This is supposed to be a post on the part 3 of the review of Singapore Construction Industry. But I came across this 2 articles and felt I had to write about it.
Why did people still fall for these scams?
A conclusion I came across is that because these scheme was proposed to the potential investors as a "guaranteed return" proposal and people are seduced by the high returns.
Another reason I came up with is these people do not have experience with other investment and are seduced by these "professionals".
My view is that if you have experience with investment such as shares investment, you will not be interested in these schemes. Thus, I decide I should try to do something about it.
- I ...
