Two ex-directors jailed over gold investment Ponzi scheme offering 24% pa returns

Mark Battersby
clock • 2 min read

Two former directors of a Singapore-registered gold investment company The Gold Label Pte Ltd, Iseli Rudolf James Maitland and How Soo Feng , were sentenced to three years and 10 months imprisonment on 12 September 2022, the Singapore Police Force said in a statement.   A third former director, Wong Kwan Sing, had earlier pleaded guilty to a Section 340(1) CA read with Section 340(5) CA offence and was sentenced to an imprisonment term of two years and 10 months on 14 January 2022. The Gold Label ran a gold buyback business between 2009 and 2011. The company sold gold bars to its cust...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login