Peter Ong Kean Swan | |
|---|---|
| Born | 7 November 1982 |
| Occupation | Chief Executive Officer of Dream Success International |
| Ong Kean Swan | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 王梓驊 | ||||||||||||||||
| Simplified Chinese | 王梓骅 | ||||||||||||||||
| |||||||||||||||||
Peter Ong Kean Swan (born 7 November 1982) is a Malaysian-Chinese businessman. His companies were essentially pyramid schemes,and have been banned in China,Malaysia and Taiwan due to alleged fraud. [1]
In 2007 Ong was working as a distributor for the multi-level marketing company Melilea,a company selling health and beauty products. [2] In a defamation lawsuit he was charged with breaking his distribution contract and disclosing proprietary information. [3] While the newspaper and other defendants were found to be not guilty of defamation,judgment was rendered against Ong and the other two distributors. [4] Ong answered the complaint,but chose not to appear in court. [4]
The Surewin4u corporate website says that in 2008 Peter Ong launched a successful coffee shop franchise concept. [5] That was the year that Peter Ong together with his brother Philip became involved with the Island Red Café(Red Island Coffee) franchise business. [6] The Ong brothers devised a multi-level marketing business plan for Island Red Caféfranchises through their company MLB International. [6] The pyramid scheme collapsed, [7] [8] and in 2011,Ong Tong Swan (Philip Ong),Peter Ong's brother,as a director of Island Red Café,pleaded guilty to fraud. [9]
His company website indicates that Peter Ong had also been involved with a multi-level insurance programme, [5] [10] before creating,in 2011,together with his brother Philip,the Surewin4u Group (圆梦赢家) to promote their gambling winning system. [5] In 2012,he founded Dream Success International,which now includes:Surewin4u,Dream Success Property,Dream Success Car Centre,Dream Success Jewelry and Dream Success Coffee. [11] On 25 September 2013,Dream Success International and website www.Surewin4u.com were listed by the Central Bank of Malaysia (Bank Negara Malaysia) as engaging in unlicensed activities. [12] [13] After the Taiwanese government closed down the Taiwan branch of Dream Success International in September 2014 leaving thousands of "investors" without recourse, [14] [15] Ong Kean Swan said there was nothing he could do ("圆梦无力回天"). [13] In early 2015,Dream Winners and Surewin4u were widely revealed as a multi-level pyramid scam that operated not only in Malaysia and Taiwan,but also in Singapore and China. [16] [17] [18] [19]
Because he could not be found,his surrogates in Singapore [20] were sued by a defrauded investor in 2017. The defendants settled out of court. [21] [1] Estimates of Singapore investors' losses are as high as 50 million Singapore dollars (US $36.7 million). [21]
Ong's family came from Hui'an County,Fujian Province,China, [11] and Ong was born in November,in Penang. [22] He was born in 1982, [23] although some reports indicate 1983. [22] His company website indicates that he graduated in information technology from the University of Nottingham in England in 2003. [5]
In 2013,Ong was arrested for impersonating Perak royalty and using the title Tengku to which he was not entitled. [24]
At his thirty-first birthday celebration in November 2013,he was noted for his philanthropy. [22] [23] [25]
Pahang 
Knight Companion of the Order of the Crown of Pahang (DIMP) - Dato' (2012) [26] [11] [27] [28] 
Grand Knight of the Order of Sultan Ahmad Shah of Pahang (SSAP) - Dato' Sri (2013) [26] 
