There is a Wealth Machine that people are chattering about.
What gripped people the most is the above 10% interest that you can earn from the short term investment.
We are talking about crowdfunding lending here. It is your chance to be a loan shark in somewhat of a legalize manner. You will however, not be MAS approved though.
You might think this is a scam. “Those stuff that gives you 18% yearly returns must think we would so easily part with our money!” Well, it seems there are many Singaporeans who part with their money easily.
It is especially so when they parted ways with their money 3 times when listed Apple Reseller Epicenter raised 1.5 mil dollars with an interest of 13.5%. Why would a listed company stoop so low?
DBS have got into the act as well, where they signed cross-referral agreements with 2 ......