Exec Scams CEO for $500K to Fuel Pokemon Card Addiction!

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A high-ranking employee from a Singaporean biomedical devices vendor was imprisoned due to his deceitful actions. He managed to swindle the company’s chief executive out of half a million dollars, using the money to buy Pokemon cards and various luxury items for himself.

Over time, there have been numerous instances of illegal activities involving Pokemon cards, but this particular culprit might just be one of the most slick ones eventually apprehended.

As reported by The Strait Times, within only a month of taking on the position as an accounts executive, Linberg Yeo Yu Wei, aged 27, devised a scheme to persuade his superior to move approximately $501,173 from the company’s funds into two of his personal bank accounts.

In this role, Yeo handled the task of making vendor payments, with the condition that the CEO would authorize the transaction upon being informed that both the finance manager and CEO had given their approval.

He then reportedly created fake payment requests in order to siphon money into his own accounts.

In November 2023, a bank transfer of $24,840 to Yeo’s account was found to have problems by the HR manager. Upon being interrogated, he admitted returning the funds.

After the incident, a police report was submitted, and following the investigation, Yeo was taken into custody on January 5, 2024.

Exec used stolen $500k to buy Pokemon cards, Rolex and gamble

In the court proceedings, it emerged that Yeo utilized the funds for various purposes such as fueling a passion for Pokemon cards, clearing outstanding credit card bills, acquiring a Rolex watch, an iPad, taking trips, and indulging in gambling activities.

In my gaming world, when I found myself low on funds for my next big purchase, I crafted phony transactions within my request logs, tricking the boss into thinking they were genuine payments to suppliers – as shared by Prosecutor Goh Qi Shuen.

In a court setting, it was contended by Yeo’s legal representative that his client felt unfairly treated at his workplace, leading to his emotional distress which ultimately culminated in the alleged offense. It was also emphasized that the client had already repaid all the funds he owed to the firm.

On the 22nd of January, he was given a sentence of 19 months in prison following his admission of guilt for one charge of deceit.

It’s not surprising that large sums of money have been connected to criminal activities in the world of Pokémon cards before. In fact, as far back as 2022, a man’s priceless $500,000 collection of Pokémon cards was stolen from his sprawling 6800-square-foot waterfront residence.

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2025-01-24 02:22