SwissCash

• NthDimensions

  1 Dec 06, 04:03

  Originally posted by laurence82:

  how nice
  
  but remember, laws are not 100% morally right
  
  thats why i really dont like those who play along technicalities and using loopholes in laws to get away with things
  
  

  you are right, unjust regimes or countries have evil or unjust laws.
  laws are just means of governing the masses, to put society into recognisable order (or disorder, whatever the agenda is).
  
  the highest law is not the law of the lands,
  it's the law of our conscience,
  it will tell us what is right and wrong.
  
• NthDimensions

  1 Dec 06, 04:13

  Originally posted by spycampers:

  true.. and not true.
  in some country where by girls are not allow to reveal any part of their body
  when not at home..
  so is all our singaporean girls all committed crime?
  wat i said is we don't have to follow other country law.
  since now SC is not banned.
  then still can consist as legal.
  
  

  I think you have all missed the point.
  the transactions and e-commerce are done in cyberspace.
  no country, other than the country where the website server is situated, can shut down the website.
  
  witness gambling and porn site.
  they are illegal in singapore, but police can't shut them down because they are sited overseas, not within their jurisdiction.
  even MDA gave up blocking site, other than famous ones like Penthouse, long ago.
  
  But if someone solicits funds for SwissCash in public, then that person is chargable, because he contravene MAS regulations, whereas if SwissCash is being promoted to friends, and acquaintance, over a cup of coffee, in private, etc, nothing can be done to stop them.
• NthDimensions

  1 Dec 06, 04:24

  Originally posted by weeie:

  and don't associate it too much with mlm... because it operates just like any hyip out there... need new $ input to pay the ones who started earlier.... if no new $ goes in, the website will say bye bye earlier.

  I beg to differ.
  I did some calculations, I found that the payout is possibly sustainable (actually each new acct is sufficient to cover payouts and still has balance, don't need acct B to cover acct A, acct C to cover acct B, etc)
  
  the only catch is:
  cannot prove that they are able to generate 25% to 40% returns on average for their investments.
  has no data or portfolio to prove that.
  
  if viewed in that way, perhaps, in absence of clear evidence, it can be explained that the 100% punctual payments up to date running for more than 15 months, might possibly be sustained through a ponzi scheme.
  
  but i cannot even verify it is a ponzi scheme, so....
  nothing is conclusive here, and I am not deciding on what it is, and what it is not.
  
  
• NthDimensions

  1 Dec 06, 04:29

  Originally posted by pierre^^:

  i got one rich fren who invested like 10-20 k in it
  
  so he wans me to invest 10k
  
  i told him i dun have
  
  so he ask me if my family got kidnapped will i be able to find 10k
  
  i say i cant mah
  
  so he call me bu xiao zi and other names
  
  so i dulan, i del him away from my contacts
  
  no fren le
  
  i hate these ppl who force ppl do this do that, den cannot take no as an ans
  
  

  this is not good.
  he is more concerned abt his own self more than concerned about your feelings.
  i predict he won't do well for long, I believe he does not have the right energy to succeed.
  (that's how when people stuck the lottery, yet became bankrupt not long after, you can do something wrong some time, but you can't do something wrong all the time without paying the price)
• NthDimensions

  1 Dec 06, 04:35

  Originally posted by Wakus:

  And yeah...I feel SC is a scam...no products involved....hmmm

  money is the product.
  buy a future contract of 300% return on money,
  monthly delivery each month for 15 months.
• tick tickle ticklish

  4 Dec 06, 22:40

  Originally posted by NthDimensions:

  money is the product.
  buy a future contract of 300% return on money,
  monthly delivery each month for 15 months.

  interesting... care to tell me how it works?
  pple have told me there's no future in futures.
  but i would like to learn more as i'm ignorant about this topic...
• laurence82

  4 Dec 06, 22:43

  what sort of money?
  
  futures on currencies, ok, but what the heck is futures on money?
  
  i am not exactly acquainted with futures, but MAS regulations on futures in Singapore is very strict...
  
  search for articles on Nick Leeson and Barings Bank, and you will know why
  
  
• spycampers

  5 Dec 06, 00:59

  my few cents worth of thought..
  if U have some spare cashs..
  and ur saving got more than 20 k.
  using 1k to invest in SC.
  
  wait for 8 months.
  if it a scam...
  u lost $1k.
  a expensive lesson.
  treat like u lost big on soccer.
  or have gone for a holiday.
  
  if not a scam...
  8 months later.
  take back the amount u invested...
  + bit of interested..
  after which is let the money rolling...
  
  the whole thing is..
  if u have the money..
  dun be greedy to invest ALL ur money..
  cause nobody here know whether it a scam or not..
  just invest in ur own means..
  the worst thing to do is loan money from ppl..
  and u cannot afford to pay them back if it crash..
  
  
• tick tickle ticklish

  5 Dec 06, 15:02

  Originally posted by spycampers:

  my few cents worth of thought..
  if U have some spare cashs..
  and ur saving got more than 20 k.
  using 1k to invest in SC.
  
  wait for 8 months.
  if it a scam...
  u lost $1k.
  a expensive lesson.
  treat like u lost big on soccer.
  or have gone for a holiday.
  
  if not a scam...
  8 months later.
  take back the amount u invested...
  + bit of interested..
  after which is let the money rolling...
  
  the whole thing is..
  if u have the money..
  dun be greedy to invest ALL ur money..
  cause nobody here know whether it a scam or not..
  just invest in ur own means..
  the worst thing to do is loan money from ppl..
  and u cannot afford to pay them back if it crash..
  
  

  hmm this doesn't sound like the conventional kind of futures to me.
  thanks for explaining it to me though.
  
  so which means that you have no idea what's going on with your money save on the expiry date itself, and that you have no idea how they are going to invest the money for you?
  
  is it stated in a clause somewhere that should the whole thing fail, you are not entitled to get your original investment back? not even a fraction of what is left?
  
  if so, how is one going to know if they've really lost the entire investment or if they made a profit and lied to you in order to gain higher profits for themselves?
  
  also what is the commission rate?
  
  am i asking too many questions? i hope not...
• spycampers

  5 Dec 06, 22:29

  Originally posted by tick tickle ticklish:

  hmm this doesn't sound like the conventional kind of futures to me.
  thanks for explaining it to me though.
  
  so which means that you have no idea what's going on with your money save on the expiry date itself, and that you have no idea how they are going to invest the money for you?
  
  is it stated in a clause somewhere that should the whole thing fail, you are not entitled to get your original investment back? not even a fraction of what is left?
  
  if so, how is one going to know if they've really lost the entire investment or if they made a profit and lied to you in order to gain higher profits for themselves?
  
  also what is the commission rate?
  
  am i asking too many questions? i hope not...

  not too much question to me..
  but most of them..
  i have to said i am not the right person to answer.. as i only know bit bit..
  they invest the money in
  dev- proj, forex, equity,hyi.. etc
  pls go here to see
  http://www.swisscash.biz/web/sff_sip.aspx
  
  as for the in depth detail on the investment.
  i know NUTS.
  
  anyway..
  as for the clause thing..
  none that i know off..
  
  but as i said.
  if it investment lose..
  treat like what i said about scam ba..
  treat u lost thick in soccer...
  or u have do some major overhaul for ur car.. etc..
  
  as for commission rate..
  i dun really understand ur question.
  as SC dun pay agent to do investment..
  but if u meant about the refering to ppl commission.
  it..
  
  u get 10% ($100) if someone u refer invest $1k.
  and after that every month get extra
  round 1% ($10) of his total investment ($1K)
  
  anyway.
  want to share with those in SC.
  I have delibrately try the function on
  swiss banking faclity-> Out-Going Money Transfer
  of
  $100 and $500 respectively to my DBS account .
  there a charges for fund transfer.
  a
  $31 and $81.15 dollars charge.
  
  WOW...
  kind of Ex...
  isn't it?
• NthDimensions

  13 Dec 06, 04:42

  Originally posted by laurence82:

  what sort of money?
  
  futures on currencies, ok, but what the heck is futures on money?
  
  i am not exactly acquainted with futures, but MAS regulations on futures in Singapore is very strict...
  
  search for articles on Nick Leeson and Barings Bank, and you will know why
  
  

  reeelax!
  it's just a creative way of saying it's a fixed deposit plan,
  cheers!
• laurence82

  13 Dec 06, 10:45

  Originally posted by NthDimensions:

  reeelax!
  it's just a creative way of saying it's a fixed deposit plan,
  cheers!

  chey
  
  
• mac_kfc

  20 Dec 06, 17:24

  Originally posted by laurence82:

  chey
  
  

  just asking swisscash spore still around?????????
• bangkokboy

  20 Dec 06, 17:52

  Originally posted by mac_kfc:

  just asking swisscash spore still around?????????

  Mmmh good question. Anyone with any latest info?
• NUS_Superst@r

  20 Dec 06, 18:25

  Originally posted by mac_kfc:

  just asking swisscash spore still around?????????

  Maybe a few cos I heard someone has been approached recently by a person promoting swisscash. But I think those swisscash people are now very careful cos their scam has been exposed and reported widely in the news.
• mac_kfc

  20 Dec 06, 18:30

  Originally posted by NUS_Superst@r:

  Maybe a few cos I heard someone has been approached recently by a person promoting swisscash. But I think those swisscash people are now very careful cos their scam has been exposed and reported widely in the news.

  okok... thankz.. if the scam is exposed.. then swiss cash ppl should be busying packing their bags and finding a place to hide....
• JulianW

  23 Dec 06, 00:35

  I wonder what's the big fuss about Swisscash and Esuissefund paying "too much money".
  
  Just to learn how to trade Forex, and the skeptics will realise that Forex alone can generate very conservatively 85-200% profit per month.
  
  Btw, I've been in Swisscash 7 months already. My $7k is also safe. In fact, withdrawn more than that.
  
  Now I'm doubling my money through forex (which ain't difficult or dangerous like some ding dongs say it is- provided you know the right methods).
  
  Cheers to information, boo to naivete.
• mhcampboy

  23 Dec 06, 00:43

  Originally posted by JulianW:

  I wonder what's the big fuss about Swisscash and Esuissefund paying "too much money".
  
  Just to learn how to trade Forex, and the skeptics will realise that Forex alone can generate very conservatively 85-200% profit per month.
  
  Btw, I've been in Swisscash 7 months already. My $7k is also safe. In fact, withdrawn more than that.
  
  Now I'm doubling my money through forex (which ain't difficult or dangerous like some ding dongs say it is- provided you know the right methods).
  
  Cheers to information, boo to naivete.

  woooo!!
• laurence82

  23 Dec 06, 01:00

  Originally posted by JulianW:

  I wonder what's the big fuss about Swisscash and Esuissefund paying "too much money".
  
  Just to learn how to trade Forex, and the skeptics will realise that Forex alone can generate very conservatively 85-200% profit per month.
  
  Btw, I've been in Swisscash 7 months already. My $7k is also safe. In fact, withdrawn more than that.
  
  Now I'm doubling my money through forex (which ain't difficult or dangerous like some ding dongs say it is- provided you know the right methods).
  
  Cheers to information, boo to naivete.

  So it is about forex?
  
  Cool
  
  
• bangkokboy

  23 Dec 06, 12:16

  Originally posted by JulianW:

  I wonder what's the big fuss about Swisscash and Esuissefund paying "too much money".
  
  Just to learn how to trade Forex, and the skeptics will realise that Forex alone can generate very conservatively 85-200% profit per month.
  
  Btw, I've been in Swisscash 7 months already. My $7k is also safe. In fact, withdrawn more than that.
  
  Now I'm doubling my money through forex (which ain't difficult or dangerous like some ding dongs say it is- provided you know the right methods).
  
  Cheers to information, boo to naivete.

  Next thing you will be saying is to emulate Bill Gates and you can easily become a billionaire...
  
  Forex is recognised legally. And have you ever heard of Ponzi schemes?
• spycampers

  24 Dec 06, 11:45

  Originally posted by mac_kfc:

  okok... thankz.. if the scam is exposed.. then swiss cash ppl should be busying packing their bags and finding a place to hide....

  what the need to pack bag and find place to hide?
  run from wat?
  hide from wat??
  
  
• nwm

  25 Jan 07, 15:20

  Free Publicity:
  http://www.todayonline.com/articles/167644.asp
  
  what a downer for the industry SwissCash "pretends" to be a part of.
  its due time these guys got put behind bars for masquerading as legit mlm.
  
  but on the whole its great for network marketing, because that means one less rotten egg to contend with!!!
  
• mhcampboy

  25 Jan 07, 15:32

  Originally posted by nwm:

  Free Publicity:
  http://www.todayonline.com/articles/167644.asp
  
  what a downer for the industry yet again.

  it has always been a downer...
• laurence82

  25 Jan 07, 16:55

  hmm where are those swisscash agents now?
  
  as early as last october, warning bells have already been rung
  
  

  In Malaysia, about 40 investors are believed to have fallen prey to the scam. According to reports, eight men are helping police in their investigations into alleged cheating of about RM20 million ($8.7 million) through the Swiss Cash fund, in October last year. The Swiss Embassy and Central Bank in Malaysia have both issued warnings to investors about the scheme.

  and for those who invested in schemes/projects/investments not regulated by MAS, another warning bell
  
  

  The Monetary Authority of Singapore (MAS) has confirmed that Swiss Cash or Swiss Mutual Fund is included in the MAS' Investor Alert List (IAL). This is a list of companies or individuals that may be conducting activities not regulated by the MAS.
  .
  The list can be found at www.moneysense.gov.sg/check_our_list/Consumer_Portal_IAL.html.
  .
  By giving Singaporean investors the false impression that they are operating in Singapore or by sometimes using names similar to entities regulated by the MAS, these companies are able to attract Singapore consumers, the MAS' website said.
  .
  Consumers who deal with firms that are not regulated by the MAS will not get recourse to compensation if they lose money on their investments, the central bank said.
  
  It added that the promotion of the fund seems to work via agents on a multi-level marketing or MLM system, which appears to closely resemble a pyramid scheme.
  

• the_fallen

  26 Jan 07, 19:00

  is there anyone who is still involved in this swiss cash?
  
  although it's a publicly listed scam already, but i'm kind of curious of it.
  
  can anyone bring me to their office to take a look?
  
  or do they don't have office?