QUOTE(littlelunostar @ Jul 31 2022, 03:26 PM)
In his opening address, DPP Tan said investors in the purported investment scheme called "Singliforex" were promised that a team of professional traders would use their monies to trade in "currency pairs" on the world's forex markets.
He added: "The scheme purported to generate trading returns as high as 13 per cent per month, while slyly also purporting to generate conservative returns as low as 2 per cent in some months - thereby appearing both attractive and realistic at the same time."
He told the court that the "sophisticated scheme depended on the complicity of two foreign-incorporated companies, which purported to play the role of forex trading brokerages".
They are Hong Kong-incorporated Triumph Global (Asia) and New Zealand-incorporated Union Markets.
The court heard that investors were told that professional traders were conducting the forex trades through these brokerages.
"In reality, there were no such genuine traders, no such genuine trading, and no such genuine trading returns," said DPP Tan.
Both Leong and Ng were registered directors of Triumph Global.
triumph global as in...triumphfx?
when will the court case concluded?anybody knows?
My brainwashed friend told me that those guys use their name, they are not related at all. He added: "The scheme purported to generate trading returns as high as 13 per cent per month, while slyly also purporting to generate conservative returns as low as 2 per cent in some months - thereby appearing both attractive and realistic at the same time."
He told the court that the "sophisticated scheme depended on the complicity of two foreign-incorporated companies, which purported to play the role of forex trading brokerages".
They are Hong Kong-incorporated Triumph Global (Asia) and New Zealand-incorporated Union Markets.
The court heard that investors were told that professional traders were conducting the forex trades through these brokerages.
"In reality, there were no such genuine traders, no such genuine trading, and no such genuine trading returns," said DPP Tan.
Both Leong and Ng were registered directors of Triumph Global.
triumph global as in...triumphfx?
when will the court case concluded?anybody knows?
SO the more you listen , the more you can realise how stupid can a person be when "GREED" becoming their only pirority.
Aug 1 2022, 11:53 PM

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