DANGER!! Sunshine pulling funds out of SINGAPORE!!
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Originally posted by AlessandroTan:EGA leaders will receive recognition awards in the "Global Business Opportunities Forum 2007" and "Asia-Pacific Chinese Entrepreneurial Leaders Forum 2007" which will be held from 12 Nov to 15 Nov 2007.
Singapore Prime Minister, Mr. Lee Hsien Loong would be the Guest-of-Honour for the Opening Ceremony for the event.
source : http://www.sunshine-empire-holdings.com/blog/
Singapore Prime Minister, Mr. Lee Hsien Loong would be the Guest-of-Honour
He got anything to do with this company or not? The company has any political connections or not?
I would like to invite
Singapore Prime Minister, Mr. Lee Hsien Loong to be the Guest-of-Honour
for the opening of my Casino Gambling Prevention campaign, you think he will come or not?
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Absolutely none.Originally posted by AndrewPKYap:He got anything to do with this company or not? The company has any political connections or not? -
Originally posted by AndrewPKYap:
now become a private party?
[b]
Singapore Prime Minister, Mr. Lee Hsien Loong would be the Guest-of-Honour
He got anything to do with this company or not? The company has any political connections or not?
I would like to invite
Singapore Prime Minister, Mr. Lee Hsien Loong to be the Guest-of-Honour
for the opening of my Casino Gambling Prevention campaign, you think he will come or not? [/b]
http://mysunshine-empire.blogspot.com/ -
so it appeared in Straits Time on 2nd Nov 2007 before?Originally posted by AlessandroTan:u mean se appear in 2day st again???
or was it just the 3rd Nov 2007 only which is on page 4? -
read this about someone's case agaist EGA//Originally posted by pierre2084:in reference to the the website of Sunshine Empire http://www.sunshine-empire.com/ .. under the section Ewallet Withdrawal. It states there that
"Dear Our Valued Merchants (for Singapore),
We are in the midst of switching bank services to a global bank in order to serve everyone on a global level, all e-wallet withdrawal to bank accounts for the month of October will take 14 working days instead of the usual 7 working days to process your withdrawal.
Apologies for any inconveniences caused."
according to some informal insider information from bank directors in Singapore, It seems that local singapore banks are trying to cut all ties with Sunshine. This strategy is exactly how the triads money launder by opening an account wif the swiss bank which funds and information are undetectable. Since the funds will be pulled out of Singapore and Singaporean banks, its very obvious that the scam is coming to an end and the contingency plan is to pull all funds out of the country.
Good luck to all merchants of Sunshine.. Sun is setting down soon.. hahaha
www.lionsault.com/The%20case%20against%20Empire%20Group%20Alliance%20edited.doc -
3rd Nov Page 4.Originally posted by the_fallen:so it appeared in Straits Time on 2nd Nov 2007 before?
or was it just the 3rd Nov 2007 only which is on page 4?
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thanksOriginally posted by ^tamago^:3rd Nov Page 4.
i went downstairs to purchase a copy of Straits Time immediately upon reading Laurence saying it's 3ed Nov.
Are there any other newspapers articles which I missed out since I'm still inside Tekong for the time being. -
can any1 post the third nov st link on sunshine empire???
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robbed a bank?? how did you do that hahaOriginally posted by Agenda:hi. my name is lim kok pee. i am 40 years old this year. I just robbed a bank and now i'm a millionaire.
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Awards for two MLM-linked businessmen under reviewOriginally posted by AlessandroTan:can any1 post the third nov st link on sunshine empire???
Global event's organisers are reconsidering their choice on learning that firm faces investigations
Lorna Tan, Finance Correspondent
November 3, 2007
A DECISION to give business awards to two men linked to a controversial multi-level marketing (MLM) firm is now under review.
The awards are due to be handed out during this month's Global Entrepolis event, a huge international business networking event hosted by Singapore.
The firm in question, Sunshine Empire, has been placed on investor alert lists by the authorities in both Singapore and Malaysia as a result of concerns over its business practices. It is also being investigated by the Commercial Affairs Department.
This has prompted organisers of the Global Business Opportunities Forum, part of Global Entrepolis, to review the decision to grant the awards.
Mr James Phang, the man behind Sunshine, was due to receive an Outstanding & Innovative Global Entrepreneur award on Nov 13.
Mr Phang is the founder and international president of Empire Group Alliance (EGA), of which Sunshine is an associate firm.
Mr Ignious Yong, the managing director of Mr Phang's telecommunications arm Empire Communications, was due to get a Most Potential Enterprise award on the same day.
The MLM firm has attracted the attention of the authorities because its activities appear to be like a pure investment scheme - but it is not licensed for such operations.
Last month, EGA was informed by forum organiser Business Ventures of the award winners.
The Straits Times learned about the awards in a blog posting on the Sunshine website. The announcement was posted on Tuesday under the heading 'EGA Leaders to receive GBO Awards from PM Lee'.
When contacted, Global Business Opportunities' founder Winnie Wang said the organisers have had second thoughts about the winners after reading reports on Sunshine in The Straits Times on Oct 24.
'We are shocked by the newspaper reports on Sunshine and are reviewing the winners of the two awards. We are convening a meeting next week to make a final decision,' she said.
A third award category - the Outstanding & Leading Global Technological Awards - which has four winners this year, is unaffected.
Ms Wang said the awards would be given out by Global Business Opportunities' overseas and local chairmen and not by Prime Minister Lee Hsien Loong, as stated in the Sunshine blog.
According to Ms Wang, Sunshine claimed that the blog was not posted by its management. The blog has since been removed.
lorna@sph.com.sg
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Second thoughts
Mr James Phang
The adviser to Sunshine Empire was due to receive an Outstanding & Innovative Global Entrepreneur Award.
Mr Ignious Yong
The managing director of Mr Phang's telecommunications arm, Empire Communications, was due to get a Most Potential Enterprise Award.
Copyright, 2007, Singapore Press Holdings Limited
http://sgforums.com/?action=thread_display&thread_id=276414&page=15
look for post at 4.52pm -
When you get the likes of Steven Lim investing in SE, no wonder it flourished.Originally posted by darkensun:lol steven lim from sunshine also...
Extract from stevenlim.net
Dear Newspersons, please kindly don't listen to rumours..Me n my friends are all happily getting money from Sunshine every month since Nov last year..I can prove it n i swear upon it..The company is doing very very fine internationally n expanding swiftly, even getting 1/3 ISP licences in Combodia! To really know how it works n wat it gives, being just a bystander simply wun benefit n forever wun understand. Thank you.. Looking for a girlfriend, no matter you are black, white or orange. As long you r pretty, nice, faithful n gorgeous & gorgeous. Dun hesitate to adopt me. Application to be my girlfriend/stead now open! Whilst stock last! Call/ sms +(65)93857300 to apply now. You may be the next Cinderella! Tell all your friends about it! (see below videos for more info) -
CAD should make use of this chance with Sunshine to Clear out ALL MLM from Singapore. Arrest every MLM leaders that scams the public!
Just look around this sad MLM forum, Nearly every thread about nearly every MLM company ends in a "Help, I got scam" or "its looks like scam" call.
MLM itself is a problem. It only serve the interest of a very small minority.
CAD should stop all scams.
First get sunshine, next every MLM in existence.
These pages will explain more:
What's Wrong With Multi-Level Marketing
http://www.vandruff.com/mlm.html
What's Wrong With MLM--FAQs
http://www.vandruff.com/mlm_FAQ.html
The Zero Sum Theory
MLMer Tom "Big Al" Schreiter on MLM
http://www.mlmcentral.com/library/zerosum.html
MLM Watch: A Skeptical Guide to Multilevel Marketing
http://www.mlmwatch.org/
The Network Marketing Game
Dr. Jon Taylor, who did the
Network Marketing Payout Distribution Study
http://whatisgood.com/nwm/
Worldwide Scam
http://www.worldwidescam.com/
MLM or Pyramid Scheme?
http://factsource.com/srmlm.html
Cagey Consumer
MLM and Financial Scams Exposed
http://www.geocities.com/WallStreet/5395/consumer.html
False Profits Analysis of Network and Multi-Level Marketing (MLM)
http://www.falseprofits.com/
How do MLMs manage to recruit and retain enthusiastic distributors, even when those distributors lose money year after year? A close examination of the mind control systems of cults reveals disturbing similarities between MLMs and cults.
This web site supplies a generic checklist for identifying cults:
http://www.csj.org/infoserv_cult101/checklis.htm -
strange guy ... pity him trying all ways to be famousOriginally posted by LupinTan:When you get the likes of Steven Lim investing in SE, no wonder it flourished. -
Wow, god must be protecting me from above, recently my friend kept nudging me to join the whole MLM practice and it was with sunshine empire.
I kept delaying the thing coz i dun feel comfortable with it. Lucky today i surf SGF and the thread was featured in frontpage. -
Haha... Hail Princess Lorna!
The press against papa cyclops!
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MLM man linked to abandoned Indonesian club project
1,000 people lost $2m in the project that was called off just before it opened
Straits Times, The (Singapore)
Prime News
November 7, 2007
Author: Lorna Tan, Finance Correspondent
MR JAMES Phang, the man behind controversial multi-level marketing (MLM) firm Sunshine Empire, is linked to a failed investment scheme that resulted in 1,000 Singaporeans losing about $2 million in total.
About six years ago, these investors had paid up to $3,800 each to become members of an Indonesian country club, PT Magic Kingdom Island Resort Paradise.
Mr Phang's firm NOP (Number One Product) was the marketing agent for the club, which was never built.
The resort was to have been developed on a 200-ha piece of land in Rempang, which is linked to Batam by bridge, and promised a hotel, chalets, a golf course and even a 1,000-sq-m shopping mall.
Some investors had paid the club membership fees via monthly instalments of $300.
The resort was set to open in July 2003, but the project was called off in May 2003.
It is believed that the investors never received any refund on their investments.
Mr Phang is adviser to Sunshine and founder of Empire Group Alliance, of which Sunshine is an associate.
Recently, Sunshine made headlines after it was placed on an investor alert list by authorities, both here and in Malaysia, as a result of concerns over its business practices.
In response to queries from The Straits Times, Mr Phang confirmed that NOP was marketing memberships of Magic Kingdom around 2001. He said NOP is now inactive.
Mr Phang said he knows many investors believe he is the 'dishonest businessman' behind the project. But he begged to differ.
'I'm a victim of the failed project too. I was the one who reported to the police when the project was abandoned...I collected over $1 million from investors but I lost more than $6 million. I was in debt because of this project but I've paid up almost all of the debt.'
He said the debt included paying off NOP's tax and banks' credit facilities.
Mr Phang said that his younger brother was the chief executive of the project, but declined to elaborate.
He said he never hid the information that he owns NOP. 'I'm not in the wrong and I'm not scared. I stand upright.'
In a letter in 2004 to the 1,000 investors, PT Magic Kingdom blamed the Sept 11, 2001 terror attacks on the United States, the Bali bombings in 2002, the Iraq war and Sars for the project's failure.
Only $16,931 was left in its coffers, it stated.
When contacted, the Consumers Association of Singapore (Case) said it had received seven complaints on the failed project. In January 2004, Case met NOP representatives, who said they could not refund investors as it had suffered big losses in the project.
Investors were advised by Case to file their claims in Indonesia, where Magic Kingdom was incorporated. Some investors also filed complaints with the Commercial Affairs Department (CAD). The police were unable to respond to queries on its probe into PT Magic Kingdom by press time.
On Oct 24, The Straits Times cited sources as saying that Sunshine was being investigated by the CAD.
Sunshine has attracted the attention of the authorities as its activities appear to be like a pure investment scheme - but it is not licensed for such operations.
Incidentally, Mr Phang has recently claimed that Empire Group Alliance's property arm is involved in building a marine theme park, called The Magic Kingdom, in Malaysia.
lorna@sph.com.sg
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'I LOST MONEY TOO'
'I'm not in the wrong and I'm not scared. I stand upright.' MR JAMES PHANG, whose firm NOP (Number One Product) marketed a failed investment scheme that led to 1,000 Singaporeans losing about $2 million in total. He said he lost over $6 million himself because of the project and never hid the information that he owns NOP. -
I suspect the corrupt PAP is helping SunShine Empire to reallocate funds in return for a share in the monies.
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lol they have assets more than that ok. they dont need sunshine. our taxes or CPF will do it lol. actually PAP so bad ah jking aside.
any new update ah. any1 been to the company and see massive amount of ppl drawing funds and hor, that sunday conference in suntec, no updates or they go there sing, oh our holy "father" bless us with an ever increasing returns and cleans us of the negative news.