Jan 17, 2023 · SINGAPORE - Ng Yu Zhi, the alleged perpetrator of a US$1.1 billion (S$1.5 billion) nickel trading scam, has been declared a bankrupt ahead of a hearing on his criminal case at the State Courts...

Feb 7, 2024 · NG YU Zhi, the alleged nickel-trading fraudster at the centre of a US$1.1 billion scam, has had another two charges, one each for forgery and money laundering, laid to his name. He is suspected of having committed these offences when he tried selling a property said to have been bought with criminal proceeds.

Ng Yu Zhi (born c. 1987), [1] also known as Ng You Zhi, [2] [3] is a Singaporean alleged con artist and 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.

Nov 27, 2024 · SINGAPORE - Prosecutors on Nov 27 set out their case against businessman Ng Yu Zhi, accusing him of masterminding a scheme that had 947 invest a total of $1.46 billion in a nickel trading...

Jan 31, 2024 · SINGAPORE - Accused nickel trading scammer Ng Yu Zhi has been hit with one new charge, and is again in remand for a further probe into his alleged involvement in money laundering-related...

Nov 27, 2024 · Prosecutors unveiled claims today that Ng Yu Zhi, the alleged mastermind behind a S$1.5 billion (US$1.1 billion) nickel investment scheme, lived extravagantly off the criminal proceeds from his operations.

Jul 9, 2021 · Prosecutors and court-appointed judicial managers of Ng’s companies allege that he was in fact fabricating trades and misappropriating client money to finance a S$2 million-a-month spending habit...

Jul 30, 2024 · THE nickel trades that were part of a purported Ponzi scheme allegedly perpetrated by Ng Yu Zhi attracted about S$1.5 billion in funds from investors that included financiers and lawyers. About S$854 million is still owed to them.

Nov 27, 2024 · SINGAPORE: Alleged fraudster Ng Yu Zhi "lived lavishly" on the criminal proceeds from the S$1.5 billion (US$1.1 billion) nickel investment scheme he masterminded, prosecutors told a High Court...

Jan 19, 2023 · Ng Yu Zhi, former managing director of Envy Global Trading, is accused of being involved in a scheme that cheated investors of about US$1.1 billion (S$1.5 billion).