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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.
Since 2019, more than S$2.3 billion has been lost to scams. Annual losses of more than $650 million were recorded in both 2022 and 2023. [20] The top five reported scams by number of cases were related to jobs (9,914 cases), e-commerce (9,783 cases), fake friend call (6,859 cases), phishing (5,938 cases), and investment-related (4,030 cases).
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. [ 1] Internet fraud is not considered a single, distinctive crime but covers a range of illegal and ...
The Monetary Authority of Singapore (MAS) has warned the public against an alleged scam claiming that a cryptocurrency is officially adopted by the government, according to an official statement ...
In October 2006, in Malaysia, two prominent members of society and several others were held for running an alleged scam, known as SwissCash or Swiss Mutual Fund (1948). SwissCash offered returns of up to 300% within a 15-month investment period. Currently, this HYIP investment is offered to citizens of Malaysia, Singapore, and Indonesia. It ...
Misuse of around S$50 million of City Harvest Church's funds. 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 after misappropriating some S ...
August 11, 2024 at 11:07 AM. Scams asking people for personal information to fix their voter registration are rising. Bloomberg Creative/Getty Images. Officials are warning about voter ...
Since there is no limit to a scam artist’s potential, recognizing signs of common scams will serve you well. Here are examples of three of the most common scams out there today and how to block ...