Singapore's Notorious Luxury Scam Unfolds

In a dramatic turn of events, a Singaporean man implicated in a jaw-dropping $32 million luxury goods scam is set to plead guilty on October 10. Pi Jiapeng, 30, has faced legal turmoil since his arrest in August 2022, when investigations into his scheme began making headlines.

The Mastermind and Her Accomplice

Pi's wife, Pansuk Siriwipa, a Thai national, was sentenced to an astonishing 14 years in prison in October 2024 for her pivotal role in this high-stakes fraud. This cunning duo devised a complex operation that duped nearly 200 victims, amassing a staggering financial gain through deceit.

A Web of Deceit

The couple's companies, Tradenation and Tradeluxury, became infamous after over 180 police complaints surfaced, revealing that they had taken payments for luxurious handbags and watches but failed to deliver the goods. Pi Jiapeng now faces nine serious charges, one of which includes possessing a luxury sports car obtained through illicit means.

Fleeting Freedom and Trailing Law Enforcement

In a desperate bid to evade justice, Pi and Pansuk fled Singapore, hiding in the container compartment of a lorry. However, their escape was short-lived. Authorities issued arrest warrants and Interpol red notices as the couple went on the run.

The Final Capture

More than a month after their escape, the Singapore Police Force, tipped off by the Royal Thai Police, located them in a hotel in Johor Bahru, where they were arrested on August 11, 2022. They were swiftly returned to Singapore, facing serious charges without the option of bail.