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Scam or Not? Prestige Dairy Farm, they collect money for dairy farm invest
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DannyOP
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 Nov 24 2008, 11:05 PM
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QUOTE(kei18kun @ Nov 24 2008, 07:13 PM) first investment for me, they say sign here and there...in the end no contract for me yet until finalising everything, i paid 30% only using credit card and the rest not paid yet anyway to stop the credit card payment, i tried to call the banks and they say they can't stop it even though its not claimed by the company yet...only the company can stop it There is one way but it is unethical, actually u just have to report that you lost your credit card and they will cancel all pending transactions. By right if you are not comfortable with any investment don't sign anything. Once you've signed and paid it is a binding contract in legal terms as there is a valid offer, acceptance and due consideration. |
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DannyOP
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Nov 25 2008, 01:08 AM
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yes you are right getsmart, just about to add this in but u got to it first  If it is an investment approved by any of the Min of Finance bodies (Bank Negara/SC/SSM), there will be a cooling off period precisely to avoid these kind of situations. For Unit trust it is min 6 days.. for others like CHGS it is 10 days. Find out about your cooling off period (if any) and do act fast to cancel your investment if you are in doubt, or at least ask the consultant to answer all your doubts until you are satisfied. If you cancel during the cooling off period, you will be given a full refund. This post has been edited by DannyOP: Nov 25 2008, 02:13 AM |
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DannyOP
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May 31 2009, 01:52 AM
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QUOTE(cherroy @ May 30 2009, 04:16 PM) If a company is offering investment scheme to the public, it is wrong and illegal without SC approval, as simple as that. Prospectus is norm for any investment scheme, you don't let people to understand through printed paper and proper explaination before committing hard earned money?  Not true, it all depends on which Ministry of Finance umbrella the investment falls under :- 1) BN 2) SC 3) SSM All 3 of them have their own jurisdiction depending on the investment subject matter. This post has been edited by DannyOP: May 31 2009, 01:52 AM |
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