Problems with Genneva Payout

[Lucy1324]

all the above companies you mentioned if is register in Singapore and is still a proper business and acitive... what you trying to prove??
unless you got the prove or people can point at him that can get him behind the bar!! A lot of people outside also run companies like that..... (nothing new)

but if the money lending biz (ah long) is true then report police lor... but nowaday got so many credit companies around and it legal leh....

maybe you should find out is he GAY??? (or you and him are ex?) sorry nothing personal.... but at least more entertaining right?

Why are you defending Lee Song Teck and his companies?

 

[SuperHunk3488]

Here's about facts that happened?

Why are you defending Lee Song Teck and his companies?

Pls read the headline "problems with genneva payout" leh... (not lee & co or kong hee & china wine mtv rite?)
If I gonna defend i rather choose kong hee only(ya he is my pastor) but too bad wrong forum?!?!

will be nice if people here just provide some good advices and informations to those poor fellows already in the current situation of genneva scum!!!
give them options to deal with it or get out of it....

ALL WE NEED IS SOLUTION NOT MORE PROBLEMS!

 

[iloveahmeng]

WTF are u ppl creating a big fuss ...when u r not even a member.
stop all the bad mouthing and spreading false rumors.
damn !!!

 

[Lucy1324]

ALL WE NEED IS SOLUTION NOT MORE PROBLEMS!

Thank you for agreeing with me that all existing Gold Companies such the The Gold Guarantee, Asia Pacific Bullion and SG Gold will be "MORE PROBLEMS"...

 

[ivan3108]

I was last paid mid Aug, 18 and my agent told me early this month sept there will be delay for Sept payout.
He has not told me of genneva close down, but did say possibly genneva will migrate to another co, not sure how it impacts my gold.
I am holding all my gold now

I was get paid on 10 Sep, if I'm no wrong is transfer by my agent...

 

[ivan3108]

Pls read the headline "problems with genneva payout" leh... (not lee & co or kong hee & china wine mtv rite?)
If I gonna defend i rather choose kong hee only(ya he is my pastor) but too bad wrong forum?!?!

will be nice if people here just provide some good advices and informations to those poor fellows already in the current situation of genneva scum!!!
give them options to deal with it or get out of it....

ALL WE NEED IS SOLUTION NOT MORE PROBLEMS!

How to get out of it? I think now a lot of ppl still contract with Genneva... I just only hope that don 'disappear' before feb13 then ok ler...

 

[mtepl2012]

Singapore seeks gold hub status with tax-free bullion

Singapore seeks gold hub status with tax-free bullion

SINGAPORE - Singapore is seeking to lure bullion refiners by scrapping taxes on gold, a move which could also attract trading houses to open storage facilities and transform the country into a key Asian pricing hub, industry sources said on Monday.

Singapore will exempt investment-grade gold and other precious metals from a seven per cent goods and services tax to spur the development of gold trading, Finance Minister Tharman Shanmugaratnam said on Friday.

The change takes effect in October and may lift demand for gold bars and coins in the fourth quarter and into 2012. Singapore's investment gold demand nearly tripled to 3.5 tonnes in 2011, according to consultancy firm Thomson Reuters GFMS.


"It seems a little unfair to put a sales tax on what is essentially money. The removal of the GST on gold will allow Singapore to better compete with Hong Kong and other bullion trading centres in the region," said Nick Trevethan, a senior commodity strategist at ANZ in Singapore.

Refiners have been put off by Singapore's taxes, opting instead to mould and sell gold bars in Hong Kong, which does not impose duties on bullion, and Japan, where the consumption tax on gold is 5 per cent.

Industry sources, however, said at least one major refiner has shown interest in opening a factory in Singapore around the talk of the tax change. More gold traders are expected to set up offices here and store more bullion, following JP Morgan Chase & Co which opened a precious metals vault in 2010.

"I think this is really going to change the landscape in Singapore. A lot of companies will find the incentive to start operations in Singapore," a gold dealer said.

"This news is going to draw attention to Singapore as a safe place to park funds. Asset managers will also very excited. The trend in the last three years is that people are moving to physical hard assets from paper."

SINGAPORE PRICING CONTRACT

Singapore imports gold bars from Australia, Switzerland, Hong Kong and Japan, which are then sold to buyers in Southeast Asia and India, the world's largest gold consumer.

Gold scraps from the across the region are also traded in Singapore, and this helps determine the premiums for gold bars against prices in London.

Gold, typically a safe-haven asset, has been tracking the fortunes of the euro and stocks in recent months, with speculators selling the metal for cash to cover losses in other markets as the euro zone debt crisis caused much turbulence in financial markets.

Gold stood firm above $1,730 an ounce on hopes for Greece to seal a bailout deal, on course for its biggest daily rise in two weeks. Bullion struck a lifetime high around $1,920 an ounce last September.

"Singapore is already considered a safe destination for cash from investors in the region... and even as far out as the Middle East," an industry source said.

"Having the option of becoming a physical safe haven for assets like gold will only boost overall flows here."

The tax changes could be the first step towards a Singapore gold contract to complement the daily fixing in London, which is widely used as the benchmark spot transaction, analyst Trevethan said.

"There has been a tendency for exchanges to launch more Asia-centric contracts and benchmarks in the past few years, with varying degrees of success," said Trevethan at ANZ.

"An Asian gold fix would be sensible given the nexus of the physical market is centred on India and China, and the early fix from London comes late in the Asian trading day, providing it can attract enough sufficient participants to make it credible."

 

[martinlee1688]

Scam: Gold Guarantee, Asia Pacific Bullion & iDiscover - Disovery Group owned by Lee Song Teck

Scam: Gold Guarantee, Asia Pacific Bullion & iDiscover - Disovery Group owned by Lee Song Teck

The relates to timeshare which is another type of scam.

Many people got scammed by this company selling timeshare packages called iDiscover / DiscoveryGroup. They bought the packages after attending sales seminars which offered freebies like IPads and travel vouchers just to attend a 2 hours sales talk. But they never got to use to their satisfaction any of the tour packages/hotel stay/cheap flights etc promised in the timeshare package.

Many people sort refunds but to their horror the owner of the iDiscover / DiscoveryGroup has taken all their money and sold the company to Lee Song Teck .

Lee Song Teck himself then was looking to recover his cost paid to the previous owner by getting those who wanted refunds to pay up the remaining unpaid membership fees owed or alternatively, change their 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).

What is this consolidated investment? Buying Gold from The Gold Guarantee amd Asia Pacific Bullion !!

When asked what backs up such a ridiculous claim or “promise” of 23% returns, they were shown a sample of the 3 “gold warrant” certificates signed for by a certain unheard of “Gold Guarantee 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”.

What they asked why would Lee Song Teck 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 them – aside from Mr Lee Song Teck being very rich (net-worth 20 million and can spent millions easily), the new owner want to change the direction of the company, such that the existing 5000 members can take their minds off 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.

The smarter ones then went back to do backgound checks on The Gold Guarantee. The so called “trustee” company is call The Gold Guarantee, it is ALSO owned by the new boss of The Discovery Group Mr Lee Song Teck.

How can the same owner be both the issuer of the so called “warrant”, that guarantees the payout, and at the same time be the trustee?

It’s like saying give me cash to buy gold from The Gold Guarantee or Asia Pacific Bullion, I will keep the gold in trust for you and guarantee return it to you in 15 years time plus interest.

Lee Song Teck now owns all the shares of iDiscover, with the “old” boss Jerry Tan still listed a director.

I hope you can understand so far the story of Lee Song Teck’s involvement in timeshare, The Gold Guarantee and Asia Pacific Bullion.

Many things like this goes behind the curtains of Goldcos : Gold Guarantee and Asia Pacific Bullion, with one intention in mind – to suck more and more people into their scam !

 

[martinlee1688]

Awareness to prevent any one from being con by Asia Pacific Bullion

Awareness to prevent any one from being con by Asia Pacific Bullion Owned by Lee Song Teck.

Information from the forum:

I received a phone call from a tele-marketer(TM) few weeks ago saying that due to a recent survey done by using credit card, she is pleased to inform me that I have won a $800 shopping voucher to buy branded items such as Pxxda, Mxx Mxx, BuxBexxy etc and $200 voucher to buy gold and gave me a code for the vouchers redemption.

Know it as another *too good to be true* thing, I let her finish her sales preach before I start my probing.

I was told that all I have to do is to listen to the "con"sultant presentation for 45 mins and I can leave with the shopping & gold voucher if i find the presentation not useful.

I asked what's their company name and the TM ask the supervisor to speak to me. I ask for the company name and got a ABCDE services as a reply. And since I am nearby the Keypoint(the 1st venue whereby they asked me to go) and Concourse(subsequently change to here, their grand office at level #33-02) on the date/time proposed, i decided to see what's new this time round.

I reached the Concourse slightly earlier and went to the information board to see what's the name of the company at level #33-02. Its Asia Pacific Bullion(APB). Another familiar name on the same level #33-04/06, The Discovery Group. What a discovery!
Did a google search on my phone and found some interesting links.

1) Company : ASIA PACIFIC BULLION. scam or safe?

2) Asia Pacific Bullion - Gold Club Asia Forums

3) Asia Pacific Bullion - Gold Club Asia Forums

4) wtf, this Lee Song Teck guy in Straits Times Today is damn rich at 33 only...

5) Avoiding Scammers: iDiscover International Scam - The same Cours Montreux Scam

Having seen the above skeptics, I proceed to level 33 and call the tele-marketer, asked her where is ABCDE services and she reply in that its on level 33 and Asia Pacific Bullion is the same as ABCDE services. 1st loophole.

Asia Pacific Bullion entrance is quite normal, small reception area with 2 seater sofa and another 2 chairs on the left. A lady attend to me and pass me a survey form to fill up. Required fill - your name, mobile number, income, address, age and gender. Submitted the form and wait for the *con*sultant to attend to me.

1 middle age and 1 funny chap came to me and was introduced by the middle age fellow that the funny chap will be my *con*sultant.

I would not mention why the chap is funny and the detail of the presentation to prevent eaves(eyes)dropping.

Basically, the idea is to ask you to invest in their GAP - Gold Accumulating Program which I find is a loaf of BS and the funny chap didn't even know what the chemistry symbol for gold and simple finance terms such as PV and FV when I used such terms to ask him some questions.

Really a *con*sultant. Told him I need to leave by the stipulated time and his face changed real black after that. haha! We proceed to the corridor outside and I see that the so called "managers" were sitting in a room. The consultant went into the room and talk with his manager and they return, with the consultant passing me the vouchers and sulking said "bye" and turn his back and walk off. His manager was shocked and quickly briefed me on how to use the voucher etc.

When I went back to the lift lobby, i took a shot of the information there.



Noticed the last company Igeneric pte ltd? to use the shopping vouchers there? not another chance to waste time with D8 and its subsidiaries anymore!

After reading

this(must read) - The Gold Guarantee in the News

I concluded that D8 = D grp = APB = TGG = LST = JT = Igeneric = INSPIRED EXPLORED = SC@M!

I sincerely hope that these pests will be hanged in the gallows ASAP. Wasting People time and con-ing people money to Asia Pacific Bullion to make a living.

I hope you who is reading this post can understand my bad English and also create awareness to prevent any of your relatives, friends, anyone close to you or even yourself from being con by Asia Pacific Bullion owned by Lee Song Teck.

 

[hootduadua]

Awareness to prevent any one from being con by Asia Pacific Bullion

Information from the forum:

................. con by Asia Pacific Bullion.

As Martin has posted earlier, I'll just provide the pictures and links to show what u gonna get from APB



1) http://forums.hardwarezone.com.sg/money-mind-210/company-asia-pacific-bullion-scam-safe-3887910.html

2) Asia Pacific Bullion - Gold Club Asia Forums

3) Asia Pacific Bullion - Gold Club Asia Forums

4) http://forums.hardwarezone.com.sg/e...-times-today-damn-rich-33-only-3568025-4.html

5) Avoiding Scammers: iDiscover International Scam - The same Cours Montreux Scam


Below pictures are the vouchers details.

When I went back to the lift lobby, i took a shot of the information there.

Noticed the last company Igeneric pte ltd? to use the shopping vouchers there? not another chance to waste time with D8 and its subsidiaries anymore!

After reading

this(must read) - The Gold Guarantee in the News

and

this - http://forums.hardwarezone.com.sg/money-mind-210/genneva-singapore-complain-group-3861349-5.html

 

[SuperHunk3488]

for your info... SOON!!

How to get out of it? I think now a lot of ppl still contract with Genneva... I just only hope that don 'disappear' before feb13 then ok ler...

You still dreaming of getting your comm????
helloooo???? wake up!!!!
come on lar....(anyway u are not the only dreaming)

 

[Lucy1324]

Another company Prestijustlee Pte Ltd offers paper Investments at 25% returns per annum.

Prestijustlee Pte Ltd

 

[mtepl2012]

Gold trading in Singapore set to get boost

SINGAPORE: Gold trading is set to find new glitter in Singapore.

The government's move to exempt the 7 per cent goods and services tax (GST) on gold trading is expected to boost competitiveness globally.

However, market players said more can be done to turn Singapore into a gold trading hub.

For investors, the exemption of GST on investment grade gold will level the playing field for the precious metal.

From October, gold will stand at par with other financial instruments like stocks and bonds which are also exempt from GST.

Gold is also being held as an alternative to cash.

And experts said the government's latest move may boost gold trading among retail investors.

Nicholas Trevethan, senior commodities strategist, ANZ, said: "GST on money, or on what is essentially money, removing that is a sensible and practical idea. I think it's a good way to encourage in particular, retail investment demand amongst Singaporeans. You want that solid base within the country in order to help it develop as a trading hub and as an international trading centre."

Analysts estimate the value of gold traded in Singapore to be worth about US$282 billion over the last year.

Gold traders said the GST exemption will lower the barriers to entry for investors and will further boost interest in the precious metal.

World Gold Council managing director Albert Chang said: "The tax exemption on bullion is an indispensable initial step to boosting the dynamics of the gold trading market."

And the council expects a greater volume of physical gold transactions to take place from October 2012 when the new tax exemption will be in place.

However, market players said more needs to be done before Singapore can take on other gold trading hubs such as Hong Kong and Dubai.

Since the budget announcement last Friday, spot gold price has increased 1.6 per cent to US$1,755 on Wednesday.

And local traders said that they have seen about 5 to 10 per cent increase in sales.

 

[mtepl2012]

How can I buy Oil as an investment?

Investors have many options for getting involved with oil. These methods come with varying degrees of risk and range from direct investment in oil as a commodity, to indirect exposure in oil through the ownership of energy-related equities.

One direct method of owning oil is through the purchase of oil futures or oil futures options. Futures are highly volatile and involve a high degree of risk. Additionally, investing in futures may require the investor to do a lot of homework as well as invest a large amount of capital.

Another direct method of owning oil is through the purchase of commodity-based oil exchange-traded funds (ETFs). ETFs trade on a stock exchange and can be purchased and sold in a manner similar to stocks. For example, buying one share of the U.S. Oil Fund (AMEX:USO) would give you exposure to roughly one barrel of oil.

In addition, investors can gain indirect exposure to oil through the purchase of energy-sector ETFs, like the iShares Global Energy Sector Index Fund (PSE:IXC), and to energy-sector mutual funds, like the the T. Rowe Price New Era Fund (PRNEX). These energy-specific ETFs and mutual funds invest solely in the stocks of oil and oil services companies and come with lower risk.



Read more: How can I buy oil as an investment?

 

[mtepl2012]

Unbelievable Investment Fraud Opportunities

This Deal Won't Fly

There tends to be a cyclical surge in illicit investment schemes involving exotic livestock (such as ostriches and emus). The ostrich deals are usually packaged as partnerships in which investors pay several thousand dollars or more for shares in "breeder pairs" of the animals, which are then raised on ranches, usually in the Southwest U.S.

The ostriches are touted as being the next non fat, low-calorie, food item fad headed for the dinner table of every American household.

One ostrich farm investment scheme advertises that you can get profits of 20-300% almost immediately. Investors are told that ostriches comprise the "agricultural industry of the century in a fully insured investment that has been called the cash crop of the decade." Investors are solicited to be "general partners" in the raising of $60,000 to purchase and maintain two breeder birds.

No mention is made of the extremely risky nature of the ostrich farming business, including breeding difficulties, disease problems, and an uncertain commercial market.

In fact, the existing market for the exotic livestock is so far extremely limited and uncertain. In addition, a number of the touted ostrich and emu ranches have been found to be either imaginary or vastly overblown in terms of size.

Culture Club

As many as 10,000 people lost money to promoters who charged $40 for packages of milk culture under the name of Culture Farms. The promoters stated that they planned to produce Cleopatra's Secret, a major new perfume that used the milk product as an ingredient.

Investors were told to grow the milk culture in their kitchen refrigerators and then to present the containers for repurchase by Culture Farms at a guaranteed price.

Before investors figured out that something smelled wrong, the investment soured, and more than $100 million in hard-earned savings were gone. The perfume never materialized in this ponzi scheme which initially shipped some repurchased materials from initial investors to new participants so as to create the illusion of a successful business model.

Sounds, Too Good To Be True

One stock promoter "invented" a process for growing plants using sound waves and special fertilizers. He claimed that his process caused plants to grow faster and healthier than with conventional growing methods. He called it "Biosonics" and applied for a patent. Bio-Sonics International was formed to promote and sell this invention. He began selling stock in early 1996 to finance the construction of a large demonstration greenhouse.

He told others that multinational corporations and foreign governments had expressed an interest in using Biosonics to produce food and that they would invest large sums of money if the project succeeded. He approached individual investors and urged them to tell their friends, families, and business associates about the stock offering. He later gave presentations to groups of potential investors.

The stock initially ranged from two cents to fifty cents per share and it was increased to one dollar per share in later transactions. Investors were not informed that the price was chosen arbitrarily by him and that no actual market existed for the stock. Investors would receive preprinted stock certificates indicating the number of shares purchased. About thirty people purchased these shares from him for around $1,600,000.

He did not disclose his prior business failures or that he had twice filed for bankruptcy, nor did he tell investors that all of the rights to the Biosonics patent had been previously assigned to a third party.

He did however send a letter telling shareholders that he had met with the managing director of The Mitsubishi Group and that final commitments had been made for Mitsubishi to provide $10 million dollars in financing to Bio-Sonics.

In addition, he claimed that agents of Bio-Sonics had met with the royal family of Saudi Arabia and that they were also prepared to provide $10 million dollars. He recommended that shareholders increase their respective investments in order to take advantage of potentially favorable stock transfer ratios and values in a buy back offer.

Shortly thereafter he appeared before the Securities Division and testified under oath that all funds raised in connection with the unregulated stock offering had been spent, but insisted that a buy-back offer was soon to be funded by an unidentified group of offshore investors.

 

[mtepl2012]

Christian Ponzi Schemer’s Megachurch Scam Preyed on Faithful

Christian Ponzi Schemer’s Megachurch Scam Preyed on Faithful

The arrest of Christian ponzi schemer Ephren Taylor seemingly underscores a worrisome trend in organized religion.

29-year-old Ephren Taylor is the latest Christian ponzi schemer make the news for using the faithful and trusting to bilk what the Securities and Exchange Commission (SEC) says was $11 million from churchgoers in a massive ponzi scheme.

But even on initial first glance, the case appears to have depressing parallels with that of notorious and wide-scale “affinity fraud” perpetrator Bernie Madoff, who similarly preyed on Jewish organizations, charities and hospitals- Holocaust survivor Elie Wiesel’s organization lost more than $15 million to the scam before it was uncovered and Madoff was thrown in jail.

It would appear Christian ponzi schemer Ephren Taylor highlights a growing need to warn churchgoers about the dangers of mixing money and faith- and indeed, looking at Taylor’s own words as the fraud was perpetrated illustrates how religious groups and megachurch-goers are sitting ducks for potential fleecing. As Taylor was introduced to his Baptist congregation in Atlanta, celebrity pastor Eddie Long told congregants:

“Everything he says is based on the word of God. We’re going to show you how to get wealth and use it for the building of his kingdom.”

Even in their financial devastation, however, victims of the Christian ponzi schemer find comfort in faith. One of the victims, Gary Dorio, explains:

“It’s not the easiest thing to do, but we live by what the word of god says. And we have to forgive Ephren. We have come to a place where we’ve forgiven him. We pray for him, his family.”

The SEC has published guidelines to avoid Christian ponzi schemers (and non-affiliated ones) that you can review here if an investment opportunity appears too good to be true.

 

[mtepl2012]

SCAM: The Nigerian Advance Fee Scheme

SCAM: The Nigerian Advance Fee Scheme

The Nigerian Advance Fee Scam has been around for quite awhile, but despite many warnings, continues to draw in many victims. In fact, the Financial Crimes Division of the Secret Service receives approximately 100 telephone calls from victims/ potential victims and 300-500 pieces of related correspondence per day about this scam!

Indications are that the advance fee fraud grosses hundreds of millions of dollars annually and the losses are continuing to escalate.

The Nigerian Advance Fee Scheme (also known internationally as "4-1-9" fraud after the section of the Nigerian penal code which addresses fraud schemes) is generally targeted at small and medium sized businesses, as well as charities. This global scam (recently seen in Russia, Southeast Asia, Australia, and New Zealand, as well as the US) involves the receipt of an unsolicited letter purporting to come from someone who claims to work for the Nigerian Central Bank or from the Nigerian government. (The Central Bank of Nigeria denies all connection to those who promote this scheme.)

In the letter, a Nigerian claiming to be a senior civil servant will inform the recipient that he is seeking a reputable foreign company into whose account he can deposit funds ranging from $10-$60 million which the Nigerian government overpaid on some procurement contract.

The goal of the scam artist is to delude the victim into thinking that he or she has been singled out to participate in a very lucrative -- although questionable -- arrangement. The intended victim is reassured of the authenticity of the arrangement by forged or false documents bearing apparently official Nigerian government letterhead, seals, as well as false letters of credit, payment schedules and bank drafts. The scam artist may even establish the credibility of his contacts, and thereby his influence, by arranging a meeting between the victim and "government officials" in real or fake government offices.

Once the victim becomes confident of the potential success of the deal, something goes wrong. The victim is then pressured or threatened to provide one or more large sums of money to save the venture. For example, an official will demand an up-front bribe or an unforeseen tax or fee to the Nigerian government will have to be paid before the money can be transferred. Each fee paid is described as the very last fee required. The scheme may be stretched out over many months.

Here is a sample of a letter a victim may receive:

(Note: The letter that is sent is all in capital letters.)

LAGOS, NIGERIA.

ATTENTION: THE PRESIDENT/CEO

DEAR SIR,

CONFIDENTIAL BUSINESS PROPOSAL

HAVING CONSULTED WITH MY COLLEAGUES AND BASED ON THE INFORMATION GATHERED FROM THE NIGERIAN CHAMBERS OF COMMERCE AND INDUSTRY, I HAVE THE PRIVILEGE TO REQUEST FOR YOUR ASSISTANCE TO TRANSFER THE SUM OF $47,500,000.00 (FORTY SEVEN MILLION, FIVE HUNDRED THOUSAND UNITED STATES DOLLARS) INTO YOUR ACCOUNTS. THE ABOVE SUM RESULTED FROM AN OVER-INVOICED CONTRACT, EXECUTED COMMISSIONED AND PAID FOR ABOUT FIVE YEARS (5) AGO BY A FOREIGN CONTRACTOR. THIS ACTION WAS HOWEVER INTENTIONAL AND SINCE THEN THE FUND HAS BEEN IN A SUSPENSE ACCOUNT AT THE CENTRAL BANK OF NIGERIA APEX BANK.

WE ARE NOW READY TO TRANSFER THE FUND OVERSEAS AND THAT IS WHERE YOU COME IN. IT IS IMPORTANT TO INFORM YOU THAT AS CIVIL SERVANTS, WE ARE FORBIDDEN TO OPERATE A FOREIGN ACCOUNT; THAT IS WHY WE REQUIRE YOUR ASSISTANCE. THE TOTAL SUM WILL BE SHARED AS FOLLOWS: 70% FOR US, 25% FOR YOU AND 5% FOR LOCAL AND INTERNATIONAL EXPENSES INCIDENT TO THE TRANSFER.

THE TRANSFER IS RISK FREE ON BOTH SIDES. I AM AN ACCOUNTANT WITH THE NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC). IF YOU FIND THIS PROPOSAL ACCEPTABLE, WE SHALL REQUIRE THE FOLLOWING DOCUMENTS:

(A) YOUR BANKER'S NAME, TELEPHONE, ACCOUNT AND FAX NUMBERS.

(B) YOUR PRIVATE TELEPHONE AND FAX NUMBERS -- FOR CONFIDENTIALITY AND EASY COMMUNICATION.

(C) YOUR LETTER-HEADED PAPER STAMPED AND SIGNED.

ALTERNATIVELY WE WILL FURNISH YOU WITH THE TEXT OF WHAT TO TYPE INTO YOUR LETTER-HEADED PAPER, ALONG WITH A BREAKDOWN EXPLAINING, COMPREHENSIVELY WHAT WE REQUIRE OF YOU. THE BUSINESS WILL TAKE US THIRTY (30) WORKING DAYS TO ACCOMPLISH.

PLEASE REPLY URGENTLY.

BEST REGARDS

Be careful. This scam can be physically dangerous as well as dangerous to your finances.

Victims are almost always requested to travel to Nigeria or a border country to complete a transaction.

Victims are often told that a visa will not be necessary to enter the country. The Nigerian scam artists may then bribe airport officials to pass the victims through Immigration and Customs. Because it is a serious offense in Nigeria to enter without a valid visa, the victim's illegal entry may be used by the scam artists as leverage to coerce the victims into releasing funds.

Violence and threats of physical harm may be employed to further pressure victims. In June of 1995, an American was murdered in Lagos, Nigeria, while pursuing a 4-1-9 scam, and numerous other foreign nationals have been reported as missing.

 

[mtepl2012]

Top 5 Most Common Scams in India - Popular Scams to Avoid in India

Top 5 Most Common Scams in India
Popular Scams to Avoid in India


It’s impossible to come to India and not encounter at least one scam or someone trying to rip you off. You shouldn’t be paranoid, but it’s wise to be very aware and cautious.

Here are the details of the most common scams that you’re likely to find in India.

1. Pretending not to Know the Way to Your Hotel
Welcome to Flickr - Photo Sharing user MossebyThis scam is most often tried on visitors arriving at Delhi airport who attempt to take a pre-paid taxi their hotel. During the journey, the driver will say that he doesn’t know where your hotel is (or that it’s full, or doesn’t exist) and offer to take you to another hotel, or a travel agent who can find you a hotel.

Many people end up falling for this scam as they’re tired from their flight and overwhelmed by the onslaught of India for the first time. Make sure you insist on being taken to the hotel that you planned to stay in. In addition, in Delhi don’t give the pre-paid taxi voucher to the driver until he does so. The driver requires this voucher in order to receive his payment from the taxi office for the trip.

2. Saying that the Place You're Looking for has Moved or is Closed
This is a common scam that you are likely to experience all over India, but most often around tourist destinations in major cities. In Delhi, travelers looking for the foreign tourist reservation office at the New Delhi railway station are often told that it's closed or has moved. They are then taken to a travel agent to make their booking.

Other variations of this scam will be encountered when you attempt to visit shops and tourist attractions that are apparently “closed”. In each case, an offer will be forthcoming to take you to an alternative and sometimes even “better” place. You should ignore these people and continue to proceed to wherever you wanted to go.

3. Importing Gemstones Duty Free
Ivana De BattistiThis scam is widespread in Jaipur and also Agra, where many people come to buy gemstones. It involves tourists being approached by a gem dealer, who convinces them to buy some gemstones for him, import them under their duty free allowance, then sell them on to one of his willing partners in the their home country for much more money than they originally paid.

Of course the details that you’ll be given about the “partner” are fictitious and you’ll be stuck with a lot of worthless gems. Definitely avoid anyone who approaches you with an offer like this or any similar scenario. Sometimes you won’t be asked to buy the gems, but instead to provide a “financial guarantee” of your credit card number and signature.

4. Making the Meter Run Fast
Welcome to Flickr - Photo Sharing user Zoom ZoomMany taxi drivers and auto rickshaw drivers are honest, but some have meters that they’ve altered to run fast so that they can claim a higher fare. It pays to watch the meter to ensure that it’s ticking over at a consistent pace, and not too quickly. Another variation to this scam is the taxi driver saying that the meter is broken, and then quoting an inflated fee to your destination. Here's a non confrontational way of dealing with ripoff taxi drivers who try this scam.
5. Offering a Reduced Taxi Fare in Return for Visiting Emporiums
While this isn’t a scam as such, it can still be quite a bother. Taxi drivers will often offer a reduced fare if visitors agree to stop off at a few expensive handicraft emporiums on the way, so that they can get commissions. No purchases are necessary, only looking. The catch is when the number of emporiums to be visited increases from “a few” to at least 5 or 6, so that the driver can maximize his commissions.

The sales people in the emporiums don’t let potential customers get away easily, so such an exercise can end up taking hours. If you want to reach your destination promptly or don’t want to be caught up in what will feel like endless browsing, it’s best to give this offer a miss and pay the full taxi fare.

 

[attractivegoodies]

Suicides see slight increase in 2011

The number of suicides among Singaporeans and permanent residents inched up to 361 last year from 353 the year before, which was the second lowest in the past decade, according to figures from non-profit organisation Samaritans of Singapore.

The age group that witnessed the greatest jump was for people in their 50s, with the figure rising to 80 from 54 over the period.

Suicides for those 65 and above also went up significantly to 83 from 68.

These figures, though still relatively small, are symptomatic of the challenges faced by elderly residents here, said deputy director of SOS Tan Yoke Yin.

"(The) mid-sixties onwards is a period of transition marked by physiological, psychological and social changes," she explained, noting that elderly people falling in the age group encounter multiple health issues, and if they live alone, may lack sufficient support from their surroundings.

"There is also a perception of being a burden to their family... (and) may not be aware of community services when they require assistance," she added.

Tan also noted the increase in the number of calls made to SOS's 24-hour hotline and appeals for help sent to its email befriending service in the year ending in March.

The number of calls made to SOS's hotline rose by almost 3,000 between 2010 and 2011, with some 44,053 calls made last year. Emails to its befriending service also increased by 40 per cent.

Tan stressed the need for a reduction in the stigma attached to what she calls "help-seeking behaviour", something that is crucial to suicide prevention, in particular for the elderly.

"As elderly people who think about suicide often feel lonely, suffer from a chronic illness, or feel like they do not have a purpose in life, it is important to encourage (them) to get medical attention (for health issues), to be involved in community activities, to meet other people and to adopt hobbies... (in general) improving (their) quality of life," she added.

 

[transform]

u bunch of fxxkers...trying to sabo other ppl wealth.
David fong...u r one of the dumbest idiot i've encountered.

If the wealth generated in an Honest path than we should Honor.
If the wealth gain from the intention to Lure people's Greed is a scum