In this article, you will get all the information regarding Vic Chou And Wife Scammed S$1.5mil By Insurance Agent
In 2019, the couple bought a S$2mil investment insurance plan from Ms Feng under Vic’s name, and had to pay S$31K in premiums each time.
Although the agreement was that the premiums were to be deducted from Reen’s bank account when they were due, Ms Feng started asking the couple for cash instead from their second payment onwards.
She had lied and convinced the couple by saying that transferring such a huge sum each time would arouse the suspicions of the government, who would then think that the couple was dealing with “dirty money”.
The couple initially did not think anything was amiss, until their insurance agent started spinning stories of discounts and promotions for the cash payments.
It was only in 2021, when the insurance company called Vic and Reen to inform them that they were years behind on their payments.
After Ms Feng was confronted with a lawsuit, she admitted she had kept the cash she received, but denied scamming the couple.
A representative of the insurance company later informed the couple that there were no special promotions for cash payments, confirming that they were indeed victims of fraud.
According to reports, Ms Feng has been ordered to return the money she took from them.
Photos: Chinapress/ Sohu
Vic Chou And Wife Scammed S$1.5mil By Insurance Agent
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