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Ng Yu Zhi's lavish lifestyle funded by $1 bil fraud

Bloomberg4/15/2021 6:50 PM GMT+08  • 7 min read
Ng Yu Zhi's lavish lifestyle funded by $1 bil fraud
Local prosecutors allege Ng's lavish lifestyle was built on lies.
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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 neighbourhood and a Pagani Huayra supercar reportedly worth more than US$5 million ($6.7 million).

See: Ng Yu Zhi charged for nickel investment scam involving at least $1 billion

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

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