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Car dealer cheats 40 customers
- Thread starter Jah_rastafar_I
- Start date
They told The New Paper that a white Bentley, valued at more than $500,000, had disappeared overnight. It had been the only car left in the showroom.
=> With so many reports against Volks, why didn't the poodles seal up the place? Totally bo chup and bo hiew attitude of the poodles! What are they being paid for? To fix the Oppos? Hope the victims and their families do their part in the next GE to shake up the country's decadent and virtually non-performing civil service!
=> With so many reports against Volks, why didn't the poodles seal up the place? Totally bo chup and bo hiew attitude of the poodles! What are they being paid for? To fix the Oppos? Hope the victims and their families do their part in the next GE to shake up the country's decadent and virtually non-performing civil service!
Police confirmed that Volks Auto owner Alvin Loo, 36, left Singapore in early December, well before customers discovered his business was closed on Dec 13 and made the first police report.
=> It looks like this is way to make it rich in SG. Con as much as possible and fcuk off - the FTrash way!
=> It looks like this is way to make it rich in SG. Con as much as possible and fcuk off - the FTrash way!
Sinkies haven't learn from various lemon deals or scams, ranging from minibonds to land banking to Jover Chew, that if something goes wrong with the deal, the onus is entirely on the seller or investor. It is so damn easy to take money from a Sinkie and walk clean away. It's no wonder foreigners constantly rate our country as "one of the easiest to do business in". You do get what that euphemism stands for, right? You are not as dumb as a Sinkie, are you?
Volks Auto boss left S'pore well before reports lodged -
See more at: http://transport.asiaone.com/news/g...pore-well-reports-lodged#sthash.z1uOAAzu.dpuf
AsiaOne | Wednesday, Dec 24, 2014
SINGAPORE - Volks Auto owner Alvin Loo left Singapore in early December, The Straits Times quoted police as saying, well before car
buyers gathered to look for him outside the car dealership along MacPherson Road on Dec 15.
Mr Loo, 36, allegedly took more than $3 million in deposits from customers but failed to deliver the vehicles they bought.
Mr K.K. Lo, who leads a WhatsApp chat group for the customers, told The Straits Times that the police met about 60 of them on
Tuesday. The police fielded questions and updated the alleged victims on investigations, he said.
He added that they were asked not to divulge further details although he was satisfied with the updates, The Straits Times reported.
"He said they were also told that all of Volks' employees had been investigated and that the police had 'mobilised all possible resources to
track down the suspect'," the paper said.
Police classify Volks Auto case as cheating, seek firm’s owner
By Kenneth Cheng, TODAY
POSTED: 24 Dec 2014 07:12
UPDATED: 24 Dec 2014 07:13
TODAY reports: Police are working to track down Volks Auto owner Alvin Loo, who is said to have left the country early this month, while more than 100 customers are scrambling to reclaim down payments totalling more than S$3 million.
Volks Auto, the company believed to have scammed more than 100 customers.
SINGAPORE: The police have classified the case involving Volks Auto - which has left more than 100 customers scrambling to reclaim down payments totalling more than S$3 million after it shuttered - as a case of cheating and are working to track down its owner Alvin Loo, who is said to have left the country early this month.
Mr K K Lo, an affected customer, said he was informed of this when he and more than 60 others gathered at the Bedok Police Divisional Headquarters on Tuesday (Dec 23) for a briefing on the case.
Speaking to reporters after the briefing, Mr Lo, who spoke on behalf of some of the affected customers, said the meeting, which lasted about an hour, was “friendly” and most of the victims present were “pretty calm”.
The 53-year-old IT manager added that the briefing was followed by a question-and-answer session in which the customers asked the police about the number of people involved in investigations, the whereabouts of Mr Loo and where their money was.
When contacted by TODAY, the police said: “The police confirm that the case has been classified as cheating. However, it is inappropriate to comment further as police investigations are ongoing.”
Mr Lo said he knows of 108 victims so far, who made down payments amounting to about S$3.6 million.
Most of the affected customers who attended the briefing felt more reassured afterwards, he said. “They are quite satisfied with the police report up to this stage.”
Moving forward, Mr Lo said at least 60 affected customers are looking into the possibility of buying cars from other dealers as a group. They will seek the guidance of vehicle associations such as the Automobile Importer and Exporter Association (Singapore) before proceeding, he said, noting that a group purchase would allow them to buy their vehicles at a discount.
“Hopefully, it will help minimise ... a little of the lost amount for the affected victims,” he added.
-TODAY/av
Sinkieland is a scam and con hub, it happens in all industries: religion/charity, F&B, IT retail, travel agency, tuition, healthcare, housing etc.
It is only a matter of scale. This particular case garners more attention because of its slightly bigger scale... cars are more pricey after all.
It is only a matter of scale. This particular case garners more attention because of its slightly bigger scale... cars are more pricey after all.
yes, all the oppo parties are in on the scam too. :p
Is Alvin Loo the man involved?
we need to groom more alvins and jovers, needless to say the durais and konghees, to export them to amke sinkies proud.
alvin has PM caleebre, if only he has a fugy looking wife like whorejinx, he would hv usurp the throne n displace pinkie.
To PRCs and PAP, cheaters and con men are preferred to honest and diligent Singaporeans. With that kind of pap mentality, no wonder SG's crime rate soared
yes, pap likes talents like Alvin who can make money at the expense of honest, law abiding singaporeans
wonderfully said. I knew about it since 20 years ago. that's why I avoid sim lim sq., chow ah beng salesmen, charities, religious people like KH and city harvest, NKF etc. simple truth is when it is too good to be true, it is a scam. sinkies are just like nigerian scam although more subtle at times but mainly liars and cheats. 99% of people I meet here are dishonest and I am not exagerating.
Case proposes insurance scheme for vehicle purchase deposits in wake of scams
Proposal from Case meets with some reservations
Proposal from Case meets with some reservations
VOLKS AUTO SCANDAL
Case proposes insurance scheme for vehicle purchase deposits in wake of scams
Proposal from Case meets with some reservations
Proposal from Case meets with some reservations
By Kok Xing Hui
The consumer watchdog has suggested an insurance scheme to protect those who have put down money to buy vehicles, in the wake of a cheating case involving millions of dollars in deposits.
The scheme could work like the one for the spa industry, said the Consumers Association of Singapore (Case), in which customers who buy a package provide details like their identity card number and get a certificate of insurance on the spot. Premiums are paid by the spas, which have CaseTrust accreditation.
Such a scheme is worth adapting for the motor industry, said the Singapore Vehicle Traders Association (SVTA), which has a joint CaseTrust accreditation scheme with Case.
Right now, dealerships in the accreditation scheme furnish an insurance bond of $50,000, which would help settle any customer dispute that might arise. But this sum is not enough to cover all buyers in cheating cases, considering how most of them pay a deposit in the tens of thousands.
