October 10 2019
A freelance trader linked to the $39.9 million SkillsFuture scam has admitted to money laundering offences involving more than $4 million.
The scam that targeted SkillsFuture Singapore (SSG) – it oversees an initiative aimed at promoting lifelong learning – has been described as the largest fraud against a public institution here.
Vincent Peter, 51, pleaded guilty on Thursday (Oct 10) to 12 counts of dealing with the benefits of criminal activities. He was the sixth person linked to the scam to be convicted.