Two British businessmen were sent to jail yesterday for a bonds scam in which investors lost more than $3 million.Timothy Nicholas Goldring, 60, was sentenced to seven years and John Andrew Nordmann, 55, to eight years. They were convicted on 18 charges of cheating involving more than $900,000 worth of investments after a joint trial. They faced a total of 86 charges.
The International Trust Law Office serve a writ of summons of the directors of Royal Bali and Royal Goan Beach Properties. Registered in the District Court of Denpasar in Bali on behalf of sales victims both in Europe and Singapore. This now officially recorded and is public knowledge. Case number: 696/PDT/6/2011/PND. This is the first time in legal history that Singaporean owners have been included in a class action law suit against the timeshare sales industry in Asia.