Singaporean man who offered AI-powered investment scheme admits to cheating victims of over S$4.6mil in total


Ong Kai Min pleaded guilty to eight counts of cheating involving eight investors – seven people and a company. - Photo: Shin Min Daily News

SINGAPORE: A company director who offered an AI-powered trading investment scheme cheated multiple victims of US$537,000 (S$691,000) and over S$3.96 million in total.

On Wednesday (Aug 27), Ong Kai Min, 42, from a private company called Singapore Index Trading Institute (SitI), pleaded guilty to eight counts of cheating involving eight investors – seven people and a company.

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