No idea who that man is, maybe an investor (victim), photo found on FB when k8xpress was launched.
This is his son, Sean Goh (The Seeking Seagull) and his wife Alice Neow.
All living the good life, rolex, sports car, travel, fine dining.
Thanks to all the money their family got from victims.

Damn, this conman is the boss of myairline?!

So why Malaysia no catch?

Weak laws against scamming.

Question is, how many victims made police report and are collaborating with the police and BNM?
Most of the victims dont want to admit they've invested in a ponzi,
and usually the big boss will start a support group to tell the supporters not to make police report because it will complicate the case and delay the return of their money, as seen with JJPTR and Genneva Gold. And in these 2 ponzi, both companies director got away lightly.

In the end, Goh Hwan Hua will walk away with a slap on his wrist, nothing more. Investor wont get back their money.
He already channel most of the money to myairline and his son is working in myairline, potentially to be the future of myairline CEO.
All sponsored by i-serve investors.

For those that think they will one day have a tiny portion of myairline when it goes IPO.... I have bad news for you, go check SSM. If you guys really have shares in it, your name should be legally in the SSM. If not, I want to sell you maybank shares, my name is not in the shareholder list but trust me, I am a tiny owner of Maybank.... just sign this paper, trust me.

Look Lanci (Arrogant). haha

Now is the moment for the 'Victim"... They didn't admit they are victim and think boss can Kaodim.
But the fact is, the previous monthly interest of 2-3 % return no longer feasible... as no more new investor to come in.

yup, same fella

For all the investors that believed in Dato Goh's lies on that 30% ++ returns,
here is a clear proof he is a big liar.
how in the world can k8xpress gives such good returns when FamilyMart by QL can't.
7-11 and mynews and CU has lower profit margin.
As shown in the table below, the PBT (Profit Before Tax) is 6.1% for 2022 and 5.6% for 2023.
After tax, how much is the profit?

FamilyMart can only make 5 to 6% profit, but somehow, Goh's convenient store can give 30% return, means they have to make more than 30%, what is their profit margin? 40%?

Faster make police report.

Can you check Capital A and Singapore airline?
Compare their revenue and business model (between capital A and MY airline).

Singapore airline is the reference as they usually posted profit
We want up see how much they could earn... Vs MY airline model

SIA is not a budget airline, the right comparison is AA. Both myairline and AA going for the same market.
For those still in doubt, last time Goh said he can buy and sell AA tickets and make handsome profit and give 30% return to the investor. But now, with own airline, can only give 10%. If like this, might as well be an agent for AA, why do own business when the profit is lower? Doesn't make any sense, right?

It is a ponzi money game all along, just that most investor and agents refuses to believe and want to continue sleeping. Wake up!

I don't think last time AA (Capital A) gave them so handsome profit. Now everyone can book the ticket directly through their apps and online website.
Why need to give 30 % to commisson an unknown agent (Intermediary). What value?

I serve only service the Kiosk for AA, not into to the core purchase decision for AA and justify for 30 % commission.

https://www.nst.com.my/business/2023/09/949...rm50mil-illegal

Just another recent news from BNM against Iserve

Rm50 milion is very little considering the fact that i-serve probably stolen more than that from the public. With their new contract, I wonder are they still running the ponzi or Dato Goh have finally repent.

BNM: I-Serve Online Mall milik Datuk Goh Hwan Hua ‘scammers’ dikenakan penalti RM50 juta, TNG Digital RM600k, MPI Generali RM260k , MISB RM134k

source: www thecorporatesecrets dot com

Bank Negara Malaysia (BNM) mengenakan penalti monetari pentadbiran berjumlah lebih RM50 juta terhadap empat buah syarikat iaitu I-Serve Online Mall Sdn Bhd, TNG Digital Sdn Bhd, MPI Generali Insurans Berhad dan Mandiri International Sdn Bhd.

Bank pusat itu berkata pada 19 Oktober 2022, ia telah mengenakan kompaun kepada I-Serve Online Mall Sdn Bhd dan enam entiti lain yang berkaitan kerana melanggar Akta Perkhidmatan Kewangan 2013, dan Akta Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan dan Hasil Daripada Aktiviti Haram 2001 (AMLATFPUAA).

Denda berjumlah RM50 juta itu melibatkan I-Serve Online Mall, i-Serve Technology and Vacations Sdn Bhd, QA Smart Partnership PLT, QA Elite Partnership PLT, QA Premium Partnership PLT, MM2217 PLT, dan Valuewise PLT, yang telah dibayar pada 16 November 2022.

BNM mendedahkan bahawa antara Jun 2018 dan September, kumpulan I-Serve ini telah menerima deposit daripada orang ramai dan seterusnya terlibat secara langsung dalam transaksi yang melibatkan hasil daripada aktiviti pengambilan deposit haram tersebut.

“Ini dilakukan melalui skim di mana wang diterima daripada orang ramai dengan syarat wang itu akan dibayar balik sepenuhnya, melanggar Akta Perkhidmatan Kewangan (FSA),” katanya dalam kenyataan hari ini.

Pemilik i-Serve Online Mall ialah Datuk Goh Hwan Hua, Boon Soon Heng and Datin Neow Ean Lee isteri Goh. Peguamnya ialah Datuk DP Naban, Rosli Dahlan and Amiratu Al Amirat daripada Firma guaman Rosli Dahlan Saravana Partnership.

Datuk Allan Goh Hwan Hua memang terkenal dengan perniagaan ‘scammer’ di negara ini seperti k8xpress, GoMart Season Grocer, i-Serve Payment Gateway Sdn Bhd, Trillion Cove Capital, Trillion Cove Holdings, Zillion Wealth Sdn. Bhd, Ample Prosperity, Zapp App, Pay4U app, UPay App dan UPay Me App.

Pada 11 November 2021, tindakan penguatkuasaan bersama telah diambil terhadap i-Serve Online Mall Sdn. Bhd dan sekutu berkaitannya kerana disyaki melakukan pelbagai kesalahan, termasuk di bawah Akta Perkhidmatan Kewangan 2013 (FSA) dan Akta Pencegahan Pengubahan Wang Haram, Pencegahan Pembiayaan Keganasan dan Hasil Daripada Aktiviti Haram 2001 (AMLA).

22 premis yang dikaitkan dengan i-Serve Online Mall Sdn. Bhd dan sekutu berkaitannya yang terletak di Kuala Lumpur dan Selangor telah diserbu, dan dokumen berkaitan telah dirampas untuk membantu siasatan bersama. Serbuan itu turut mengakibatkan 45 akaun bank di 7 bank dibekukan dan merampas wang tunai berjumlah RM118.7 juta.

Tindakan penguatkuasaan dilakukan oleh Pusat Anti Jenayah Kewangan Kebangsaan (NFCC) dengan Bank Negara Malaysia (BNM), Suruhanjaya Sekuriti Malaysia (SC), Suruhanjaya Syarikat Malaysia, Suruhanjaya Pencegahan Rasuah Malaysia, Polis Diraja Malaysia dan CyberSecurity Malaysia.

BNM’s RM50mil fine on i-Serve opens ‘Pandora’s box’, says ex-MP


via freemalaysiatoday dot com

PETALING JAYA: A former MP has sounded the alarm over a RM50 million fine imposed by Bank Negara Malaysia (BNM) on i-Serve Online Mall Sdn Bhd (i-Serve) and its affiliates, saying it has raised serious questions about the oversight of financial services in the country.

DAP’s Charles Santiago said the central bank must now answer a “Pandora’s box of questions” over its action against the e-commerce firm for accepting deposits from the public without a licence and engaging in illegal deposit-taking activities.

According to BNM, the companies’ activities between June 2018 and September 2021, were in breach of the Financial Services Act 2013 (FSA) and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla).

The former Klang MP called for BNM to show accountability in the matter. He said the central bank needs to disclose when it first detected the problem and how long it took to address it.

“Also, how many depositors were there? Who are the people who deposited money with i-Serve? How much money (in deposits) did i-Serve receive over the three-year period?”

He said although i-Serve and its affiliates paid the RM50 million fine on Nov 16, 2022, the matter was far from over.

“The fine is paltry compared to the assets that were seized. What happened to the balance? Have the depositors been refunded?”

Santiago also called on BNM to explain the absence of criminal prosecutions.

“We are talking about a breach of the FSA and Amla. This goes beyond procedural issues,” he said.

Santiago also questioned if the authorities had determined whether the monies deposited with i-Serve came from legitimate sources.

“Have all the depositors paid their income tax on the money they deposited in i-Serve? Has the Inland Revenue Board (LHDN) investigated each depositor to determine whether their money is from legitimate sources? Can LHDN confirm if the depositors’ monies came from Malaysia or overseas?”

Santiago said the authorities must now investigate each and every depositor for possible tax evasion.

“I hope Bank Negara can provide answers to some of these important questions. I think it is very important that they also clarify if their probe into i-Serve goes beyond the taking of deposits.”

In November 2021, BNM and several government agencies were reported to have raided the premises of i-Serve and its related affiliates in an investigation into possible money laundering and related financial offences.

BNM said documents were seized from 22 locations in Kuala Lumpur and Selangor, resulting in authorities freezing 45 accounts in seven banks and seizing RM119 million.

https://www.nst.com.my/business/corporate/2...ine-ceo-resigns

Another shocking news today, MY airline CEO just resigned. He was also 2% share holder of MY airline.
The balance of 98 % hold by Zillion and Trillion cove.

If MY airline really go to IPO on 2026, it is strange that a CEO is resigned due to prospectual future. may be due to some other issues?

The news also hint that MY airline is facing financial issue, some flight route is cancelled, staffs didn't get salary on-time.

Good luck to those investors of IServe.
A truth still the truth, time will tell.

MYAirline to get a new owner?

PETALING JAYA: Budget carrier MYAirline is expected to welcome a new owner soon. A source close to the matter said the new owner, a local entrepreneur, is expected to pump in more funds into the airline which took to the skies last December.

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Probably he was pissed the 2% he invested with his hard earn money will be diluted into nothing.

all those that signed the new agreement.contract.... i told u so liao lor... i said earlier... the new contract are exit strategy for goh and his family... sign liao u cannot claim liabilities from him anymore lor...

gg... finish...

sign away all your rights.... all your money gone... for his son to drive mercedes, fine dining, all sponsor by investors...

sign liao... cannot sue... nothing to claim