Infinity treasures

[archcherub]

Sarcasm - the lowest form of wit - the highest form of intelligence. Look it up!

bookmarking this thread to read again in 1 year time.

It happened again and again for so many threads over the past year... some new account kick up a big fuss defending some companies, and then goes quiet when the companies get in trouble.

 

[makav31i]

How would he know so much about Infinity Treasures? And how would he have access to enough inside information to know that Infinity Treasures is 'innocent?'

To show that the coy is totally innocent, a proper audit has to be done of all the cash inflows and outflows to make sure that they are traceable, and also to confirm that the money of later investors was not used to pay the earlier investors.

Short of seeing such an audit report, I find it remarkable that an 'outsider' can make such claims.

That's why...if he is here to warn people, I have nothing to say and would support him...But to say as though Infinity Treasures are merely a marketing agent put into question what is the person trying to do..Especially since it is a new account targeting only a specific thread...

 

[mosaic1979]

You cannot rely on crooks to return your money.

If they are honest, they would not con people in the first place.

This is just a delay tactic to give them more time to scam more people and hide the money away.

Your friend has to take things into his own hand and report to the police and CAD.

If he get all the victims together and file a class action suit, may still get some of his money back.

Waiting for someone who stole from you to return your money is stupid.

Lol...Get the money back.... If these people can get even $1 back i give them the thumbs up already lo. These schemes are not thought out overnight. They re planned years in advance and executed with precision.

 

[JamesPP]

Anyone who invested in any Unregulated or regultaed Business or Investment should do their own due dilligence...You are running an unregulated business/investment in the first place and have a self interest in defending unregulated business or investment...I am here to warn others of the risk of investing in unregulated business or investment...I will assure you in any way if I were to find out your unregulated business or investment, the first thing I would do is write in to MAS to be placed in the Investor alert list..

Anyone who invested in any Unregulated or regultaed Business or Investment should do their own due dilligence...CORRECT
You are running an unregulated business/investment in the first place and have a self interest in defending unregulated business or investment...CORRECT
I am here to warn others of the risk of investing in unregulated business or investment...GOOD FOR YOU
I will assure you in any way if I were to find out your unregulated business or investment, the first thing I would do is write in to MAS to be placed in the Investor alert list..[/QUOTE] BACK TO THE CHILDISH STUFF AND YOU WERE DOING SO WELL.


Let me pick you up on your last point:

As stated many times, my business is none of yours and the chances of you uncovering my business are very slim
Were you to somehow discover my business, would you report me to MAS or would you do your own due diligence first?

 

[JamesPP]

That's why...if he is here to warn people, I have nothing to say and would support him...But to say as though Infinity Treasures are merely a marketing agent put into question what is the person trying to do..Especially since it is a new account targeting only a specific thread...

My granny (when she was alive) used to have a phrase, it was "you cannot see the wood for the trees"
Lets park that thought for a minute,

Now - Infinity Treasures are a marketing company - look at their website - look at what they do...

1 They are pitched a product
2 They compile their own DD
3 They introduce to investors
4 They invite investors to meet the project principles
5 Some decide to invest, most do not
6 Infinity are paid by the developer to provide funds
7 They receive commissions for their marketing efforts

Lets look at what they do not do

1 They do not structure investments
2 They do not choose which houses are bought
3 They do not choose which houses are sold and who they are sold to
4 They do not touch client funds, this is handled externally
5 They are not responsible for client returns

It is worth noting that Infinity treasures stopped marketing the Exit Strategy and took no more funds shortly after the first payment failed.

Where Infinity treasures are guilty

1 They ignored warning signs
2 Their own due diligence was clearly not strong enough
3 Their ongoing checks were not strong enough - they should have seen this coming

Now in the interest of all concerned I will say for 1 final time

* I have no relationship and am not part of Infinity Treasures
* I have never benefitted from the business activities of Infinity Treasures
* I came here to warn others, I think I have now done that.

Now back to my granny - her point was, "some people cannot see what is in front of their eyes"

 

[JamesPP]

How would he know so much about Infinity Treasures? And how would he have access to enough inside information to know that Infinity Treasures is 'innocent?'

To show that the coy is totally innocent, a proper audit has to be done of all the cash inflows and outflows to make sure that they are traceable, and also to confirm that the money of later investors was not used to pay the earlier investors.

Short of seeing such an audit report, I find it remarkable that an 'outsider' can make such claims.

"HE known nothing about Infinity Treasures, however HE is also a marketing agent for another investment so is in a position to comment on the structure applied for this investment.
A proper audit - of who - Infinity treasures - what good will that do. they are paid a commission for marketing a product.
The idea that money from later investors paid out early investors would make this investment by definition A PONZI SCHEME.
It it is (APS) and you might be right, this would be done without knowledge of Infinity Treasures. There are (or at least were) at least a dozen other companies promoting the Exit Strategy as part of their product range. Are you suggesting all of these independent companies are all involved in some giant scheme? Just think about it for a moment.

Big sigh.

 

[icicic]

"HE known nothing about Infinity Treasures, however HE is also a marketing agent for another investment so is in a position to comment on the structure applied for this investment.
A proper audit - of who - Infinity treasures - what good will that do. they are paid a commission for marketing a product.
The idea that money from later investors paid out early investors would make this investment by definition A PONZI SCHEME.
It it is (APS) and you might be right, this would be done without knowledge of Infinity Treasures. There are (or at least were) at least a dozen other companies promoting the Exit Strategy as part of their product range. Are you suggesting all of these independent companies are all involved in some giant scheme? Just think about it for a moment.

Big sigh.

And banks were "marketing agents" for minibonds too!
Oh wait...

Edit
Before you say I am totally off topic, the point is that got to look at how a product was sold as miss-selling is a huge thing in the industry these days.

 

[Shiny Things]

Lets look at what they do not do

1 They do not structure investments
2 They do not choose which houses are bought
3 They do not choose which houses are sold and who they are sold to
4 They do not touch client funds, this is handled externally
5 They are not responsible for client returns

It is worth noting that Infinity treasures stopped marketing the Exit Strategy and took no more funds shortly after the first payment failed.

So you're saying Infinity Treasures were gullible, not malicious?

I dunno. Normally Hanlon's Razor is a very good rule of thumb, but if Infinity Treasures were really just remarketing a fraudulent investment program without realising it was fraudulent, then they were deeply deeply stupid: you and I and everyone else on this board called it a fraud within hours of it appearing on here.

 

[limster]

Are you suggesting all of these independent companies are all involved in some giant scheme? Just think about it for a moment.

You claim you are doing research on exit strategy for your clients. So I am sure that you have spent the small amount needed to do enhanced ACRA searches on the 'independent' companies offering exit strategy. Why not paste your results here. I find it hard to believe that your 'research' on exit strategy consists of surfing HWZ rather than proper due diligence like ACRA searches.

This will enable us to have the same assurance you have that these 'independent' companies are in fact independent and not:

Set up by ex-Infinity Treasures staff who have jumped ship, or worse still, set up by current Infinity Treasures staff?

Related to each other, especially if the shareholders or company officers are the same, or coincidentally, they were all registered about the same time using the same corporate secretarial office. (like recently registered HWZ accounts)

Not $2 companies but have respectable paid-up capital befitting a proper investment company.

 

[makav31i]

Anyone who invested in any Unregulated or regultaed Business or Investment should do their own due dilligence...CORRECT
You are running an unregulated business/investment in the first place and have a self interest in defending unregulated business or investment...CORRECT
I am here to warn others of the risk of investing in unregulated business or investment...GOOD FOR YOU
I will assure you in any way if I were to find out your unregulated business or investment, the first thing I would do is write in to MAS to be placed in the Investor alert list.. BACK TO THE CHILDISH STUFF AND YOU WERE DOING SO WELL.


Let me pick you up on your last point:

As stated many times, my business is none of yours and the chances of you uncovering my business are very slim
Were you to somehow discover my business, would you report me to MAS or would you do your own due diligence first?

If the business is selling an unregulated investment, I would definitely report it to MAS as it is not supposed to be doing that and Investors should beware of such unregulated business or investment...

My granny (when she was alive) used to have a phrase, it was "you cannot see the wood for the trees"
Lets park that thought for a minute,

Now - Infinity Treasures are a marketing company - look at their website - look at what they do...

1 They are pitched a product
2 They compile their own DD
3 They introduce to investors
4 They invite investors to meet the project principles
5 Some decide to invest, most do not
6 Infinity are paid by the developer to provide funds
7 They receive commissions for their marketing efforts

Lets look at what they do not do

1 They do not structure investments
2 They do not choose which houses are bought
3 They do not choose which houses are sold and who they are sold to
4 They do not touch client funds, this is handled externally
5 They are not responsible for client returns

It is worth noting that Infinity treasures stopped marketing the Exit Strategy and took no more funds shortly after the first payment failed.

Where Infinity treasures are guilty

1 They ignored warning signs
2 Their own due diligence was clearly not strong enough
3 Their ongoing checks were not strong enough - they should have seen this coming

Now in the interest of all concerned I will say for 1 final time

* I have no relationship and am not part of Infinity Treasures
* I have never benefitted from the business activities of Infinity Treasures
* I came here to warn others, I think I have now done that.

Now back to my granny - her point was, "some people cannot see what is in front of their eyes"

You are very determined to absolved Infinity Treasures of any fault for what ever that was happening...You claimed that you are here to warn people? About what? The Exit Strategy only? At the same time telling people that Infinity Treasures are just a Marketing Agent and did not do anything wrong?

They are unregulated and frankly unqualified to sell any investment or business advice in the first place? MAS already placed them in the Investor Alert List to warn people that the business is not regulated and are not licensed or authorized by MAS in the first place...

If you are here to warn others but at the same time defended them by stating that they are only a Marketing Agent, are you trying to help the victims or trying to push the blame away from Infinity Treasures...?

 

[JamesPP]

So you're saying Infinity Treasures were gullible, not malicious?

I dunno. Normally Hanlon's Razor is a very good rule of thumb, but if Infinity Treasures were really just remarketing a fraudulent investment program without realising it was fraudulent, then they were deeply deeply stupid: you and I and everyone else on this board called it a fraud within hours of it appearing on here.

Gullible is a good word to describe the behaviour if Infinity treasures. I do think they were gullible for too long too, not realising the extent of the behaviour of Right Buy Properties early enough. It is very likely that they were told everything was fine, right up to the point it failed.

 

[JamesPP]

If the business is selling an unregulated investment, I would definitely report it to MAS as it is not supposed to be doing that and Investors should beware of such unregulated business or investment...



You are very determined to absolved Infinity Treasures of any fault for what ever that was happening...You claimed that you are here to warn people? About what? The Exit Strategy only? At the same time telling people that Infinity Treasures are just a Marketing Agent and did not do anything wrong?

They are unregulated and frankly unqualified to sell any investment or business advice in the first place? MAS already placed them in the Investor Alert List to warn people that the business is not regulated and are not licensed or authorized by MAS in the first place...

If you are here to warn others but at the same time defended them by stating that they are only a Marketing Agent, are you trying to help the victims or trying to push the blame away from Infinity Treasures...?

I am clearly saying Infinity treasures could and should have done more.
I am not defending them, I am merely pointing out what I believe their role was,
I speak from experience as a marketing agent myself, I understand how these types of investments work.
I did not warn my friend about the perils of Infinity treasures, more the Exit Strategy which I believed was flawed.

Lets be clear, I am not defending Infinity Treasures but all these comments about them knowingly taking money from Singaporeans, knowing this was a ponzi scheme from the outset are very unlikely. Not impossible, but unlikely.

 

[makav31i]

Gullible is a good word to describe the behaviour if Infinity treasures. I do think they were gullible for too long too, not realising the extent of the behaviour of Right Buy Properties early enough. It is very likely that they were told everything was fine, right up to the point it failed.

So it is ok for infinity treasure to be gullible and pitch the unregulated investment to unsuspecting victims and it absolve them of any wrongdoing whatsoever since they are just "Marketing Agent"...?

 

[makav31i]

I am clearly saying Infinity treasures could and should have done more.
I am not defending them, I am merely pointing out what I believe their role was,
I speak from experience as a marketing agent myself, I understand how these types of investments work.
I did not warn my friend about the perils of Infinity treasures, more the Exit Strategy which I believed was flawed.

Lets be clear, I am not defending Infinity Treasures but all these comments about them knowingly taking money from Singaporeans, knowing this was a ponzi scheme from the outset are very unlikely. Not impossible, but unlikely.

So are you saying that you will tell people that it alright to invest with Infinity Treasures as they are just marketing products? So there should not be any buyers beware that Infinity Treasures can sold crap like The Exit Strategy again?

 

[CptCaveman]

I am clearly saying Infinity treasures could and should have done more.
I am not defending them, I am merely pointing out what I believe their role was,
I speak from experience as a marketing agent myself, I understand how these types of investments work.
I did not warn my friend about the perils of Infinity treasures, more the Exit Strategy which I believed was flawed.

Lets be clear, I am not defending Infinity Treasures but all these comments about them knowingly taking money from Singaporeans, knowing this was a ponzi scheme from the outset are very unlikely. Not impossible, but unlikely.

I'm A Media Representative of several foreign magazines. Prior to taking the titles, I do my best to understand the magazine, it's readership profile and it's distribution channel. Once I've ascertained that the magazine can be marketed in Singapore, in terms of getting advertising revenues, I will represent it. I only earn 'commission' from advertising sale. So I understand what James meant when he said Infinity Treasures is a marketing agent.

When the magazine I brought in fail to gain enough readers to sustain continued business even if I have gotten a good number of advertisements, I will be questioned by my clients (the advertisers) and might have to eventually drop the title.

The difference is, I would have to refund the advertising dollars to my clients when I drop the title. Also I would have to inform the clients months before I drop the title that I'm no longer representing it. Infinity Treasure should have done a much thorough checks to make sure that The Exit Strategy is performing as it's supposed to be. Such checks should not be done only when things had happened. They should have done it every month.

 

[JamesPP]

So it is ok for infinity treasure to be gullible and pitch the unregulated investment to unsuspecting victims and it absolve them of any wrongdoing whatsoever since they are just "Marketing Agent"...?

Who is absolving Infinity of any responsibility?
I am merely stating they are not the main perpetrators.

The investment is in the USA,
Infinity Treasures visited the operation - there were pictures on their website of their inspection trip to the USA.
It looks to me that the problem with this investment is the inability of the developer (Right Buy Properties) to sell the properties. The investment was sold on "we have a clear route to market" which appears not to have been the case.
I have searched for the many 1000's of families who claim to have been rehoused by the Exit Strategy but cannot find a testimonial by one of them, this is where I think Infinity have let their clients down, they could have dug a little deeper.

If Infinity have committed a crime then it is clear they will face the appropriate course of action. I have yet to be convinced though that a crime has been done here.
One could argue the system is flawed and that Infinity are part of a system of greed?

 

[JamesPP]

I'm A Media Representative of several foreign magazines. Prior to taking the titles, I do my best to understand the magazine, it's readership profile and it's distribution channel. Once I've ascertained that the magazine can be marketed in Singapore, in terms of getting advertising revenues, I will represent it. I only earn 'commission' from advertising sale. So I understand what James meant when he said Infinity Treasures is a marketing agent.

When the magazine I brought in fail to gain enough readers to sustain continued business even if I have gotten a good number of advertisements, I will be questioned by my clients (the advertisers) and might have to eventually drop the title.

The difference is, I would have to refund the advertising dollars to my clients when I drop the title. Also I would have to inform the clients months before I drop the title that I'm no longer representing it. Infinity Treasure should have done a much thorough checks to make sure that The Exit Strategy is performing as it's supposed to be. Such checks should not be done only when things had happened. They should have done it every month.

Thank-you, I could not agree more..

 

[alexchia01]

I feel that the authority should make all marketing agents that promote any form of alternative investment, to put up sizable security deposit. How much depends on how much the company plan to rise.

If the alternative investment turn out to be a scam, this deposit can be used to repay victims.

This way, marketing agents will be more careful in choosing their partners and to be realistic, a marketing agent for an alternative investment, who is asking of millions of dollars, cannot be a $2 company, which essentially what Inifinity Treasures is.

 

[icicic]

I'm A Media Representative of several foreign magazines. Prior to taking the titles, I do my best to understand the magazine, it's readership profile and it's distribution channel. Once I've ascertained that the magazine can be marketed in Singapore, in terms of getting advertising revenues, I will represent it. I only earn 'commission' from advertising sale. So I understand what James meant when he said Infinity Treasures is a marketing agent.

When the magazine I brought in fail to gain enough readers to sustain continued business even if I have gotten a good number of advertisements, I will be questioned by my clients (the advertisers) and might have to eventually drop the title.

The difference is, I would have to refund the advertising dollars to my clients when I drop the title. Also I would have to inform the clients months before I drop the title that I'm no longer representing it. Infinity Treasure should have done a much thorough checks to make sure that The Exit Strategy is performing as it's supposed to be. Such checks should not be done only when things had happened. They should have done it every month.

I think you also have to consider that your clients are professional big boys and not retail. Personally I'm fine with unregulated investments provided they are marketed to those with resources and capabilities to evaluate and risk mitigate.

 

[makav31i]

I think you also have to consider that your clients are professional big boys and not retail. Personally I'm fine with unregulated investments provided they are marketed to those with resources and capabilities to evaluate and risk mitigate.

You see if unregulated business / investment can only seek funds from accredited investors, it is much more difficult for them to sell their products..if you watched Wolf of Wall Street, you remember the part Leonardo Di Caprio wife asked him why he did not sell the pink sheets to only the rich who can afford to lose money, he said that because rich people are smarter and not easily CONvinced of junks products...That is the reason...