Lawyer Who Went Missing with $33 Million Had ‘Stolen’ Another $16 Million from 3 Other Clients


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Lest you’ve been living under the sea with a particularly handsome octopus, you would’ve heard of Jeffrey Ong, the lawyer who’s famous for all the wrong reasons.

Image: JLC

But if you have indeed been cohabitating with Squidward, here’s a quick rundown of who Jeffrey Ong is:

Jeffrey Ong Su Aun is a senior lawyer and a managing partner of JLC Advisors. JLC Advisors is a law firm managing the escrow account which held the funds from the client, Allied Technologies, a precision engineering firm.

And the reason he was in the news?

He disappeared with $33 million bucks, which would happen to be the rough worth of a 19 square feet bungalow in Singapore.

Image: Mothership

But hey, enough talking on my part; you can click here to read my way more talented colleague’s interpretation of the incident.

And here to find out (through my supremely charismatic superior’s writing) how he was eventually arrested on 30 May 2019, and charged for a separate cheating case outside of the $33 million he pocketed.

And well… now what?

If you processed the article headline on the way in, you would know that Jeffrey Ong didn’t just disappear with $33 million dollars in his pockets.

Yes, there’s more.

According to Straits Times, another three clients of JLC Advisors (the law firm whose managing partner so happens to be the infamous face up above) have stepped forth to the Commercial Affairs Department (CAD), with concerns regarding unauthorised transactions of monies totalling $16 million that was held by the firm.

The revelation, according to reports, was revealed by the prosecution yesterday (13 June), as it pushed further charges up Jeffrey’s alley and requested the court to extend his remand for the CAD to further its investigations.

Additional eight counts of forgery

Ong, who turned up in court yesterday via a video link (as he’s currently held in remand), was slapped with an additional eight counts of forgery for the objective of scamming another company, CCJ Investments, into paying out a sum of $6 million.

This is on top of the one count of cheating that he was dealt with on 1 June.

And of course, Ong is linked to a missing sum of more than $33 million, which was previously held in escrow by JLC Advisors for its client Allied Technologies.


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Whether there will be any additional charges in the near future, however, will be a notion that remains to be seen.

For a more detailed timeline of what went down, you can check here. Though with all things considered…

Here’s hoping that justice will be served and that the affected companies will get their value’s worth in the end.