Chop! Stamp! Signed! Confirmed... SCAM! Wipish!

http://www.btimes.com.my/Current_News/BTIM...m04.xml/Article

Edit: Fixed broken link.

Mercantile Point, Sunshine Empire under probe
Published: 2008/04/05


MERCANTILE Point Sdn Bhd and Sunshine Empire Sdn Bhd, and their related companies are under Bank Negara Malaysia investigation for possible illegal deposit taking and money laundering activities.

Mercantile Point is involved in various businesses, including trading, asset management, project and financial management, forwarding and consultancy services, while Sunshine Empire is a multi-level marketing company based in Kuala Lumpur.

In a statement yesterday, Bank Negara said it had carried out raids on Mercantile Point and its related companies on Tuesday, while raids on Sunshine Empire and its related companies were conducted yesterday.

"These raids were conducted in the premises of the companies around Kuala Lumpur following complaints received from members of the public," the central bank said, adding that relevant assets and documents of the companies were seized for the purpose of investigation.



These illegal activities are offences under subsection 25(1) Banking and Financial Institutions Act 1989 and subsection 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 respectively.

Bank Negara has called on members of the public not to place money or deposits with companies not licensed by it or to be involved in any get-rich-quick scheme to avoid losing their money.

This post has been edited by dave185: Jun 2 2008, 09:16 AM

Time to bump up this thread

It is the end of this ponzi scheme

Sunshine chief charged
He and three others are accused of running a fraudulent scheme
http://www.straitstimes.com/Breaking%2BNew...ory_334011.html

HAHAHA.. that time my friend did persuade me to join.. but i dont.




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now you can laugh at your friend back. Nothing but a sweet revenge.

He is one of the victims most probably. Caring is always much better than teasing.

Last time those SE agents now diam diam liao.

Walow...SKIM CEPAT KAYA O...

what happen to this company in Msia? i have a few friend invested heavily into this company even bought the holidays house in malacca one.. any news on this thing? dare not ask my friend about it..

If I remember correctly is a scam. The company tried to use MLM system to convince people to invest in the company, but truth is the company is nothing more than handling money in the air. Theres no concrete business etc... I wonder why would people really think money can make money without having a solid base.

so ppl are rather less smarter than some, and there is those too smart to be dumb also. The SE ppl really good at striking human weak/strong point which human are emotions by nature and when they tap really good at it, it hits the point well.

Let us care to our friend which already join this group as they also a victim. Nobody want to be cheat and it also been lie by other. Hope they will get the lesson from what have been they done past times.

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Added on February 16, 2009, 12:00 amLet us care to our friend which already join this group as they also a victim. Nobody want to be cheat and it also been lie by other. Hope they will get the lesson from what have been they done past times.



This post has been edited by kennywan: Feb 16 2009, 12:00 AM

that depends on the types of victims:


TYPE 1) those who joined this scam and didn't pester their frens to join them.

TYPE 2) those who joined this scam and promoting it to their frens to join. And when their fren don't want/discourage them, they become persuasive and don't listen to their fren's advice.

TYPE 3) same as type 2), with additional cocky behavior, like criticizing others (and their job/way of life) for not joining.


I shall care TYPE 1, but if given chance (not intentionally find them) to bumped across TYPE 2/3 victims, I shall lecture them and said "told you so!". For TYPE 3 victims, I shall laugh at them for their greediness.

This post has been edited by alanyuppie: Feb 16 2009, 10:47 AM

my friends are those type 1..feel sad for them those holiday villa not cheap though, taking loan from bank to buy the villa now tio scammed..pay 100k for nothing.. dnno that the boss is sporean...

I heard that SE was supported by Malaysian government. I read before a magazine which described how successful SE was world wide. Is it true? Is it really scam?

finally it has crash and burn... what would happen to the "investors"?

Crash and burn with 'em.

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1785

Bank Negara Malaysia Charged Sunshine Empire Sdn Bhd for Illegal Deposit Taking
Ref No: 03/09/07

Embargo: For immediate release

Bank Negara Malaysia Charged Sunshine Empire Sdn Bhd for Illegal Deposit Taking

On 13 March 2009, Bank Negara Malaysia charged Sunshine Empire Sdn. Bhd at the Kuala Lumpur Sessions Court under section 25(1) of the Banking and Financial Institutions Act 1989 (BAFIA) for accepting deposits from depositors without a valid licence.

The company was charged for accepting deposits without a valid licence at its premises in the following addresses:

Block A-11-1 (13 Floor) Penthouse, Menara Uncang Emas, 85 Jalan Loke Yew, Dang Wangi, Kuala Lumpur between 14 July 2006 to 17 October 2006 and;
Ground Floor and First Floor of KUB.com Building, 12 Jalan Yap Kwan Seng, Dang Wangi, Kuala Lumpur between 18 October 2006 to 4 April 2008.
Sunshine Empire Sdn Bhd represented by its director Mohd Azlan Bin Azman pleaded not guilty to the charge. The mention date for this case is fixed on 10 April 2009.

Members of the public are advised to be cautious not to place money or deposits with companies not licensed by Bank Negara Malaysia or other regulatory authorities. A list of all licensed institutions that accept deposits and licensed by Bank Negara Malaysia is available at www.bnm.gov.my . For further enquiries, members of the public can contact or visit Bank Negara Malaysia at:

BNMTELELINK (Customer Service Call Centre)
Tel: 1-300-88-5465
Fax: 03-2174 1515
Email: bnmtelelink@bnm.gov.my

BNMLINK (Walk-in Customer Service Centre)
Block D, Bank Negara Malaysia,
Jalan Dato' Onn, 50480 Kuala Lumpur

(Business hours: Monday - Friday, 9:00 am - 5:00 pm )



Bank Negara Malaysia
17 March 2009

© Bank Negara Malaysia, 2009. All rights reserved.

Thanks for your info. What will happen to the people who put money there???

i rmb went to their talks last year or maybe 2007...
lucky i din join coz i was lazy to do marketing stuffs...lolz
and their investment packages requires so much money...

good thing that this is over =.=

What do you mean by "good thing that this is over =.="??? SE bankrupt already???

This post has been edited by lcl832002: Mar 18 2009, 03:32 PM