Category Archives for Scams
Sunshine Empire Trio Sentenced
The masterminds of the ponzi scam Sunshine Empire were sentenced last week. James Phang, the mastermind of the Sunshine scheme, received the heaviest sentence with a 9-year jail sentence and $60,000 fine. Phang’s 46-year-old wife, Neo Kuon Huay was also fined $60,000 while their other partner, Jackie Hoo Choon Cheat was sentenced to seven years’ […]
Nexus Ventures Scam
Someone posted this warning on a company called Nexus Ventures on one of my comments and I thought it would be good to share for awareness. No one cold calls for pre-IPO shares! “There is this London based company called Nexus Ventures http://www.nexusventures.com who has been calling Singapore investors to invest into a pre-IPO stock […]
Sunshine Empire Verdict
THE founder of Sunshine Empire, James Phang Wah, his wife Neo Kuon Huay and Sunshine director Jackie Hoo Choon Cheat were found guilty by the court for their roles in running a fraudulent ponzi scam. The three of them will be sentenced on 30th July 2010. Some 20,000 people bought into their lifestyle packages which promised […]
Land International Far East
Looks like Land International Far East is another busted UK land banking scam. Interested readers can follow the post here: Land Banking: Land International Far East (Land Wealth Centre) Any affected victims who would like to share his or her story with the media can email Hanqing at [email protected].
Selling Fake Discounted Seminars or Products
A common marketing strategy employed by many product or service vendors is to announce a “special offer” price that is only available for a limited period. Typically, the consumer would have a make a decision on the spot (during a preview or sales presentation) in order to get the discounted price. More often than not, […]