Farm Boon Tet, the founder of a debt collection firm in Singapore, has been sentenced to 81 months in jail for misappropriating over $1 million in cash and currency notes. The offences occurred between 2023 and 2025. Tet illegally pocketed funds intended for the firm’s operations, demonstrating a breach of trust and financial misconduct. The court determined the severity of the crime warranted a significant custodial sentence. This case highlights the commitment of Singaporean authorities to prosecute financial crimes and uphold corporate integrity. The sentence serves as a deterrent to others considering similar fraudulent activities within the financial sector in Singapore. Investigations revealed the deliberate and calculated nature of Tet’s actions.