发一个受害者的自叙，希望新手千万注意别再上当！他是一个集恶魔与天使为一身的人！
Subject: RE: kevin's case - what actually happen ?



Hi ,



Frankly, it pains me to write this email… but I guess the more people know the truth the better so that you all will not fall into the same trap as some of us had.



Plse do not believe what you have read in Kelvin’s blog, it is a distortion of the truth to mislead the public. Kelvin convinced a number of his students to put money with him (huge sums, myself included) to manage with promise of high returns over a short period (anything from 2 wks to 3 mths). He was so convincingly sincere and seemed like such an expert that many of us had trusted him completely. Being new in trading then, I thought I had found holy grail. It was a very painful and costly mistake…



Within a short time of putting the money with him, he initially claimed temporally cash-flow problems but eventually claimed he was conned of all the money. He continued to make “sincere” promises that the money will be returned soon and at the same time told us to “trust” him and to keep quiet so as not to jeopardize his reputation/earning ability. Unwittingly, we all kept quiet and pray hard that our hard earned money would be returned to us (he handled his victim individually, so that we do not know then who else were in the same boat). Our months of suffering in anguish/lonely silence did not pay off. We later found that despite having snag in paying back the earlier batch of students, Kelvin went on to cheat new students over the next few months.



The total amount owed is more than $4m in just a few months. All gone, apparently. And it’s been more than a year and he did not make any repayment to us despite claiming in his blog he has been given many classes and making lots of money trading. We do not know what happened to our money and prob never will. People who do not know what happened continued to believe in him, with the same blind trust we had for him in the beginning.. if you had read his blog, you would know what I mean. Maybe he is making money, but certainly not through trading. The best con-man is someone you would never believe will do such a thing. And the 2nd thing I learnt is “if it seems to good to be true, it probably is”.



Some of us eventually reported him to the CAD (too late, not before more people fell victims), unfortunately CAD could not find enough evidence to charge him for cheating (don’t ask me why… I can’t understand this… with so many victims… maybe Kelvin managed to convince them we are all willing parties?) but charged him for unlicensed fund mgmt instead.



So is it just a simple case of not knowing the legal rules for money management? I guess you know better now that Kelvin was never the victim that he made himself out to be.

kelvin han 的自叙，和受害者无奈的感慨
From: kelvin han [mailto:[email protected]]
Sent: Friday, November 23, 2007 8:25 AM
To: v3go
Subject: I'm going to attend Court today and see if I can be release on Bill.

Dear All,

Apology for not updating much since but I have been working very hard over the last 6months. Working day and night.

From the success from my blog and recent courses, I know that I'm definitely able to deliver my promise to you - to return everyone's money in 3-4 years time. I'm really confident.

But unfortunately, yesterday I got an unexpe cte d move from CAD to attend Court today.

The good part is that after the investigations, my charge on intention " Cheating" is dropped but will be charged with no license in Fund Management.

( Dear All, you have know me, I really didnt cheat anyone and I still want to give back everyone's money by end of the day as I really treasure your friendship. I really hope for your forgiveness )

For this charge, I might need to be on bill but based on the my lawyer's expectation, the bill could be astronmical level for me. Possible S$150,000!

My total entire family fortune has less than S$10,000. We really dun know what to do.

Therefore, unless miracle is to happen, if not, I will be in remand in Queenstown until the case starts.

I think its important to update everyone as I really feel guilty since the unfortunate event.

I really hope that you can forgive me.

I'm going to court now.

I hope I can update you again.

Please take good care of yourself and send my most sincere regards to your family and tell them I'm really sorry. If I can get away, i will do my best to return every single cent to you.

Regards
Kelvin Han

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Hi All,

Fyi. I guess when Kelvin said his entire family networth is only $10K, it is his way of mocking at us not to take his first few very sincere sounding sentences (as usual, the smooth talker with no conscience) about planning to repay us.

Kelvin's family owns the shophouse in Joo Chiat Place, coffee shop business, terrace house, car. Their fortune should be worth several million $. Property prices have shot sky high.

Wish we know who the other victims are so we can have a get together with the rest. At least we build some moral support among ourselves.

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I am sure they could also have charged him for Cheating and Ponzi scam. His family has more than enough money, assets and properties to pay us back, but they just refuse to pay us a single cent. They own a shophouse, coffee shop business, terrace house, car. Property prices have shot up the roof.

Up till now Kelvin has not paid us back a single cent. He could have been charged for cheating and Ponzi scam. I think its because no victim reported it to police as a Ponzi Scam He is one lucky chap to escape.

His father, who is the director and shareholder of Zone Financial and Cronwell, is also not charged. Nobody make a police report against him. All the family assets are under his name but he refuse to pay us back a single cent.

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I think the CAD officer and Public Prosecution Officer never charge Kelvin for cheating as they thought Kelvin would be paying us back our money.
Kelvin is smart, he keeps insisting that he will pay us back the money, so that the CAD officer and Public Prosecuting officer do not charge him for cheating. He also insisted he never run away, so that the officer will not suspect him of cheating.

Today's sin min newspaper reported of a S'pore court case about a con man who was charged in court for Cheating and sentenced to jail for 2 years. Facts similiar to our case.

A 39 year old S'pore lady was duped into investing $120,000 in the con scam after she was told that she would be paid interest of $1000 per month. The con man paid her $1000 interest for several months, but stopped paying her after several months. Investigations showed that he actually used her own money to pay her the $1000 monthly interest. He never returned her the principal sum. He was charged for cheating.

in this case, the 33 year old con man only cheated one victim, by promising to give her high returns. Sentenced to jail for 2 years.

Looking at newspapers to look for news report on Kelvin's court case, but so far no news yet. Kelvin's lawyer will likely ask for a fine, instead of jail sentence, in which case the newspaper may not carry a big report.

It really puzzles me how Kelvin’s cheating charges can be dropped when he not only used a similar technique but has several dozen victims..