POLICE reports have been filed by angry investors who fear they have lost millions of dollars invested in a local fintech currency trading firm that built a high profile by painting its name on aircraft, and wooing potential clients at Davos.
SixCapital, or SixCap as the firm is called, promised returns as high as 18 per cent a year but stopped making payouts around June. Investors also had difficulties accessing their performance reports.
(CW8888: When some retail investors see XX% yield; they may immediately lose their investing mind!)
Around 1,000 investors and employees put millions of dollars into the self-described fintech firm that uses “big data and powerful analytics” to make currency trades.
The firm, which has an office on the ground floor of SGX Centre 1 in Shenton Way, appears to have hit trouble early this year…