Self-claimed wealth gurus who drove Lamborghinis now made bankrupt; investors worry about their $5m
Two self-styled wealth gurus in Singapore have been declared bankrupt after failing to deliver promised high returns to investors. Over 50 investors are seeking to recover approximately $5 million, with police investigations currently underway.
Why it matters
The case serves as a warning regarding the risks of unregulated financial schemes promoted by social media influencers and the difficulty of asset recovery in cross-border bankruptcy cases.
Businessmen Takeshi Lim Jian Bin (left) and Jason Fong Wai Hong at a financial wealth seminar in 2023.
Listen Summarise Jason Fong, linked to businessman Takeshi Lim, left 18 investors unpaid after promising high dividends on a Telok Blangah Heights property investment. Fong was declared bankrupt in April 2026 and left for Malaysia in June 2026, leaving investors unable to contact him or recover their money. Fong's ex-wife Diana Goh promised to repay investors but was unable to locate Fong or restore funds, while police investigations into Fong's actions are ongoing. AI generated
SINGAPORE – They each drove Lamborghinis, wore expensive watches and ran schemes where they promised investors high returns for money put into their property deals and other businesses.
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