Kenny Rogers' country classic The Gambler is right about two things: you gotta know when to hold'em and know when to fold'em. A former Maserati salesman in Singapore is learning that lesson about when to step away from the table, after being sentenced to 33 months in prison for allegedly gambling away a customer's deposit of 350,000 Singapore dollars ($280,800).

According to Asia One, Allan Tan Buan Yuen was selling a Maserati in 2011. He told the customer that the car would take six months to arrive and cost 650,000 Singapore dollars ($522,000). While that may sound high, cars in the Asian country are notoriously expensive.

Yuen asked for a deposit of 150,000 Singapore dollars ($120,400), but instead of handing the money to the dealer, he placed the funds in his own account. Apparently, the customer didn't notice, and over the next few months Yuen received an additional 200,000 Singapore dollars ($160,400) towards the car from him. Clearly, this ruse couldn't last forever, though. When the buyer eventually inquired about his Maserati months later, Yuen admitted that he had already gambled away the entire fortune.

Yuen saw it wasn't worth fighting and pled guilty to his crime. The judge appeared to show some lenience, as well, because, according to Asia One, the maximum sentence could have been 15 years in prison and a fine. At just under three years behind bars, Yuen received only a fraction of that.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 12 Comments
      cj
      • 11 Months Ago
      You can drop "allegedly" since he admitted it himself.
      Rob
      • 11 Months Ago
      The money is hidden somewhere. Not bad for 33 month in jail and not working. That's over $8000 a month for doing nothing.
      johnb
      • 11 Months Ago
      sounds like he got off easy.
      Neez
      • 11 Months Ago
      WTF, he decieved and stole this guys $280k, and he was only given three years. WTF kind of punishment is that???Obviously, risk was very low for this guy, crime seemed worth it. If he had actually won, he could have pocketed the profit and got this guy the car with the original funds.
      Wetstuff
      • 11 Months Ago
      I'd bet for $200. the 'victim' could make it so the guy leaves prison horizontal.
      HollywoodF1
      • 11 Months Ago
      They have the same problem with gambling that we have with guns-- not a problem for the vast majority, but so glorified across society that it guarantees problems for every possible person who can't handle the pressure.
      knightrider_6
      • 11 Months Ago
      Bank CEOs in US gambled away our money, but none of them had to go to jail for it. Our DOJ is incompetent.
      SquareFour
      • 11 Months Ago
      Why wasn't he "caned"? They'll whoop the crappola outta you for vandalizing a car or train, but only three years for blatant theft...then again, 3 years in a Singapore prison is probably a lot like 3 years in hell.
      imoore
      • 11 Months Ago
      What are the odds this guy will get his job back, or at least find employment at another dealership?