REVELATIONS that the father of Nominated MP and former national
swimmer Joscelin Yeo had been convicted of loan shark activities
have stunned the swimming community.
On Tuesday, Lawrence Yeo was jailed for two years and fined
$150,000 after pleading guilty to running an illegal moneylending
racket with four Filipino maids.
The 68-year-old began loan-sharking in June last year. Operating
out of his flat in Bukit Batok, he used computers and a mobile
phone to keep track of his borrowers and loans.
An estimated $10,000 was loaned out to borrowers - all Filipino
maids. When told of the news, Singapore Swimming Association
secretary-general Oon Jin Gee said he was shocked, describing Yeo
as a supportive parent throughout Joscelin's swimming career.
'I always found him to be a fair and down-to-earth person,' said
Mr Oon. 'My heart goes out to his family. They have gone through a
lot.'
Yeo, a former assistant general manager with Maybank, often
attended his daughter's swimming meets with his late wife Tan Lee
Choo, who died from a brain tumour in 2009.
