I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Tuesday, 27 March 2012

Smart Money Grabbers over dummy investors (5)

Read? Smart Money Grabbers over dummy investors - IV

SINGAPORE : Three directors of investment firm Profitable Plots were charged on Tuesday with conspiring to cheat investors of US$2.4 million.


They are Britons 58-year-old Timothy Nicholas Goldring and 53-year-old John Andrew Nordmann, and Nordmann's Singaporean wife, 44-year-old Geraldine Anthony Thomas.

The trio, who allegedly committed the offences between 2008 and 2010, were charged with 86 counts of abetment by conspiracy.

They allegedly duped their victims into investing in a scheme to buy a product, Boron CLS Bond, a chemical-based lubricant technology.

The victims were then allegedly deceived into forking out between US$2,000 and US$300,000 each time.

Their case will be mentioned again on April 10.

For abetment by conspiracy, they could each be jailed up to 10 years and fined.

- CNA/ms

Posted by Createwealth8888 at 20:47
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