S'pore housewife invested $300k after falling for slides on firm's rosy prospects

You should always do your own checks and not rely solely on information that is often shown in presentation slides. PHOTO: UNSPLASH
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SINGAPORE - Salesmen who make offers that are too good to miss are part and parcel of our investment landscape, but people are still taken for a ride, as a housewife and her daughter know all too well.

The pair thought they had struck gold when they were given a special deal to buy a 5 per cent stake in a fitness-related company valued at $16 million. They reckoned they had a sure-fire winner once they saw presentation slides that glowingly highlighted the rosy prospects of the business.

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