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Singapore Trader’s Lavish Lifestyle Allegedly Fueled By $740 Million Fraud

  • Ng Yu Zhi was charged last month with four counts of fraud
  • It’s the latest in a series of financial scandals in Singapore
Ng Yu Zhi
Ng Yu ZhiSource: PR Newswire
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At 33, Ng Yu Zhi had all the trappings of a wildly successful trader: a Rolodex full of rich clients, a three-story villa in a posh Singapore neighborhood and a Pagani Huayra supercar reportedly worth more than $5 million.

Local prosecutors allege Ng also had a dark secret: His lavish lifestyle, they say, was built on lies.