14-03-2025, 09:59 AM
Singapore court sets high bail for three men accused of US$390 million Nvidia chip fraud
Three men, including two Singaporeans and a Chinese national, are accused of fraud totalling US$390 million over Nvidia chip movements. Bail was set as high as S$1 million. Prosecutors allege they defrauded Dell and Super Micro, with the Singaporeans falsely claiming in 2024 that the items procured would not be transferred to unauthorised parties.
https://www.theonlinecitizen.com/2025/03...hip-fraud/
Three men, including two Singaporeans and a Chinese national, are accused of fraud totalling US$390 million over Nvidia chip movements. Bail was set as high as S$1 million. Prosecutors allege they defrauded Dell and Super Micro, with the Singaporeans falsely claiming in 2024 that the items procured would not be transferred to unauthorised parties.
https://www.theonlinecitizen.com/2025/03...hip-fraud/