Man admits duping 21 victims, including his father, of more than $3.8m
He has since returned around $860,000 to some of his victims.
Sebastian Lim Qian Ji admitted to duping 21 victims, including his father, of more than $3.8 million. The primary victim was Gerald Lee Hai Rui, the sole director of a struggling frozen food company called Geroy. Lim agreed to help Lee by obtaining loans, but instead, he cheated multiple victims between 2021 and 2022. Lim duped his father and a married couple, his secondary school friends, as well as several other individuals.
He posed as a project partner and promised attractive returns, which were nonexistent. Lim returned around $860,000 to some victims as part of a strategy to gain their trust and continue his scams. The 33-year-old, who has since been disqualified from driving, was arrested after a traffic-related offence.
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