History repeats itself. Some people never learn.
Souce:
Channel NewsAsia
Investors were promised a monthly payout of between five and nine per cent on investment but in September last year, team leaders from the firm could not be reached.
SINGAPORE: About 150 people have lodged a police report, after a company they had invested in became uncontactable.
The investors, who comprised both local and Chinese nationals, had invested a total of S$50 million. Individual investments ranged from S$40,000 to S$8 million.
Under the so-called “Sure Win 4 U” scheme set up by a Malaysian company, the money received would go towards funding professional gamblers.
Alleged victims were lured by returns of as much as three times their investment at the end of two years. The scheme promised a monthly payout of between five and nine per cent on investment. The money earned would be in the form of online credits, which could only be converted into cash by the company's team leaders.
Alarm bells started ringing in September last year, when investors were unable to contact team leaders from the firm. The company's Kuala Lumpur office was abandoned when an investor visited in October.
Police confirmed they have received a report, adding that it was inappropriate to comment at this time.
Madam Lao, who invested S$200,000 in the scheme, said: "I was thinking we are going to retire, and this seemed like a good platform because memberships numbered over 100,000 from all over the world. And this is the first time we have invested in such things. I did not know this was actually a scam case."
- CNA/xk
The only way to avoid making mistakes is not to do anything. And that … will be the ultimate mistake. - Goh Keng Swee
A pessimist complains about the wind; an optimist expects it to change; the realist adjusts the sails. - W. A. Ward
Learn from the mistakes of others. You won't live long enough to make them all yourself. - Jane Bryant Quinn
人生最大錯誤,用健康換取身外之物。 ^ 人生无常,珍惜当下。 ^ 放弃固执,适时变通。 ^ 前面是绝路,希望在转角。