Personal Finance
the ‘inheritance’ scam is back
By Patrick Lim  •  March 4, 2011
there is an article in today (free tabloid newspaper) warning of the infamous 'inheritance' scam but this time, the email scam carries the ministry of finance address, website and even our finance minister, mr tharman shanmugaratnam's photo to lend a huge dose of credibility to the scam. the email said 'beneficiaries' should contact a dr. ronald zhuang, head of a bogus 'inheritance transfer section' in the singapore embassy in washington, dc with the email address given as; embassyofsingapore@washington.usa.com, which makes the scam pretty 'official' for those who intend to respond to the purported inheritance. my comments: for those who do their homework or in the know should already have noticed that singapore embassies use the sgfma.gov.sg domain and therefore, this 'inheritance' deal cannot be what it is supposed to be. and that's why i am proud to be part of the management team of promiseland independent ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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