Sept 12, 2022
The scheme, however, was not backed by any real investments. Instead, the company depended on the money from new gold sales to satisfy the payment obligations to its older customers, the court heard. In January this year, a third former director, Wong Kwan Sing, 50, was sentenced to two years and 10 months' jail after pleading guilty to an offence under the Act.
"This effectively allowed the customers to recoup their initial investment amount in full, while still making guaranteed returns, creating a semblance of a risk-free investment with attractive returns," said the police.
tiz kase me mannee kakis in slsQ gok burnt..u buy $80000 gold bar..everee mth u korrect $800 ez pz marnee..soe all joined in d gold rust...dan within 3 mths..d goldbar inc disappeared..all kannaed burnt