Freed from S’pore prison after 9 years, local king of Ponzi scheme faces M’sia jail time

James Phang Wah was once known as the local king of the Ponzi scheme and the self-proclaimed Warren Buffet of Singapore.

His Multi-Level Marketing (MLM) company, Sunshine Empire, lured Singaporeans into handing over nearly $190 million.

Read more…– Mothership.SG