SINGAPORE – A total of 466 luxury items and 58 pieces of gold bars from the

$3 billion money laundering case

have been handed over by police to professional services firm Deloitte to manage and liquidate.

They include Patek Philippe and Richard Mille watches, multiple pieces of diamond-encrusted jewellery, and Hermes and Louis Vuitton handbags. The gold bars weigh between 999g and 1kg each.

The items were among assets seized in an anti-money laundering operation that saw

10 foreigners arrested in multiple raids

on Aug 15, 2023, and 17 other suspects flee Singapore amid the probe.

The police said they would progressively hand over all the remaining non-cash assets to Deloitte to manage and liquidate.

In total, the police seized or took control of around $1.25 billion in non-cash assets – including cars, properties, art, watches, jewellery, gold bars, handbags and bottles of alcohol – during investigations.

Some of the items, including 54 properties, were liquidated earlier in 2024.

The police incurred costs of $2.65 million in the 2023 and 2024 financial years to maintain and manage the assets, a spokesman told The Straits Times.

On Aug 12, the police said they had formally appointed Deloitte & Touche Financial Advisory Services for the management and liquidation of the remaining non-cash assets.

“To facilitate this, police are progressively handing over all remaining non-cash assets that have yet to be liquidated to Deloitte. Between Aug 11 and 12, police handed over 466 luxury goods items and 58 pieces of gold bars to Deloitte,” said the police spokesman.

Deloitte will submit its proposals for the sale of the assets in due time, and the proceeds will be paid into the Consolidated Fund, the police spokesman said. “These could include auctions and direct selling. Deloitte will commence the realisation of the assets upon the Government’s approval of the proposals.”

Revenues of Singapore are paid into the Consolidated Fund, which is similar to a bank account held by the Government, out of which government expenditures are made.

The nine men and one woman arrested were convicted in 2024 and jailed for between 13 and 17 months for offences including money laundering, forgery and resisting arrest.

They were deported and barred from entering Singapore after completing their jail terms.

The 27 foreigners had spent lavishly in Singapore, with many living in good class bungalows and joining Sentosa Golf Club, where membership for foreigners cost around $950,000 at its peak.

It came to an end when more than 400 officers, including those from the Criminal Investigation Department, Commercial Affairs Department, Special Operations Command or riot police, and Police Intelligence Department, raided their homes.

When they received news of the blitz, 17 suspects fled the country, leaving behind assets such as luxury cars, watches and jewellery in their haste.

Home Affairs Minister K. Shanmugam, who was then also Law Minister, told Parliament in a written response on Feb 26 that as at December 2024, around $2.79 billion out of the $3 billion linked to the case had been surrendered to the state. This included $1.54 billion in cash and financial assets.

Mr Shanmugam, who is now also Coordinating Minister for National Security, said that 54 properties, 33 vehicles and 11 country club memberships were liquidated by the

end of December 2024

.

He added that about $1.8 million had been paid into the Consolidated Fund by the end of 2024, with another $390 million to be paid within the 2024 financial year.

As for the items linked to the case, The Straits Times had reported in January 2024 that the Government confiscated 207 properties, 77 vehicles, more than $1.45 billion in bank accounts and more than $76 million in cash of various currencies.

Alongside these assets, thousands of bottles of liquor and wine, cryptocurrency worth more than $38 million, 68 gold bars, 483 luxury bags, 169 branded watches and 580 pieces of jewellery were also seized.

As a result of the case,

penalties amounting to $27.45 million

were imposed on nine financial institutions on July 4, after the scandal exposed critical weaknesses in the banks, which included shortcomings in the assessment of a customer’s risk and source of wealth and the monitoring of suspicious transactions, as well as inadequate risk-mitigation measures.

The Ministry of Law also penalised three law firms for anti-money laundering breaches over the purchase of properties linked to the case.

Another three law practices were reprimanded for their involvement in the property deals, and five lawyers were referred to the Law Society of Singapore for potential disciplinary action.

Inquiries into 11 other firms are ongoing.

Action was also taken against two property agents, who were fined for their failure to carry out customer due diligence measures on clients linked to the case.

As a result of the investigations, there were legislative changes and enhanced measures to strengthen anti-money laundering laws in Singapore, such as the Anti-Money Laundering and Other Matters Bill that was passed in Parliament on Aug 6, 2024.

An Inter-Ministerial Committee on Anti-Money Laundering was also

formed in November 2023,

to look into Singapore’s anti-money laundering framework.

Meanwhile, the Corporate Service Providers Bill and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill were both

passed in Parliament in July 2024

, requiring all business entities providing corporate services to register with the Accounting and Corporate Regulatory Authority.

The Anti-Money Laundering and Other Matters (Estate Agents and Developers) Bill, passed in April, has resulted in

stricter compliance requirements and enhanced deterrents

being placed on estate agents, salespersons and developers.

Do It For The Money by Brutus VIII is an intense listen. It certainly isn’t a record made for fun, or even for an audience, necessarily. Just kind of something he had to get out of his system before it ate him alive. In a compelling way, the EP is hard to sit with and a little emotionally messing. My Eating Disorder is already a fucking heavy name that mirrors the cacaphony that of the EP. Distorted synths crash over blown-out drum machines. His voice slips between monotone and manic, whispering the line “I just wanna be someone else.” Someone who has lived in his own head for too long, he’s expressing the longing and loneliness, mirroring the internal chaos through his music.

“Do It for the Money” keeps the same pressure. Bass-heavy and disoriented, it rides a dark techno groove while he confesses, “I did it for the money, I did it for the friendships I thought I’d get.” An honest mix of bitter cynicism and a clear connection between performance, commodification. By the time he reaches “The Chant” and murmurs, “I got a discotech, but I want to disconnect,” the message is clear.

Then comes “Eichmann on Trial Again,” the EP’s strangest and most fascinating moment. It slows everything down. The spoken word delivery is more pointed, more deliberate. Underneath, electronic organs swell while bursts of saxophone bleed through the cracks. The title references Adolf Eichmann, tried for his role in the Holocaust, and the line “He knows all the words to our favorite hip-hop songs” is bitter irony at the uncomfortable situation he resides in. The whole track feels like a collapse: historical trauma, personal disillusionment, cultural critique, all crumbling together in a wash of jazz and electro.

Brutus VIII builds a world out of broken machines. Blown-out drum loops and twisted synths, bass lines and intense percussion all swirl around vocals that drift from deadpan to desperate. The songwriting balances irony with despair, humor with horror, like someone trying to stay composed while everything is collapsing inside. It’s honestly a little ugly. But it’s also honest, and occasionally beautiful in an authentic way.

Order Do It For The Money by Brutus lll HERE

Jake Paul has made himself richer than he ever expected after moving from the world of YouTube into professional boxing.

The YouTuber is set to take on Julio Cesar Chavez Jr on June 28 in his toughest test yet.

Jake Paul’s planned fight with Canelo Alvarez fell apart, but his opponent was replaced by Chavez Jr in the main event of a blockbuster card in California.

This could be one of Paul’s biggest paydays yet, adding to the incredible amount of money he’s made in his career so far.

Jake Paul has made over $60 million since starting his boxing career

Paul has made an astronomical amount of money since beginning his career in professional boxing.

The former Disney Channel actor made his boxing debut in 2020. Paul beat fellow YouTuber AnEsonGib in a quick and easy knockout victory, which earned him a reported payday of $1 million.

His pay for the next few fights varied, going as low as $600,000 for his win over Nate Robinson and over $3 million for his defeat to Tommy Fury in 2023.

Paul’s paydays stayed around the $2 million to $3 million mark until his blockbuster fight with Mike Tyson shattered his records for their November 2024 bout.

Despite claims that Paul was paid up to $90 million for the bout, he claimed in the months before the fight that he earned a more modest $40 million for beating the former World Heavyweight champion.

“I’m here to make $40 million and knock out a legend,” Paul told a press conference in the build-up to the fight.

Looking at the reported figures, Paul has earned an estimated $61.4 million from his boxing career alone. This will increase with the Chavez Jr fight, although it is missing the split of the pay-per-view revenue he will have earned.

That will add even more millions to his purse, making Paul one of the most successful boxers in recent years.

Jake Paul is unlikely to make more on his next bout than the Mike Tyson fight

While Paul’s upcoming bout with Chavez Jr is garnering huge interest, he is unlikely to make as much money on the fight as his last one.

The bout with Tyson in November 2024 earned Paul a reported $40 million. However, the interest in that bout was incredible, which was helped by it being broadcast live on Netflix instead of pay-per-view.

This earned Paul a huge fee, although that made up for a lack of PPV revenue share.

The bout with Chavez Jr is being broadcast on DAZN, which means he will only earn a huge fee if the fight sells a lot of pay-per-views.

While his purse for fighting will be in the millions, it would need to be a massively popular bout to hit the $40 million mark to take his total fight earnings to over $100 million for his career.

by Brandon Jarvis

The Working Families Party is criticizing Democratic lieutenant governor candidate Levar Stoney for the donations he has received for his campaign with a digital ad. However, donors that WFP cited in its criticism of Stoney also give substantial amounts to a long list of Democrats.

“These donors have funded Republicans who advance Trump’s agenda, like Gov. Glenn Youngkin and Attorney General Jason Miyares, and even a Republican candidate for the same position,” WFP said in a news release.

One of the donors referenced by WFP is Thomas McInerney. According to VPAP, McInerney has given $22,500 to Republicans in 2025. However, he has given $138,500 to Democrats, a list that includes gubernatorial nominee Abigail Spanberger, both Democratic candidates for attorney general, and Stoney’s opponent for the lieutenant governor nomination, state Sen. Ghazala Hashmi.

Historically, McInerney has donated more than $1 million to Democratic candidates, compared to $425,000 to Republican candidates.

WFP also cited Pace-O-Matic, the group pushing for the legalization of skill games in Virginia, which has given Stoney $25,000 this year. The company has also given $10,000 to Stoney’s opponent, state Sen. Aaron Rouse, and to Democratic attorney general candidate Jay Jones.

In 2025, Pace-O-Matic has given $142,500 to Democratic candidates and $15,000 to Republican candidates.

Another donor cited by WFP is Basim Mansour, who has donated more than $174,000 to Democrats and $122,000 to Republican candidates. He also donated to Pat Herrity, who was seeking the Republican nomination for lieutenant governor before dropping out for health reasons.

This is not the first attack Stoney has faced this cycle from an outside entity. In May, a conservative organization purchased a billboard in Richmond blaming him for the city’s January water crisis.

“Let’s be real — when the far right and far left are both attacking you, you’re probably doing something right,” Stoney said in a statement to Virginia Scope. “I don’t play politics to please the extremes. I will continue to run my positive campaign to ensure every Virginian gets a fair shot, no matter who they are or where they live.”

WFP told Virginia Scope that they are not endorsing a candidate in the lieutenant governor race.

When asked if they plan to attack other Democrats in these races who accepted money from these donors, like Spanberger, WFP said they are only focused on the lieutenant governor primary.

View the ad below:

‘Changed my life’: Woman raises money for high school senior who worked Burger King shift the day of graduation