Marina Bay Sands $1 million Fake Chips Fraud
Above: Chip-runner, Tang Shewei passed off $1,000 chips at the Marina Bay Sands
The Marina Bay Sands in Singapore was the victim of a chip counter-fitting scam which cost the casino $1 million which took place in late 2015.
The Chinese-Singapore group produced high quality counterfeit chips of $1,000 denominations which they cashed in at the casino.
The group headed by Toh Hock Thiam, 54 and Chia Wai Tien, 47 recruited runners to cash in the chips as they were banned from the casino.
The runners would cash in just $5,000 worth of chips at-a-time to avoid any suspicion. Female beautician Tang Shiwei, 26 received a 7 month sentence for her part in the crime. Tang, a Chinese national living in Singapore exchanged $30,000 worth of fake chips in a single day for which she received $600 from the counterfeiting gang.
Tang, would enter the casino and exchange a single counterfeit chip for smaller denominations and then mix them with several more fake chips before cashing them in for money. It would be over a week later before the casino realised the on-going scam which by then had cost them $1 million. All of the casinos $1,000 chips have been recalled.
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