Investment Scam

84-Year-Old Grandmother Allegedly Scammed Of Life Savings By God Daughter

84-Year-Old Grandmother Allegedly Scammed Of Life Savings By God Daughter

Some time back, the alleged scammer started asking money from the grandmother to "invest" in her son's company and promised a handsome monthly return. However the grandmother is illiterate and chose to trust her god daughter's words. Slowly but surely her life's savings was drained away into this "investment." After receiving a few months of the promised returns, the alleged scammer suddenly stopped handing back the cash and started to give a ton of excuses to the grandmother.

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ANOTHER GOLD INVESTMENT COMPANY DIRECTOR IN THE WIND

A local businessman in his 30s, Simon Goh Chee Kin, is now in the wind after at least 7 local investors lodged police reports against his company Valiant Capital, a Singapore registered gold trading company, claiming that the dividends he had promised them were not paid to them and their queries to him went unanswered. According to the victims, they had been trying to contact Goh but since June, the businessman has not been contactable. The company's office premises at Orchard Towers has also been vacant for months.

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