SINGAPORE — A man who wanted to invest in bitcoin forged payslips in order to reflect a higher salary to obtain a credit card with a higher credit limit.
In order to obtain the funds for investment, he decided to apply for credit cards with various banks. Around 15 March 2020, he applied for a credit card with Citibank. As he needed to declare his monthly salary, substantiated by payslips, he decided to falsely declare that his salary as $8,100 so that he could get a higher credit limit.As he had previously worked with Mediacorp in October 2019, he used a payslip from the company as a template to reflect his false salary.
Had he declared his true monthly salary, Lin would have been granted a credit card with a credit limit of only $24,000.
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