(Bloomberg) — The first person linked to a phishing scam involving Oversea-Chinese Banking Corp. pleaded guilty in a Singapore district court to offenses including money laundering.
Leong Jun Xian, one of seven charged in February over their alleged involvement in the scam, on Wednesday admitted to two counts each of dealing with the benefits of criminal conducting and rioting, according to court documents.
The 20-year-old also admitted to a charge under the Organized Crime Act. He faces a total of 15 charges.
The cases involving the other alleged offenders are still pending.
The Singapore-based bank in January said it completed making arrangements for goodwill payouts, worth around S$13.7 million ($10.1 million), to some 790 customers who lost money in phishing scams.
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