Chen got to know one of his victims, Ms Xu Zhilian, 60, through his mother.
The DPP told the court: “This was false, as the accused did not sell any house, had no commission and did not have $5 million held by IPTO.” The two men met for lunch about a week later and Chen told another lie, claiming that he was involved in a real estate investment, and Mr Stefan could invest money to purportedly refinance construction works.
He made a police report, and Chen made partial restitution of $13,000 to him some time in or around 2017.
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