A 21-year-old man linked to the OCBC phishing scams last year was on Tuesday (Jul 5) sentenced to reformative training for at least a year.
Leong Jun Xian is the first to be dealt with by the court among those accused of being involved in the scam.
The OCBC phishing scams affected almost 800 customers who lost S$12.8 million, according to court documents. The bank said previously that S$13.7 million was lost in the scam.
Leong was the first of seven Singaporean youths, aged 19 to 22, to plead guilty to his money laundering charges.
They had allegedly worked together to provide money-laundering services to various unknown persons believed to be linked to overseas syndicates, communicating through group chats on messaging platform Telegram.
The others have yet to be dealt with, while the police said in February that they were also investigating six others.
When the seven youths were charged in court, an array of mobile devices, 112 bank cards and debit cards, SIM cards, S$2,760 in cash and two Rolex watches — worth S$35,600 in total — were seized.
Leong was found unsuitable for probation, a less severe punishment usually offered to first-time offenders aged between 16 and 21 and does not result in a criminal record.
They had allegedly worked together to provide money-laundering services to various unknown persons believed to be linked to overseas syndicates, communicating through group chats on messaging platform Telegram.
The others have yet to be dealt with, while the police said in February that they were also investigating six others.
When the seven youths were charged in court,, an array of mobile devices, 112 bank cards and debit cards, SIM cards, S$2,760 in cash and two Rolex watches — worth S$35,600 in total — were seized.
Leong was found unsuitable for probation, a less severe punishment usually offered to first-time offenders aged between 16 and 21 and does not result in a criminal record.
Meanwhile, reformative training is a regimented rehabilitation programme for offenders under 21 who commit relatively serious crimes.
Offenders are given a minimum period on the programme, subject to how they respond to the rehabilitation.
It takes place in a closed and structured environment, unlike probation which allows young offenders to continue with their education or employment while serving their sentences.
