The Top 25 Business Consultants of 2024

A Case Study Of a Corporation Scam with Famous Criminal Lawyer Subhas Anandan Introduction With a GDP per capita of $87,000, Singapore is likely to be one of the world’s most targeted places for scammers looking to earn a quick buck. A scam can take place anywhere to anyone. You could be scammed in your home by illegal durian sellers, or when you shop online on e-commerce sites like Carousel. Both the young and the elderly can become victims of scams but more often than not, the elderly are the ones who are more susceptible. They may be less active (and thus, less savvy) on social media, and may lack the necessary information to be able to identify a scam that other people may instantly recognise. Very often, the same older folks may be flushed with disposable cash from their retirement and are thus easy prey for scammers looking to find victims to “invest” in their get-rich-quick schemes. But this peculiar case we are looking at is much more complicated and well devised than an ordinary day to day mishap. A Recent Case [The companies and People involved have requested to not use their original identities. Thus, the names used are purely fictitious] The common scams involve individual entities against a single corporation. But this situation has been a fine cross between business to business transactions and the implicated investors. There are 2 major company names that have been identified in this case and our team decided to investigate the fine line of the situation. Crux of Story A sales representative who was employed by a company that specialises in crowd funding, loan sourcing and alternative investment fund raising, was entrusted a project to secure funds of up to SGD$1 Million for a Marine Contractor, who was their client. The claim was that the funds for required for their on-going projects with the Housing Development Board and solely for their sand imports from Bangladesh. Little did the Sales Representative, whom diligently did her job in populating funds realise that what awaited her and her company was a joy ride. The representative then proceeded to act on legal proceedings with the companies but to no desired outcome. Following which, she engaged JMS ROGERS for a consultation session. JMS Rogers and team conducted an interview with this person who preferred to be addressed as Ms. May rather than her actual identity. The following depicts what we gathered from the case.