Angry investors who tried to recover their money yesterday from an investment company claimed they were offered picture frames and clocks to honour $50,000 cheques and cash coupons. They say the Tsim Sha Tsui-based company may have deceived up to 4,000 investors out of about $100 million. A police spokeswoman said they had received three reports from investors alleging they had been cheated by the company. She added that the case had been referred to the Commercial Crime Bureau for investigation and classified as deception. No arrests have been made. The investment company is part of a financial group that had been investigated by the Commercial Crime Bureau in May last year for misappropriation of funds. During the probe, police froze the group's assets, amounting to $16 million. But they were subsequently released in October. More than 30 investors yesterday went to the firm's office in an attempt to recover their money after learning the group's assets had been released. Police had to be called in when the angry investors, who could not cash their cheques and cash coupons, refused to leave. Lo Yau-leung, a representative of the investors, claimed they had been cheated by the company. He said they were asked to exchange their cheques or coupons for products. Citing an example, Mr Lo said they were asked to exchange a picture frame for $30,000 and an alarm clock for $50,000. 'Its crazy,' he said. 'We invested our hard-earned money with them and all we get now is goods worth less than a $100.'