Cheng, Tsz Sing 鄭梓昇

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Webb-site Reports

8 months' jail for ex-Chubb Life duo for conspiring with dummy insurance agent to launder HK$270k in commissions
ICAC, 19-Dec-2023

Duo charged with money laundering for allegedly conspiring with dummy insurance agent to handle HK$270k commissions
ICAC, 19-May-2023
Another alleged "handling agent" scam. It seems that life insurers will pay out extra commissions if their agent can name a third party handling agent who introduced the business, rather than just diverting part of the commission from the primary agent to the handling agent. This is an obvious incentive to create dummy handling agents.

Dummy ex-Chubb Life insurance agent admits money laundering for handling HK$270k commissions
ICAC, 7-Dec-2022
The unnamed ringleaders are apparently still at large. The ICAC says "Two insurance agents of Chubb, including a cousin of his, had recruited him to take part in the scam".

Duo posed as dummy Chubb Life insurance agents charged with money laundering for handling HK$1.2m commissions
ICAC, 5-Jul-2022
Yet another case in which fake referrals were allegedly used to collect additional commissions in this highly lucrative industry, for the salesforce, that is. For clients? Not so much.

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