Summary: Full account of investment incident
This is a summary of my previous post “Full account of investment incident.”
On 12/08/2007, I had signed an Agreement of Business Venture Investment Desposit of $2000/- with a company “VR Global Metal Trading Pte Ltd.” The registered address of the company is a virtual office provided by Servcorp at “Level 31, 6 Battery Road, Raffles Place” with a mobile number that cannot contacted. The agreement was signed through a middleman S whom I met during one of the E&I networking session organized by NTC (Nanyang Technopreneurship Center) in School (Nanyang Technological University).
After listening to her, I was interested and subsequently deposited $2000/- in the investment with the promise of 40% return after 5 months amounting to $800/- which is due in February.
However till to date I have yet to receive the dividends and my investment deposit. When I clarified this matter with S, I was informed that the bank which “VR Global Metal” have an account with do not wish to release the money to me.
Only after I contacted Alvin (also another NTU peers) did I know he had a similar contract with 90% return. I met him during one of the motivation seminar and S wedding. We seek advice from AMK police post, Small Claim Tribunal and Law Of Society.
I bought the business profile of VR and went to the building the company is suppose to occupy but it was nowhere to be found. I’ve lodge a police report for this incident.
Right now, MAS has replied that they are not the one holding onto the money. VR Global Metal is also not in the MAS alert list and they are also not given the license to sell financial services.
CAD has also been informed of this matter and I was told by my friend that police will only handle cases that has a quota hit which can be based on the amount of money or the number of cases.
ACRA has also been informed of the VR’s company address has not been updated.
Taking up a civil law suit is not an alternative as $2000/- does not make any economical sense.
Hence, I’m stuck and force to play a waiting game with losing $2000/- almost as a forgone conclusion.
Filed under investment, personal |4 Responses to “Summary: Full account of investment incident”
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you should really talk to a lawyer. if the lady is rich, then you should see if can sue her for 10x damages. Well, if she is broke now obviously suing her now is a big mistake, but if i am not mistaken this kind of case can keep for several years so don’t be too eager to sue her now.
Otherwise treat this as a lesson learnt. Not a too expensive one too. I believe lots of people out there are conned larger sums of money.
Alice Email me back urgently. I have the A. you want to contact! We are one day away from the similar scam to read your blog. Email me to call you.
radio check over ….
Link up now
I always wonder why people feel the need to steal from others. White Collar crime is serious and should have a larger penalty. Instead this person will get a slap with a wet bus ticket for her fraud!
It makes me sad that you will lose the $2,000 which you have worked hard for.
If you are not going to get the money back, find out how you can get your revenge!
Best of luck