Benson Ang is a professional financial advisor with 20 years of experience. Three years ago, he convinced retiree Samuel Cheng and his wife to invest their life savings in a China-based company, Xing Li Enterprises, promising them huge returns on their investments after three years.

Initially, Samuel and his wife were a little uncertain about investing all their money in this China company, but Benson said that he had already done all the necessary research and that Xing Li Enterprises was a China-government-backed company with global investments. He also assured Samuel and his wife that the Chinese government had "guaranteed all investments" and therefore they had nothing to lose.

In fact, Benson did not do any research on Xing Li Enterprises; he was just keen on getting Samuel and his wife to make the investment, which would then entitle him to obtain a huge commission as a professional financial advisor. Recently, due to the trade war between the China and the United States, Xing Li Enterprises collapsed and all those who invested in the company lost their investments, including Samuel and his wife. When Samuel contacted Benson about the losses, Benson simply said that he was not liable given the uncertainty of the investment markets.