How Singaporeans Lured Each Other Into A China Pyramid Scheme
9.1K views · Sep 9, 2026 · News & Politics
Comments · 16
@bettychin2744 · 2 weeks ago (edited)
SINGAPORE - Ten years ago, the police raided James Phang Wah's plush office suite in Toa Payoh and brought his Sunshine Empire crashing down. <br>The fraudster had set up an elaborate Ponzi scheme that swindled 20,000 Singaporeans - including students and retirees - out of nearly $190 million. <br>Only $21 million was ever recovered. History repeats again
7
@capricorn839 · 2 weeks ago
Greed knows no bounds, period
2
@allblacks405 · 2 weeks ago
Singaporeans scamming Singaporeans. The SG Gov has banned pyramid marketing for a few decades already. Thinking China is backward in regulations, these Singaporeans set up base in China and lure fellow Singaporeans into China to get scammed. Little did they know China authorities are beginning to wise up to the shenanigans of the capitalist world and closing in on them.
2
@sv4527 · 2 weeks ago
Greed feeds greed .
@walcotttang6946 · 2 weeks ago
Greed is the word😢
1
@dennistan4663 · 2 weeks ago
What's are friends for. The Good, the Bad and The Ugly. 😅😅😅😅
1
@ketanshah2314 · 2 weeks ago
Massive chain fraud!
1
@UncleGo · 2 weeks ago
that is so much money involved
@ongtayjoojames-ow1bs · 2 weeks ago
In the first place, why would the China-chinese CCP wants to share their economic "'Pie.!"', to outsiders like SGPoreans...???!!!🫤🙄🤔😬❓❓❓❗❗❗<br>Common sense can give u the answers already.!☝️🫤😐😑☝️❗<br>Even their own Evergrande property agent, also conned their own chinese citizens already.!☝️🫤🙄😬☝️❗
1
@kmich7660 · 2 weeks ago
Pyramid scheme is old hat.<br>Why Singaporeans are trapped is a mystery.<br>Singaporeans are supposed to be sophisticated and well travelled, apparently not so. 😅
@dennistan4663 · 2 weeks ago
Greed and temptation . Blame yourself. 😊😊😊
1
@diamondwong4804 · 2 weeks ago
😢
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