Man Fails To Report Sums Of Money Deposited Into Bank, Spends It On Daily Expenses
Let’s be honest, most of us wouldn’t mind getting a free windfall. But what will you do if you find large sums of money randomly deposited into your bank account?
In 2014, a security guard named Riduan started receiving large sums of money in his bank accounts.
However, instead of lodging a report or returning the money, the man reportedly withdrew portions of it and spent it himself.
On Monday (8 Mar), he was sentenced to 6 months’ jail for misappropriation of property.
Man mysteriously receives $200,000 in bank account and spends it
In Jan 2015, Riduan started receiving money in his OCBC bank account from an unknown individual.
At the time, the 34-year-old was working as a security officer, reports Channel NewsAsia (CNA).
The stream of money continued until Jun 2015, totalling $71,980.
Instead of reporting the mysterious cash deposits, Riduan reportedly used the money for his daily expenses, such as medical bills, apparels, mobile phones, and even clubbing sessions.
Between Oct 2014 and April 2015, Riduan also received a sum of $148,162 in his other bank account with POSB, reports CNA.
Love scam traced to man’s bank account
In May 2015, the police received reports about love scams where victims were duped into making deposits into an OCBC account.
Police investigations later traced the OCBC account to Riduan.
It’s unclear how the love scams were linked to his dishonest usage of funds.
Sentenced to 6 months’ jail
On Monday (8 Mar), Riduan reportedly pleaded guilty in court for dishonest misappropriation of property.
The judge took into account the large sum of money involved in the case and the lack of restitution on Riduan’s part, despite knowing the money did not belong to him.
He was sentenced to 6 months’ jail.
Anyone found guilty of dishonest misappropriation of property face a jail sentence of up to 2 years, a fine, or both.
Nothing in life is free
This was certainly a bizarre case but if there’s anything that we can learn from this, it’s that nothing in life comes free.
Eventually, you would have to pay for it, one way or another.
At the end of the day, honesty is the best policy. So if you were to ever come across mysterious amounts of money in your bank account, it’s best you report it to the authorities.
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