Five myths on the Minibonds

Here are 5 myths that the banks and security firms want the public to believe. I urge the public, who are not aware about the struggle of the investors, to read about the injustice that has been done.

Many people got the mistaken impression that the Singapore authority has helped many investors to get fair compensation. This is the impression given by the headlines in the mainstream papers. But this impression does not represent the true situation.

Think again. Out of over $500 million that has been invested, the total amount of compensation was only $107 million. Just about 20% was compensated. This is far short of the compensation offered in Hong Kong and Taiwan.

Are we an honest society?