Infinity treasures

[Sinkie]

No, I'm in Singapore.

then why buy a financial product that is watched over by a UK regulated Trustee??

 

[tradesec]

why not? by the way, 10k investment only. support my friend.

 

[Sinkie]

why not? by the way, 10k investment only. support my friend.

oklah, true, 10k, if really gone, also like that.. support friend..

steady

 

[tradesec]

touch wood! Support friend, still must get back my 11.5k.

 

[alexchia01]

Hi all,

I talked to a friend not too long ago.

Just to share what i learnt:

they didn't guarantee 15% because it will be against the law. This is watched over by a UK regulated Trustee. The fund is with a third party in an escrow account, govern by us law. UK citizen can invest in this using their pension fund as approved by SIPP. So its a bit different from what is mentioned here.

So I invested 10k. Let's see how it goes. Not bad for a year dividend for a 10k investment. Test my friend's judgement.

An Escrow Account is just a holding account, once the money is transfer out. It's gone. The law only protects the money within the account. Escrow account does not protect you from fraud.

SIPP is personal pension scheme for UK citizen. A lot like our CPF Investment Scheme for Singaporeans. If the product is sold in Singapore, why get UK government approval? Beside... Except for Infinity Treasures website mentioned that they are SIPP approved, I can't find them listed anywhere in HM Revenue & Customs website, which are the one that issue the SIPP approval.

If I were you, I would go back tomorrow to stop the transaction and get the money back asap.

 

[alexchia01]

why not? by the way, 10k investment only. support my friend.

If 10k is too small for you, I suggest you donate it for a good cause.

Your so called friend, just caused you to loss 10k and in the process, earn commission off your losses; and you still call him "Friend" and want to support him?

I don't know what to say... Except please open your eyes big big.

 

[tradesec]

An Escrow Account is just a holding account, once the money is transfer out. It's gone. The law only protects the money within the account. Escrow account does not protect you from fraud.

SIPP is personal pension scheme for UK citizen. A lot like our CPF Investment Scheme for Singaporeans. If the product is sold in Singapore, why get UK government approval? Beside... Except for Infinity Treasures website mentioned that they are SIPP approved, I can't find them listed anywhere in HM Revenue & Customs website, which are the one that issue the SIPP approval.

If I were you, I would go back tomorrow to stop the transaction and get the money back asap.

Hi alexchia01,

I have considered your kind advises. I can understand your concern for all the investors. I thank you for that.
As for why get UK govt approval and not SG, I believe there is an answer for it, just need to brainstorm a bit more and you will know why. And as for why you can't find the product online, because you are heading the wrong direction.
I feel that if you know what I realise, you won't say something like -> "If I were you, I would go back tomorrow to stop the transaction and get the money back asap".
But ultimately, I might be wrong too.

 

[tradesec]

If 10k is too small for you, I suggest you donate it for a good cause.

Your so called friend, just caused you to loss 10k and in the process, earn commission off your losses; and you still call him "Friend" and want to support him?

I don't know what to say... Except please open your eyes big big.

I know that there is freedom of speech. I can understand where you are coming from. I just feel that it isn't too nice to speak bad of other's friend based on your own set of thinking. And it is also not very nice to tell people what to do with their money (imagine the kids on the street force you to donate a 100 bucks for good cause).

I know that you are someone with a strong sense of justice. Thank you for your kind concern.

 

[tradesec]

By the way, Alexchia01, please advise me more on escrow account. How does it work? Where do you apply for one? When and where can I use one to invest? What can I invest in? When you are investing using an escrow account, do you have any bad experiences in the process? Is it really not safe as you mentioned? Then are there any other methods to invest overseas to safe guard our money?

 

[Dividends Warrior]

why not? by the way, 10k investment only. support my friend.

Can I be your friend?

I dun need 10k.

5k can oredi.

 

[tradesec]

I'm happy to answer all your questions about escrow accounts and deal with your handwaving about "if you brainstorm a bit you'll know why it's not SG government approved and you'll know why you can't find the product online". It seems like you don't want to listen to people telling you it's a fraud, and if you've put $10k into this Ponzi I can understand why you don't want to listen.

But if you won't listen when we tell you that Infinity Treasures is a fraud, and if nothing will make you change your mind, then I'm not going to waste my breath.

What would it take to persuade you that Infinity Treasures is fraudulent?

I thank you for the kind concern. I agree with you that this is very suspicious when I first heard about it. Seriously scamy. And my friend asked to meet several times.. I rejected mostly.. but still, friend, he asked nicely.. so I met up with him and he go thru the whole strategy. It doesn't sound ponzi after his explanation. Thus I go ahead with the investment. To test my own analysis and not lose a lot, I only go with 10k.
I hope I don't offend any of you here, just meant to share share. Will definitely update you guys when I receive my first payout. Have a nice day!

 

[tradesec]

Can I be your friend?

I dun need 10k.

5k can oredi.

For sure we can be friend! Just that I can't give you my money. I didn't give my friend 10k. I invest in the project. I'm sorry about that.

 

[Sinkie]

I thank you for the kind concern. I agree with you that this is very suspicious when I first heard about it. Seriously scamy. And my friend asked to meet several times.. I rejected mostly.. but still, friend, he asked nicely.. so I met up with him and he go thru the whole strategy. It doesn't sound ponzi after his explanation. Thus I go ahead with the investment. To test my own analysis and not lose a lot, I only go with 10k.
I hope I don't offend any of you here, just meant to share share. Will definitely update you guys when I receive my first payout. Have a nice day!

Please do update us when u get back your capital as well

 

[alexchia01]

By the way, Alexchia01, please advise me more on escrow account. How does it work? Where do you apply for one? When and where can I use one to invest? What can I invest in? When you are investing using an escrow account, do you have any bad experiences in the process? Is it really not safe as you mentioned? Then are there any other methods to invest overseas to safe guard our money?

tradesec;

I don't have to answer any of these questions because I'm not the one "invested" with Infinity Treasures. Please do your own homework.

Hint: The issue is not with the Escrow account, the issue is with Infinity Treasures' operation and promises.

 

[tradesec]

Just for discussion:

If your friend tell you to buy this A stock saying it will go up by 30% in the next 1 year. In your mind, you know A stock is way above NAV, management is very suspicious and so on..
But there is a good chance your friend is right because you know he isn't someone who anyhow spout nonsense.
Would you listen to him about why A stock will rise in the next 1 year and analyse it yourself Or would you tell him straight that what he say is a fake?

I choose to listen and analyse la. So you cannot say I'm wrong to do this ma.

 

[tradesec]

tradesec;

I don't have to answer any of these questions because I'm not the one "invested" with Infinity Treasures. Please do your own homework.

Hint: The issue is not with the Escrow account, the issue is with Infinity Treasures' operation and promises.

Ok I will do my homework. I will check on their operations and promises.

 

[Sinkie]

Just for discussion:

If your friend tell you this A company based on uk is going to do ipo in sgx next year. And u are required to do put in a deposit. You have never heard of A company at all.

He also say it will go up by 30% on the first day. In your mind, you know the ipo px of stock A is way above NAV, management is very suspicious, can't find any news nor amy company website and so on..

But there is a good chance your friend is right because you know he isn't someone who anyhow spout nonsense.
Would you listen to him about why A stock will rise in the next 1 year and analyse it yourself Or would you tell him straight that what he say is a fake?

I choose to listen and analyse la. So you cannot say I'm wrong to do this ma.

Let me change your question for you..

Like this will be more appropriate

 

[Dividends Warrior]

For sure we can be friend! Just that I can't give you my money. I didn't give my friend 10k. I invest in the project. I'm sorry about that.

U invest with me. 4% returns. Capital guaranteed.

 

[tradesec]

U invest with me. 4% returns. Capital guaranteed.

First, its best to setup a company, regulated by mas(because currently only bank guarantee clients), then draft a contract, I will then analyse your product. And see if we can proceed further.

 

[Futureskid]

Hi alexchia01,

I have considered your kind advises. I can understand your concern for all the investors. I thank you for that.
As for why get UK govt approval and not SG, I believe there is an answer for it, just need to brainstorm a bit more and you will know why. And as for why you can't find the product online, because you are heading the wrong direction.
I feel that if you know what I realise, you won't say something like -> "If I were you, I would go back tomorrow to stop the transaction and get the money back asap".
But ultimately, I might be wrong too.

I thank you for the kind concern. I agree with you that this is very suspicious when I first heard about it. Seriously scamy. And my friend asked to meet several times.. I rejected mostly.. but still, friend, he asked nicely.. so I met up with him and he go thru the whole strategy. It doesn't sound ponzi after his explanation. Thus I go ahead with the investment. To test my own analysis and not lose a lot, I only go with 10k.
I hope I don't offend any of you here, just meant to share share. Will definitely update you guys when I receive my first payout. Have a nice day!

Hey I like your attitude! U listened to your friend with open mind and done your own analysis before u put in 10k, which is good! And you know u maybe wrong, but your friend could be right too!

Even if it is a Ponzi, it will collapse only if u get out the last after the musical chair stops, but u still can profit if u go in early! The show always happen to stock market as well for greater fools, after all if it turns out to be a scam, just quickly cut loss and get back as much as u can, u will learn more during the process.