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Trading 'expert' faces more refund claims
Another 122 people go to tribunal to get back course fees paid to him
By Sandra Davie, Senior Writer
ANOTHER 122 people have filed claims with the Small Claims Tribunal this week against self-styled trading expert Clemen Chiang, over his doctorate from an unaccredited American university.

Clearly encouraged by the success of 49 others who went to the tribunal last week, the new claimants also want to get back the fees they paid to attend his courses.

The 122, who attended weekend seminars on options trading, want a refund ranging from $3,500 to $15,000 each.

Last Thursday the tribunal found that Mr Chiang, a 34-year-old options trader, had misrepresented his qualifications. It awarded 49 people refunds of up to 80 per cent of their course fees, as well as a full refund for the cost of software and 'webinars' he offered.

If Mr Chiang pays up, he will have to give back a minimum of $2,700 each for the course fees alone. That adds up to $132,000 for the first group of 49. If the second group succeeds too, the refunds could total close to half a million dollars.

More could file claims. A Straits Times check found more than 150 people have formed groups online to seek refunds.

When contacted, Mr Chiang said he was appealing against last week's tribunal decision. He has until Thursday next week to file his appeal.

The tribunal is part of the Subordinate Courts and can hear claims involving the sale of goods or services not exceeding $10,000.

Participants in Mr Chiang's past courses were upset to learn that his PhD is from Preston University, which American education authorities have described as a 'degree supplier' offering 'fraudulent or substandard degrees'.

An engineering graduate of Nanyang Technological University, he has been running seminars in options trading for some years at his Freely Business School. Some seminars were attended by up to 200 people, each paying at least $3,500.

When The Straits Times reported last August that his doctorate was from an unaccredited university, the first group of 49 sued for their money back.

Several said that his claim to possess a doctorate in options trading, a rarity in the finance industry here, helped persuade them to sign up for his courses.

[email protected]  

转自：http://www.straitstimes.com/vgn- ... 000430a0a0aRCRD&


[ 本帖最后由 hui_wooi 于 20-3-2009 11:24 AM 编辑 ]

米雪obama

原帖由 hui_wooi 于 20-3-2009 11:21 AM 发表

转自：http://www.straitstimes.com/vgn- ... 000430a0a0aRCRD&

交易'专家'面临更多的退款索赔 另122人到法庭取回学费支付给他 由桑德拉主编，资深作家 另一项有122人提出索赔的小额钱债审裁处这个星期对自封的贸易专家克莱门江，他的博士学位，从一个未经美国大学。 显然感到鼓舞的是，成功的49个其他谁去法庭，上周新的索赔人还希望能回到他们的费用支付给参加他的课程。 122 ，谁出席研讨会周末期权交易，想退款，从$ 3500到$ 15000每。 上周四，法庭认定，蒋任宏，一个34岁的期权交易，歪曲了他的资格。这49人颁发退款高达百分之八十的学费，以及全额退款的费用软件和'网络研讨会，他提出。 如果蒋任宏支付了，他将不得不放弃回到最低2700美元每个课程的收费的。这增加了一十三点二零零万美元的第一批49 。如果第二组成功也可以在退款总额接近50万美元。 更可以提出索赔。甲海峡时报检查时发现150多人组成的群体网上退票。 当接触，蒋任宏说，他正在上诉，上周的法庭决定。他直到星期四下周提交他的上诉。 该法庭是初级法院和可以听到索赔涉及销售货物或服务不超过$ 10000 。 与会者在蒋任宏过去的课程，打破学习，他的博士学位是从普雷斯顿大学，美国教育当局形容为'程度的供应商'服务'欺诈或不合度' 。 一名工程学院毕业生的南洋理工大学，他一直运行研讨会在期权交易一些年来，在他的自由商学院。一些参加了研讨会高达200人，每个支付至少$ 3500 。 当海峡时报报道去年8月，他的博士学位是从未经大学，第一批49起诉他们赚回来了。 有几个说，他声称拥有博士学位的期权交易，一个罕见的金融业在这里，帮助说服他们注册的课程。 [email protected]

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