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.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 20 November 2022

Investment Scams and Frauds. Any difference? Just Repeating In New Forms!

Read? Police warn of fake website claiming to help FTX investors withdraw crypto funds

Any difference?

According to the police, the fake website is supposedly hosted by the US Department of Justice and prompts FTX customers to log in to the website with their account details.

It would then claim that customers "would be able to withdraw their funds after paying legal fees".

Real People. Real Losses

CW8888: Time-sharing scam; one ex-colleague lost money his money. One agency stepped in and called for a meeting for investors to put up $5K each and collectively the agency would have enough fund to fight the case and retrieve some lost money. 

The Agency subsequently also disappeared.

Beware! There are scammers looking for a kill and scavengers looking for your dead bodies too.

Read? People are gullible to believe whatever’s told to them': Inside the mind of an ex-scammer

Luna and FTX. Juicy yield!

Read? Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes

Real People. Real Losses

CW8888: Oilpods scam; one ex-colleage's spouse, siblings and close relatives all die together!









Posted by Createwealth8888 at 17:34

3 comments:

  1. Spur21 November 2022 at 03:12:00 GMT+8

    Uncle8888,

    Human nature never changes. Probably similar scammers & scavengers since caveman time. Future will have Mars & outer space investing scams lol.

    ReplyDelete
    Replies
    1. Singapore Man of Leisure21 November 2022 at 10:04:00 GMT+8

      Psst.

      You interested to invest in properties on the Moon?

      First mover advantage.

      And if you can rope in your friends and relatives, I'll give you a cut of the profits. Wink, wink.


      Scammers and snake oils use the same trick - it's all about knowing what buttons to press.

      People with "holes-in-their-hearts" are the easiest to "target".

      Delete
  2. CreateWealth888821 November 2022 at 20:30:00 GMT+8

    Con job also has short or long term con. Madoff is super long term con job.

    ReplyDelete

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