k_X_focusing_illusion

To the authorities or any impartial observer, this case is more like risky investment and legit business failure, rather than fraud “running away with my money”. If I take that stance (painful) then I may have to accept it as business failure.

99% chance the authorities take it as civil not criminal case. I see a deadend there.

To pursue criminal case, I have to prove criminal intent.

As a civil case, the 2 options are both untenable — pay lawyer fees or DIY.

ProBono lawyer’s estimate — s$7k lawyer fee, indicative of the complexity and legwork.

Lawyer advice: monitor newspaper and then contact the receiver
Lawyer advice: sue ADP within 6Y if you really want justice.

Chance of $recovery is perceived rather low becuase
* Limited liability. Company can declare business failure.

Q: is the Sg system unfair to the small investors on the street?
%%A: Sg government emphasized entrepreneurship risk taking. Small investors are free to take risks. When they suffer losses, they ought to be fully prepared with the necessary contingency plans such as DIY lawsuit or paying lawyer fees. Some small investors are unwilling/unable to follow those plans, so they need to accept the default plan — no-op.

— focusing illusion .. tends to exaggerate this type of punishing, (punitive?), torturous, self-hateful aspect of our lives. This is a real hazard affecting every human.

When Loh Junli suggested a police report, he didn’t say it would be easy. I assumed it would be a one-time job, an easy closure. In reality, it has become an endless struggle. Once I lodged a police report, I wanted to ignore it but it made me feel guilty of abandoning my duty.

In hind sight, the police report was reopening a wound, exactly like a mild second rape. I had a decision to make when lodging the report — reopening or leaving the would unopened.