The couple earned between $7 million and $10 million before the scheme collapsed.
Singaporean couple Wan Hoe Keet and his wife Sally Ho with SureWin4U scheme co-founder Peter Ong in a 2018 meeting in Macau.
In truth, the “profits” were largely derived from the money put in by new investors. For existing investors to continue profiting from the scheme, they had to recruit new investors known as downlines. In October 2014, Mr Wan and Ms Ho gave $148,000 to a group of 10 investors, including Ms Chan, with the aim of recouping their investments by gambling at casinos using the winning formula.Mr Wan and Ms Ho also lodged police reports against the Ong brothers, claiming that they feared they had become victims of an elaborate scam.In June 2018, a Macau newspaper reported that Mr Peter Ong had surfaced there and was distributing winnings from a new scheme.
The judge who heard the case dismissed all her claims in April 2023, and ordered her to pay more than $374,000 in legal costs to the defendants. The majority’s judgment noted that while the premise of some schemes seems incredulous, it was not uncommon for fraudsters to succeed in selling such schemes to investors who probably should have known better.Liquidators seeking to recover $855m from alleged nickel trading scammer Ng, three others
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