The Singapore immigration scam is coming again.

Many people will choose to immigrate to Singapore, so what scams should Singaporean immigrants pay attention to? This is a concern of many people who go abroad. Let's take a look at it with the overseas immigration network! The following is the relevant information I have compiled. Welcome to reading.

The Singapore immigration scam is coming again.

Recently, the new immigrant circle in Podao has exploded, which is another investment immigrant fraud case in which new immigrants cheat China people and China people. And that "liar" is still arrogant under the banner of the Singapore government!

Singapore has always been a popular immigrant country. With the constant change of investment immigration environment, Singapore's investment immigration policy is also constantly adjusting. Previously, Singapore's investment immigration policy had the following two ways:

1. Under the Financial Investor Program (FIS) under the Monetary Authority (MAS), rich people with at least RMB 20 million apply for the right of abode in Singapore. The plan was cancelled by the government on 20 12.

2. The Global Investor Program (GIP) under the Economic Development Bureau (EDB) contacting Singapore is still in progress. However, this plan was adjusted on 20 12, which not only increased some money, but also added some conditions.

To put it bluntly, the "Global Investor Program" (hereinafter referred to as GIP) is to buy funds under EDB, and you can get Singapore's PR. And the fund investment may be profitable, which attracted a large number of investors at that time!

This is an excellent investment plan, connecting foreign entrepreneurs, investors and local business networks, and providing various conveniences when going through immigration procedures such as entry and residence.

Three routines of derailment

Unexpectedly! Many people in the industry broke the news to the know-it-all, hoping that the media would expose: "The new immigrants' swindlers' use the banner of the government to deceive people, China people and China people with the routine of investment immigration!"

We will sort out the exposure provided by insiders as follows, and let's take a look at the "three routines" of new immigrant businessmen deceiving investors. I hope overseas investors can learn a lesson and avoid being cheated again:

1, owned by the Singapore government.

The insider said that a new immigrant businessman from China used the fund project under GIP to attract investors around 2009. He said that the fund is a Global Investor Program (GIP) fund approved by the Singapore government.

At that time, GIP had just been implemented, and investors from China didn't have much experience. They mainly feel that the Singapore government is stable and reliable, and the investment immigration plan is very attractive, so they can invest with confidence.

Singapore's national reputation is very good, and the government's supervision system is relatively perfect. This businessman is basically equivalent to "taking advantage of" Singapore, a brand with a good reputation, not knowing the investment policies of investors in Singapore, and "defrauding" China to invest in immigrants.

2. Use Singapore public relations to attract investors.

By investing in GIP, you can get a "routine" of public relations to attract investors, mainly from China. You know, Singapore citizens and PR are not easy to get. For some investors, this fund is quite attractive.

Moreover, in the early years, this kind of investment can not only apply for permanent residence in Singapore for yourself, but also apply for identity for parents. Businessmen promise that as an "immigrant fund", the most important goal of the investment fund is to help investors successfully obtain permanent residency in Singapore.

Seeing this guarantee, investors firmly believe that investment funds can not only get PR, but also make profits. Coupled with the mutual introduction of word of mouth, it has increased the "credibility" and "attraction" of this fund.

3. A "capital preservation fund" with high commission and high return.

Compared with the old fund, the new fund is not competitive. As a result, businessmen attract more investors with high commissions and engage in vicious competition. High commission is for domestic partners, and referees recommend customers to them; Promise high returns to customers.

However, when looking for a partner, the businessman will mislead investors by all improper means, calling this fund a "capital preservation fund".

The minimum investment amount of the fund is the principal of S $65,438+0,500,000 (65,438+0,500,000), and capital preservation means that the fund guarantees that investors can get back the principal of at least S $65,438+0,237,500 (65,438+0,237) at maturity.

Investors feel very safe. This is a "promise" that an established fund dare not make, but more people are attracted by this "capital preservation" fund!

At this moment, many macaroni will say that they don't understand the funds set up by the Global Investor Program (GIP). Before exposing the various behaviors of this new immigrant businessman, let's get to know GIP first.

Singapore Investment Immigrant Fund

Investment Immigration Fund is a fund specially set up for Singapore Global Investor Program (GIP). Applicants applying for the Singapore Global Investor Program will be approved in principle after passing the interview. In principle, the reply is valid within six months, and the applicant needs to invest the investment funds in the immigration fund within six months.

Detailed explanation of Singapore investment immigration fund

1. Investment Immigration Fund cannot absorb funds from non-GIP applicants, and is only established for investment immigrants. All funds are closed-end private equity funds. Other funds in the market cannot absorb the investment funds of investment immigrants.

2. Usually, the cycle is set to five years around government policies. Not less than five years. The original equity certificate has been pledged in the government for five years, and mortgage loans are not allowed.

Once invested, the funds can't be recovered. Otherwise it will affect your identity.

4. Fund size: the minimum is S $30 million, and the maximum is S $6543.8+S $50 million. The management fee is basically 2.5% per year.

The "Seven Deaths" of New Immigrant Liars

As we all know, there is a risk of loss in investment, but insiders say: "This businessman's routine is obvious!" I implore knowledgeable person to expose his "seven deadly sins", and I hope everyone will take a warning and stop jumping into similar "traps".

1. There are as many as thirty or forty investors in the fund.

What was signed at the beginning was not a contract, but a memorandum, with only the signature of the investor, but not the signature of the businessman. Even some investors don't even have a memorandum, let alone sign any documents.

At present, there are two versions of the same fund, a memorandum and a confirmation letter signed by investors. One version is the guarantee, and the memorandum is February 2009. The other version is not guaranteed, and the memorandum time is 20 10 1 month.

An insider invested 20 1 1, but the document signed by the fund was in 2009 and promised to guarantee the bottom (mentioned in the abstract). Probably a guaranteed version for domestic investors. This information was obtained only recently.

Memorandum summary

Xx Fund is a "Global Investor Program" fund approved by Singapore Government. Investors who invest in the fund and their families can obtain the long-term residency (green card) in Singapore issued by the official Singapore agency Contact Singapore, which manages investment immigration.

As an "immigration fund", the most important goal of the fund is to help investors successfully obtain permanent residency in Singapore, ensure the safety of investors' investment principal, and get back the investment principal (after deducting management fees) immediately after the end of the five-year investment period and get a return on investment. There is no need to extend it for a year or two.

The Foundation chooses to invest in Singapore IPO and Pre-IPO projects and small and medium-sized companies with great development potential to obtain comprehensive returns.

The following information is a summary of the important terms of the fund.

Fund: a private fund registered under the laws of Singapore. It is a capital preservation fund (after deducting management fees). If the investment principal is1500,000 yuan, the fund guarantees that investors can get back at least1237,500 yuan at maturity.

Fund size: S $500 million.

Minimum size of the fund: 300,000,000 Singapore dollars.

Minimum investment: The minimum amount for purchasing preferred shares is 65,438 Singapore dollars+0,500,000.

Fund life: 5 years (from the date of investment)

Management fee: 3.5% per year.

Incidental income: 20%

According to the lawyer's investigation, this businessman has as many as 20 business disputes. To put it bluntly, many people have fought with him.

He didn't issue the annual investment financial report to investors, but insisted on sending the financial report to investors on time every year, but no one received it.

After the expiration of the five-year five-year fund, he dismissed the investor with a "loss". Hard to contact, often missing. The company moved, too, and didn't answer the phone. It would be nice to reply to one of the ten messages.

6. He provided an unaudited financial report, which showed that the fund lost 85%, which was contrary to the original statement of "capital preservation". However, the businessman said, "This is just a loss. Many funds in Singapore have lost money, and it's not just us ... "

7. The insider said: Some investors get back the principal one after another, up to about 85%, but the amount they can get back is decreasing year by year, and some people only get back 20-30%. Finally, some investors want to get back the remaining 15% after the fund expires, but when paying back the money, they are still evasive and can't find anyone.

Latest situation: According to an insider, this businessman lived in a rented house of the government before doing this fund. By illegally operating this fund, he changed it into apartments and villas, and invested in several apartments. The money lost by the investor became his private property.

"Singapore's legal system is strict. Such people should use the early government's policy of supporting small and medium-sized funds to defraud money and seek personal gain, and they are still at large." The insider said.

It is said that there are still about 17 people who have not redeemed the fund. Some victims have banded together and found lawyers to sue the fund and the businessman. At the same time, the Financial Development Board is also investigating and waiting to be dealt with. I believe that the relevant departments will definitely give investors a fair.

We will continue to pay attention to the development of the situation and update the report for you later.

A new immigrant businessman set up a fund, through which all the victims bought the fund. According to an insider, he was a director of this fund before, but no investors knew that the company had changed directors. Now, the company has changed hands and he has become the CEO and director of another listed company.