30 Mar '15, 10am

North Dakota: More come forward

Comment E-mail to friend Bookmark & Share Following our story on Tuesday when one investor issued a warning against overseas investment company North Dakota Developments (NDD), One investor, who wishes to remain anonymous, told PropertyGuru: “I want to help Singaporean investors not to be victim of another possible scandal.” The Asia-based investor, who divulged he was also a “victim” of the now failed EcoHouse Brazilian social housing project, alleged there were striking similarities between NDD’s offering and the EcoHouse promises. He said that both investments were being marketed as offering substantial guaranteed income of between 20 percent and up to 40 percent, an Escrow agent that he alleged was also the lawyer of the firm, subsequent construction delays and unpaid income.” The investor said he has invested in six units with NDD and detailed his allegations individu...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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