Veronica Shim Wai Han, former SQ stewardess said "at least two investors had died directly or indirectly because of pressure from this case"

[Mechafanboy]

These kind of ponzi scheme the founding members need some serious jail time.. or even better death sentence they ruined the lives of many people and the next downline from them those who make money from their down line need to be punish severely also... only that way you can wise up people to this.. in fact just ban any mode of business that resemb
le a ponzi scheme, it has brought nothing but grief.

This case mainly impacted the upper echelon of our society, elites who are supposed to know what they are doing and they completely failed. These are ultra wealthy individuals who could never have enough.

 

[lalalalalala]

At least jho still got the money.
This guy is declared bankrupt.
I dont think he can hide any stashed away

Buy bitcoin and hide it la. Go in squat come out even richer

 

[Joe Maya]

what? fund manager also tio conned.

Don't forget about Temasek Holding

 

[Targaryen]

This case mainly impacted the upper echelon of our society, elites who are supposed to know what they are doing and they completely failed. These are ultra wealthy individuals who could never have enough.

At least the money got trickle down somewhat, albeit to scammers

 

[Joseph12]

Don't want to stereotype but ex stewardess turned private banker of 20 years standing vs Christian Bale and Steve Carrell savant financial whizzes

Who will you trust to do due diligence on investments
And whose advice Will you take

And this woman had a 30 man outfit

But then SBF was viewed as some eccentric genius and see how that turned out

 

[CI]

“The worst is, we are professionals,” she added,

See, that's the problem right there. She should have been an EDMWer instead coz all the horse back cannon and DPX in EDMW will never get scammed. Far too intelligent for these kind of low level con job.

 

[Joseph12]

The truth is people here are way too harsh

I don't know how this fund can do due diligence on this to spot this

Anyway I bet this fund will get sued so the court will say whether their due diligence is professional enough

 

[Geminiboy]

so the experts are not really experts - still kena scam.

Maybe next time financial experts' accreditation need to include a module / test on how to identify scams

she’s just trying to present herself as professional and innocent.

the details says she received loans and referral fees from Ng

 

[Joseph12]

she’s just trying to present herself as professional and innocent.

the details says she received loans and referral fees from Ng

She must earn right

The issue is whether she knew.its all BS and got Ng more SUCKERS

Or as a professional she ought to have known but allowed the goodies to blind her

Anyway when she struck out with this fund she must have millions of dollars in her eyes

Now like almost overnight her company is gone
Really devastating

 

[testart]

 

[Geminiboy]

No worries for the 1000 scammed of millions. if they can lost millions, they definitely have another millions to spare a good life.

yes no need to care about them at all.

irony is there are many of such people who have tens of millions who will get tremendously upset to lose half their wealth, even though they still have enough left to last three lifetimes. like she says, two already died from the “pressure”.

never underestimate how greedy the rich can be.

 

[Joseph12]

Haha
What a bullsheeter guy
Really hahaha

 

[Thoreldan]

so smart, but used it on the wrong things.

 

[testart]

From Ipoh kampung girl to airline stewardess to private banker to CEO of wealth management

Wow

 

[sales69]

Envysion Wealth Management invest in Envy Global Trading.

I 100% trust there's no connection.

*****
The people who put in money need to go through S-Chips again. Very valuable lessons.

Or just read Where Are the Customers' Yachts? or A Good Hard Look at Wall Street

https://amzn.asia/d/c5Z4l9W

 

[MrAwesomeX]

Must be super leveraged, go all in on this Ponzi scheme, only to lose it all. Then again, can only blame themselves for not doing any due diligence.

And Why never contact the supposed Australian counterparts to verify? U are investing tens of millions lei, at least put in more effort to double check the info.

You can tell that to temasek too . Lost almost a billion(I think) on crypto including FTX.

 

[batdow]

she was cheated $1 milllion nia... say until so kelian

 

[Hyruga]

From Ipoh kampung girl to airline stewardess to private banker to CEO of wealth management

Wow

Wow what an incredible transformation.

 

[lowveld]

Bad genes don’t deserve to live. Heeh!!!

 

[Geminiboy]

The truth is people here are way too harsh

I don't know how this fund can do due diligence on this to spot this

Anyway I bet this fund will get sued so the court will say whether their due diligence is professional enough

this itself is already a big red flag:

“he claimed that his firms could buy nickel from an Australian mine at a discount and sell the metal for a sizeable profit.”

when anyone makes such a claim, the first question on your mind would be why the mine would want sell to you at a discount and let you make a sizeable profit out of it? and if it’s true, there certainly would be other traders knocking on the door with higher offers.

you don’t even need a qualification to know to ask such simple questions.