Scammed by iDiscover / DiscoveryGroup
My wife and I were also conned by the above scammers, We were asked to meet them today, after we lodged a CASE complain against them about changing T&C (USD change to Euro) and having very poor after-sales and product.
When we reached there, they told us up-front that they will not refund us any of our $10,500 already paid to them (despite the fact that we have not used their service, due to the limited hotels and discounts offered) because the previous owner (iDiscover) has "taken away" the money and the new owner (a certain Mr Lee, owner of Discover Group) bought up iDiscover (so-called) and himself is looking to recover the cost by getting us to pay the remaining $10,500 (total of $21,000 in all) or alternatively, change our so-called travel service into some kind of "consolidated investment" with unbelievable compounded returns of 23% over 15 years ($73,000 returns for $26,000 investment - the new "investment" plan has more cash top-up). It even beats what George Soros or Warren Buffet can do (simply too good to be true).
When asked what backs up such a ridiculous claim or "promise" (the "Business Manager", Gary said that it's not a promise himself), we were shown a sample of the 3 "gold warrent" certificates signed for by a certain unheard of "Gold Pte Ltd" (which itself is not being monitored by MAS), probably some commodity derivative of gold (which is sky-high at the moment), provided the gold does exists and the warrant or underwriting company are real and does not "default". Not trusting any of these, we refused to submit to either of these 2 options, which required even more money.
Out of curiosity, I asked Gary why would that "Mr Lee" want to buy such a scam company like iDiscover, which already has so many complains and has very poor after-sales/mediocre product-line. The answer very much surprised me - aside from Mr Lee being very rich (net-worth 20 million and can spent millions easily), the new owners want to change the direction of the company, such that the existing 5000 members can take their minds of travel (meaning no longer interested in providing this service) and instead wait every 5 years for the pay-out return of $23,000 each time (aka that "investment" thing, backed by the 3 "gold warrants"). No thanks, if it sounds too good to be true, it probably is.
Side note, assuming $1 million was spent to buy the iDiscover scam company solely to get hold of the 5000 sheeps (previous owners already "ran away" with previous deposits), each sheep is only worth $200 to the new owner. Thus, only 71 more sheeps to cough out $10,500 to break even...
Sigh, takes an unethical businessman to buy a legalized ah long...