A group of investors has filed police reports against A2A Capital Management after they failed to receive investment returns in land-banking schemes.
The property development and investment company's land-banking schemes offered generous returns for cash investments in Canada and US.
One of the victims quoted he was impressed with A2A's marketing presentation and well-decorated office in Raffles Place. The company has vacated its Raffles Place office and moved to the Philippines.
You can read my previous post here.
I have been telling some of my friends but there was one who told me that he can stomach the losses.
This is sad, I hope my friends can educate themselves. If the returns sound too promising it will often fail to deliver its promises. High returns also come with high risk.
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