Who said Swisscash is licensed or endorsed by Bank Negara??
It is not licensed in the very first place. As far as I know, it is underground "investment".

Those Swisscash investors know it's an "underground" activity, don't they?
I think they just don't care. They only care about multiplying the money.

Somehow, I wonder is there anyone cheated by their friends that Swisscash is a licensed company? Please raise your hands and share your experience here.

Referring to NST newspaper (Monday 26 Mar 2007), the 6 companies are licensed MLM companies.

This post has been edited by ALeUNe: Mar 27 2007, 07:07 PM

everyone knows swisscash is not licensed. they just want to get the principal back and dont care about the rest..

any link or source for this news`?
i can't find any after googling..`

It'll help in a big big way if the TS had given more info on his first thread on the background of what he wants to talk about.

Here's the link: http://www.nst.com.my/Current_News/nst/Mon...icle/index_html

ALeUNe: any ideas what hose 6 companies are? As far as I can see from the article, all it says is, direct-sales companies. Not sure if its of the MLM type, or those DS types such as Cobra, DS-MAX and so forth though.

---

Added on March 27, 2007, 8:28 pmWell, that's the sad bit. There's still the hard core supporters who go abouts claiming that just because:
- its not licensed
- Its not approved by local authorities

That does not mean that it is a scam, and that they're making money off it. It kinda reminds me of those stories on those 419 scammers though, how some of those who got scammed still denies it, and claims that those scammers were their friends even after losing their entire life's savings.

This post has been edited by fyire: Mar 27 2007, 08:28 PM

no doubt, swisscash was one of it. like some of u had mentioned earlier on, many account has been frozen. my friend kena oso and he been very headache a couple month ago on how to cashout his money... money neva come tat easily thou!!

I see... so this is all about the news? Thank you very much for the news link.

"They promised returns of up to RM50,000 for an investment of between RM30 and RM200. This made people wary of the scheme," he said.

It's very idiotic for people to believe such plan. With amount between 30 and 200 can get 50,000?! However, if they telling me, using 50,000 can gain 200 more. Then only I would believe.

I rather use my 200 to buy TOTO. To get the jackpot...

This post has been edited by edifgrto: Mar 27 2007, 08:45 PM

I do not know since it did not mention the names. I think it will be announced soon.

As far as I know, these companies are using their MLM licenses to operate other activities.

the buyeburral said their a very large group in singapore, i wonder singapore allow this activity meh ?

Well, a lot of such scammers tend to claim a lot of things. Take this as an example. How difficult is it really, to just take a few pics of ppl dressed in biz suits, stick on some fancy titles on them, and write up some faked testimonies from them?

How about www.fical.net?

well i am wondering will actually LB be one of them?

Let's see...
- Return rates that r too good to be true
- Totally no physical contact address at all on their website
- Domain name registered through an anonymous domain name holding service.

Likely to be a scam.

haha. im totally agreed wit u. it make sense when u invested 50k n gain 200, but not the other way round. one word= GREED!

ya, FD, if u put 100K inside, if the bank tutup, max u can take back 40K only ... if i'm not mistaken.

yeah, if the bank shut down, i think u should care more not just the 60k loss.

some correction ~

amanah saham = unit trust ~ kakakakaka ~

PNB punya 'bumiputra' unit trust to be exact ~ and also they issue Government

Bond also

oh ~ just tumpang this thread ~ every interest we earn at any financial institute

are subject to be TAX ! except BSN, Bank pertanian, AND ALSO Amanah Saham

'Bumiputra'.

how come it sound so unfair for me ... sigh ...

I seem to remember ths fellow who was quite actively defending empay in these threads. the one with the cartoon avatar.

wonder how's he feeling right now.

em-pay got problem now already meh ???
i see my fren buyeburrel webpage can login back liao ...

http://www.swisscityfund.com/web/default.asp

are u guyz meant it ?