facebookSaw this on Carousell. Anyone heard of this guy before? The Official Tung Sheng Chin. - Seedly

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Anonymous

24 Jun 2021

βˆ™

General Investing

Saw this on Carousell. Anyone heard of this guy before? The Official Tung Sheng Chin.

Saw this on Carousell,

https://carousell.com/p/10

Offer of 10% per annum guaranteed. Using MAS photo as a cover picture and listing as MAS Licensed.

Apparently one of the Top influencer in SG. Never heard of him personally, but sounds too good to be true.

Sourcing for investors on Carousell. I don't buy it at all, I am a firm believer of understanding the philosophy instead of looking at your investment results. (High returns doesn't mean good investor.)

Anyone heard of this guy before?

Discussion (4)

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2025 update: he's been arrested on multiple charges of theft, scamming, and cheating.

"For over two years, a man carried out a string of deceptions aimed at cheating thousands of dollars from various parties, including a law firm, shopping mall ION Orchard, and luxury hotel Amara Sanctuary Sentosa.
Chin Tung Sheng's lengthy list of offences included forging numerous documents and receiving stolen property."

Chris

24 Jun 2021

Owner and Writer at Tortoisemoney.com

Honestly, in my short googling of him, he does sound a bit sus lol, wouldn't bother trusting my money with him, especially since index investing returned around 9% per annum anyways. Is it really worth 1% for extra risk?

Forbes doesn't mean much anyways, Harsh Dalal made it there too (although he got taken down after he was uncovered as a fraud). But either ways, I couldn't verify that claim either? Seems to have only shown up on his LinkedIn and Instagram.

So yea, that's a no for me.

View 1 replies

If the investment he is promoting is really related to MAS Licence I see no wrong to use it (more of a marketing to catch people attention) Unless it is totally not MAS Licence (falsely claim) . Maybe you can try asking him in person.

Tan Choong Hwee

24 Jun 2021

Investor/Trader at Home

Broken link. Sounds fishy. Never heard of him.

Anonymous Poster

24 Jun 2021

Think his Carousell account got taken down as I reported it. But carousell said they didn't find any...

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