Summary:
- Charge Filed: A 29-year-old man, Benedict Yee Hong Fai, was charged on Sept. 5 for attempting to rob a 19-year-old of S$32,000 (US$24,500) in a sham cryptocurrency deal.
- Incident Details: The victim had been lured via Telegram for a crypto-for-cash trade on Aug. 29 along Hougang Street 51. Instead of a legitimate deal, Yee allegedly orchestrated an assault with two other men to steal the money.
- Escape and Arrests: Despite being assaulted, the teenager managed to escape with his money and later shared the experience on Instagram. Police arrested the three suspects between Aug. 30 and Sept. 3.
- Legal Consequences: If convicted of attempted robbery with hurt, Yee could face between five to 20 years in prison, along with at least 12 strokes of the cane.
- Ongoing Investigations: The two accomplices are assisting the police with investigations.
A 29-year-old man in Singapore, Benedict Yee Hong Fai, was charged on Thursday, Sept. 5, with attempting to rob a 19-year-old of S$32,000 (US$24,500) in a fake cryptocurrency deal. According to Channel News Asia, the incident occurred on Aug. 29, when the teenager had arranged to meet Yee through Telegram for what was purported to be a crypto-for-cash trade.
The deal, valued at approximately S$32,000, was later revealed to be a ruse. Yee allegedly organized for two other men to assault the teen in an effort to steal the money. Around 7:55 p.m. on Hougang Street 51, the teenager was attacked by one of the men but managed to flee with his cash. He later recounted the event on Instagram, which contributed to the police’s swift identification of the suspects.
Authorities arrested Yee and his accomplices between Aug. 30 and Sept. 3. Yee has been charged with attempted robbery with hurt, an offence that carries a potential prison sentence of five to 20 years and at least 12 strokes of the cane. The two other men are currently assisting with police investigations.
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