Fifth person charged in Singapore over alleged fraud conspiracy linked to Nvidia chips

A fifth person has been charged in Singapore over an alleged fraud and money-laundering conspiracy linked to Nvidia chips. The case matters because it concerns claims that servers were obtained through fraud and may relate to attempts to move restricted US technology to China.

Shi Bingzhe, a Chinese national and former senior officer at NJ Global Financial and Superphi, faces 41 charges alleging he consented to money laundering offences. Authorities say the two firms acquired 917 servers in 41 transactions from May 2024 to February 2025, worth more than US$100 million (S$129 million). The companies and four other people have also been charged; all cases are pending, and Shi faces up to 10 years in prison and a fine of up to S$500,000 per charge if convicted.