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Friday, October 12, 2012

Some gold trading is Ponzi scheme

Dear Mr Tan

Today's straits times A37 - "Bank Negara:  Some gold traders run Ponzi
schemes.  KL Central banks raids four firms, has another 20 on
consumer alert list"

It is interesting to know what our Authorities intend to do?  Are they
currently allowing some of these companies to liquidate their assets
before taking action or they just deem that their schemes are not
under their preview and they should not take any action.

This has happened in the past with the Minibonds and we are still
allowing such things to happen.
David

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