Friday, July 30, 2010

Millionire At 20,Billionaire At 28?. Is He Really That Hot?

Hantu Laut

Millionaire when he was barely 20. Set up an investment fund called Wyndon Group now worth in excess of US$1 billion.No tweet? Fine.No website? Strange.Right place,right time, right people.....ouch! my foot!

Yes! right people with most disgustingly wasteful habit.

An international investment company with portfolio of US$1 billion may not be big worldwide but big enough for Malaysia.It has no website which means it is not interested in expanding or canvassing its business from the general public.From portfolio investment switched to private equity.

Smart!.Private equity is much more difficult to check as against listed portfolio investment which is much more transparent.

There is absolutely nothing on the Wyndon Group on the Internet except the interview with the Star newspaper.

Low states that his Wyndon Group is registered and headquartered in the British Virgin Island (BVI).On checking with the British Virgin Islands Financial Services Commission (BVIFSC), a regulatory body responsible for regulating all financial services business operating in and from within the BVI, no such company can be found under all categories of financial services.Wyndon does not exist on their registry. Maybe, Low should be more specific and give more details of his company's registration and under which British Virgin Island's authority it was registered.

While many other tax havens have bad reputation of being used by unsavoury characters to cheat and launder money, the BVI has managed to keep a clean slate and weeded out the crooks.It would issue advisory warning if any company falsely claimed to be under their jurisdiction like the few examples below.

VIP BANK, INC. - Advisory Warning No. 3 of 2010
121 Views :: Advisory Warnings

The Commission wishes to inform the public that VIP BANK, INC., is not incorporated or registered in the British Virgin Islands or licensed to carry on financial services business in or from within the Territory.

Golden Gate Education Ltd., Golden Gate Ltd., FinancerzWorld - Advisory Warning No. 24 of 2009
5496 Views :: Advisory Warnings
The FSC wishes to inform the public that Golden Gate Education Ltd., also operating as Golden Gate Ltd. and FinancerzWorld, is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with Golden Gate Education Ltd., also operating as Golden Gate Ltd. and FinancerzWorld.

BVI is a tax haven and one do not need substantive local presence to conduct business from there as long as you are legally registered.If you are a company providing financial services than you have to be registered and authorised by BVIFSC to conduct your business in or from within BVI.

There are two Virgin Islands, one under the British and the other under US jurisdiction.Low definitely confirmed his company was registered and domicile in BVI.

It makes one wonder if the Star reporter that interviewed him asked him for a copy of his company's prospectus just for curiosity sake or bothered to check whether such company actually exists before going to print.Can't say much about the standard of journalism in this country. Just print anything without doing background check. Sorry! I forgot there is a difference between a reporter and a journalist, or is there? Well, journalists sound more glorified than reporters although they do exactly the same job, reporting.

Low is also good at dodging questions.Since the Star reporter is hardly a "Hard Talk" stuff the answer below is what he gets to his question.

Q: What were the best stocks you invested in?

A: The funny thing is, when I was in university, I wrote a couple of articles for the Wharton journal. Some recommendations turned out well, some were terrible. Wharton educates you to look at a diverse portfolio. At the end of the day, it was about returns and diversification.

Any one who understand English would easily conclude that is not exactly the answer to the question.Do I need to go to Wharton to know about returns and diversification?

What about his stock recommendations, the good and the terrible ones? I don't know about the good ones but I know this one was a disaster.Those who bought big on his recommendation would have lost their pants.Maybe, Low can point us to the good ones where he and his customers made tons of money.

Would you give your money to a person who mixes with people who blow their money like there is no tomorrow? Would you ?

A picture paints a thousand words.The picture tells a different story.

"For me, we all work very hard. Of course, we have a disadvantage where at our age, people may perceive it differently. At the end of the day, I run my investors’ money prudently. I generate returns for them. I am not an excessive person but I do have my breaks for relaxation with friends."

Q: All this publicity, has it helped or hindered you?

A: A lot of people have talked to me about it and if it will affect my business because some of my investors are from Islamic countries. Firstly, an important key point is trust. If you don’t trust me, you won’t trust me to invest in me. Second, it is a gross exaggeration of facts. Third, with the amount media attention, although it has been very challenging on me, it is through this rising above from challenges that we learn to better ourselves, so I decided that it was an opportune time to come out and state the facts.

Good try my friend.Very profound indeed.

All those money you and your friends burned on the wild champagne parties were provided by Muslims from Islamic countries.That's why they need you as the front man, the fall guy.


Wenger J Khairy said...

Dear Hantu Laut,

Usually I do not agree with you but I agree with you completely on this one.

This smells very fishy!

SM said...


Don't matter if he's hot or not...I would like to party with Ms. Hilton too!