News Formal

Man admits to misappropriating over $1.4m in teak wood investment scam

  • 📰 straits_times
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 69%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

SINGAPORE - To dupe investors into pouring their money into a fake teak wood investment scheme, a man and his father invited potential investors to seminars and even a site visit to a teak plantation

in Indonesia.

Goh's father, Goh Toh Heng, 79, who claimed to be a director of an Indonesia-incorporated company identified in court documents as"PT Abby Resources Minerals", was involved in the ruse. His case is pending. The investment agreements assured investors of a guaranteed return of the principal sum at the end of the investment period.

Prosperity Ventures was operated by the younger Goh from a shared office workspace. He hired staff to market the investment schemes.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker