Swisscash, beware
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WTF.... He's behind SC?Originally posted by phangsai:Yes he is actually the mastermind behind SC - but he had said previously he does not want to be too prominent so he let one of his lackeys take over the reins.
A few months later that guy is very rich and also MIA I believe...
So what's with the registering in Dominca? And why isnt the Great Phang caught yet?
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This is so STUPID!!!!...
Look at the archived page of Swiss Mutual Fund..
http://web.archive.org/web/20051216070033/http://swissmutualfund.biz/gettingstarted.asp
Right at the bottom..... it wrote:-
Account Requirements
Dominica is a first class international financial center with history. New laws requiring all financial service providers operating from this jurisdiction were introduced in 1998, creating a minimum standard for customer interface.
To protect the integrity of the jurisdiction, Dominica has legislated Know Your Customer regulations, which require Swiss to retain (in complete confidentiality) information on individuals and institutions operating through it. These requirements are as follows:
First two pages of the passport of the account holder or beneficial owner of the account. Scanned copy of your utility bill that bears your latest home address and your name on it that is similar to the one shown on your passport Should you want to use your Credit Card in future transactions, a scan copy of both front and back side of your Credit Card.
They are more likely to steal your identity and make purchases online! -
You could sense the desperation in many Swisscash people towards the end....
http://swisscash.wordpress.com/swiss-mutual-fund-1948-sa/ -
JP in Empiredreams was the International President, same as in the Sunshine Empire saga.Originally posted by redstone:So the Father is also behind a multi million worldwide Swiss Cash scam?
Both Albert Lee and Kelvin Choo, who operated under JP in Empiredreams, also operated Swisscash.
The Swisscash court case did not mention JP.
So I am not sure if JP is involved. -
From my eaves dropping session @ TPH hub....the SEA did mentioned JP did not related to SC but JP's "partners".Originally posted by abductboy:JP in Empiredreams was the International President, same as in the Sunshine Empire saga.
Both Albert Lee and Kelvin Choo, who operated under JP in Empiredreams, also operated Swisscash.
The Swisscash court case did not mention JP.
So I am not sure if JP is involved.
Btw, SC had an office in wall street, one of the SC CSI found out that the office was indeed a virtual office, rented for correspondences and for show.
And also there are quite a few other non-related to each others companies shared the same addy as well. -
How do the Slaves psycho them to join SE? Or do they also defend SC as well?Originally posted by kyoshirou77:From my eaves dropping session @ TPH hub....the SEA did mentioned JP did not related to SC but JP's "partners".
Btw, SC had an office in wall street, one of the SC CSI found out that the office was indeed a virtual office, rented for correspondences and for show.
And also there are quite a few other non-related to each others companies shared the same addy as well.
All so wayang.... partner, simi president, advisor, merchant, cult, father, etc... -
JP was their advisor and he would have a stake in the profits, just that not being a director, he is free from conviction.
Last I heard was that he assigned his right hand man BB to the task and run this SC with his advice.
Hence when brought to court he not involved (on black and white) at all. -
Quoted from the website above, "first this big liar BB Ng, his real name is Ng Choon Beng, his IC is S7305335H, his house is at 91, Zion Road
#14 -175, Singapore 160091"
BB as I recall is a man who only loves to play money games back then in NTI, I have seen him before and he deserves his reputation. He cares nothing about morals, and made a lot of money during the NOP days but lost it all - and all his downlines left him as he was an unscrupulous leader, given his false promises and 'money only' attitude.
He is actually the perfect person to run SC. -
What a sly move.... But if it can be proven beyond doubt Phang had a huge say in how the cult... oops i mean company was run, I believe he might be prosecuted too? Like Matilda Chua from NKF.Originally posted by phangsai:JP was their advisor and he would have a stake in the profits, just that not being a director, he is free from conviction.
Last I heard was that he assigned his right hand man BB to the task and run this SC with his advice.
Hence when brought to court he not involved (on black and white) at all. -
better review of swisscash
http://worldofintegratedresorts.blogspot.com/ -
More news from Newpaper...
SwissCash victim conned by Merc-driving associate
By Alvin Chiang
January 20, 2008
Good friends lose $42,000 to alleged fund scam
THE promised returns sounded too good to be true.
Invest in this fund and get back three times the investment in just 14 months.
That's what Mr C S Chew was told by a business associate.
So the 34-year-old assistant sales manager put in almost $13,000 in the Swiss Mutual Fund and was promised monthly payouts between 15 and 25 per cent.
But all he got back was $2,750.
Also known as SwissCash, it is an alleged scam in Malaysia and China.
Mr Chew is not the only victim.
He got his friend, Mr H K Chen, who is in his 40s, to also invest in the fund.
Mr Chen, who owns an assembly line business, didn't get back a cent from his wife's $31,500 investment.
Said Mr Chew: 'I feel guilty having introduced them to it.'
The two men have known each other for eight years.
Mr Chew found out about SwissCash from a business associate, known as Anthony, whom he has been friends with for about five years. He also introduced Anthony to Mr Chen's wife.
Said Mr Chew: 'I believed Anthony as he said he had invested in the fund for two years. He assured me the fund was stable and the returns are guaranteed.
'Also, Anthony looked like he was successful. He dressed well and drove a Mercedes Benz.
'He told me that over $1 million was placed in the fund through him by various people.'
PROMISED RETURNS
Mr Chew began with a first deposit of $1,648 in March last year, with promised returns of 15 per cent a month.
In April, Anthony told him the returns would go up to 25 per cent, but only if he put in more money.
So Mr Chew invested another $11,146.
However, he suspected something was amiss when the SwissCash website was no longer accessible in mid-August.
When asked, Anthony told Mr Chew to wait for a few days as the server was down.
Then, the monthly payouts stopped and Anthony gave Mr Chew one excuse after another.
Mr Chew filed a police report in October.
Last month, The New Paper reported that music teacher G Joseph, 59, lost about $1,500 after putting US$2,000 ($2,700) into SwissCash.
In 2006, two Malaysian datuks and six others were placed in remand by Malaysian authorities. They helped in investigations into SwissCash, reported The Business Times.
In China, police found that 170,000 people had placed 1.36 billion yuan ($268 million) with SwissCash, Xinhua news agency reported.
More than 3,300 organisers and core members were arrested in 14 provinces and cities last year.
Two men were charged. -
You attended the court trial?Originally posted by abductboy:JP in Empiredreams was the International President, same as in the Sunshine Empire saga.
Both Albert Lee and Kelvin Choo, who operated under JP in Empiredreams, also operated Swisscash.
The Swisscash court case did not mention JP.
So I am not sure if JP is involved.
Where did this piece of information come from?
Is it reliable?
Got any website or articles to refer to for reference? -
That's why I'm pretty much ANTI this company eversince I got scammed by them and learnt how to tackle them the hard way.Originally posted by redstone:What a sly move.... But if it can be proven beyond doubt Phang had a huge say in how the cult... oops i mean company was run, I believe he might be prosecuted too? Like Matilda Chua from NKF.
But since as a NSF currently, I can't really help much but to offer advice from what I know, since I went through most of their hard-core training directly from the man himself.
Now the lessons from what I observed (Didn't counter-check nor cross-reference; so this is only my own opinion.) He is just the person sitting behind the screens giving instructions and not doing most of the teaching since he got so many downlines Asian Wide already.
Note: I could be wrong, since a SMART CONMAN knows how to hold, capture, trick the masses into believing what he's doing is right.
Not to brag about what I know, just that from cross-referencing with various sources from different companies and even victims earlier, I have come out with a list of factors and understanding of how this TRUE CONMAN works.
Disclaimer: I'm not as smart as him, but at the least, I can tackle them as in preventive measures.
I'll keep my fingers cross though.
=X