Yes it is the same

same what?

you called/emailed,....and she "Basically sweet talk you into buying something while smoothen and hide those shams behind the scenes" (as you posted earlier?)

you really experienced it from her or you just assumed ??

You can try if you want to

Not assumption as I know a few ppl who got trapped into it

ok,...thanks for the confirmation of your posting.

If you want to know why it triggers a rm2 to 11cents company it is started because of this debacle

ACE HOLDINGS ISSUES CORRECTIVE DISCLOSURES FOLLOWING THE SC’S SANCTIONS AND OFFERS UNCONDITIONAL REDEMPTION TO SUBSCRIBERS
4 April 2019 | Kuala Lumpur
The Securities Commission Malaysia (SC) today informed the public that ACE Holdings Berhad (AHB) had on 1 April 2019 issued corrective disclosures following the SC’s sanctions issued on 11 December 2018. The sanctions relate to false or misleading information contained in AHB’s Private Placement Memorandum dated 8 September 2015 and Private Placement Memorandum dated 5 January 2018 (collectively referred to as PPM 2015 and 2018).
In addition to the corrective disclosures, AHB has also issued an unconditional redemption offer to all investors who have subscribed to the private placements based on PPM 2015 and 2018.

The corrective disclosures and the unconditional redemption offer can now be accessed at AHB’s website. According to the information provided on the website, a total amount of RM814 million was raised from PPM 2015 and 2018. The website also mentions that subscribers are given 21 days from 1 April to submit their application for the unconditional redemption, if they wish to do so.

Subscribers who are unsure about their option or rights with regards to this matter are advised to seek professional financial advice.

Till today no public disclosure yet on its final audited accounts

Anyone get back their capital +8% p.a after complete 2 or 3 years contract?

This post has been edited by engyr: May 20 2022, 09:52 PM

They mentioned they got back their money n the promised rate... (but not that high 8% but I think alot better than FD).
Page 4, post 67
Page 7, post 121

Hi,

We need to position ourselves on purpose. UBB is protect and provide for the needs of one's beneficiaries, as well as to create an avenue for wealth and preservation.

After you understand this company philosophy. Automatically in business must have cost, fees. Trust is a name for the product. Trust is not unit trust. Trust is NO investment platform in UBB.

THANK YOU.

In order "to create an avenue for wealth and preservation",..... What is the nett rate of returns per year (After minus all declared n undeclared fees)?

Damn you sound brainwashed

Hi guy3288.
As a new lowyat user I can't post the link here but you can try Google a latest writeup by The Edge on dubious cash trust scheme. You can search under title: SEVERAL CASH TRUSTS SAID TO BE PONZI SCHEMES.

Hope it helps.

Is this that article that you are referring to?

Several cash trusts said to be Ponzi schemes
theedgemarkets.com
May 24, 2022
https://www.theedgemarkets.com/article/seve...e-ponzi-schemes

Which authority to report UBB Amanah to? I have a feeling they are running a Ponzi scheme of sorts.

https://www.theedgemarkets.com/article/seve...e-ponzi-schemes

From the article from that above link,....

"....... there is no proper regulation by Bank Negara Malaysia or the Securities Commission Malaysia (SC) about these trusts, suggesting there may be a loophole in the law and the governance of these trusts.

The Edge understands that the relevant regulatory body may be the Companies Commission of Malaysia, or Suruhanjaya Syarikat Malaysia (SSM)."

This post has been edited by MUM: May 25 2022, 07:08 AM

even regulated bursa you can profit -50% at zero risk lol

Bursa is equities investment. There are already mentions of "risks associated to equities investing".

Open Letter To TheEdge
May 24, 2022

The article in TheEdge entitled “Several cash trusts said to be Ponzi schemes” dated
24/05/2022 is an article based purely on suspicion and wholly unsubstantiated. There is
no basis whatsoever to conclude that some Cash Trusts are in fact Ponzi schemes.

More.....
https://www.ubbamanah.com/open-letter-to-theedge/

I guess you better write to the Securities Commissions, BNM, and SSM at the same time, since it's not even clear who is regulating these schemes properly.

their open letter is so /k style of reply does not even sounds professional, just mere attacking the journalist.

"without having given the companies that are offering Cash Trust an opportunity to explain" if that is so, then in your open letter just layout how in your audited financial abilities to generate such return.