29 Jun '18, 4am

Ex-HSBC senior vice-president jailed 10.5 years for cheating mostly elderly victims of S$5.2m

SINGAPORE: A former senior vice-president of HSBC Bank was sentenced to 10-and-a-half years' jail on Friday (Jun 29) for cheating five female victims, who are her relatives and their friends, out of S$5.2 million over a period of 12 years. Emeline Tang Wei Leng, 40, was employed by HSBC between 2004 and 2012, where she started as a relationship manager and rose through the ranks. Advertisement In 2003, Tang had financial issues and found out that a distant relative of hers had come into some money after selling property. She devised a plan to cheat the 79-year-old. Tang told her relative that there was a promotional plan for fixed deposits with HSBC which offer a higher interest rate than other banks and said she could help open such an account for her. Tang knew that there was no such plan. Her relative, who was interested in the non-existent plan, agreed to open an accou...

Full article: https://www.channelnewsasia.com/news/singapore/ex-hsbc-ex...

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