Do you remember David Yong, the Singaporean tycoon who made a big impression on Koreans with Netflix's 'Super Rich Foreigners' and 'Ask Anything'? When he boasted on the show that he had cash assets of 120 billion won and 11 supercars, everyone thought, wow, he must be a real billionaire. When he said he would invest 10 billion won in Attract (the agency of Fifty Fifty), we thought he was a big player in K-content. But it turns out that everything was a setup, as the situation took a dramatic turn. The incident's outbreak: In August 2024, he was suddenly arrested in Singapore. The charges are for account and document forgery. He got caught trying to manipulate company documents to evade taxes. Bail class: At that time, the bail was a whopping 1 billion won, and although he paid it and got out, he ended up under house arrest with an electronic ankle monitor. Current status (as of March 2026): Recently, more charges have been added, and he is currently on trial for a total of 17 charges. The prosecution is very serious, involving illegal loan approvals and accounting manipulation. Whether the extravagant wealth he displayed on the show was really his money or just a 'tycoon cosplay' made with other people's money will soon be revealed by the Singaporean court. If found guilty, he could face a minimum of 10 years in prison and even corporal punishment.