HWZ Forums

Login Register FAQ Mark Forums Read

Beware of New Money Making Scheme Emerging in Singapore

Like Tree41Likes
Reply
 
LinkBack Thread Tools
Old 26-09-2013, 08:59 PM   #16
Junior Member
 
Join Date: Sep 2013
Posts: 94
Thanks for the info. Actually why aren't the authorities looking into this?
4ndychan is offline   Reply With Quote
Old 26-09-2013, 09:50 PM   #17
Member
 
Join Date: Jul 2011
Posts: 138
Thanks for the info. Actually why aren't the authorities looking into this?
IF the authorities can do anything about this do you think they ll be sprouting up all over singapore.

I say before already if i m a foreigner i ll definitely come to singapore every year to start a ponzi scheme. Authorities can t do anything to you until the scheme explodes and so many nice gullible little greedy sheep around just waiting to be slaughtered
mosaic1979 is offline   Reply With Quote
Old 27-09-2013, 10:44 AM   #18
Arch-Supremacy Member
 
Join Date: Jan 2000
Posts: 11,567
I will temporary put it as sticky thread for a while to help warn others.
Yellowfin is offline   Reply With Quote
Old 02-10-2013, 12:18 AM   #19
Senior Member
 
sweetyethandsome's Avatar
 
Join Date: Jan 2013
Posts: 592
IF the authorities can do anything about this do you think they ll be sprouting up all over singapore.

I say before already if i m a foreigner i ll definitely come to singapore every year to start a ponzi scheme. Authorities can t do anything to you until the scheme explodes and so many nice gullible little greedy sheep around just waiting to be slaughtered
seriously why must MAS always wait till explore liao then ask CAD to step in. then like that we pay them salary for wat?

pro-business also cannot be so any-how wad! really no way to highlight to the LAWMAKERS????
sweetyethandsome is offline   Reply With Quote
Old 02-11-2013, 11:55 PM   #20
Member
 
Join Date: Oct 2009
Posts: 122
good info... I have heard about it recently... now i know it is a con job.... will pass on the msg
yewdes is offline   Reply With Quote
Old 27-12-2013, 12:42 PM   #21
Junior Member
 
Join Date: Jul 2012
Posts: 53
Government should definitely step in but to only way to completely stop this nonsense is for people to stop trying to get easy money. Earn big bucks without working hard for it.

I'm not against investment and trading. On the contrary, i'm a full time trader. But success in trading requires lots of hardwork. Certainly not possible by joining a weekend seminar and MLM program.
light7 likes this.
Brengene is offline   Reply With Quote
Old 27-12-2013, 09:11 PM   #22
Senior Member
 
knightdreamer's Avatar
 
Join Date: Jan 2013
Posts: 564
Thanks for the alert
__________________
The future belongs to those who believe in the beauty of their dreams - Eleanor Roosevelt
knightdreamer is offline   Reply With Quote
Old 20-02-2014, 06:47 PM   #23
Supremacy Member
 
beri stupid idiot's Avatar
 
Join Date: Mar 2013
Posts: 9,223
i think that seminars on how to get rich and successful in investment or margin trading should be banned in aingapore context for good
kkboy1 and ball0207 like this.
beri stupid idiot is offline   Reply With Quote
Old 19-04-2014, 08:29 AM   #24
Member
 
Join Date: Aug 2013
Posts: 147
Property invstment

What is your comment on those property investment schemes? Some in Germany, in Myanmar, in Bali, Dakota, different companies offering 10-20% investment growth potential. But they are not regulated by MAS.
Olegna is offline   Reply With Quote
Old 23-04-2014, 05:00 PM   #25
Master Member
 
Join Date: Jan 2000
Posts: 4,293
well its look conniving website and sucks pple money, the main reason they can pay out bonus like MLM scheme is probably because they can...

Why they can? assuming all sign-ups are newbies to trading, then the odds are stacked against them, within 3 months, most newbies lose all their capital...be it option/binary/fx trading...

for binary trading, its either open big or open small, same like casino...
bullsback is online now   Reply With Quote
Old 24-04-2014, 05:30 PM   #26
Junior Member
 
Join Date: Jul 2012
Posts: 53
I am a full time investor/trader. What I learned in this business is there is no free lunch. There is no holy grail. Something that needs very little effort but good payout is always a scam. No exceptions. There is no "learn this over weekend and you can quit your job".

Investment and trading is like a business. It will only be profitable if you are willing to spend time and effort to learn the trade. It'll easily take as much time and effort to learn investment/trading as it takes to get a university degree. Only after years of hard work and practice, can one hope to be consistently profitable.

Anything else that seems too good to be true usually is.
guitar123 likes this.
Brengene is offline   Reply With Quote
Old 25-04-2014, 10:01 AM   #27
Senior Member
 
Auspicium Melioris Aevi's Avatar
 
Join Date: Oct 2011
Posts: 1,898
Google the company address of GlobePartners -
GlobePartners :: Contact Us

& you will come to this -
https://www.business.govt.nz/@@fb-se...052%20Victoria

There are 2 companies listed under this address and both less than 1 year old. Both directors are Israelis and there are complaints lodged against the latter .

Itzik Weizel - Cyprus | LinkedIn

THERE ARE PLENTY OF SCAMS.
DO YOUR DUE DILIGENCE!
Auspicium Melioris Aevi is offline   Reply With Quote
Old 04-05-2014, 10:15 PM   #28
Senior Member
 
Join Date: Sep 2007
Posts: 657
There are many investment schemes trying to 'con' money.

Another one is student accommodation. Seems to look very good but may not be so good. Have to be aware of the risks involved because you may not be owning anything, other than a contract between buyer and the student accomm provider.

London Property for Overseas Investors: Student Accommodation in London - Don't Get Ripped Off!
guitar123 is offline   Reply With Quote
Old 07-06-2014, 01:56 AM   #29
Junior Member
 
Join Date: Nov 2010
Posts: 85
Another new scam is utokens. Go search for it.
serious_sam likes this.
flyersummer is offline   Reply With Quote
Old 25-07-2014, 10:31 AM   #30
Junior Moderator
 
archcherub's Avatar
 
Join Date: Oct 2001
Posts: 3,709
Investment Schemes with high ROI- Beware!

Investor Fair in Suntec is coming in August 2014. Thought I should share something because I am sick and tired of seeing people throw good money and whine a few years later...

I had just browsed through the exhibitors and there are plenty of companies doing alternative investments, promising high ROI and "guaranteed returns".
Invest in aquaculture, plantations, crude oil, casino seats, diamonds, overseas property, penny stock trading, land banking

With all due respects, a huge number of such firms fail yearly... so called guaranteed returns are useless when the company guaranteeing it collapse and/or directors not responsible legally for it.

Not pointing fingers to any firms and operations (since i have no proof and cannot say they will definitely fail), but I do hope investors keep their money tight and do not do any such investments. If you ask me, I would say STAY CLEAR of any such firms with high ROI in unusual scheme.

If you are really keen, please do not do anything more than 10% of your cash. At least when it broke down, you would not cry (that much).



I am not going to accuse of any present firms, I have to point out the obvious history:- firms that promised high returns and have been in the newspaper and or investigated by CAD
The Gold Guarantee, Geneva Gold, Profitable Plots, Lion Empire etc....
I still remember when so many people say Profitable Plot so big, can sponsor EPL advertisement blah blah, impossible to collapse, etc etc etc.
Of course, we now know the truth...

Last note:- Matrix Scheme is just a revised pattern of Pyramid structure or ponzi scheme.
Galaxy Trio is working on such matrix scheme.
__________________
your character shows not what you show to others, but what you do when no one is watching. Be civil and polite online....
archcherub is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On