Singapore Sends Businessman to Jail for Role in Wirecard Fraud

A Singapore judge handed a 12-month prison term to a businessman for conspiring to misappropriate money in the Wirecard AG scandal.

Henry Yeo, a director at Jacobson Fareast Marketing Services Pte, was convicted after pleading guilty to three charges in a Singapore state court on Tuesday.

“Wirecard Asia suffered a total loss of S$123,070 ($91,072) as a result of the accused’s participation in the conspiracy to dishonestly misappropriate money from its account,” deputy public prosecutor Vincent Ong said in court.

Two ex-employees of Wirecard Asia Holdings Pte had jail sentences imposed last week for conspiring to misappropriate money in the ...