2 S'pore financial 'experts' who drove Lamborghinis now bankrupt, over 50 people invested S$5 million: ST
They promised investors up to 15 per cent in yearly returns.
Two financial experts, Lim Jian Bin and Jason Fong Wai Hong, once used their charm and expensive possessions to lure investors into their business schemes. Lim, who claimed to have gone from being a private-hire vehicle driver to a successful businessman, and Fong, a director of various businesses, promised guaranteed returns of up to 15% per year.
They met potential investors in Lamborghini-driving style, wearing expensive watches, and posted photos at car meetups. However, their promises turned out to be false. In April and July 2026, both men were declared bankrupt. Fong hasn't left Malaysia since June 21. Over 50 investors have put about S$5 million into their ventures and are now left wondering if they can recover their money.
The schemes included a vending machine business, Nozomii Vending, which promised returns of 5 to 10% per year, and a commercial property deal involving a 134 sqm industrial property in Telok Blangah Heights. Several investors have made police reports against the pair, and investigations are ongoing.
Written by urgent.news from Mothership's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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