SINGAPORE, March 6 -- A 43-year-old investment manager has been jailed for five months after helping criminals convert proceeds from a scam into cryptocurrency through the sale of a gold bar.

According to The Straits Times, Jiang Desheng admitted to assisting in transferring benefits from criminal conduct after facilitating a transaction involving a 1kg gold bar later linked to a scam victim in China.

Court documents showed Jiang had met a person known as Mei Se Hui on social media on August 30, 2024.

Mei asked him to help sell a gold bar in Singapore on behalf of a friend who wanted the proceeds converted into cryptocurrency.

That same day, Jiang was instructed to meet another man who handed him the gold bar along with a receipt show...