| By Khushwant Singh |
A PROPERTY agent was jailed for two weeks on Tuesday for her role in a cashback scam in 2004.
Wong Siu Teng, 33, had pleaded guilty last week to conspiring with another agent, Nick Goh Chong Liang, and rogue lawyer David Rasif, to cheat Standard Chartered Bank by inflating the purchase price of a flat in Jurong so as to obtain a higher mortgage for the buyers.
In documents prepared by Rasif's law firm, the price of the flat was falsely listed as $260,000.
Without telling the flat-owners, Wong had raised the sale price to $212,000 so that she could pocket $2,000 on top of her commission.
Such property cashback scams were rampant before the authorities clamped downon it about four years ago.
Investigations are still continuing. Last Wednesday, 22 people were charged for their alleged involvement in these scams.
For their roles in such scams, Goh had earlier been sentenced to five years and five months in jail, while Tan was jailed for five years.
Rasif, who went missing in 2006 with about $12 million of his clients' money, is still on the run.
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