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How a S’pore businessman lost over $2m in haste to invest in a ‘crypto bank’
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If you are investing millions in a new outfit, you should expect to deal with third-party professionals such as lawyers and accountants.
PHOTO: REUTERS
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Investing in a bank seems like a sure thing because that’s where the money is, but a businessman in Singapore lost over $2 million when he took too much at face value.
He was so excited at being offered a chance to buy a quarter stake in a new offshore bank that deals in cryptocurrency that he “leapt” into it without checking if the deal was even genuine.
