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Hello Martin,is there any more news regarding Profitable plots? thank you
Unfortunately, it’s already game over for this company. I don’t see a way out for investors.Reply
I invested too, luckily only one plot.
Just days ago a rep of “Masakau Consolidations” called me and asked if I wish to sell my plot, for
I can’t seem to find ANYTHING online about this group.
Any chance you’ve heard about this?
The catch is we have to pay USD7000 first but “will be refunded later”.
Would be so good to know if you’ve heard anything – I’m worried this is a NEW scam building on the old one.
Jag -17th April
Totally disappointed. My advice is don’t do anything with Masakau Consolidations. Had a bad experience already.Reply
any update news on this masakau consolidation? What bad experience do you ABC get? Do adviceReply
Do you think the Masakau scam too?
They call me up to sign the acquisition form and pay usd7k per plot.
I am asking for reference on successful buy who get paid, but they refused.
I am seriously doubt the genuine of this deal!
According to the contract, they ask you to pay the association dues and within 5 business days payout for land will be transferred to your account in US Dollars. They make it sound so simple. Of course, it didn’t happen that way. They did not deliver what was promised in the contract. They come up with more issues and ask you to pay for something else that you are not liable for. It’s a mess. Just don’t get into it.Reply
Yes you are right they are asking your money first. Then what, obviously? They ask you to send the money to Philippines? How is that possible? Their base is in Japan based on their website. It is a scam definitely though claiming that they are professionals helping investors to sell their plotsReply
Pls note that S’pore unable to charge them for unethical selling per se. They were charged becoz they broke the letter of the contract they themselves signed with customers — criminal breach of trust. SG is strictly by the numbers, by the alphabets and by the letter of the law. It is not a crime to sell you something worth only $10 for $100,000. Nor is it a crime to say that the product has 99.99% chance of sextuplating your money when they know 100% that it will be worthless.Reply
Yes, the charge was for mis-representing boron, and not the land. Even then, the judge did not want to label it as a outright scam.Reply
“Nor is it a crime to say that the product has 99.99% chance of sextuplating your money when they know 100% that it will be worthless.”
I think that may be called fraud. Often hard to prove though. You are right though the land isnt worthless. Once you take selling expenses and legal fees into account it is probably worthless 🙂Reply
Hopefully sends a clear message to those currently cold calling UK Land Banking, Asian Plantations, Brazilian House building, Carbon Credits and various Gold investment schemes in Singapore. Suing critics into silence doesn’t work long term and the truth will out eventually.Reply
Hi, is John Andrew Nordmann still in jail?Reply