David Ramli

David Ramli, a Bloomberg investing reporter based in Singapore, dives into the cautionary tale of Gibran Huzaifah, the CEO of eFishery, who used fake financial numbers to attract massive investments. The discussion reveals how a desperate bid for funding led to a shocking $300 million loss and highlights the ethical dilemmas faced by entrepreneurs in startup culture. Ramli also emphasizes the importance of transparency and integrity in business to prevent such disastrous falls from grace.

David Ramli, a Bloomberg investing reporter based in Singapore, dives into the shocking downfall of Gibran Huzaifah’s fish-feeding startup, eFishery. Ramli details how financial desperation led Gibran to fabricate numbers, initially attracting massive investments but ultimately resulting in a $300 million wipeout. The discussion highlights the risks of venture capital, the ethical dilemmas faced by entrepreneurs, and the broader implications of deceitful practices within startup culture. Transparency emerges as a vital necessity in business.

Bloomberg investing reporter David Ramli discusses the rise of imposters targeting Asia's ultra-rich in the family office industry. The challenges of spotting scammers in this secretive sector and amateur detectives like Eric SayWei Neo helping weed out imposters are highlighted in the podcast.