S$760,000 scam uncovered from fake payslips

January 12, 2011

Haizz.. Can't we just all behave?

A fake payslip submitted by a credit card applicant turned out be the tip of an iceberg for a S$760,000 scam, all thanks to a check by a sharp-eyed bank officer.

The applicant’s annual salary was discovered to have been inflated to meet the S$60,000 needed to get a Standard Chartered Bank (Stanchart) card, and it was not a sole case.

On Monday, a direct sales agent at telemarketing firm Touch & Tech and an applicant, both Filipinos, were jailed after pleading guilty to conspiring to use fake payslips and employment letters, reported The Straits Times (ST).

The whole team at Touch & Tech is said to have forged payslips and employment contracts to qualify applicants for cards and loans, a move that would earn extra commission and bank bonuses for the marketing firm.

As the firm’s direct sales agent, Charon Legaspi Dimpas, 26, would make cold calls to prospective applicants, but many failed to meet the bank’s criteria. Her team manager Abdul Karim Baba, a Singaporean, is alleged to have then encouraged her to inflate the monthly income of applicants.

In total, Dimpas submitted fake documents for 96 applicants from June to November last year, earning S$8,474 in commission. The agent also submitted false letters for extension of employment because applicants needed a minimum of one year remaining on their employment passes.

The second to be jailed is a 39-year-old applicant, Maria Theresa Arena Garcia, who was an administrative operations executive with an employment agency in 2009.

Besides inflating her payslip from its original S$2,600 to S$5,180, she also used fake documents to apply for a loan.

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