Why is it your concerned that MYAirline will make money or not?

What do you know about commercial aviation in Malaysia?

This is a free country and anyone can set up an airline business.

What is your problem with Datuk Goh?

What IS your problem with them?

This post has been edited by Stamp: Oct 18 2022, 07:30 AM

Sounds like you invested your money into i-serve money game... or you are an agent? Are you? If not, why kepohchee if people dont like Dato Goh?

I didn’t ask you. Why you kepohchee? Mind your own life.

How much you lost? If you are an agent, how many victims have you cheated?

MYairline is a scam?

http://www.theedgemarkets.com/article/myai...rdDNRg.whatsapp

I won’t respond to a kid half my age. Waste my time layan budak2.

you think i dont know you guys are promoting the new myairline scam with lower 'dividends'? i know agents like you, still hoping to con people, telling people i-serve won the court case and everything back to normal, need 1 year only can withdraw the money, many wants to withdraw if given the chance. win court case liao, why cannot let people withdraw? why need to wait 1 year? you guys promote myairline investment scam, got approval from SC to collect funds from the public? or same lies again? try to scam more people to lose their savings.... karma bite people like you.

Did Iserve really won the court case? where is the proof?
I didn't see BNM, SC or mainstream newspaper have made annouchment for it.
If have, pls put the link here.

Back to the core, if a business model really so geng to have above market return in term of revenue and profit,
the owner will focus to sapu all the return by finance themselves through several resources (borrow from bank etc).
If the borrowing rate or cost of finance is 5-6 % per annual through the bank, why they have to pay individual investor more?

so already gg? i saw the agents are selling other products now

Hi all, im one of the member for this private scheme,

Summary

-I Join late october 2021, then it get raided,
-waited patiently for 16months,
- during the period the dato will arrange video call with us for assurance,
- however the last video he mention no more video call with us, will send the new agreement to us
- and the agent only ask us to sign a new agreement that last for 3 years, the new company is totally new,
- i dont agree to this and just want back my capital.

I have talk to the Antz capital customer service, they mention same thing only ask me to sign the new agreement,


Im seeking advice here should i open a case with BNM and officially made a police report on everything? do PM me if you know any legal member who charge minimal fee to look at these contract , i do not mind paying small amount of fee.

What is the agreement? Do upload and share it here, maybe we can read and better understand if Dato is sincere or out to scam more money from the victims. Anyway, how much you invested? Thanks.

Hi Melvin, I am one of the investor for this. My dad has invested in two of the companies, total up 2.1m. As you mentioned, yes they have come out with new agreement which offering 8-12% annual basis, where this is absolute rubbish and differ from original agreement.

Im planning to take legal action, if you want to know more please contact me.

Dato Goh plans to list myairline in 2026. So, he promised all his investors they will get a tiny shares when it goes IPO. Can trust or not? Remember last time the agent told me if you invest in i-serve, you will get a small percentage of i-serve when it goes IPO, if this is true, then legally the investor's name should be in SSM, right? If not in black and white, you invest RM100million also got nothing. Well, go check SSM who owns i-serve and how much. Also, go check SSM and see how much of myairline belongs to dato goh if what he promised comes true before the IPO.

currently, if i am not mistaken, goh owns 98% of myairline, and the CEO rayner owns 2%. if you are a part owner of myairline, legally your name will be in the company's SSM.

no need to talk about myairline, didn't he said the investors are part owner of i-serve, thus can collect 'dividends' from his amazing skills in arbitraging airasia tickets and selling prepaid topups? go check ssm if your name is in the list.... surprise surprise...

you can also check if i-serve really can make more than 30% profit per year to be able to pay out so much. CTOS report will show you who is lying who is telling the truth.

Can you elaborate more?
Instead of the previous 20-30% per annum, you now get 8-12%?
What about capital? Can you withdraw all your money? Or it is locked in for 3 years?
What if you dont want to sign the new agreement and want all your money back?

He is washing your money from iserve into an airline lol.

Original agreement was +-45%, paid monthly basis for two years. Lock in period 2 years.

New agreement 8-12%( there is tier, mine is 10.5%), tenure is 5 years. 1st year you cant withdraw money(moratarium), 2-5 year if you wish to redeem it, 20% to be deducted from capital as fine. And best thing is, withdrawal is upon board director approval(they have right to decline it). The new agreement, stated there we might lose half or in full of our capital(i really pissed off with this), as i cant recall old agreement has this term.

I am getting legal advise for few firms and i am gathering the investors to discuss on whats next.

45% per year? This is crazy. I was offered 30% if I invest RM500K, that I already consider crazy, but 45% is beyond my imagination.

I never invested as I find it too good to be true. I remember the agent told me I should take this opportunity and invest now as he has special connection with Goh and Goh won't simply accept any investor, he will reject some investor's money.... yeah right, this is the same tactic used by Bernie Madoff, refuses investor's money to show he is not desperate.

Looks like the new agreement is structured in a way that no matter what, you'll never get back your full capital even after they pay you the interest. It cost alot of money to run an airline, I am sure Goh is pumping lots of money just to keep it afloat so that he can offload it after IPO. By hook by crook he got to do it. Not to mention all the retails shops like k8mart, gomart and etc are probably losing money.

I hope you recorded all the video meetings you guys had with Dato Goh as evidence. Some investors are still sleeping and refuses to accept this is a ponzi scheme.

I suggest you get MCA or DAP's help to gather even more investors, do a press conference to find other investors. With enough investors suing, your chances of winning will be higher as you as a group can hire more lawyers with resources and the legal fees will be spread over many investors. Goh is still very rich.

Hi Gorgon, I am one of the investor and I plan to get legal advise too in this matter.
May I join you all to take legal action together please?

Thanks!

have to do it fast.
this is a sign that the high rebate and return not able to sustain.
example if you was aged 25 and invested RM 50k, you really think the company will keep paying 30 % interest yearly till your age of 85??

I a bit curious why Berkshire Hathaway/warren buffet didn't invest?

And if the business model so geng, proven and practical, why suddenly change to lower commission?
Many many questions marks.


This post has been edited by Shining star: May 15 2023, 04:58 PM

ever since this new contract was ditched out by Dato Allan Goh, the agents that wanted to recruit me to invest is now very quiet on FB, no more posting... nothing. His other friend that joined and became an agent also went quiet. Normally they are both very active, will post anything and everything, political to mother's day to dining in Gordan Ramsay in Sunway to buying Gucci bags.

He probably invested a few millions.

For those that doesn't know how this 'scam' works, the agents are required to pull in a certain fixed amount of 'investment' from the public, failure to met means they will not get their commission for the month. The agent I knew wanted to borrow RM1 million from me, he goes as far as to guaranteed me verbally he will pay me back if something happens and he will give me half of the 'dividend/interest' every month, said I have nothing to lose, which is about 15% risk free / capital guaranteed. He keeps the remaining 15%.

Last I heard, in order to meet the monthly quota, he borrowed millions from his dad to invest, thus meeting the monthly quota.

Now, all gone into Goh's pocket, his son and they live a happy and comfortable life. His dad and himself now lost millions, no way of getting it back anymore. Goh is going to walk away free and rich, like most scammers.

Anyone with the latest update do update us. I want to know more so that when I meet the agent again, I want to know if he is honest or still trying to lie. Oh, right before BNM raided them, 3 months prior to that he bought a mercedes benz, RM400K and posted it on FB for everyone to see how successful he is.

I told him long long long time ago it was a scam, he said Dato Allan Goh is an honest businessman.