Sentenced to prison for swapping fake ring for diamond ring

Court records show that in October 2023, Mr. Ngo was contacted by a fellow countryman surnamed Tran via WeChat and asked if he wanted to do a job that would make him money quickly, CNA reported.

The fake ring (left) that a Chinese man named Ngo Huu Toan used to exchange for a real diamond ring worth SGD 318,000 (right)

Mr. Tran said the job was high-risk, involving swapping a fake ring for a diamond ring from Singapore-based Tiffany & Co. Mr. Ngo agreed, although Mr. Tran would not say how much money he would make from the deal.

On November 20, Mr. Ngo went to the Tiffany & Co jewelry store at Marina Bay Sands (Singapore) and tried to exchange a diamond ring worth 318,000 SGD (more than 5.8 billion VND) for a fake ring, but he did not have time to leave the store before being discovered by an employee.

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