11 Mar '11, 3am

The swimming community is reeling from news that Joscelin Yeo's father has been convicted for loan shark activities

The swimming community is reeling from news that Joscelin Yeo's father has been convicted for loan shark activities

Lawrence Yeo was jailed for two years and fined $150,000 for running a loan shark racket with four Filipino maids. -- PHOTO: ZAOBAO REVELATIONS that the father of Nominated MP and former national swimmer Joscelin Yeo had been convicted of loan shark activities have stunned the swimming community. On Tuesday, Lawrence Yeo was jailed for two years and fined $150,000 after pleading guilty to running an illegal moneylending racket with four Filipino maids. The 68-year-old began loan-sharking in June last year. Operating out of his flat in Bukit Batok, he used computers and a mobile phone to keep track of his borrowers and loans. An estimated $10,000 was loaned out to borrowers - all Filipino maids. When told of the news, Singapore Swimming Association secretary-general Oon Jin Gee said he was shocked, describing Yeo as a supportive parent throughout Joscelin's swimming career....

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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