2 S'pore financial 'experts' who drove Lamborghinis now bankrupt, over 50 people invested S$5 million: ST

Two self-proclaimed financial experts have gone silent after about three years of persuading investors to put money into their business deals.

Lim Jian Bin, 36, and Jason Fong Wai Hong, 46, would drive Lamborghinis and wear expensive watches to meet potential investors, The Straits Times (ST) reported.

On social media and at wealth seminars, they promised guaranteed returns of up to 15 per cent each year.

In April and July 2026, Fong and Lim were declared bankrupt, according to ST.

Fong reportedly flew to Kuala Lumpur on Jun. 21, and has not left Malaysia since.

More than 50 people who invested about S$5 million in their schemes are now left wondering if they can recover their money.

Several of them have made police reports against the pair.

Who are they?

According to ST, Lim, who also called himself Takeshi Lim online, branded himself as someone who went from being a private-hire vehicle (PHV) driver to a savvy businessman.

As for Fong, he is a director and shareholder of six businesses dealing in consultancy services, retail, and fitness centres.

Lim described Fong as a mentor, and they were business partners running a Korean facial treatment franchise in April 2023.

In Facebook posts that have since been deleted, Lim shared photos of the pair in front of Lamborghinis when they travelled to Kuala Lumpur for a "supercar meetup".

Vending machine investments

Lim urged people to invest in a vending machine business known as Nozomii Vending, which operates over 500 machines, promising returns of 5 to 10 per cent a year.

Over three years from 2023, more than 40 investors committed up to S$4 million in this company.

A financial adviser who put in S$484,300, more than half of which from bank loans, told ST the returns initially came promptly, then slowed before eventually stopping altogether.

He still has S$196,000 in the business.

After Lim was declared bankrupt, he reportedly texted some of his investors claiming he had faced harassment and business sabotage in the run-up to the business failure.

In a message to one investor, quoted by ST, he apologised and said he was "ashamed and guilty" to face them.

The financial adviser, who still has S$196,000 in the vending machine business, could not contact Lim by July.

Property investments

Lim, along with Fong, also ran schemes based on commercial property deals.

Lim reportedly offered 5 per cent interest per year on his industrial property investments for three years.

As for Fong, seven people said they invested a total of S$390,000 towards a 134 sqm property in Telok Blangah Heights that he introduced them to.

This space is occupied by an unmanned laundromat.

One of them told ST he got to know Fong and this property deal from a financial wealth seminar in 2022.

Fong had promised him 15 per cent yearly dividends on his S$50,000 investment, which were paid on time for the first two years from 2023.

According to a police report cited by ST, several others had invested S$100,000 each in the same property.

After investors started pressing Fong about unpaid dividends in 2025, he left the group’s WhatsApp chat in September that year.

His ex-wife, who took over one of his firms, messaged the investors assuring them that they would get their money in the property back, while asking for "more time".

Police said investigations into both cases are ongoing, according to ST.