Last month I read from the Straits Times that an alternative investment, EcoHouse Brazilian residential project, has failed to make payment to investors.
I remembered that about two to three months back there was also a report from Straits Times that another alternative investment, Detroit Exit Strategy, by Infinity Treasures Pte Ltd, failed to makepayment to investors.
To recap, Detroit Exit Strategy is a house flipping scheme which offered investors Fixed 15% returns in 12 months.
Natal-based Ecohouse was founded in Britain in 2009 after the Brazilian government launched a program to help poor families buy subsidised community houses, whose construction is funded by private investors.
EcoHouse offered a 20% fixed rate of return for a 12-month investment contract on residential project in Brazil for a minimum investment of 23K pounds. The returns are generated when the house is resold to a Brazilian buyer at a higher price.......