence of 30 years would be more appropriate. The message to such people will be you will never see the daylight again to enjoy the spoils. why e mighty bear become pinky kitty? Link to post Share on other sites More sharing options...
The_Bear Turbocharged November 23, 2011 Share November 23, 2011 why e mighty bear become pinky kitty? I am going undercover Link to post Share on other sites More sharing options...
Doosan 1st Gear November 23, 2011 Share November 23, 2011 I still feel the sentence is too light. Bernard Madoff got 150 years. Scott W. Rothstein got 50 years. Koh Seah Wee of SLA fame got 22 years for 12.5million. I would put James Phang damage more severely to public than Koh's. A sentence of 30 years would be more appropriate. The message to such people will be you will never see the daylight again to enjoy the spoils. cud it be the feng-shui lay-out/ display help him to reduce/dilute his bad luck of going to gahmen resort ? ↡ Advertisement Link to post Share on other sites More sharing options...
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