- Seet Seo Boon set up the syndicate with his two brothers in 2011
- The syndicate collected more than S$100 million in revenue over five years through illegal 4D and Toto bets
- They had a number of runners and agents working under them who were encourage to recruit more members to mitigate any losses
- The police arrested the brothers and other syndicate members through a series of raids in November 2016
SINGAPORE — After starting an illegal online gambling syndicate in 2011 with his two older brothers, Seet Seo Boon helped to expand it in five years to a multimillion-dollar enterprise that collected a weekly revenue of at least S$1 million.
Using two main websites, the syndicate collected 4D and Toto lottery bets and earned more than S$100 million in revenue before they were nabbed.
Seet, who earned profits of at least S$19,000 a month, also spent about S$150,000 of his ill-gotten earnings to pay off his mortgage on a three-room condominium unit in River Valley.
On Wednesday (Dec 8), the 56-year-old Singaporean pleaded guilty to seven charges mostly under the Organised Crime Act, Common Gaming Houses Act and Remote Gambling Act.
The charges included being a leader of an organised criminal group, providing remote gambling services and assisting in carrying on a public lottery.
Another 54 similar charges will be taken into consideration during his sentencing on Jan 19 next year.
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