Singapore Man Heads to Jail for Using Late Brother’s Money to Gamble

A Singapore man was put in charge of managing his late brother’s estate. Instead, he used it to gamble and invest, and will now spend time in jail for the theft.

Tan Siong Choon’s brother, Ten Seng Kiam, died a decade ago in a traffic accident. The Singapore man became the trustee of his brother’s estate after his niece decided that he would be better able to manage the money and assets. She later found out that the decision was an extremely costly one.

In 2020, she took her uncle to court after she realized that he siphoned more than S$550,000 (US$395,120). He spent the money gambling and purchasing stocks, but will now pay the price for his actions. The 62-year-old man is heading to jail for four years, according to media outlet Today.

A Grave Mistake
Tan worked out a plea deal, admitting to one count of criminal breach of trust. This kept him from receiving a long sentence. But, at 66, when he returns to freedom, picking up the pieces will be just like an additional sentence.

Source: https://www.casino.org/news/singapore-man-heads-to-jail-for-using-late-brothers-money-to-gamble/