The victims of TGG really poor thing


ArchRival

New Member
Sep 17, 2006
559
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0
#1
[video=youtube;VTq5tn5yRMI]http://www.youtube.com/watch?v=VTq5tn5yRMI[/video]

They're going to mobilize the whole world to help them get their money back.
And the auntie in pink.....:bsmilie::bsmilie:
 

ricohflex

Senior Member
Feb 24, 2005
3,353
8
38
sing
#2
Sad that old lady has a part of her savings wiped out. MAS must be more aggressive in mowing down the con men Sunshine Empire, TGG, mini-bonds, etc before they commit the crime. Our courts can impose stricter sentences and not just a few years jail. Set a new ruling that if amount cheated exceeds X$, then death sentence is imposed - to send a message to potential con men that they should go to other countries to look for victims. Con men are calculative. They will work out the potential gains and the potential penalties. And what is the worst scenario.
 

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Shizuma

Senior Member
Mar 19, 2012
2,557
25
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#4
sometimes its cheaper to get paid professional and non partisan advice eg non sales commission, flat fee finance consultant .

we can't all be expert at everything. want pro photo, hire good photographers. want good advice, hire a consultant .

anyway sympathy to all the small fish who got eaten. buying gold for keeping must take physical delivery.

buying gold for speculation, must not hold the derivative contract too long either.
 

hanzohattori

Senior Member
Apr 16, 2010
999
5
18
#7
Life imprisonment is more appropriate. The type that they must hide a set of mahjong in their back tunnel.
I have a better idea.. life long chain to uncle ricoh.. after some time, the culprit will develop suicidal trait.. :bsmilie:
 

Prismatic

Senior Member
Feb 25, 2003
1,323
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In the void.
Visit site
#8
I am curious, from TGG website, they claim to be a superior investment to other 'paper' assets. Do the investors actually get to see or keep the gold they buy? If not, then how is it different from other paper assets? Also, I read that the mouthly payout amounts to ard 20+ % return. How is that even achievable when the price appreciation of gold don't even reach that high yearly?
 

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ManWearPants

Senior Member
Jul 14, 2008
4,198
6
0
Singapore
#9
Just like in the seventies the Gemini Chit Fund saga sad episode....
what happened? more details. I am still a baby then.

Wow! These people actually park quite a lot of money with TGG. The sales pitch must have been very convincing.
 

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Bukitimah

Senior Member
Nov 28, 2010
1,268
6
38
Singapore
#10
I wonder if more could be done to safe guard people from such cheats. I wonder how MAS ensure banks have sufficient funds to repay depositors, something similar should have applied for people putting money into investments.

I am sure such companies have to be registered in Singapore. They must make known their business and a special licence issued to them to collect money. If they don't have such licence, then if people choose to invest, good luck to them.
 

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