Suspicion that Sunshine Empire is a Scam.
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Dear all,
I suspect that Sunshine Empire is a Scam base on the "evidence" I collected so far.
But before I carry on, I would like that I would like to remind those that have invested in the company that it is a PTE LTD company. For the uninformed, please read up the liability somewhere in regards to it.
Note: As far as I know it, you will not get back your money if a PTE LTD company goes bankcrupt.
I would start with Sunshine Empire.
Disclaimer: I had not attend any meetings so far by the company. All "evidence: collected so far are internet based. Would like to clarify if possible with any insider. Do PM me.
So here goes.
For those that have the presentations. Please look at the one that shows the 3 taiwan documents in regards to the project. Note. I read the documents. IT only start that the company applied for the project. Not a successful bid like SE claims.
emace.net, emtaipei.net, emtaichung.net is all registered under sg. If it's a taiwan based company why is it all registered in singapore?
There no transfer of products in SE. This may go against the MLM Act (Chap 190) of Singapore law. I am looking more into it.
Rumors have it that the director James Phang had done a similar act to closed down a MLM company and started this.
All the "projects" that are "boast" by SE have no concretes supporting documts for claims.
Intending investor please think through the above point before making any decision in joining this company.
I am still looking for more "evidence" to present or even taking alternative options if the company is really a scam as I percieved. -
cont in existing thread.
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From MTI website in regards to MLM.
2. How do I recognise a pyramid selling scheme?
Many pyramid schemes often disguise themselves as sellers collectors' items, software, training programmes, etc, when all they are interested is to make a quick buck through recruitment. Members of the public who attend sales talks must be vigilant to such schemes. Illegitimate MLM schemes usually share the following characteristics:
* When the promoter hype about how easy it is to earn money, people can get very rich in a very short time and that the way to earn money is by recruiting others to join the scheme;
* The so-called product that you are supposed to sell is not something you would normally buy at its price;
* Participants are required to invest money into the scheme, whether in the form of a joining fee, or buying inventory.
Remember - there is no easy money, you must believe in what you are selling and you should not put your money at unnecessary risk.
4. Why is there a need to have an Exclusion Order?
Not all multi-level marketing techniques are undesirable. There are legitimate businesses using innovative sales tactics, and should not be lumped together with pyramid schemes.
Hence, the Government enacted the Multi-Level Marketing and Pyramid Selling (Excluded Schemes and Arrangements) Order (hereafter, referred to as the 'Exclusion Order') in June 2000, to exempt legitimate businesses from the Act. The following categories of businesses were exempted:
(1) Insurance businesses that are registered, approved or licensed under the Insurance Act, the Insurance Intermediaries Act 1999 and the regulations made thereunder;
(2) Master franchise schemes and direct selling schemes which satisfy the following conditions:
* the benefit received by any promoter or participant is as a result of the sale, lease, license or other distribution of a commodity and not as a result of the recruitment of additional participants;
* the promoter of the scheme shall not knowingly make false or misleading representation or omission relating to the scheme or the commodity;
* the promoter shall not make any representation on the benefits other than those allowed;
* there should be a clearly stated policy on refund or buy-back guarantee.
After the Exclusion Order was enacted in 2000, the Government received feedback that the provisions in the Exclusion Order were not sufficiently clear. Some members of the public were also confused by claims of legitimacy by companies and often requested for the Government to clarify if particular schemes were legitimate.
In response to the feedback, the Government reviewed the Exclusion Order, and subsequently amended the Order in 2001. -
No finanical report means no way to show profit and loss
Anyway revenue is not profit. -
No Deal @ Malacca Site.
No application for Klebang theme park Dated 14-09-07
CM works to solve land dispute Dated 16-09-07
Both Articles are from the Star. -
Originally posted by redstone:
[b]
The Investor Alert List
From time to time, MAS receives information on persons who are possibly conducting activities regulated by MAS without authorisation. These persons may target Singapore consumers, or overseas consumers by giving them the false impression that they are operating in Singapore. Some of these unregulated persons may sometimes use names similar to that of entities regulated by MAS.
Consumers should exercise care when dealing with these persons. Overseas consumers who receive solicitations by persons who claim to have an operation in Singapore should also exercise care and check if they are in fact dealing with persons who are regulated by MAS.
Below is a list of persons, on whom MAS has received information, who are not authorised by MAS in respect of the carrying on of regulated activities. The list is not exhaustive and will be updated.
Sunshine Empire Pte Ltd ["SE"]
Blk 490 #07-10
Lorong 6 Toa Payoh
Singapore 310490
Tel: 6411 4650
Fax: 6411 4654
Website: www.sunshine-empire.com
Swiss Cash/Swiss Mutual Fund
280 Madison Avenue
912-9th Floor, New York
NY 10016, USA
PO Box 2343
Roseau
The Commonwealth of Dominica
Tel: +1 212 386 5570
Fax: +1 212 386 5573
Email: [email protected]
Websites: www.Swisscash.biz
www.swissfund.biz
http://www.dreamkaya.myswisscash.com/
http://www.myswisscash.com/[/b] -
no need check lah... use KIDNEY to think also know its a scam....
God haf mercy on their souls.........
=P
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I saw someone promoting Sunshine Empire afew days ago at sgforums.
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For every MLM slave promoting their company, there are 10 people there to shoot it down in 30 different ways.Originally posted by Darkness_hacker99:I saw someone promoting Sunshine Empire afew days ago at sgforums.
I don't see ppl just registering to promote something so viciously, other than here. -
advertisers will face the wrath of the admin and mod
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And face the wrath of anti mlm ppl.Originally posted by laurence82:advertisers will face the wrath of the admin and mod
Speaking of which, I don't see any mods doing action here. SO many advertisers. -
the mod do delete the advertismentsOriginally posted by redstone:And face the wrath of anti mlm ppl.
Speaking of which, I don't see any mods doing action here. SO many advertisers.
if you see any that is not deleted, go private message FireIce -
is there any news regarding their operation in hong kong?
or it is just another bluff to lure more investors? -
I'm trying to ask some KL people on the status of their so called "empire state tower" slavehouse office.Originally posted by enquiries:is there any news regarding their operation in hong kong?
or it is just another bluff to lure more investors? -
it just stupid presentation, nothing more than thatOriginally posted by redstone:I'm trying to ask some KL people on the status of their so called "empire state tower" slavehouse office.
the most funny thing is Empire Property Venture dosen't have any corporate phone number
http://www.empirepropertyventure.com/contact.html -
No! Its not a scam! This is what my manager told me. So pls stop all these if you have no proof or evidence. Thank you.
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You are a Sunshine Empire investor and your Sunshine Empire manager told you it is not a scam... hmmmm... that is interesting....
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so does every father mother MLM company's managers
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I am not a robber, just hand over your wallet willingly and you'll be safe. ~Originally posted by KitKen:No! Its not a scam! This is what my manager told me. So pls stop all these if you have no proof or evidence. Thank you. -
Are you sure? If he is a MANAGER, ... manager wor... he is somebody wor... he is not the clerk wor..., he is the MANAGER... if you cannot trust what the manager says than whom can you trusts?Originally posted by laurence82:so does every father mother MLM company's managers -
trust LHL because he is the PRIME MINISTER.... PM wor... when he says that the GST increase is for helping the poor? HAHAHAHAHAHAHAHAHA!
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And his Father is the great and almighty MM LKY!!!!Originally posted by AndrewPKYap:trust LHL because he is the PRIME MINISTER.... PM wor... when he says that the GST increase is for helping the poor? HAHAHAHAHAHAHAHAHA!
All who hears his name fall on their knees and bow!!!!
hahaha. -
You mean he is the Prime Manager.Originally posted by AndrewPKYap:trust LHL because he is the PRIME MINISTER.... PM wor... when he says that the GST increase is for helping the poor? HAHAHAHAHAHAHAHAHA!
If you can't trust the Prime Manager, who can you trust? -
Yourself...Originally posted by Phaze:You mean he is the Prime Manager.
If you can't trust the Prime Manager, who can you trust? but only after you buy and read and realize my book... 