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2 prominent cases came to a close recently. In Singapore, MAS, after much investigation, banned several financial institutions from selling structure products. And in the US, Bernard Madoff was sentenced to 150 years jail for fraud involving a ponzi scheme.
The actions taken may be stiff but it did nothing to relief the pain of the thousands of investors who lost their savings in the 2 cases.
Yet for others who were not affected, are they wiser from the experience of the unfortunate ones? Each day, investors continued to be offered opportunities of better returns. It can be the property agent who offers you the chance to buy a property to ‘flip’, the friend who offers you the hot tip about a certain stock or the guru who has a trading formula to share. Read more...[caption id="attachment_2927" align="alignright" width="150" caption="Photo by HikingArtist.com"][/caption]
2 prominent cases came to a close recently. In Singapore, MAS, after much investigation, banned several financial institutions from selling structure products. And in the US, Bernard Madoff was sentenced to 150 years jail for fraud involving a ponzi scheme.
The actions taken may be stiff but it did nothing to relief the pain of the thousands of investors who lost their savings in the 2 cases.
Yet for others who were not affected, are they wiser from the experience of the unfortunate ones? Each day, investors continued to be offered opportunities of better returns. It can be the property agent who offers you the chance to buy a property to ‘flip’, the friend who offers you the hot tip about a certain stock or the guru who has a trading formula to share. Read more...
[/caption]
2 prominent cases came to a close recently. In Singapore, MAS, after much investigation, banned several financial institutions from selling structure products. And in the US, Bernard Madoff was sentenced to 150 years jail for fraud involving a ponzi scheme.
The actions taken may be stiff but it did nothing to relief the pain of the thousands of investors who lost their savings in the 2 cases.
Yet for others who were not affected, are they wiser from the experience of the unfortunate ones? Each day, investors continued to be offered opportunities of better returns. It can be the property agent who offers you the chance to buy a property to ‘flip’, the friend who offers you the hot tip about a certain stock or the guru who has a trading formula to share. Read more...
