SHAH ALAM: A freelance consultant was fined RM20,000 for cheating five individuals into investing in a scheme, resulting in them depositing RM121,860 into his former company's account.
Sessions Court judge Aslam Zainuddin yesterday fined Wan Mohamed Wan Zin, 43, who was then working with SMI-Q Resources Sdn Bhd, after he pleaded guilty to the offence.
Aslam also ordered him to serve two months' jail if he failed to pay the fine.
Wan Mohamed admitted cheating the investors to invest in "Kijang Emas Gold Bullion Coins" currency and promising them high returns.
The offence was committed at the company premises at No. 139-1A, Pusat Niaga Batu Caves in Batu Caves between April 30, 2007 and May 30, 2008.
Wan Mohamed initially claimed trial but changed his plea after 13 witnesses testified.