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
This article is for subscribers only.
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.