Before I go into the meat and potatoes of this blog post, I want you to know that this isn’t an easy blog post for me to write.
This is primarily due to the fact that I strongly believe it is only human to err, and to forgive, divine.
As the good book says…
“Let he who is without sin, cast the first stone”.
People who live in glass houses really shouldn’t throw stones, but I’m about to make an exception, thanks to a highly recalcitrant individual by the name of Kelvin Han, which brings us to the big question…
Who Is Kelvin Han? (Han How Yong)
Here’s his profile, as infamously featured on “Offshore Leaks”
According to news reports, Kelvin Han, from Zone Financial, acted as a fund manager between May 2004 and August 2006, collecting nearly $4 million as personal loans from 32 people.
Han would persuade participants at his training sessions to invest in a fund – called Kelvin’s Fund – for periods ranging from a few weeks to six months.
The money was used to trade futures contracts and indexes and he promised his clients returns of 1 per cent to 5 per cent per month, depending on the amount they put in.
He was jailed for five months after pleading guilty to allowing the firm to engage in fund management without a capital markets services licence from the Monetary Authority of Singapore (MAS).
Would You Trust This Guy With Your Money?
Yellow ribbon or not, probably not.
But guess what…
Not only did this guy NOT make restitution to his victims, he is still promoting himself as a “guru” with a highly dubious, scammy system called V3GO and a new initiative (for recruiting new victims) called “The Phoenix Family.”
I mean, I don’t know about you, but frankly this makes me sick.
After all that illegal fundraising, massive losses and bankruptcy, it should be pretty obvious that Kelvin is a financial “genius” that members of the public clearly should STAY AWAY from.
Yet he’s still out there, touting his financial snake oil in the open, unrepentant to the point where he even has the gall to “challenge” me when pressed for documentary proof that his supposed new stuff/theory works
I’m clearly not alone, as evidenced by other independent blogs on the Internet.
What do YOU think?
Should this guy be BANNED from finance?
Let me know by commenting below.