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Singaporeans lured to join Nanning Ponzi scheme with free dinners, S$8 manicures, sprawling condos

Singapore’s MFA and police said the detentions may be the largest foreign detention of Singapore citizens to date.

Summary by Business Times
When Alice (not her real name) arrived in Nanning, the capital of Guangxi Zhuang Autonomous Region, in March, she was impressed with the number of high-rise developments in the city. Read more at The Business Times.

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The Straits Times broke the news in Singapore, Singapore on Saturday, September 5, 2026.
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