In barely a week’s time, two crowdfunding projects have gone wrong. Investors grieved for failure to receive the promised returns and to recover their principal sums. An investment scheme that claimed to finance a builder known as Soilwood (listed company Soilbuild Group sound-alike) has stopped paying the guaranteed 4 to 6 percent quarterly return (“Investors cry foul over … [Read more...]
Lessons learned from a property investment trap
I was in Jakarta when I saw an article on the front page of The Jakarta Post with the headline “Property firm deceives thousands of buyers” (May 27, 2015). Another story of property investment scam A property consulting firm known as PT Royal Premier Internasional marketed to the public investment opportunities of 12 complexes across Jakarta, Bali, Yogyakarta, Bandung … [Read more...]