The playboy trader, the nickel scheme and Singapore’s banks
CHRIS WRIGHT, 21 July 2021
Ng Yu Zhi claimed he had a get-rich-quick scheme for the ages. It was so, so easy, he allegedly told investors. He would buy physical nickel from Poseidon, an Australian Securities Exchange-listed company, at a discount; then he would sell it to a buyer at a profit.
Investors would fund the purchases, and would receive handsome rewards from the resulting profits.
The potential returns: how does 15% a quarter sound? Continue reading “Article: The playboy trader, the nickel scheme and Singapore’s banks”
