Those that believes and had experienced the good pay out for few years would continue to be strong supporters of it.
They may says things which may includes/imply things just like the supporter of a scheme posted previously in another thread (as per image).

But as for me, I will still stick with as posted In post 311.

This post has been edited by MUM: Feb 22 2024, 12:01 PM


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Like any MLM scams, the early adopters always wins.

in other words, this is a "settle out of court" thing. The lawsuit did not proceed, so no findings are found

Yes, it seems some got cold feet. In any case, prospective investors should always carry out their own due diligence and read the fine print. If you are unsure or sounds too good to be true, its most likely too good to be true.

Hope regulators will look into this to ensure that all investments are supervised and to protect the integrity of the financial system.

Just saw this, this morning, ...

KUALA LUMPUR (March 25): The Securities Commission (SC) said it has begun to investigate unlisted companies and entities offering cash trust products and flagged concerns of potential violations of capital market laws.

The SC has observed “certain possible adverse conduct” by unlisted companies that typically offer preference shares and entities offering cash trust products, the regulator said in its Annual Report 2023 released on Monday. A review suggests possible breaches of the laws, including offering shares without registering a prospectus with the SC, it noted.

“Several investigations have been initiated,” the SC said, including possible breaches of section 58 on capital market services license, section 232 on requirement to register prospectus and section 179 on potential use of “manipulative and deceptive devices.”

Cash trusts are typically designed to provide investors with a lower-risk investment option for liquidity purposes. However, cash trusts are not regulated by the SC or Bank Negara Malaysia.

The Association of Trust Companies Malaysia, Life Insurance Association of Malaysia, Malaysian Financial Planning Council and the Financial Planning Association of Malaysia, among others, have previously complained about certain cash trusts.

These cash trusts and other outfits with similar modus operandi promise extremely high returns, reminiscent of Ponzi schemes, with some said to offer returns of as high as 36% per annum.

“The SC is also concurrently reviewing its current regulatory framework to consider introducing the requirement for assessment and due diligence to address any gaps that is detrimental and harmful to the investors,” it added.

https://www.google.com/url?sa=t&source=web&...9ApaWBttV7JFT0M

This post has been edited by MUM: Mar 26 2024, 06:59 AM


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I am one of them...
It was never 36% PA
it is 7.5% PA (when i signed up)...


This post has been edited by ZZMsia: May 8 2024, 11:18 AM

Has anyone heard of or bought from Global Asset Trustee? Any feedback on that one? Can't seem to find much info on that.

Post 53 has some brief info, ...


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Did you get back the initial investment amount? From the agreement itself stated 10% will be deducted for administration cost right?

dump 100k to try, wish me luck!!!

Good luck

Good luck. I don't even dare to try.

My first trust is expiring this year..

Refer email below


Thank you for choosing UBB AMANAH BERHAD as your Trustee.

We are pleased to inform you that your Trust Deed is expiring on XXX.

There are two options available to you, which can be selected prior to the expiry of the Trust:

(i) To transfer the Trust Capital only or Trust Capital and Projected Trust Income (if any) to *other Trust product; or

*top-up is required to meet the minimum trust amount requirement of the specific trust product

(ii) Full encashment of the Trust Capital and/or Projected Trust Income (if any).

Kindly be reminded, we will only proceed with the necessary arrangement according to your selection of the above, provided we have received your written instruction and the complete required documents.

Until and unless the required complete documents are delivered to us, we shall hold the Trust Capital and/or Projected Trust Income, free from interest.

What’s your decision bro?

The money returned is full amount

Taking out the money to settle personal matter...

Well done and congrats. I think that’s probably the safest thing to do!

i have another fund..2 with UBB.. 1 more expiring in 2025 or early 2026.. need to check deed..

Soon then. Because some say this is like a Ponzi scheme no?

Not at all.. been on this group nearly 3 years..