For how many months did the investor receive payments?

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Accepted Answer

The investor received payments for 13 months.

The investor was part of a sham arrangement designed to secure Singapore immigration benefits. Under this agreement, the investor was promised a fixed monthly dividend of S$10,000 for 36 months, along with an employment pass from MW Dynamics. While the investor did not actually work for the company, they received monthly payments of S$10,000 for a period of 13 months.
Nature of the Payments

These monthly payments of S$10,000 were understood by the investor to represent both the repayment of their initial investment principal and the dividends as outlined in the agreement. The arrangement was structured to facilitate the investor's application for permanent residency in Singapore through an investment scheme.
The Investment Scheme

The scheme involved an "immigration investment proposal" which detailed the steps for obtaining permanent residency. This proposal was provided by Wang Jue, who presented herself as an immigration agent. The core of the arrangement was the purported employment by MW Dynamics, which was intended to grant the investor an employment pass.
Legal Proceedings and Conviction

Wang Jue was convicted of conspiring to make a false statement in an employment pass declaration form. The court found that the investment arrangement was a sham, with the employment pass being the primary real benefit sought. Despite not being identified as the mastermind, Wang was found to have played a key role in the scheme, which involved creating false documents and maintaining deception for approximately 18 months.

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For how many months did the investor receive payments?

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