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Crypto firm co-founder, 26, charged with taking S$270,400 from investors, making false robbery report

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SINGAPORE — Two 26-year-olds were charged in court on Thursday (Oct 11) over allegedly making a false police report about a robbery of S$270,400 in cash at Pasir Ris Park and misappropriating the money from a blockchain company.

Lek Tai Yong was handed one charge for making a false police report and one charge for criminal breach of trust. Eddie Ong Wei Xian was charged with one count for aiding Lek to commit criminal breach of trust.

Lek's LinkedIn page states he was the co-founder of the company and worked there from June 2021 to September 2023. Ong had allegedly helped Lek to commit criminal breach of trust. While court documents did not state what he did, the police said in an earlier statement that Ong allegedly aided Lek in hiding the funds.

 

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