SGTwo self-proclaimed wealth gurus, Lim Jian Bin and Jason Fong Wai Hong, who previously drove luxury vehicles and promoted high-return investment schemes, have been declared bankrupt. Over 50 investors are concerned about approximately $5 million they have invested in these schemes. Both men were prominent in social media and wealth seminars, promising guaranteed returns of up to 15% annually. Fong was declared bankrupt in April and has not returned to Singapore since June 2026, while Lim was declared bankrupt in July. Investors report that promised dividends ceased in 2025, and both men have failed to respond to inquiries. Some investors suspect the schemes may resemble a Ponzi scheme, leading to multiple police reports.
Bias read (Center): The article presents a balanced account of the situation involving two individuals accused of fraudulent investment practices. It includes quotes from affected investors and details the legal status of both men without overtly criticizing or praising either side. The focus remains on factual events,
