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...

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