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.

5 days ago · [SINGAPORE] Alleged nickel fraudster Ng Yu Zhi had “five families” – his wife, ex-wife and three girlfriends – one of his former employees told the High Court on Wednesday (Apr 16). This prosecution witness, Shen Xuhuai, also testified that Ng had asked her to help him buy a 20.25-carat yellow diamond ring for US$965,000.

Apr 11, 2025 · SINGAPORE – Over six months, alleged fraudster Ng Yu Zhi spent nearly $7 million buying eight high-end cars, most of which were given to his wife and three girlfriends. The cars included two ...

Apr 15, 2025 · SINGAPORE – Less than a year after he paid $490,000 for a Bentley Mulsanne, alleged fraudster Ng Yu Zhi traded in the luxury car for an Aston Martin Rapide he bought for a man who is believed to ...

Dec 5, 2024 · Ng Yu Zhi stands trial for allegedly orchestrating Singapore’s largest Ponzi scheme that defrauded nearly 1,000 investors.

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.

Jul 31, 2024 · SINGAPORE – The civil trial of a case brought by liquidators against Ng Yu Zhi, the alleged nickel-trading fraudster at the centre of a $1.5 billion nickel trading scam, and three others began...

Apr 11, 2025 · Car dealer who sold over S$8 million in luxury vehicles, registration plates to Ng Yu Zhi takes the stand This is a small fraction of what Ng allegedly spent on cars, with court documents showing ...

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).