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Ng Yu Zhi. Ng Yu Zhi (born c. 1987), [1] also known as Ng You Zhi, [2] [3] is a Singaporean alleged fraudster. The former director of Envy Global Trading, he was charged in March 2021 with running the largest Ponzi scheme [1] in the history of Singapore, worth about S$ 1.5 billion.
On 15 August 2023, the Singapore Police Force conducted an operation against money laundering. It is the biggest money laundering case in Singapore, and among the biggest in the world, involving assets worth 3 billion Singapore dollars. It led to at least ten foreigners being charged for money laundering related crimes.
Total Scams/cybercrimes. 851. *Per 100,000 population. Est. total population ('000) 5,917.6. Crime rates in Singapore are some of the lowest in the world, with petty crimes such as pickpocketing and street theft rarely occurring, and violent crime being extremely rare. [1]
Scammers are now impersonating online payment system PayPal to gain access to and steal money from bank accounts, with at least four victims having fallen prey to the scheme, the Singapore Police ...
Both of them were wanted in connection with a luxury goods scam amounting to S$32 million in undelivered goods. Two Malaysian men, one 38-years-old and the other 40-years-old, were arrested and charged for helping the couple depart Singapore illegally. An Interpol red notice was issued for the couple on 21 July.
The Denver branch of the FBI recently shared a warning about the new scam known as the “phantom hacker” scam, which targets senior citizens — half of the victims reported were over 60.
Convictions. Misuse of City Harvest Church's funds, around $50 million Singapore Dollars. The City Harvest Church Criminal Breach of Trust (CBT) Case was one of the longest criminal trials in Singapore's history. [2] Church founder Kong Hee and five other church leaders were found guilty by a District Court on 21 October 2015 of CBT by agent ...
1990s. МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.