How to avoid scams

Hello, Mr. Tan,

I was approached by an financial consultant offering an investment product called forex phaetorian. This product originated from an investment company in Singapore. It is a 2 years term, capital guaranteed and 12% interest guaranteed payable every six month. The consultant told me that 12% investment return in singapore is very common.


Mr Tan, what do you think? I mean, if it is so good, then the whole of Singapore should know about it and sold out fast. Why do they have to come to Malaysia and sell to us? I was told it is a private placement and not a public offering product.


REPLY

There must be a catch. If something is too good to be true, then it is likely to be a scam. Do not trust any product that appears "too good to be true".