The chapter delves into a group's encounter with a suspicious person on LinkedIn posing as a member of a family office, who used familiar names and events to build rapport but was later exposed for inconsistencies in their accounts, leading to suspicions of deceit.
Reports of alleged imposters are cropping up more and more in the family office frenzy in Singapore and Hong Kong. The ultra wealthy use family offices to manage their finances and affairs.
Today on The Big Take Asia, host K. Oanh Ha speaks with Bloomberg investing reporter David Ramli about the secretive nature of the family office industry and why scammers are so hard to spot. Plus, she hears from Medway Investment board director Eric SayWei Neo about how people like him are becoming amateur detectives to try to weed out suspected imposters.
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