Two directors and shareholders of Profitable Plots were on Monday (June 9) convicted of conspiracy to cheat investors of about S$979,000. Timothy Nicholas Goldring was handed a seven-year jail term, while another director, John Andrew Nordmann was given eight years' jail. Nordmann's wife, Geraldine Anthony Thomas, was acquitted. District Judge Chay Yuen Fatt found that Goldring and Nordmann had...
Profitable Plots
An investor hoping to get US$22,500 ($30,000) back from Singapore-based investment firm Profitable Plots had her case thrown out yesterday. The Subordinate Court found that the company did not have any legal obligations to make payments as the contract was not made between the investor and Profitable Plots which is a separate legal entity operating in Singapore. The investor, Ms Tan Lee Pheng, filed a...
Raided by CAD, the group's MD claims some buyers don't understand concept 'Completely misguided' is how the directors of strategic land investment firm Profitable Plots have described the complaints made against the company - complaints that have prompted the white-collar crime police to step in. And the company, perhaps best known for its tagline 'Buy UK Land! We did!' - once uttered by some of the...