23/09/2024
SINGAPORE – Investors trying to get their money back from a gemstone scheme which bears the hallmarks of a multi-level marketing programme say they have been stonewalled for years.
The investors, who set up a chat group of about 100 participants, include a number of elderly retirees.
On Aug 23, about 10 of them turned up at the fourth floor of Ubi Techpark, in Ubi Crescent, and thumped tables and shouted at staff.
The investment scheme involved amber gemstones. Investors were awarded points, which could be redeemed for cryptocurrency tokens that promised high returns.
Ms Shonna Seow, 42, a business owner, said her parents each invested $35,000 in 2017 with Global GC.
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The investment scheme involved amber gemstones and cryptocurrency tokens that promised high returns. Read more at straitstimes.com.