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IT’S THE TURN OF SINGAPOREANS TO ASK, “WHERE IS OUR GOLD?”
Many Malaysians have found to their cost that their gold is nowhere to be found. Nor is the money they paid for the gold recoverable.
BESTINO GOLD: ‘All that glitters is not gold’.,.
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BITTEN ONCE, BITTEN YET AGAIN..
Many of them had previously bought gold from another firm, Genneva Gold, which was raided by the CAD in 2012, and were eager to sell it off.
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More than 100 investors alert police about local investment firm Suisse International http://str.sg/42Q
Investors who allegedly lost millions from Suisse International’s gold buyback scheme outside the Commercial Affairs Department at Police Cantonment Complex on Feb 2, 2015. — ST PHOTO: ONG WEE JIN SINGAPORE – More than 100 unhappy investors gathered outside the Police Cantonment Complex on Monday to make police reports to the Commercial Affairs Department (CAD) about a local investment company.
They had invested in a gold buyback scheme with Suisse International but claim that they have not received their promised monthly payouts since September.
More recently, bosses of the company are alleged to have dropped out of contact.
The investors present claimed to represent around 250 people who have lost an estimated total of $35 million.
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Investors in gold buyback scheme alarmed by firm’s silence
No word received since early January and owner is uncontactable, they say
More than 20 people who invested in a gold buyback scheme now worry about their money. http://str.sg/4xA
Some investments are definitely not worth their weight in gold, as many discovered when they lost large sums of money in gold buyback schemes that failed to deliver. — ST FILE PHOTO…
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 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.
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OTHER MAJOR GOLD SCAMS
THE GOLD GUARANTEE
Investors were offered monthly payouts to purchase gold at a premium from the company, which also had businesses in Thailand, Malaysia and Hong Kong.
In 2013, investors were left in the lurch when payments ceased suddenly and founder Lee Song Teck vanished. They lost tens of thousands of dollars.
GENNEVA GOLD
In 2012, more than 10,000 investors lost their money to Genneva Gold, which was raided by the Commercial Affairs Department.
The company sold gold at a 2 per cent discount to market prices. It promised to buy back the gold 30 or 90 days later.
Investors reportedly poured up to RM10 billion into its Malaysian arm as well.
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Investor Alert List
The Investor Alert List provides a listing of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or authorised by MAS.
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Suisse HK Limited
371 Beach Road
#06-01 Keypoint
Singapore 199597
Tel: 6692 2838
Fax: 6692 2839
Website: http://www.suisse.com.sg/
http://suissecollection.com/
[Listed on 25 November 2014]
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Suisse International Pte Ltd
371 Beach Road
#06-01 Keypoint
Singapore 199597
Tel: 6692 2838
Fax: 6692 2839
Website: http://www.suisse.com.sg/
http://suissecollection.com/
[Listed on 25 November 2014]http://www.mas.gov.sg/ial.aspx?sc_p=s
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https://www.facebook.com/groups/suissecoins/
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[CNBC] UNEASE AS SPORE HEADS INTO 50TH BIRTHDAY – Page 4 – www …
forums.hardwarezone.com.sg › … › Lifestyle › Eat-Drink-Man-WomanDec 1, 2014 – 15 posts – 13 authorsSuisse International Pte Ltd has changed company 10 over times and has … Recently they closed down their office at Key point and has been …
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01-12-2014, 02:12 AM
Junior MemberSuisse International Pte Ltd Scam now Suisse Mint Pte Ltd
Suisse International Pte Ltd has changed company 10 over times and has been recalcitrant in its unfair trading practices as well as fraudulent activities. Recently they closed down their office at Key point and has been uncontactable since early this month after running into difficulty paying debts owed to clients from their scams including gold products and their timeshare flight reimbursement scheme. Their office is now at 11 lorong 3 toa payoh #01-13 singapore 319579, they have renamed their company to Suisse Mint Pte Ltd. Pls take note. This is how their time share flight reimbursement scam works: For a invesment of $5000, they will pay back $8000 over 4 years in flight receipt claims, capped at $2000 a year. They honour their contract in the first 1 or 2 year, reimbursing all claims up to $2000, after that they close down and move to a new location under a new company name. Most customers lost all their money because they thought their company winded up or because they are unable to locate new company. Because they don’t really advertise their products or services, it quite hard to track them down. Pls take note this company- Suisse Mint Pte Ltd. (aka Suisse International Pte Ltd) Their last person in charge was Cassie Ang, now it is Cha Wai Ling. SPF should do something about this already. WhTF are they?
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weehingthong 