- Joined
- Jun 17, 2020
- Messages
- 14,649
- Points
- 113
1. Buying nickel allegedly for a video to convince investors
Among the irregularities alleged, Envy Global Trading bought nickel from Raffemet and then sold the same quantities back to Raffemet shortly after a video recording of the purchase was shown to investors.2. Inconsistencies in company names on contracts
The report from the interim judicial managers also found inconsistencies in Poseidon's name in contracts purporting to sell nickel to Envy. The Poseidon contracts record "Poseidon Nickel Limited" as the contractual counterparty. But, in certain other contracts, the signing pages record "Nickel Poseidon Ltd" as the signing entity.3. Doing business with a defunct entity
BNP Paribas Commodity Futures Limited was no longer authorised to conduct regulated business as of February 4, 2019, and was closed on March 15, 2019.This UK Companies House's records of BNP Paribas Commodity Futures Limited obtained by the IJMs shows that the company closed on that date.
Singapore is a flashy place. On Orchard Road, the main shopping drag, chauffeur-driven Bentleys pull up outside flagship stores for the likes of Harry Winston and Dolce & Gabbana; at the waterfront Marina Bay Sands casino, high rollers can wager millions before retiring to a 6,400-square-foot “Chairman Suite” on the 53rd floor. But even in a city where the rich delight in showing off their success, Ng stood out. Envy operated from a luxuriously appointed office, arranged around a fully stocked bar from which visitors might be offered a glass of 21-year-old Hibiki whisky, a Japanese treasure that can sell for more than S$200 per pour. Ng liked to meet clients and colleagues at top-drawer sushi restaurants, roaring between engagements in vehicles from a fleet that included a Ferrari, a Lamborghini, and Singapore’s only Pagani Huayra supercar, which he’d spent more than S$7 million to buy.
and then for this scam
One is lost money, the other is lost health and life.
If you want good health, you need to work for it. Educate yourself constantly, practise healthy habits until it becomes your life. tweak your life ( environment too) to make way for health.
You cannot just inject something into your body and you call that health protection. There is no easy short cut money and there is also no easy short cut health.