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SINGAPORE — Veronica Shim Wai Han, a former Singapore Airlines flight stewardess-turned-private banker of almost 20 years' standing, broke down in court on Thursday (Nov 28) as she testified that at least two investors in businessman Ng Yu Zhi's $1.5 bil'We are not stupid people': Private banker victim breaks down during $1.5b nickel trading scam trial
SINGAPORE — Veronica Shim Wai Han, a former Singapore Airlines flight stewardess-turned-private banker of almost 20 years' standing, broke down in court on Thursday (Nov 28) as she testified that at least two investors in businessman Ng Yu Zhi's $1.5 billion nickel trading scam «had died directly or indirectly because of pressure from this case». Prosecutors alleged that Ng's Ponzi scheme, which promised attractive profits from nickel trading was «pure fiction» that duped 947 investors of almost $1.5 billion, of which more than $481 million was channelled to Ng's personal bank accounts and used to finance his lavish lifestyle. The first prosecution witness to take the stand, Shim, the former chief executive of fund manager Envysion Wealth Management (EWM), and her company are named as victims in two cheating charges against Ng, the alleged mastermind of the scam. Read more