A flashy CEO who claimed to be among Singapore's top 1% was planning the island's answer to Coachella. Now prosecutors have charged him with fraud, denied bail, and say he's a 'real flight risk.'

David Yong, 37 was featured in the Netflix series "Super Rich in Korea" as one of the "super rich" cast members. He was arrested by the Singaporean police on August 1 and was denied bail on Thursday.

Netflix

• Businessman David Yong, 37, has made big claims about his wealth.
• Yong claimed that he was the "top 1% super rich" in the Netflix series "Super Rich in Korea."
• The flamboyant businessman now faces multiple charges of fraud and has been denied bail.

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