Saw this on xiaohongshu. Obviously too good to be true.
I personally am sceptical about this sort of investment schemes.

High returns. No risk. Got legal docs bla bla bla.
Just their methods to siphon more investors’ money.

Anyone who knows anything about this please share and keep us all alert.

Never such thing as guaranteed returns unless FD 🤦‍♀️

The amount of ppl asking for more information on xiaohongshu baffles me. I can’t believe ppl are falling for this. But I can’t seem to find any information about this on the internet. So it’s probably still a new thing. We shall see how it all ends.

Wht didnt you comment or reply to their posting ?

That's 60% annual return. Yeah fat chance.

i think it is common to see that,...i saw this on the internet too,
LAGI bETTER and canggih than xiaohongshu



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Eh, teach us how to generate such good return when nearly the entire 2022 is bear market leh. The monthly returns langsung no correlation with other markets pun.

i cannot teach as i did not join it...
they are open only thru "referal"

perhaps after joining (if you know where and how to look for it)
then maybe only then, they will show you how to generate such good return even when nearly the entire 2022 is bear market.

oredi bigg ssign of PONZI here...

#alldabreassst....

Tried once and got tired fighting with them. Can’t be bothered anymore. I straight away report the post.

So good. Consistent return hahaha 🤣

Plan b: infiltrate the dealer, find the supplier. Play nice and dig up as much info as possible.

I’m exposed now after so much fighting. Can you be the spy instead 😝

Lol which joker reported my post lah 😅

It is because of greed 🤦‍♀️

Even I got lucky on one trade this year whereby I make 90% just one stock in a week no way this solution is that consistent in 5 years 🤦‍♀️

Exactly. And the whole thing sounds so risky and dangerous. It has property involved. I dunno how.

As per my understanding, the money you invest are supposed to get you a property. They have lawyer and legal documents for you to keep. Hence the name - Asset-backed solutions. And then they give you high return. I guess their selling point is, in case they run away, you've property in hand which you can sell. Sounds too good to be true. You get property and investment return at one go. Where got such thing 1. Even got bankers to apply loan for you. Like a super well-established investment company.

Anyone who knows anything about this kindly enlighten me. I am sure many are eager to know more about this

SC guidelines on asset backed securities

https://www.google.com/url?sa=t&source=web&...vAuxQ01F4nOL0dE



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ABS here macam doesn't refer to the usual ABS we know, it's the company's name. They come off like realty company with agents posing with cars on xiaohongshu.

Must be those property quietly defaulted which they are transferring to new guinea pigs which be stuck when trying to dispose it

Oh, thanks for telling.
Asset based solution (company's name) is NOT asset based Securities (products) that is under the purview of SC.
In that case, it may not be actually operating under asset based securities requirements of the SC.
Perhaps trying to fool people. Just proven I got fooled too.

Perhaps a new spin off of the previous "cash fund" products being offered by the Trust companies....where it was said to be asset based investment too. (Asset does not meant only properties).
Now maybe because of actions taken by the authorities on the offering of those "cash fund" after some press highlights, they changed to avoid the direct mention of cash fund like investment.

This post has been edited by MUM: Nov 18 2022, 09:02 AM

I just went attend for the talk yesterday.
I have deposited some amount and gonna see how can they generate the income for me. In other words, "test water".
According to them, its backed by SSM and the profit will be generated on weekly basis.
They have a guaranteed fixed investment return, but i did not take up that investment.

Mind elaborating what is "backed by SSM" means?
Is SSM gonna fulfill what that company failed in its promises to you?

What is the locking period of your money?
Are there any penalty if you need to withdraw suddenly next 2 months?

Good luck to your money as it is good as gone 🤦‍♀️

Basically already tell tale signs as as no assets other than cash generate such liquidity especially on a weekly basis

Even share options will take settlement of a few business days before profit can be generated

Another Ponzi scheme in the making signs

And no such thing as SSM backed as they are only registrar of companies which only manages company being registered and listed in the companies directories not a regulator 🤦‍♀️

Anything is not SC licensed is basically a Ponzi scheme

that is different scheme. check with your introducer la..dont mix it

I believes,
Whatever the scheme it is, they are not backed by SSM.
SSM does not back any scheme.

ofcox. what they interpret is they are agent for one of the SSM approved interest scheme only.

i have attended the talk too.

they make it so exclusive padahal all queue in to be slaughtered live earning slowly nicely

This post has been edited by Jenn77: Jan 17 2023, 09:28 AM

Is it,
Something like the previous "Cash trust funds" that got into the limelight ... last year.

cash trust funds without assets backed .. ABS by itself mean for asset backed solution ..LOL

I got this from the net, ....
Reported to be from the trust company...

It did mention " investment to be safeguarded with asset of equal value and accumulatively, ....."

This post has been edited by MUM: Jan 17 2023, 10:16 AM


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any trust deposit certificate?

I think that was a contract of agreement or something like that between the company and the person putting in the money.

under which trust company?

Did not specific in the copies that I got from the net...thus unable to confirm with trust company.

Good luck as SSM doesn’t approved any investment scheme only SC is allowed to approved to it🤦‍♀️

Money is good as gone now

1 year locking period. Daily profit about 0.10-0.15%.

if 0.10% daily = 0.10 x 365 days = 36.5% pa


if 0.15% daily = 0.15 x 365 days = 54.75% pa


wow if compounded daily = lagi MORE

https://www.thecalculatorsite.com/finance/c...nd-interest.php



This post has been edited by MUM: Jan 23 2023, 04:03 PM


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Good luck getting back the money in a year 🤦‍♀️

If they are that good in making that profit there shouldn’t not be a lock in period

Not possible with those rates as even weekend also able to generate the % 🤦‍♀️ plus no way with that % has beaten the best of the best in investment market 🤦‍♀️

What a fool.

This really look similar to how Triumph FX, macam still at early stage where they promise 4%-ish monthly returns. When they promise 7%-10% returns with newer funds then start to run road ya...

Of course 🤦‍♀️

Even the greatest hedge fund in the world last year just broke the record at 38.1% hence how possible this ABS can generate such returns as it confirms scam from the so called documents and talks 🤦‍♀️

Same MO hence to bait the fools in for the greed 🤦‍♀️

Agree, its pretty much similar as Triumph FX. The profit generated even for weekends too. So far for a week, I've got $10. But the profit can be withdraw at every $50.

So one year locking period is for the capital? Profit can be withdrawn every time it reaches $50?

Yes, you are right. One year locking period for the capital. Min. $50 for profit withdrawal.

It does sound interesting, isnt it. I am just trying out. It has been in the market for about 2 years.

I dunno bro. The locking period is a deal breaker for me.
The only place I am comfortable with my funds being locked in is the banks

Like many mentioned before, SSM is just the Companies Commission of Malaysia. They only do statutory recordings, filings, etc, they don't look at scheme. Any scheme can only be solely looked into by the SC and only can be approved by the SC.

the term "backed by SSM" is more of a gimmick to catch unsuspecting investors who may not be as savvy.

guaranteed return is lagi a taboo word which is not found in any of the SC approved investments/scheme, let alone at such an unbelievable rate.

anyway, good luck to those who invested.

doesn't matter what flowery promise or what kind of picture they paint for you/the investors, those above redflags are good enough to put "most" people off.

Even the banks have no right to lock you so what do you think this scam investment will do 🤦‍♀️

Don’t bother too much as let them learn a lesson 👏

Only happy when can withdraw 50 when the actual 50000 is gone with the wind 🤦‍♀️

https://www.nst.com.my/business/2022/01/763...-through-trusts

saw this, but not sure reliable or not

If my guesstimation are right, ...different product and different company than what TS mentioned, ...especially the mentioned "Daily profit about 0.10-0.15%."


This post has been edited by MUM: Feb 6 2023, 01:14 PM


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Can have a look on this?

here's the explanation of abs, but it's in Chinese, assume it's the same way how abs earn here
http://xhslink.com/eLo89m

But I doubt it can earn that much...

i try to search Asset Backed Solution keyword on FB, and there's few coming out.
If anyone know how to read please advice, I got no idea what's that

https://www.facebook.com/100063773313108/po...mibextid=cr9u03
Can find some other info on this FB page

Seems like related to Yong Thai Berhad?
and only those invest big amount "can backup" by a property? I don't know

Then I look into their website:
https://ytbcap.com/program-structure
Not sure how it works lol

Seems like different ABS under different company? But then they seems like related
confused haha

This post has been edited by rae0724: Feb 6 2023, 01:43 PM

My guess is they are operating like the previously (last year) hotly pushed "cash trust" finds....until they stopped promoting it after the scheme was exposed in the press.

To me, it is the same modus operandi...just under different name and packages

I see, need to do research a bit
back that I was not into investment yet
just trying to start recently, and looking for the one suitable for me
stock is too hard, and this uhmm..
guess... only FD left hahahaha

Luckily you posted this now, if you had posted this 6 months earlier, some may suggest you a company that had been operating since 2009, has a 2.2 million memberships and has a 10 billion AUM..
Put in 1k usd, get back that 1k usd 1 year later.
Let the balance ride n roll over for another 10 years, ....you will get 1 million usd then. No need to put in anymore money, no need to do anything.

But now, they dare not suggest that company already....

Is it the Trumph FX or something similar? I forgot the name
Haha, all the "looks good" one seems scary for me

You can use robo advisor instead if stocks too hard

Or buy ETFs directly and hold 🤦‍♀️

Do any of you interested to join in the investment talk? Perhaps you can understand better.

i believe some would be interested to know more by themselves before PM you for more details about that investment talk.
they may prefer to "research" more about it without being subjected to "pressure sales" while at the investment talk, or go there unprepared in advance as of what to ask.
thus i believes it would be beneficial for them if you could details more about your company in the open here.

i think,
if you are NOT soliciting for money, i believes it should be ok with the moderator
as you are just sharing some "investment" vehicle
if it is offered for free and without cost for those info, why not. The world needs more free things.

so far, some of the info given by you are ......

potentially interested parties do take note of this "its backed by SSM"

potentially interested parties do take note of this
if 0.10% daily = 0.10 x 365 days = 36.5% pa
if 0.15% daily = 0.15 x 365 days = 54.75% pa
potentially interested parties do take note of this "its pretty much similar as Triumph FX"

potentially interested parties do take note of this "One year locking period for the capital. Min. $50 for profit withdrawal"
Post 67, he confirmed, even if you are willing to pay penalty, you cannot withdraw during lock in period,

potentially interested parties do take note of this ...."about 2 years in the market"

potentially interested parties do take note of this "Min 1k USD"

This post has been edited by MUM: Feb 9 2023, 07:53 AM

He is directly soliciting and earning referral fees at that same time 🤦‍♀️

Not possible with that amount of profit as even greatest hedge fund can’t achieve that amount 🤦‍♀️

Yup, understand on your end. I am not the agent btw, for me, i just invest some small fund to let it run for a year. I am attracted by the profit, well, thats greed in me! Haha. Having that said, i am ready to lose that amount of small fund.

for many people, GREED is GOOD,
btw, what is the minimum sum required?

This post has been edited by MUM: Feb 7 2023, 07:33 PM

Min. is just 1k usd. No harm to try for a year as its very new to the market. But i am just like everyone here, i am very sceptical with this investment plan, so i just try out with 1k. Still need some time to understand the background. If anyone is keen to go, let me know and just try to understand the investment plan and share your thoughts.

Instead of putting the money that you will be losing you be better off buying Bitcoin instead 🤦‍♀️

That is why scam likes it is so easy to flourish in Malaysia

just in case,...the investor really needed the money after deposit but before the 1 year lock in period expired, ....he cannot withdraw or they allowed withdrawal but subject to penalty fees?
if the deposit is subjected to penalty,...how many % will be deducted?

Sorry guys, i didnt inquire that much on penalty fee. I am not a smart investor. 😂
And they recently expand the investment plan to HK.

thanks for telling...
since you had already joined....
can you just check it out for the benefits of those that could be interested?

thanks

I just checked with them. They said unable to withdraw as the contract is one year locking period. As of now, my account is generating profit of $30. Will withdraw once accumulate to $50.

Thanks for checking an confirming it out.
Appreciated all the info you had shared.
Hope those interested and having read your info as compiled in post 58, would contact you.
Post 58 are sort of some basic FAQs.

And yes, just like one of them mentioned, its backed by Yong Tai Berhad. Should still be safe as of now since its quite new to the market.

I think, some would also keen to know what that company invested in with the money. As the more than 36% pa returns is very high. They maybe doubt the sustainability of the payout.

Is there documented evidence that that product is really from Yong Tai Berhad?
That company that offer that scheme may just be a subsidary. Thus not much direct legal implications to YongTai Berhad if a subsidiary were to close down.

Did Yong Tai Berhad sign any documents directly with YOU?

If your agreement are made with that subsidary or your payment are made to that subsidary....Go chase after the subsidary, not Yong Tai Berhad.


This post has been edited by MUM: Feb 9 2023, 12:34 PM


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Provide some proof that this is backed by Yong Tai Bhd?

You can get into legal troubles if you're making things up.

Most likely and he assumed that the so called asset backed is from Yong Tai properties

Still unbelievable with 36% because even the greatest eve hedge fund can’t beat that YoY 🤦‍♀️

Yong Tai as a public listed company in is bound by the SC guidelines and Bursa MMLR, cannot simply issue instruments like this without the prior approval of the authorities (mainly SC).

Any written back up of that statement?

Safe because it is new and not so safe if it has been in the market for a while? what kind of logic is this if the issuance by a public listed company is legitimate and approved?

That is why we questioned it from the start already as this so called ABS is nothing but a scam 🤦‍♀️

Now name throwing with the so called assets

ytbcap.com/program-structure - this is the program which is under ytb which one of you mentioned earlier. The profit is 6% (guaranteed) + x% (non-guaranteed).

For the one i invested in, its daily profit of 0.10% (est.) And for the one i invested in, i did not sign off anything. Its basically a website where kyc is required, just like how you open an account with broker.

Ah okay returns of only 6% p.a. It’s like a bond lah, you pay RM10k upfront and get annual coupons. Your money is locked for 10 years. Just like all bonds this can default too. But worse is, I’m not sure you will have the protections regular bond holders will have.

There is another investment which is under abs too. You invest and you get the assets too. You can sell back to them after x amount of years if you do not wish to own it. Limited of assets up for grab, what I heard is its pretty hot selling as in the investors would grab this opportunity to invest and perhaps sell it later.

https://www.bnm.gov.my/skimcepatkaya




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For the asset investment, there is S&P to be signed off by both parties. Loan processing through the banks. For this asset investment, quite a big amount (just like housing loan), so i did not take up. I am still sceptical actually. Attend the talk/presentation few times, i wasnt quite impressed tbh. The vibe is macam skim cepat kaya, siapa cepat dia dapat. But surprisingly, even a top insurance agent (quite high ranking) also joined and manage to pull their client to join in. It seems very promising. But again, i am scared to put in large amount of fund.

Seems you are hesistant yet you still asking ppl to join 🤦‍♀️

It is just another scam by pulling you small gains and put in more in the future

Another Zillion Wealth in the making soon 👏

This post has been edited by xander2k8: Feb 9 2023, 06:21 PM

The vibe is off, scam or no, i am not sure yet. But not asking anyone to join to invest. Just join the talk/sharing and me your own decision and perhaps share your thoughts here, on the overall sharing by them. Not

Are you conman pretending to be blur blur? LOL

This post has been edited by contestchris: Feb 10 2023, 01:25 PM

https://ytbcap.com/program-structure
Hmm, very interesting, if it's outright paying the fixed investment returns, it sounds like deposit taking scheme which is not allowed without license. But then it also talks about subscription units and the redemption page talks about utilising subscription units to redeem tickets or hotel stay etc. Means cannot get back cash?

Btw, this is probably very new, Yong Tai's last annual report for June 2022 states that this subsidiary is dormant.

What i could share is there are 3 types of investment plan offer from abs. I would say the one i invested in, i find it the safest, one year locking period despite the odd-vibe during the sharing session. Janji profit 😆
Not gonna share any further as some negative minded would assume im the sales agent, conman, scammer, blah blah.
I am gonna wait for one year to get back my fund and my monthly profit.

do you mind share to us again after 6 months maybe?
I am actually quite interested but well, I also worried it's a scam

It is scam already from the red flags yet you wanna ask 🤦‍♀️

Just be prepaid all your money to lose will picking up only scraps 🤦‍♀️

I just asking for review...
no wonder ppl scare sharing anymore here
pls be open minded la
If scam also no wrong to ask for more info right?

btw am I saying I will invest or put money in?
zzzzz triggered

This post has been edited by rae0724: Feb 12 2023, 07:44 PM

Sure, i will definitely share here. I am confident to get back all my invested fund and profit!

Yes...haha..probably he got scammed before.
But i will share the review here

I never get scammed before because I won’t put in the money for something is not possible and regulated 🤦‍♀️

Just want to wait for a year and see you pick up the scraps instead 👏

so sarcastic
behave like a mature adult lah
he/she already don't mind trying, and willing to share us the result

For sure no, he probably those type of people that need people to agree same thought with him
if you are his opposite site, then he will just think you are stupid, and use those sarcastic words with funny emoji to mock you
I mean, here's the place to share different opinion and thoughts, discussion are all welcoming, but not that type