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| Tue, Oct 08 2024, 21:46:45 | [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, [8], 9, 10 ] |
| Subject: SOMETHING NEW - LGM SCAM | |
Author: TREX | [ Next Thread |
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] Date Posted: Fri, Dec 02 2005, 2:10:26 hi , as i have already read all the posts here , i will like to add something new about LGM scam , or how i was conned .In 2001, ERI gave me a contact to sell off my HCAP ...this guy john tan from Int resale consultants (now dun exist) promise to help me sell off the membership and i had to fork out $2500 to upgrade my 2 bedroom to 3 bedroom before he can help me sell,i paid after insisting on b&w that i will get back the money if he unable to sell after 3 months.after 3 months he gave me 2 cheques of $1250 (keppel bank) and the cheques bounced . after that i threatened him and he gave me anither cheque of $2500 and bounced again.after confronting him for several weeks i finally got back my money in cash and he asked me to return all the bounced cheques to him. in nov 2003 (2 years later) a guy called me saying he is from a fraud department and he told me they were investigating john tan case and have retrived the bounced cheques.he told me he can help me recover the entire amount of the bounced cheques as well as my entire timeshare costs . 3 days later i met this guy and he actually did show me the bounced cheques under my name with john tan signature.he told me john tan has been arrested and he will help me recover my timeshare costs.then he introduce me LGM and showed me all the brotures and cash back scheme , i had to top up 16k and in 5 years from my first payment i will get back 32k which is 16k plus my old timeshare costs.the cheques actually clouded my mind and i paid 9k , i have not paid the balance 7k.as per the cash back letter i am to make full payment by nov 2005 to enroll in the cashback. i met their cashback director in oct 2005 and told them that i will pay up the 7k only after getting full details of the cashback . the manager told me i have to pay 4800 to enroll in the cashback which will be placed in the cashback pool.when i ask him how the money will grow to 32k from 4800 in 5 years, his reply was "dun worry at least 75% of the people will forget or unable to claim because of lost documents,so the remaining 25% will be able to get their amount,plus a small amount is invested in FTSE" so i made it clear i am not paying up anymore .last week received their lawyers letter and i already complained to case. i can be reached at ocelot@pacific.net.sg for those who are interested in filing a joint suit against LGM. thanks for taking the time to read . [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| [> Subject: Re: SOMETHING NEW - LGM SCAM | |
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Author: TREX [ Edit | View ] |
Date Posted: Sat, Apr 01 2006, 0:39:25 hi all LGM victims, firstly i like to apologise as a few of you have emailed me and i did not reply, i was on overseas attachment.from now on, i will promptly reply to all who email me. it is a good idea to file a class action suit but i remember reading somewhere that the court dismiss a class action suit against a timeshare company before. what i understand is the nature of complaint must be same and the way you were deceived must be the same.for example if one LGM victim was deceived by hard selling and had issues with high maint costs, another LGM victim was mis-represented on the cashback offer solely on which he/she sign the contract, they can't file a class action suit together as the nature of complaint is different. i am not a expert, just giving my views. what i suggest is first we must gather all LGM victims and hear their case and then segregate base on main reason of complaint and then each similar group file a class action suit ,all sub-groups can do it with the same lawyer or with different lawyers. i will be replying to all who have emailed me and will also be sending email to those active LGM victims who have posted here .thanks for reading . you can relate this article from straits times with my case above.(first posting above) The Straits Times Interactive MARCH 17, 2004 WED Singapore Charged with cheating 38 in $150,000 timeshare con http://straitstimes.asia1.com.sg/singapore/story/0,4386,240654,00.html? A MAN has been accused of cheating 38 people out of more than $150,000 by tricking them into believing he could help them sell their timeshare investments. Tan Miah Soong, 43, the former director of International Timeshare Resale Consultant, was charged in a district court yesterday with 73 counts of cheating. He also faces one charge of using the abbreviated form of 'limited' in the name of his business without incorporating it under the Companies Act. Tan, now unemployed, is accused of committing the cheating offences between April 2000 and September last year. He is alleged to have first collected registration fees of between $388 and $776 from the victims, after claiming he could help them sell their timeshares. He purportedly collected larger sums of money from them later, ranging from $1,125 to $13,750, as fees to effect the sale. Tan's case is scheduled for a pre-trial conference on April 1. [ Post a Reply to This Message ] |