Personal Finance
Build up your Risk Assessment Craft
By Investment Moats  •  May 30, 2015
This time last week, the national newspapers have been talking about Madam Leong Lai Yee ,who seem to have ran away with many of her investors money. 60 investors have came forward saying she owed them $60 million. Madam Leong and her husband were believed to be former property agents, who attracted more than 100 investors to very attractive investments. The idea is to purchase distressed properties in Orchard, Tanglin and Newton, which were on the verge of being repossessed by banks and sell them to buyers from China at a profit. They were promised returns ranging from 10-48% over a 4-8 month period. The investors would have to pay a 40% downpayment, which would be forfeited if the buyers pulled out. Madam Leong urged the investors to use their CPF or take out a second mortgage to finance the purchases. I doubt such scams is new as on and ......
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance