Ong Kean Swan

Ong Kean Swan
Ong Kean Swan
Traditional Chinese	王梓驊
Simplified Chinese	王梓骅
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	wáng zǐ huá
Yue: Cantonese
Jyutping	Wong4 Zi2 Waa4
Southern Min
Hokkien POJ	Ông Chú-hôa
Tâi-lô	Ông Tsú-huâ

Yang Berbahagia Dato' Sri
Peter Ong Kean Swan
SSAP DIMP
Yang Berbahagia Dato' Sri Peter Ong Kean Swan SSAP DIMP
Born	7 November 1982 (age 41); Penang, Malaysia
Occupation	Chief Executive Officer of Dream Success International

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]

Businesses

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 Café franchises 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]

In 2018, Ong was reported in Myanmar (Burma).^[1]

Life

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]