Veronica Shim Wai Han, former SQ stewardess said "at least two investors had died directly or indirectly because of pressure from this case"

[Shalomp]

what? fund manager also tio conned.

 

[Money no have]

Jho was spending embezzled money
This guy was cheating and spending cheated money

At least Jho didn't cheat right
OK. Maybe he did by representing the money is clean

At least jho still got the money.
This guy is declared bankrupt.
I dont think he can hide any stashed away

 

[DW]

One word.. Greed

 

[wongwings]

This guy is Singaporean right

Yes he is, just saying that actually many of the rich new immigrants we have in our midst are probably no better than him like the Fujian gang. Singaporeans doing this kind of sham is few and far in between.

 

[Geminiboy]

“This case involved too many reputable people. These are not stupid people”

Not stupid. Just greedy.

 

[Shalomp]

Although he's bad, have to say he's really satki to be able to scam 1.5B by himself

cannot say all by himself

it takes 2 hands to clap

those kena dupe are greedy dollar eyed people

 

[sango65]

so the experts are not really experts - still kena scam.

Maybe next time financial experts' accreditation need to include a module / test on how to identify scams

 

[dpsk3000]

No worries for the 1000 scammed of millions. if they can lost millions, they definitely have another millions to spare a good life.

 

[Shalomp]

so the experts are not really experts - still kena scam.

Maybe next time financial experts' accreditation need to include a module / test on how to identify scams

former air stewardess what do u think?

how can a former airborne waitress know anything about investing?

 

[ChenHoNam]

Usually these scammers are not your typical degree/phd dude right ?

they can devise such a plan of such scale, really need to clap for them hats off to them.

 

[Courage]

I can't believe those investors fell for his scam. This has so many red flags

 

[Acetone]

Huh? What is this person smoking.

First you call yourself a professional fund manager and when the fund you managed is investing in a scam you expect people to say it's ok?

What unnecessary scrutiny, there should be extreme scrutiny to understand what da fug are you managing.

She’s a scum too

 

[ckt1978]

greedy n lazy.
nv do DD.

 

[Geminiboy]

we were fooled because we believed in a Singaporean who was well-educated, brought up in Singapore, and was licensed by MAS (Monetary Authority of Singapore).

sorry to say, but this is one of the dumbest reasons i ever read.

 

[lovemyself123]

All these elites sounds very noob so easily scammed… must be plenty of nepo babies among them

 

[Roadster01]

Kns, this type of high return investment scheme, moi not invited to join, and not even heard off…..

see moi no up!

good for so many professional fund managers and high ses people got scammed, while moi monies remained in biscuit tins buried under moi bed!

Gemini, if anyone here still remember, sounds more real, as was a tontine. And many committed sucide after it felled.

 

[Geminiboy]

947 investors were duped into investing in Ng’s companies, Envy Asset Management and EGT, after he claimed that his firms could buy nickel from an Australian mine at a discount and sell the metal for a sizeable profit.

Too good to be true

How can one claim to be a professional fund manager if can still fall prey to this?

 

[Joseph12]

Kns, this type of high return investment scheme, moi not invited to join, and not even heard off…..

see moi no up!

good for so many professional fund managers and high ses people got scammed, while moi monies remained in biscuit tins buried under moi bed!

Gemini, if anyone here still remember, sounds more real, as was a tontine.

Bet is good "news" given to those private funds first
As they need more and more money start doing those road shows in hotel ball room types

Those Singapore banks who invest money in this shite is so going to get FFFF...

 

[virtualape]

These kind of ponzi scheme the founding members need some serious jail time.. or even better death sentence they ruined the lives of many people and the next downline from them those who make money from their down line need to be punish severely also... only that way you can wise up people to this.. in fact just ban any mode of business that resemble a ponzi scheme, it has brought nothing but grief.

not simpur...

but if the scheme dont collapse, nobody suffers.

 

[Targaryen]

so the experts are not really experts - still kena scam.

Maybe next time financial experts' accreditation need to include a module / test on how to identify scams

Yeah, just people who happened to have access to money. Act smart only. End up still fell for greed. They deserve some form of punishment as well.