Singapore trial begins on alleged 'ponzi' oil scheme involving C$175m

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Singapore trial begins on alleged 'ponzi' oil scheme involving C$175m: Over 1,000 investors across Asia coming together to sue Yau Kwok Seng, Capital Asia Group and Capital Asia Group Oil Management

Investors had the option of either taking delivery of the barrels or having Canadian-based oil and gas firm COGI sell the barrels on their behalf to third-party buyers.

OVER 1,000 investors across Asia have come before the Singapore courts to sue a Singaporean whom they allege to be the mastermind of a ponzi oil investment scheme that defrauded thousands of investors of C$175 million .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines