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Eric Ong Chee Wei pleaded guilty to a cheating charge on June 24.PHOTO: SHIN MIN DAILY NEWS
Tay told Mr Tan that she could help him purchase seven units directly from the developer of the condominium at a discounted rate.
She also claimed that the units could be resold at higher prices and promised Mr Tan that each investment would purportedly yield high returns within three months.
In reality, six of the units that he was supposedly buying did not exist at all.
DPP Yu said that for the remaining unit, Ong and Tay knew that they had no basis to offer it as an “investment” to Mr Tan as it was not available for sale.
She added: “Felicia also told David not to tell any ‘outsiders’ about these investment opportunities, as they were ‘exclusive offers’.”
Tay also sent handwritten records of the “investments” to him, said the prosecutor. “However, no official documents on the sale and purchase of the units were ever provided.”
Ong gave Tay hard copies of option-to-purchase (OTP) forms purportedly issued through a salesperson under real estate company OrangeTee.
Ong got to know the salesperson when he was still working as a property agent.
Court documents stated that the salesperson was unaware that Ong had used these OTP forms issued in the salesperson’s name to commit cheating.
Tay filled in an OTP form for each of the seven units and sent screenshots of the fake documents to Mr Tan over WhatsApp.
He then handed to Tay $220,000 in total as “security deposits” over seven occasions from September to November 2015.
Tay promised Mr Tan that he would purportedly receive profits of more than $1.7 million when the units were sold.
DPP Yu said: “He had immense trust in Felicia because they were in a relationship, and he was under the impression that (Ong) worked in the property industry.”
But around January 2016, Mr Tan sensed that something was amiss when he received no investment returns.
He confronted Tay about the matter, but she did not give him any concrete answers.
To appease him, she prepared an “IOU document” with information from Ong, who also signed it.
This document dated Jan 8, 2016, was created to convince Mr Tan that Ong would supposedly pay the money owed to him, providing the victim with a false sense of security.
In March 2017, Mr Tan and Tay broke up.
The victim finally reached out to OrangeTee on Dec 11, 2019, and the company told him that none of the transactions listed on the OTP forms was legitimate.
Mr Tan made a police report the next day and officers arrested the two offenders in June 2022.
Ong and Tay will be sentenced in July.
Shaffiq Alkhatib is The Straits Times’ court correspondent, covering mainly criminal cases heard at the State Courts.
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