ISG, Lion, Mayflower; the investor burnt in three failed investments and how to avoid the same traps
Losses totalling almost three quarters of a million dollars, following the failure of three large and seemingly genuine property development investment enterprises, left Andrew Lim poorer but well placed to advise others on the pitfalls to avoid and glossy brochures to throw away.
Reaching out for riches that sound too good to be true usually prove to be just that. (Image source: Marko Aliaksandr/Shutterstock.com)
API Magazine has in recent weeks and months extensively covered the collapse of the property and development investment enterprises, Lion Property Group and ISG.
An investor we spoke to has endured the grim misfortune of not only investing hundreds of thousands of dollars into those two ventures, but also committed a large investment into a third scheme by Mayflower Capital, from any of which he is doubtful of ever seeing a return of his money.
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