{"id":88264,"date":"2026-09-27T11:57:08","date_gmt":"2026-09-27T03:57:08","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=88264"},"modified":"2026-09-27T11:57:08","modified_gmt":"2026-09-27T03:57:08","slug":"police-probe-into-jason-fongs-alleged-ponzi-scheme-in-singapore-widens","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=88264","title":{"rendered":"Police probe into Jason Fong\u2019s alleged Ponzi scheme in Singapore widens"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"text-primary article-summary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">SINGAPORE \u2013 <!-- -->The former wife of <a href=\"https:\/\/www.straitstimes.com\/singapore\/courts-crime\/self-claimed-wealth-gurus-who-drove-lamborghinis-now-made-bankrupt-investors-worry-about-their-5m?ref=inline-article\" rel=\"noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><span class=\"inline font-tertiary-body-baseline-regular\" data-testid=\"typography-test-id\">self-styled wealth guru Jason Fong<\/span><\/a> was stopped by the authorities at Woodlands Checkpoint and searched after she returned from a trip to Malaysia on Sept 9.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">It happened amid a police probe into an alleged Ponzi scheme, which saw multiple investors pour tens of thousands of dollars into Fong\u2019s investment scheme.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Fong, who was declared an undischarged bankrupt in<!-- --> January<!-- -->, had travelled to Kuala Lumpur on a flight on <!-- -->June 21<!-- -->, and has not left Malaysia since.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">His former wife, Diana Goh Geok Lee, posted her experience of being stopped at the checkpoint on Facebook, but deleted it soon after.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Her ex-husband\u2019s investors, who have been pressing Goh for answers, kept screenshots of what she wrote.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Goh<!-- --> <!-- -->said she and her daughter were surrounded by up to <!-- -->six officers<!-- --> on her return from Kuala Lumpur. They had travelled there to visit Fong\u2019s family.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cWithout informing me of what happened, they searched my car and body in the investigation room,\u201d said Goh.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cLater&#8230; they told me, \u2018You are under investigation for Jason Fong\u2019s cheating case.\u2019\u201d<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Fong is being investigated over a financial scheme <!-- -->in which<!-- --> he allegedly promised investors returns of up to 15 per cent annually for money they poured into a 134 sq m property in Telok Blangah Heights, which <!-- -->currently houses<!-- --> an unmanned <!-- -->laundromat business<!-- -->.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The 46-year-old, often seen with his Lamborghini, became popular on social media as he hobnobbed with local<!-- --> personalities<!-- --> <!-- -->and used the attention to attract investors.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The Straits Times found seven investors who had invested a total of $390,000 in the scheme.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Goh said since her former husband<!-- -->\u2019s<!-- --> sudden silence after leaving the investors\u2019 WhatsApp chat group <!-- -->in 2025<!-- -->, disgruntled investors have pressed her for answers, even turning up at her home uninvited.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">She said she has had to deal with multiple phone calls and surprise visits <!-- -->to<!-- --> her shop by Fong\u2019s investors who are demanding the return of their investments.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">In an earlier Facebook post, Goh said a former investor had turned up at her shop (location undisclosed) on Sept 13 and caused a scene.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cI can understand every investor\u2019s frustration, but what I cannot accept is this: When my daughter tried to calm her down and suggested we go have a meal and talk properly, she shouted at my daughter,\u201d said<!-- --> Goh<!-- -->, adding that the woman even chased after her daughter.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Goh took over a design business from her former husband in June 2026, according to business records.<\/p>\n<h2 class=\"font-primary-headline-md-semibold\" data-testid=\"article-subhead-test-id\">Police probe<\/h2>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Police have reached out to a number of investors to unravel the scheme Fong allegedly ran since ST <!-- -->published<!-- --> the report on <!-- -->Aug 31<!-- -->.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Two investors, who declined to be named, said they were interviewed by police investigators separately earlier in September. Another two said they have been asked to turn up <!-- -->for interviews<!-- --> in September and October.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Matthew Chua said he had learnt about Fong in 2020 at a wealth<!-- --> seminar,<!-- --> where <!-- -->he<!-- --> was introduced to Fong and his now ex-wife.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Fong began to promote a commercial property investment to Chua, who later roped in a friend<!-- -->, with the pair investing<!-- --> a total of $50,000 in the scheme in <!-- -->March 2022<!-- -->.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">According to an agreement seen by ST, Fong promised to pay Chua and his friend dividend<!-- -->s<!-- --> of <!-- -->$5,000<!-- --> once a year over a period of four years.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">But Chua said they received payments only in March 2023 and March 2024.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Chua shared with ST why he trusted Fong\u2019s property investment: \u201cWhen I joined the wealth <!-- -->seminar<!-- -->, the organiser was promoting Fong and Diana. At that time, the property had promising returns and <!-- -->a<!-- --> 10 per cent yearly return was attractive. There was no bad news about Fong back then.\u201d<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The 50-year-old real estate agent said he tried contacting Fong after the payments stopped, but received no answers.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Fong is not the only self-styled wealth guru being investigated by police.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">ST understands Fong\u2019s former business associate Takeshi Lim Jian Bin, who also made a name for himself on social media platforms, is the subject of a separate probe.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Lim, 36, had allegedly promised 5 per cent to 10 per cent returns a year for investments into his vending machine and industrial property deals.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">More than 40 investors poured around $4 million into the schemes.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Lim, who, like Fong, drove a Lamborghini, later apologised to investors when they failed to receive <!-- -->dividends<!-- -->.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u00a0<\/p>\n<\/div>\n<p><br \/>\n<center><br \/>\n<br \/><a href=\"https:\/\/www.straitstimes.com\/singapore\/courts-crime\/probe-into-self-styled-wealth-guru-jason-fongs-business-widens\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><br \/>\n<center\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE \u2013 The former wife of self-styled wealth guru Jason Fong was stopped by the authorities at Woodlands Checkpoint and searched after she returned from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":88265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-88264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/88264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88264"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/88264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/88265"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}