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Repeat Offender Jailed in Singapore for Rolex Fraud

Repeat Offender Jailed in Singapore for Rolex Fraud

Post by : Shakul

A repeat offender has been sentenced to 18 months and 49 days in prison by a Singapore court after admitting to various cheating offences and misappropriation involving his Singpass account. This case has garnered attention due to the individual's history of financial scams that span several years.

Identified as 34-year-old Foo Siang Wee, the accused was found guilty of orchestrating fake Rolex scams utilizing online marketplaces. In court, it was revealed that Foo had previously engaged in similar fraud in 2021, and repeated this approach again in 2025 by promoting a Rolex Submariner “Half Gold” on Carousell.

Investigators uncovered that Foo duped numerous buyers into transferring substantial sums as deposits for the luxury watch. One victim sent S$4,000 while another believed in the authenticity of the watch and sent S$8,000. Foo allegedly provided various excuses to delay the transactions, including claims that his wife needed to confirm the payments prior to releasing the watch.

Following the receipt of the payments, Foo terminated all communication with the buyers and vanished. Authorities later found that he had used the funds for gambling before his arrest in March 2025. Prosecutors revealed to the court that Foo has a longstanding history of fraud and property crimes dating back to 2016.

In addition to his Rolex scams, Foo was charged with stealing over S$29,000 while serving as a food court manager at Koufu in Toa Payoh's HDB Hub between January and February 2025. It was reported that after being confronted about the theft, he initially expressed remorse and vowed to return the money, only to subsequently disappear and cease communication with his employer.

Further investigation showed that Foo sold access to his Singpass account to an unknown person via Telegram for a promised sum that never materialized. Authorities classified this as a significant breach of Singapore's digital identity management system, posing potential risks to sensitive personal and government data.

Deputy Public Prosecutor Nivethaa Ravintharan highlighted Foo's extensive criminal record tied to scams and fraudulent activities, which includes previous cases involving fake Marina Bay Sands hotel packages and Rolex fraud targeting unsuspecting online consumers.

While the court contemplated issuing compensation orders for the victims, it ultimately decided against it due to Foo's unemployment and lack of financial means to repay the victims. Authorities in Singapore continue to alert the public regarding the risks of online marketplace scams, identity misuse, and various deceptive schemes targeting consumers through bogus luxury product promotions and social media.

Officials have urged buyers to refrain from making advance payments without thoroughly verifying the legitimacy of sellers and to remain vigilant when navigating high-value items online offered at unusually attractive prices. This case has reignited concerns surrounding the rise of persistent online fraud and financial scams in Singapore.

May 14, 2026 3:35 p.m. 681
World News Singapore News Crime

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