Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

[speedsonic]

I'm sorry for your situation, but if really cannot salvage u need to have mood to work

I hope rosenjinz gets back everything and us too. oso unable to do anything today until.
Here's a big hug first.

 

[PeanutButterJellyfish]

Don’t worry la. CEO come out to reassure liao. If want to fraud already run road liao.
All thanks to irresponsible influencer. Can go holiday just count your blessings liao. When overseas still must action post sensational headline video to induce panic.
We all working hard here not so lucky can live off YouTube earnings and not work proper job

So easily tio influenced, I worry for the future generations

 

[mynickname]

one pestilence come, ur investment wipe out.

One pestilence come, chocolate bar price up 500x

 

[mynickname]

That is provided nothing wrong with the company now market is bad how u know what investment they are involve in ..

Pls la. These things got contract one, company play punk ceo is jitao jail one

 

[lovemyself123]

CNA news

official Liao

msm trying to downplay the severity of this

 

[Emperor_Hippo]

Basket. This one again:

When it launched, its higher than average cash returns - 3.3 per cent per annum on the first S$20,000 deposited, 3 per cent per annum on the next S$30,000 and a target of 3 per cent per annum above that - created some buzz among investors.

"We take no fee and make no money until we deliver the target returns," Chocolate Finance said.

It also promised to offer even better cash returns for those parking United States dollars - a future offering promised 4.6 per cent per annum on the first US$20,000 deposited and 4.2 per cent for the next US$30,000.

These targets are, however, subjected to change based on market conditions, according to Chocolate Finance.

one second u promise, the other second say "based on market conditions".

this one not red flag, this one LAI ANG RED FLOOD UNTIL IRON DEFICIENCY AH!!!!!

 

[agndessy]

I wonder if everyone withdraws the money then it will payout to all? Investing in short-term funds means money is 100% safe?

It still have to depend on which short-term funds products.

From Chocolate funds documents their cash allocation is in low-risk products UOBAM, Fullerton Short-term and Global Lion Short-term bond fund

Maribank insured by sdic, so not too bad I guess?

SDIC only cover Maribank saving account. Not covered Mari-invest products

 

[stoney]

Wa since I made the post at 8 am this morning till now I no mood to work.

Is literally my life savings.

If cannot salvage then how?

how much you throw in

 

[alex22]

how much you throw in

How come all sound like all egg in 1 basket like that.
So fast the edmw 20k celery spend till no more liao?

 

[icebleue]

$1 billion lost just like that?
Because of influenza mouth?
Anybody took loans? No need pay liao?

 

[OutBreak]

Chocolate Finance CEO says disabling of AXS payments was 'communicated poorly'​

https://www.theedgesingapore.com/ne...isabling-axs-payments-was-communicated-poorly

 

[lalalalalala]

$1 billion lost just like that?
Because of influenza mouth?
Anybody took loans? No need pay liao?

1 billion they unwind early got penalty anot? Everyone panic they liquidate urgently lagi jialat

 

[BunnyPancake]

Sorry if it is not the right time to say this but...

"If it too good to be true, it probably is."

Where got so good you park money then get 3% returns doing nothing one... if banks do this I can understand since they use your money to lend to start ups, consumers, as loan to others,.etc.. but this chocolate I don't know how they use your money to grow.

But this isn't even a bank but a private company. I would worry.

 

[testart]

Founder speak out liao
So can get back money?

 

[jiabin88]

i don’t have a withdrawal account so i transfer some fund through paynow on sat. the amount is not reflected inside the app. how long does it take to verify and save my bank account info? anyone knows?

 

[CantStopWhining]

I feel it's such a pity that this company is like getting witch hunted. I hope it survives.

I like the company's card services, no FX fees and comes with miles rewards. but it's sad that its existing customer base which has expanded massively in the past month doesn't quite understand what it is offering.

I only topped up 1k to pair with my spending but I understand it's like those roboadvisor firms where they take our money to go invest. Why do people expect they can earn money and still enjoy liquidity? I avoid putting more money in because 3.3% returns is just okay returns for the investment returns. But if you compare it to youtrip, revolut etc, getting to earn interest when you park amount into it, getting miles and 0% FX is really fantastic.

Just two cents of my thoughts.

 

[AngryBirdBird]

Wa since I made the post at 8 am this morning till now I no mood to work.

Is literally my life savings.

If cannot salvage then how?

Write off

 

[RinoaX]

msm trying to downplay the severity of this

Not wrong as hyping it up like seth and others may create unwanted contagion effects of financial runs on other banks/firms.

 

[Smtsai]

Sorry if it is not the right time to say this but...

"If it too good to be true, it probably is."

Where got so good you park money then get 3% returns doing nothing one... if banks do this I can understand since they use your money to lend to start ups, consumers, as loan to others,.etc.. but this chocolate I don't know how they use your money to grow.

But this isn't even a bank but a private company. I would worry.

Exactly investments is mostly diy through brokers not third party firms like this ..

 

[tomicaguy]

Chocolate finance already sounded so corny, dubious red flag from the start