Sinkie Investors caught in '$60m property ponzi scam'

JohnTan said:

I agree. That's why I always wonder what sinister intentions Roy has, when he keeps wanting our good government to allow sinkies to withdraw their savings at 55? As for me, I feel rich whenever I look at my CPF statement.

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bigboss said:

Leong had the rosy life before Xi went all out to eliminate "the tigers and the flies" because these distressed properties attracted only those rich PRCs with the money to buy, money from ill gotten gains or embezzlement.

The tiongs love to invest in sinkie land due to political stability and strong rule of law but when Xi started to swing his hatchet, many tiongs pulled back their investment foreign properties to avoid the hatchet and kept low profile. The 15% ABSD is just peanuts to the devil may care tiong investors but Xi's hatchet is a real threat.

As long as the corrupts and thieves from PRC were thriving, Leong would always have the rosy life but when the tide changed, she was trapped. As reported in the news, she was in the game for more than 15 years until Xi came along.

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songsongjurong said:

http://www.mas.gov.sg/IAL.aspx?sc_p=A

The Investor Alert List provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS. This list is not exhaustive and will be updated.

these are known scammers, countless still under MAS radar...
A to Z,pick a letter,any letter.

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bigboss said:

The CPF rules are still controversial to those members who need to withdraw their funds due to current financial difficulties but to those who do not need the money, it is a good way to keep it in CPF. Who is a better keeper than the Govt?

As long as the Govt is helmed by honest dicks, your money is safe, whether these dicks are from the pappies or the oppo parties. As LKY is now gone, who is there to ensure the Govt remains clean and corruption free?

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dancingshoes said:

i know of a few ponzi schemes which are still going on in sinkieland. apparently, a friend had asked me if i am interested. he told me this particular property investment company(office in CBD) which does overseas property can reap him return of 30% and more. he was the first few VIP investors and after first few years, he got his return as promised and seem very proud of it, he was assured as he already got back his capital back. i told him that he could be the marketing tool for this company as he was the first few investors. furthermore, the company is not regulated by MAS as MAS deem it to be out of range for it to be regulated.

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laksaboy said:

Fengshui face analysis.

Narrow eyes.
High cheekbones.
Pointy chin.
Lips and teeth that form a natural 'snarl'.
High arch eyebrows.
A 'witch' nose.

Now I'm curious about the identity of the twits who trusted her with their money.

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Narong Wongwan said:

The latest new scam now in the market is casino investment.
As high as 24% returns every 3 months.
Peddled by licensed financial consultants aka insurance sales people to make it look legit

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lifeafter41 said:

24% return every 3 months would put gic/Temasek and the cpf board out of business ling time ago.

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laksaboy said:

Is this something like land banking, I was once 'strongly encouraged' to plonk down my cash for land banking investments.

Once again, it's Lee Hsien Loong's fault. Lots of deregulation and borderline illegal 'investment opportunities'.

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lifeafter41 said:

Does she looks like the type that will kill herself as claimed.
I do not think so.

Probably must be laughing all the way to the bank, wherever she and the husband might be now.

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