{"id":7887,"date":"2026-04-02T04:26:00","date_gmt":"2026-04-02T04:26:00","guid":{"rendered":"https:\/\/www.esportsgram.com\/?p=7887"},"modified":"2026-09-02T04:26:42","modified_gmt":"2026-09-02T04:26:42","slug":"wah-this-one-really-jia-lat-a-55-year-old-property-agent-wendy-kwek-just-got-three-months-jail-because-of-a-failed-australian-property-scheme-back-in-2014-and-2015-she-ran-investment-courses","status":"publish","type":"post","link":"https:\/\/www.esportsgram.com\/?p=7887","title":{"rendered":"Wah, this one really *jia lat*. A 55-year-old property agent, Wendy Kwek, just got three months&#8217; jail because of a failed Australian property scheme. Back in 2014 and 2015, she ran investment courses and convinced her students to invest in an Australian project building housing for miners. She promised &#8220;assured&#8221; returns of 14% to 16% a year, claiming she checked the site herself and even put in her own money. Because people trusted her, she managed to pocket a massive S$2.735 million just in commissions. In the end, the whole thing collapsed and *bo liao*\u2014everything vanished. A total of 347 investors, mostly Singaporeans, lost over S$16 million. The authorities caught her because she didn&#8217;t have the required Capital Markets Services licence from MAS to deal with this kind of financial scheme. Even though she surrendered S$500,000 for compensation, the judge still sent her to jail for dragging so many people into the mess. Moral of the story: Next time someone promises 16% &#8220;assured&#8221; returns, just drink your kopi in peace."},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"934\" height=\"1024\" src=\"https:\/\/www.esportsgram.com\/wp-content\/uploads\/2026\/09\/1000025440-934x1024.jpg\" alt=\"\" class=\"wp-image-7888\" srcset=\"https:\/\/www.esportsgram.com\/wp-content\/uploads\/2026\/09\/1000025440-934x1024.jpg 934w, https:\/\/www.esportsgram.com\/wp-content\/uploads\/2026\/09\/1000025440-274x300.jpg 274w, https:\/\/www.esportsgram.com\/wp-content\/uploads\/2026\/09\/1000025440-768x842.jpg 768w, https:\/\/www.esportsgram.com\/wp-content\/uploads\/2026\/09\/1000025440.jpg 1170w\" sizes=\"auto, (max-width: 934px) 100vw, 934px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7887","post","type-post","status-publish","format-standard","hentry","category-image"],"_links":{"self":[{"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=\/wp\/v2\/posts\/7887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7887"}],"version-history":[{"count":1,"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=\/wp\/v2\/posts\/7887\/revisions"}],"predecessor-version":[{"id":7889,"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=\/wp\/v2\/posts\/7887\/revisions\/7889"}],"wp:attachment":[{"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esportsgram.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}