30-04-2017, 01:28 PM
Investments that are too good to be true
Ad drive shows would-be investors drawn to tempting opportunities but many also demonstrated a good dose of common sense, scepticism
by Lorna Tan
PUBLISHED 30 April 2017
Investors who recently responded to advertisements enticing them with attractive, guaranteed returns if they co-own a Caribbean resort or invest in a gold scheme have been surprised to find they were part of an anti-scam campaign.
The two schemes, touted as opportunities of a lifetime, are part of a "Beware! Investment Scams" programme organised by the financial education programme MoneySense and the Securities Investors Association Singapore (Sias).
The innovative campaign from April to July aims to caution consumers to be alert to investment scams. It wants to raise awareness on how these scams typically operate, including how to identify them through red flags, as well as educate the public on resources to refer to before committing to an investment.
The SantaQuay Resorts advertisement stated that for as little as $10,000, you can reap guaranteed annual returns of 24 per cent plus get your capital back after two years by investing in a luxury freehold resort in the Caribbean.
The other advertisement, for the gold scheme, offered a "golden opportunity" to invest in limited-edition coins so as to "benefit from the price momentum of gold, which has been rising in recent months".
More details in http://www.straitstimes.com/business/inv...to-be-true
Ad drive shows would-be investors drawn to tempting opportunities but many also demonstrated a good dose of common sense, scepticism
by Lorna Tan
PUBLISHED 30 April 2017
Investors who recently responded to advertisements enticing them with attractive, guaranteed returns if they co-own a Caribbean resort or invest in a gold scheme have been surprised to find they were part of an anti-scam campaign.
The two schemes, touted as opportunities of a lifetime, are part of a "Beware! Investment Scams" programme organised by the financial education programme MoneySense and the Securities Investors Association Singapore (Sias).
The innovative campaign from April to July aims to caution consumers to be alert to investment scams. It wants to raise awareness on how these scams typically operate, including how to identify them through red flags, as well as educate the public on resources to refer to before committing to an investment.
The SantaQuay Resorts advertisement stated that for as little as $10,000, you can reap guaranteed annual returns of 24 per cent plus get your capital back after two years by investing in a luxury freehold resort in the Caribbean.
The other advertisement, for the gold scheme, offered a "golden opportunity" to invest in limited-edition coins so as to "benefit from the price momentum of gold, which has been rising in recent months".
More details in http://www.straitstimes.com/business/inv...to-be-true
Specuvestor: Asset - Business - Structure.