Another property investment company A2A Capital was being put on the investor alert list by the Monetary Authority of Singapore (MAS). The company marketed a land-banking scheme with investment in the United States and Canada that promised attractive returns of 134 percent or potentially 3 times the initial investment over 10 years. When the Singapore investors did not receive the promised payout, they filed police reports against A2A. It was discovered that the property firm has a paid-up capital of only $100 when it set up in 2009. And its office has already moved from Raffles Place in Singapore to the Philippines. Common traits of scammers and their victims I just read two good books on financial fraud: Rodney Hobson’s The Book of Scams and Kenneth Fisher and Lara Hoffmans’ How to Smell a Rat: The Five Signs of Financial Fraud. Fisher and Hoffmans reminded us that frauds tend to be ......