What financial losses did Low inflict on his victims?

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Low Caused Significant Financial Losses Through Deception

Jerald Low Jing Yong inflicted financial losses exceeding S$150,000 by tricking multiple victims into signing mobile line contracts. He also issued 13 cheques totalling S$2.1 million for real estate options that were never cleared, and failed to pay approximately S$1,000 in rental fees for a car-sharing service. Additionally, Low defrauded a victim of about S$22,000 by soliciting an "investment" in a "private SGX fund" which yielded no returns.
Deception Through Mobile Line Contracts

Low's scheme involved persuading several individuals, including a student from the National University of Singapore, to sign up for mobile phone lines. He assured these victims that he would cover the associated bills, sometimes claiming his twin brother would eventually take over the payments. This fraudulent activity led to total losses exceeding S$150,000 for his victims.
Unfulfilled Real Estate Transactions and Unpaid Services

In an attempt to project an image of wealth, Low assumed the persona of a wealthy Korean named "Park Joon Hyung." He issued 13 cheques, collectively valued at S$2.1 million, as option fees to purchase properties. However, these cheques were dishonoured, and the properties were subsequently made available to other buyers. Furthermore, Low registered with the car-sharing service BlueSG and failed to remit approximately S$1,000 in rental fees, while also operating a vehicle without a valid driving licence.
Fraudulent Investment Scheme

Low also targeted individuals met through dating apps and online forums with false investment opportunities. He convinced one victim to "invest" approximately S$22,000 into a purported "private SGX fund." This victim never received any money back from this investment, indicating a complete loss of the funds provided.

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