Peter Aw Boo Cheong had also represented himself as an experienced trader to the year-old woman and tricked her into selling her assets, taking loans from three different banks and using her life insurance policy as collateral. Aw used his dishonest gains on personal expenses, including settling gambling debts. Aw was jailed for a year on Monday 24 August , after he pleading guilty to three out of eight charges of cheating the victim into believing that he needed a certain sum of money. His fresh jail term will commence when he completes the current five-year sentence he is serving. Between 10 January and 11 February , he tricked her into believing that he was a credible and trustworthy person who could help her with her investments. In fact, he was never a trader. Aw spent the entire sum of money on personal expenses and for gambling at the Marina Bay Sands Casino. He also used the money to pay off gambling debts. He did not repay the victim any amount of money. Aw had used the same method to cheat other women since
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