Hmm... The Star, had previously ran some editorial regarding to this Swiss Cash scam.

The people involved in this scam involves certain VIP.

By all means, please invest in Swiss Cash now as the founder/proprietor requires funding to post their bail and subsequent they might need to pay the legal fees as well.

Alienware, you are either too ignorant or perhaps, you are one of them. Trying to spread the con by masquerading behind the cloak of innocent and naive forum member.

From Bank Negara Website
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299

Ref No: 09/06/01

Embargo: For immediate release
Warning on Swiss Cash or Swiss Mutual Fund

Bank Negara Malaysia and Securities Commission of Malaysia would like to inform members of the public that Swiss Mutual Fund, the company that is promoting the Swiss Cash fund, is not licensed or exempted from licensing by Bank Negara Malaysia to accept deposits nor is it licensed by the Securities Commission to carry out asset management activities or services in Malaysia. Swiss Cash fund promoted by Swiss Mutual Fund has not been approved nor endorsed by the Securities Commission.

Swiss Cash fund is an internet-based investment program promoted by Swiss Mutual Fund, a fund management company claimed to be registered overseas, and the investment opportunities in the fund is offered through the Internet and local agents.

Members of the public should only invest through parties that have been licensed by the authorities. When in doubt, the public should check with Bank Negara Malaysia, the Securities Commission or other relevant authority on the licensing status of the local or foreign company before making any investment.

Members of the public may contact the Securities Commission and Bank Negara Malaysia for enquiries on the fund:

Complaints Department, Securities Commission
Tel: 03 6204 8999
Fax: 03 6204 8991
E-mail: aduan@seccom.com.my

Bank Negara Malaysia
Tel: 03 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143
Fax: 03 2698 7467
E-mail: info@bnm.gov.my

Bank Negara Malaysia
Securities Commission
5 September 2006



Bank Negara Malaysia
5 September 2006



From The Star
http://thestar.com.my/news/story.asp?file=...0816&sec=nation

Two Datuks held over Internet scam

KUALA LUMPUR: Two Datuks and six others have been placed under remand to help investigations into a get-rich-quick scheme that allegedly promised “huge returns for a minimum investment.”

The Datuks, aged 47 and 57, were produced before a magistrate’s here yesterday together with the others, aged 26 to 58, after their arrest on Monday.

Magistrate Azniza Mohd Ali ordered them to be remanded for five days, until Oct 7.

The police are investigating the case under Section 420 of the Penal Code for cheating.

The alleged scam, known as SwissCash or Swiss Mutual Fund (1948), was uncovered early last month and reported in a Malay tabloid.

Over 50,000 people have purportedly signed up for the scheme since its introduction in April last year.

The Swiss Embassy here has denied that its government had approved the scheme and also rebuffed claims that it was based in Switzerland.

SwissCash, which operates through the Internet, claims to be an “easy, fast and secure scheme.”

It claimed investors’ funds were channelled to business activities ranging from oil exploration to shipping and agriculture in the Caribbean.

Investors are required to pay a registration fee of US$30 (RM110) to join the scheme, which allegedly offers huge returns for a minimum investment of US$100 (RM370).

Those behind the scheme also claimed that investments of US$1,000 (RM3,700) or more could earn a profit of up to 300% after 15 months.

However, after the report appeared in the tabloid, the Securities Commission and Bank Negara released statements saying SwissCash had no licence to collect funds.

Prime Minister Datuk Seri Abdullah Ahmad Badawi also issued a statement calling on those duped by the scam to quickly lodge reports.

Among the scheme’s purported victims are a lawyer, a consultant, a technician and the secretary-general of a government ministry. They claimed they had been cheated of nearly RM20mil.


More follow-up by The Star

http://thestar.com.my/news/story.asp?file=...3129&sec=nation
Be wary of ‘Swiss’ website

By EDDIE CHUA

KUALA LUMPUR: If you have stumbled onto the Swiss Cash or Swiss Mutual Fund website, which is making an aggressive sales campaign here, it is best to be cautious.

The two companies are not Swiss-registered firms.

The Swiss embassy here has warned the public that the two companies have no relation to their country.

“Sometimes, companies use the word 'Swiss' or images of the Swiss flag to associate themselves with the reputation of Swiss companies.”

The statement said the two companies are not subjected to Swiss law and therefore the public should be careful when investing in such funds.

A man, who runs a local website and claimed to have invested US$50,000 (RM189,300) in the fund, told The Star that he had obtained a return of 300% in 15 months.

He said a company that has its headquarters in the Dominican Republic manages the fund.

“The minimum investment is US$100 (RM379) while its maximum is US$100,000 (RM379,000),” he said.

“To invest in the fund, one has to pay US$30 (RM113.60), a one-time registration fee. However, the registration fee must be wired through a bank to the company in the United States.”

He said there would be a 10% return in one to three months.

“It has been so far so good as I get my returns on time,” he said.


I also notice that there is this forummer offering HYIP, High Yield Investment Product via his/her Ronnie 2U investmentlink or something like that. Any doubts about his "investment" can be refer to the articles above. Better yet, call Bank Negara Malaysia numbers above.

Alternatively, Securities Commission, www.sc.com.my, is another government agency for handling such matter. In fact, any leads that leads to prosecution will be REWARDED.