Jail for car dealer who kept money sellers and buyers gave him; victims lost around $500k

Published Nov 05, 2026, 05:12 PM

Updated Nov 05, 2026, 05:12 PM

Tan Heng Khoon, 57, director of 360 Holdings, was jailed for two years and 11 months after pleading guilty to five cheating charges over second-hand car deals.

He cheated sellers and buyers of luxury cars, including a Maserati and a Jaguar, by taking money, issuing bounced cheques, and failing to transfer ownership or sale proceeds.

Victims lost around $500,000, police reports were filed, and Tan was arrested in November 2024 after the frauds came to light.

SINGAPORE – The director of a car dealership who deceived some clients by using the money he received from selling their cars has been sentenced to two years and 11 months’ jail.

On Nov 5, Tan Heng Khoon, 57, pleaded guilty to five cheating charges involving luxury cars including a Maserati Levante GranSport and a Jaguar I-Pace.

The court heard that no compensation order was sought as Tan has been declared bankrupt and does not have means to repay the victims.

Tan was the sole director and shareholder of 360 Holdings, a car dealership company in the business of buying and selling second-hand cars.

Deputy Public Prosecutor Hidayat Amir said Tan deceived sellers into believing he would be paying them the sale proceeds after they handed over their cars for the company to sell.

Instead, he used the money he received from selling the cars to finance his business expenses.

He also lied to buyers, saying he would transfer the ownership titles to them. After they paid him, he transferred a portion of the money he received to his personal bank account.

On one occasion in September 2022, the first victim engaged Tan to sell his Maserati, which was then valued at $389,000.

Later that year, Tan falsely promised the victim that he would pay him the sales proceeds of $152,663, after deducting the victim’s liabilities, deposit and commission owed to the company.

Tan handed the victim a cheque, despite knowing his firm did not have sufficient funds to finance the cheque. This led the victim to handing Tan the Maserati and its keys.

When the victim tried to deposit the cheque but found that it had bounced, he told Tan, who lied that this was because the buyer’s payment had not been received.

Tan gave the victim a new cheque, but told him not to cash the cheque yet.

The prosecutor said that in order to stall for time and deter the victim from alerting the police, Tan transferred $35,000 to him in December 2022.

The victim lodged a police report that month and has not received any other payments from Tan since.

On another occasion in October 2022, the second victim engaged Tan’s company to sell his Jaguar, which was then valued at $269,000.

Despite promising that he would hand over the sales proceeds of $256,310, the victim never received the money.

In March 2023, the third victim signed an agreement with Tan’s company to purchase a BMW 125 for $67,488.

The third victim collected the car, but the ownership of the vehicle was not transferred to him.

Tan also did not transfer the money to the seller of the BMW. Instead, he paid some of the money to various unknown individuals and transferred $10,000 to his personal bank account, said the prosecutor.

Multiple police reports were lodged and Tan was arrested in November 2024.

In mitigation, Tan’s defence lawyer Riko Isaac said his client was remorseful for his actions and had started businesses, including 360 Holdings, with the intention to support himself.

“Regrettably, he did not manage these businesses well and effectively became the architect of his own financial disaster and mess when he found himself being unable to cope with the various financial commitments he entered,” said Isaac.

“But he does not use this as an excuse and regrets all the losses he caused to the victims.”

Those convicted of cheating can be jailed for up to 10 years and is liable to a fine.

Nadine Chua is a correspondent covering crime and court at The Straits Times.

发布于 2026 年 11 月 5 日下午 5:12

更新于2026年11月5日下午5:12

360 Holdings 的董事 Tan Heng Khoon（57 岁）承认在二手车交易中犯有五项欺诈罪，被判入狱两年零十一个月。

他通过收取钱款、开空头支票、不转移所有权或销售款项等手段欺骗豪华汽车的买卖双方，其中包括玛莎拉蒂和捷豹。

受害者损失了约 50 万美元，警方已立案调查，诈骗案曝光后，谭于 2024 年 11 月被捕。

新加坡——一家汽车经销店的负责人利用出售汽车所得款项欺骗部分客户，被判处两年零十一个月监禁。

11月5日，57岁的陈恒坤承认了五项诈骗指控，涉及豪华汽车，包括一辆玛莎拉蒂Levante GranSport和一辆捷豹I-Pace。

法庭获悉，由于谭某已被宣布破产，无力偿还受害者，因此没有寻求赔偿令。

Tan 是 360 Holdings 的唯一董事和股东，该公司是一家从事二手车买卖的汽车经销公司。

副检察官希达亚特·阿米尔表示，谭某欺骗卖家，让他们相信在将汽车交给公司出售后，他会支付他们售车款。

相反，他把卖车所得的钱用来支付自己的生意开支。

他还欺骗买家，声称会将所有权转让给他们。买家付款后，他将收到的部分款项转入了自己的个人银行账户。

2022 年 9 月，第一名受害者曾委托 Tan 出售他的玛莎拉蒂，当时这辆车的价值为 389,000 美元。

同年晚些时候，谭某虚假地向受害者承诺，在扣除受害者欠公司的债务、押金和佣金后，他将支付受害者 152,663 美元的销售收入。

谭明知其公司资金不足以支付支票金额，却仍将支票交给了受害者。这导致受害者将玛莎拉蒂跑车及其钥匙交给了谭。

当受害者试图存入支票时，发现支票跳票了，他告诉了谭，谭谎称这是因为买家的付款还没有收到。

谭给了受害者一张新的支票，但告诉他暂时不要兑现。

检察官表示，为了拖延时间并阻止受害者报警，谭某于 2022 年 12 月向他转账 35,000 美元。

受害者当月向警方报案，此后未再收到谭的任何付款。

2022 年 10 月，第二名受害者再次委托 Tan 的公司出售他的捷豹汽车，当时该车价值 269,000 美元。

尽管他承诺会交出 256,310 美元的销售所得，但受害者从未收到这笔钱。

2023 年 3 月，第三名受害者与 Tan 的公司签订协议，以 67,488 美元的价格购买一辆 BMW 125。

第三名受害者取走了车，但车辆所有权并未转移给他。

检察官称，谭某也没有将钱转给宝马车的卖家。相反，他将部分款项支付给了几个身份不明的人，并将1万美元转入了自己的个人银行账户。

警方接到多份报案，谭于 2024 年 11 月被捕。

为减轻罪责，谭的辩护律师里科·艾萨克表示，他的当事人对自己的行为感到懊悔，并创办了包括 360 Holdings 在内的多家企业，目的是为了养活自己。

“遗憾的是，他没有好好经营这些生意，当他发现自己无法应对各种财务承诺时，实际上成为了自己财务灾难和混乱的始作俑者，”艾萨克说。

“但他并没有以此为借口，而是对给受害者造成的损失深感遗憾。”

犯有欺诈罪的人最高可被判处 10 年监禁，并可能被处以罚款。

Nadine Chua是《海峡时报》负责报道犯罪和法庭新闻的记者。