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It is unconfirmed, but history might repeat for "gold buyback scheme" with Suissue International. The investors have good reason to worry...

Investors in gold buyback scheme alarmed by firm's silence

More than 20 investors who put around $7 million into a gold buyback scheme run by local firm Suisse International are now worried that they cannot get their money back.

Not only is its owner uncontactable, they said, but the company's office at Keypoint in Beach Road has also been closed.

The last message the investors received was from the firm's vice-president, Ms Belinda Hah, in the first week of January. That was when she informed them via SMS that their money was stuck in a transfer to the firm's Hong Kong branch - Suisse HK.

No further details were given on how investors could get their money back. At least three of them have gone to the police, and engaged debt collection agency JMS Rogers to locate Ms Hah.

- See more at: http://www.straitstimes.com/news/singapo...4zcJg.dpuf

In Sunday Times, there was an ad offering 24% p.a. returns by investing in gold with Credo Investments. People never do learn. Visit the website to find out more (no mention of returns there).

game over! :O

GREED burns money!! BEWARE!

It so sad to see this tragic movie playing over and over again. Always the same script. Different directors and producers, and different victims, but always the same ending, and not a happy one at that.

somehow financial education seems to be lacking in sg

When Gordon Gekko mentioned "Greed is Good", he omitted to mention that it is good only if you are on the other side of the trade...

History might not repeat itself, but it sure does rhyme.