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Jail for ex-SAF captain who set up a 'heist' to steal S$2.3 million in cryptocurrency from acquaintance
A former Singapore Armed Forces (SAF) captain was on Friday (May 8) sentenced to jail after breaking into an acquaintance's condominium unit and stealing close to S$2.3 million (US$1.8 million) in cryptocurrency. He then used these funds to buy luxury watches and cover his legal and illegal gambling expenses, as well as personal expenses such as housing loans. Teo Rong Xuan, 35, was handed a jail term of six years and 10 months. He pleaded guilty to six charges - one count of securing access to a cryptocurrency cold wallet to commit theft, one count of housebreaking with intent to commit an offence and four counts of ... (full story)
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