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Selling property incur losses 1.2mil to pay off 40mils borrowing. Seem biz not doing well, as usually sell off asset to pay debts would be the last options.
DO NOT ENGAGE IN ANY BUSINESS WITH BENJAMIN LAU
(Allegedly linked to M&A Securities)
REMISIER & INVESTOR ALERT
Benjamin Lau has been actively approaching remisiers and investors with so-called “project placements” involving listed companies such as WIDAD, SCIB, ARTRONIQ, AHB, and TECHNAX.
What’s happening:
– Leverages his connection to the Managing Director of M&A Securities to gain trust
– Secures clean trading limits from unsuspecting remisiers
– Raises funds from unknowing investors under false pretenses
– Personally guarantees profit/loss (PnL) on trades to gain confidence
– Dumps illiquid or worthless shares into remisier and investor accounts
– Defaults when trades go south, shifting all blame to “project owners”
– Victims — including remisiers — are left holding high-risk or near-worthless stocks
Some investors allege that he collected funds for the projects — only to disappear shortly after.
DO NOT:
Extend clean trading limits to him
Participate in any deals involving his name
Trust verbal or personal guarantees without formal due diligence
