Man admits forging payslips with higher salary to get credit card to buy bitcoin, went bankrupt

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SINGAPORE: Wanting to get a credit card with a higher limit so he could buy bitcoin, a man forged his payslips and made it seem as though he received a higher salary, tricking a bank into issuing him a credit card. Lin Mingzhong, 48, was unable to repay his credit card debts and eventually declared bankrup

SINGAPORE: Wanting to get a credit card with a higher limit so he could buy bitcoin, a man forged his payslips and made it seem as though he received a higher salary, tricking a bank into issuing him a credit card.

Lin used a payslip he had previously received from his ex-employer Mediacorp in October 2019 as a template. This payslip reflected a monthly salary of S$8,100. He submitted his credit card application with these forged payslips and successfully deceived Citibank into issuing him a credit card with a limit of S$32,400, four times his declared monthly salary.Lin received the credit card shortly and immediately used it to purchase S$31,472.12 worth of bitcoin on Mar 24, 2020.

As part of its probe, it checked with Singapore Green Engineers, which informed the bank that Lin's monthly salary was only S$6,000.

 

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Should have added another zero!

Greed

What a chad

danclarkie dis you?

What a legend.

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