This article describes 6 investment scams to avoid in USA. I urge readers to learn the lesson and be aware that many similar scams can be found in Singapore. You should be careful of all types of shady investments and avoid them. The best bet is to invest in an indexed fund (or ETF based on a market index) for the long term. All other types of investments should be avoided, unless you are really an expert and able to carry out your own evaluation. Do not trust a financial intermediary who is interested to earn the commission by selling the investment to you. Some of them may not be aware that they are selling you a scam!
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