Why Join Internet Investment Schemes
The Internet investment schemes activities have brought attention to Malaysian government. The Securities Commission and Bank Negara Malaysia made a press release to caution public against Internet investment schemes and listing the known companies and websites which are not authorized nor approved to deal in securities.
One of the Internet Investment Scheme (or “get rich quick scheme”) that I know is Swiss Cash(Swiss Mutual Fund), and it is in the unauthorized list too. It is very popular in my hometown and among my friends. Everyone is talking about it and approaches everyone to join them.
The scheme claims 300% return investment in 15 months and you do not need to do anything! That is very attractive to anyone. But, how truth is it? Quote from my unit trust fund agent, “if they are so good in investment, the government should hire them to help in country’s economic!”
So, why people still joining and putting money into unauthorized Internet investment schemes? You think they do not know it is illegal? Wrong, they knew it.
People are greedy. They are willing to take the risk of loosing smaller money for a bigger reward, same as gambling. The activity is legal or not is not their concern, they only care about the chances to make more money.
One of my friend’s father is member of SwissCash. My friend told the news and alerted her dad about the illegal status of the investment scheme. But her father ignored her advices and continued putting more money into it. My friend gave up to advise her father anymore. She only hopes that her dad would not burn his fingers later.
I have another college friend was also playing Internet investment schemes two or three years ago. He made a few hundred bucks per month. But, one day the whole Internet investment company and website disappeared in the space. My friend never talks about Internet investment scheme anymore.
After illegal online investment companies collected enough money from their members, they would grab the money and disappear. Their members lost all the money holding by the company.
Advice: If you are joining any unauthorized investment schemes, please withdraw before it’s too late.
More information: Securities Commission, Malaysia
Read also: Internet Investment Scheme Banned By National Fatwa Council at Sabahan.com
Update: “The Malaysian Communications and Multimedia Commission (MCMC) will provide the expertise to help the police and Bank Negara track down organisers of illegal Internet investment schemes.” Read…
i am a victim of 12dailypro and studiotraffic, after that tragedy i never look back at such programme….
Excuse to mention “HER” :-)
Beware of such scheme, although I haven’t join 1 yet.
I’ve wrote something regarding one of companies which is listed in the alert list provided by SC, Malaysia.
http://xiaoyenzi.blogspot.com/2007/04/bhg-corp.html
few of my friend intro me buyebarrel 1 month ago,they told me from US, but i have check the domain whois, it is register from s’pore. lucky i didn join that 1, now burst already.
suprisingly, bank negara cames second in google, if u search swiss cash and the third smth about the scam..
Hi!
I’m a member of SwissCash and very impressed with their results and use of technology. So for me, SwissCash looks very good, but I’m careful when recommending to others due to the simple fact that SwissCash isn’t transparent. A simple rule to ALWAYS follow, only invest what you can afford to lose!
In the other investments I will have listen on my site (when it launches around 5th of Mai) I have communicated with people in the company, or at least seen documentation on who they are. Also the people involved in Advisory Board etc. And in some cases I’ve spoken with them directly or I know them.
I’m not here to argue that SwissCash is the real deal; I have no way of proving that. But what I will say is that I’ve been in contact with countless investors from various countries, and never heard a single complaint. Every one of them had their money delivered on time.
In regards to companies “black listed†with negative press, I can only say that I know for a fact that this also happens to business running in complete accordance to the law. Many are afraid of the “unknown†and it doesn’t help that 99% of online investments like SwissCash could be a scam in one or the other way. But if running of with the money was the single purpose, SwissCash could have done so more than a year ago…
I know the results delivered by SwissCash seem too good to be true, but that alone is not proof of a scam. I am in other companies, which I know to be legit (and are much more transparent than SC) that have achieved amazing results compared to what is conventional, or accessible to the general public. That does not mean SC is legit. I consider SwissCash a high-risk investment, and I treat it like one.
I suggest you study, have a look and make up your own mind. If you can follow the most important rule of only investing what you can comfortably afford to lose, you’re on the right path. Your money is your responsibility and you alone are responsible of how you’re using them. And you’re also the one taking the consequences of an eventual loss. So make sure you listen to others and gather information, but the bottom line is, make up your own mind ad only invest if you feel comfortable with your investment!
I can’t say I’m in support of those wholeheartedly defending SwissCash and saying it’s the best investment ever. And I’m not supporting those that tell you that you should invest with SwissCash. But more relevant here, I’m not in support of those calling it a scam without real evidence to support their case…
Audun
Bear think greed and gulibility is taking prime. People must think of worth and value an operation generated while delivering benefit to others as viable business.
Only the lazy and greedy will sit around do nothing and earn large some of cash.
Even ah long will spare their muscle to whip and bash ppl who owe them $$$. It is hard work.
Think with reason and be reasonable. Try to earn a decent living not scheme for a living.
t.k.
bear
I just had to comment on the last comment from Mr Bear. Because it’s so representative of what I so often see, people passing judgement not knowing what they pass judgment over. Well maybe I’m doing the same (it seems to be human nature), as I don’t know for sure whom Mr Bear is addressing. But I have a feeling he’s addressing someone or some institution that he has little knowledge off. Which brings me to my point, opinions are easy to have, and everybody are entitled to have them, but that doesn’t make them right, maybe except in their own mind, and I guess that’s okay…
Be open and accept other people’s actions as long as they aren’t bothering you with them, or harming anyone. If someone asks you to join him or her, feel free to say no, but please don’t pass judgment over people you don’t know. I don’t know you, so I will not speak badly about you or insinuate what you stand for. I have no basis to so and little interest of getting into conflict. I will not tell you’re scheming your way through life, not earning a decent living or not contributing to society. But I wonder who you’re addressing in such a manner and why? Sorry for asking, but don’t we have enough conflict in the world already?
I also have to admit that I agree with Mr Bear, as long as he makes a appeal to people in general. But given the circumstance and content of the article above, and the comments on this page, I have difficulty seeing his comment as a general request of decency.
Best regards,
Audun