By Tessa Wong
MORE than 1,000 investors have been left high and dry after two investment companies, under investigation by the police, appear to have closed shop.
Both companies were recently in the news for having riled their customers with allegedly suspicious practices, leading many of them to lodge complaints with the Consumers Association of Singapore (Case).
One [...]

boiler room, investments, losses, Scams, Singapore Hide

By Seah Chiang Nee. Sept 12, 2009
“We sat through a talk yesterday on land investment in Birmingham and was shocked when my friend immediately ploughed in S$25,000 to buy a 1,076 sq ft parcel,” an Internet surfer recently wrote.
“It had no planning permit and might take seven years to get one,” he added. Yet she [...]

boiler room, elderly, Scams, Singapore Hide

Oct. 13 (Bloomberg) — Credit controller Linda Reay was sorting the daily pile of bills back in 2005 at the bed- manufacturing factory where she worked near Carlisle, an industrial city in northwestern England. Then she took a phone call that would destroy her retirement dreams.
The smooth-talking caller identified himself as a London stockbroker named Robert [...]

boiler room, drugmaker, elderly, retirement, Scams, spain Hide