Before sinking precious funds into any investment, you need to do your homework. Sometimes, projects can appear viable and legitimate – eg. Having a celebrity endorse it – you need to dig deeper to understand the company’s operations, management team, etc.
Some investors in Singapore realised this when a developer in Singapore (Castlewood) went into liquidation recently. Such things happen everywhere in the world. Investors just need to be very savvy and understand what they are investing in and not just follow the crowd. Check out this story!