In a shocking turn of events, David Yong—a prominent figure known for his appearance in Netflix's hit series 'Super Rich In Korea'—has been slapped with a hefty fine of $1,000 by the Law Society of Singapore. This punishment stems from his improper holding of an executive position in a business entity.

The controversy came to light through an official announcement in the Government Gazette on September 19, revealing that Yong, whose full name is Yong Khung Lin, violated professional conduct regulations. As the director and CEO of the Evergreen Group of Companies, Yong broke a fundamental rule stated in the Legal Profession (Professional Conduct) Rules 2015, which prohibits legal practitioners from accepting executive roles in business ventures.

At just 38 years old, Yong previously served as a partner at the law firm Yong, Seow & Lim, but found himself removed from the partnership by mid-August 2024 amid rising scrutiny. An archived version of the firm's website noted his departure but is now undergoing maintenance, with no updates available since March.

Currently, Yong is in Japan following a district court's consent for his travel, even as he navigates serious legal troubles back in Singapore. He faces four counts of falsifying accounts, with an additional charge emerging on June 3 concerning his involvement in the offering of promissory notes by Evergreen GRP Holdings between July 2023 and July 2024.

These promissory notes—essentially pledges to repay borrowed funds—were being issued in a highly questionable manner. Reports indicate that over $61 million was raised from more than 1,000 notes, each promising an enticing annual interest rate of 10 percent. However, these actions are alleged to violate the Securities and Futures Act.

Yong's fortunes took a dramatic turn just three months after his television debut, where he touted himself as 'Singapore’s top 1 percent super rich.' His arrest sent shockwaves through the business community, culminating in court charges merely two days post-arrest. The saga surrounding David Yong serves as a cautionary tale, highlighting the complexities of wealth, power, and accountability in the vibrant landscape of Singapore's business world.