Over the past decades, tens of thousands of people have lost their savings on various kinds of ponzi schemes, starting from Gemini Chit Funds in the early 1970s. This kind of scams have re-surfaced in new forms in later years, such as the high returns paid or promoted on land banks, wines, gold bars, plantations and similar schemes.
Even some life insurance and structured products, sold by regulated financial institutions, have high risks, as the investors often misunderstood the nature of these products and have to suffer large losses in their savings. In many cases, the products are complicated and the person who sold the products did not explain the negative features of these products.
The talk is scheduled for Sat 10 Setpember.
http://fisca.sg/event_det.aspx?id=4
Even some life insurance and structured products, sold by regulated financial institutions, have high risks, as the investors often misunderstood the nature of these products and have to suffer large losses in their savings. In many cases, the products are complicated and the person who sold the products did not explain the negative features of these products.
The talk is scheduled for Sat 10 Setpember.
http://fisca.sg/event_det.aspx?id=4
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