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Berkeley Capital is launching a 1-year investment fund paying a fixed interest of 9% p.a.

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Old 07-12-2018, 12:41 PM   #1
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Berkeley Capital is launching a 1-year investment fund paying a fixed interest of 9% p.a.

Saw this on fb....seems too good to be true

https://www.berkeleycapital.co/ir.html
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Old 07-12-2018, 01:22 PM   #2
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They are on MAS investor alert list.

http://www.mas.gov.sg/IAL.aspx?sc_p=B
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Old 07-12-2018, 02:54 PM   #3
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Stay away from such "investments"

It was already discussed before.


https://forums.hardwarezone.com.sg/s...y-5933435.html

Last edited by Flex11; 07-12-2018 at 03:09 PM..
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Old 08-12-2018, 02:54 PM   #4
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I enjoy reading this type of statement.

“.... Berkeley Capital is backing all interest payments and the full repayment of the principal. “

If the company defaults on payment.. and the guarantor is the very same company that defaulted, isn’t that guarantee worthless?
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Old 08-12-2018, 03:03 PM   #5
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Someone should invest in it and tell us how it goes.

Reminds me of this: https://forums.hardwarezone.com.sg/m...d-4476855.html
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Old 08-12-2018, 03:23 PM   #6
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At the bottom of the website "A glimpse at some of the top-tier projects
administered by Berkeley Capital", they posted 2 announcements from SGX.

If you take a look at those, there is no mentioning of Berkeley inside.
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Old 09-12-2018, 10:05 AM   #7
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This, from their investor page, is absolute f*cking gibberish:

Berkeley Capital would use the new funds to expand its strategy and operation teams in Singapore and Asia to position itself to be the sole administrator of top-tier national and corporate projects in Asia.
And why are they borrowing from rando individual investors at 9% instead of borrowing from a bank at a lot less than 9%?

This stinks.
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Old 09-12-2018, 10:25 AM   #8
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Waiting to see in future how many will get cheated and then come here to complain about it.
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Old 09-12-2018, 10:35 AM   #9
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Banks do not lend $ at all for such high risk, unsecured investments. Even trade financing runs at 8% interest

This, from their investor page, is absolute f*cking gibberish:



And why are they borrowing from rando individual investors at 9% instead of borrowing from a bank at a lot less than 9%?

This stinks.
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Old 09-12-2018, 11:04 AM   #10
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They are on MAS investor alert list.

http://www.mas.gov.sg/IAL.aspx?sc_p=B

Is that all they do? Give alert?
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Old 09-12-2018, 02:07 PM   #11
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Yeah, unfortunately that's all they do. MAS has never been proactive in shutting down investment scams unless there are a ton of complains or police reports to prompt them.
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Old 09-12-2018, 02:22 PM   #12
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It’s not a scam until it’s a scam.
Thats why need to be very conservative when considering such proposals
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Old 09-12-2018, 02:56 PM   #13
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Is that all they do? Give alert?
its not a scam until someone's money is already lost?

isnt it abit reactive more then proactive?
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Old 09-12-2018, 03:09 PM   #14
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its not a scam until someone's money is already lost?

isnt it abit reactive more then proactive?
because it is a grey area

u see how many companies are on the alert list, if they were to go after every single one of them, it will affect the investment industry greatly.

like land banking like that, some say is scam, say say is not. some get back their monies, some don't. p2p lending , some also say is scam, while some say is not. how to conclude is a scam or not ? especially even more so if the person signed on the dotted line agreeing that he may not get back any of his capital... so still considered scam ?
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Old 09-12-2018, 06:16 PM   #15
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cut loss on bitcoin n recoup thru berkeley
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