so far there is still nothing wrong with the SE, security commision of malaysia and sg just blacklist them bcoz has no legal permit to accept investment from public. in these kind of situation, the only proof saying SE is scam is when they run away with the money..
.. when they run with the money.. it too late already
But they said got RM3billion project in kl & melaka so the gov won't simply take action to their company, coz they said the RM3billion can help country and stop the gov taking action to them.
Would You Believe? WHAT WATER THEME PARK PROJECTS ?
Blacklisted S'pore MLM company unveils lavish M'sian developments. But M'sian authorities say...
Project: Sunshine Villa, Malacca. Status: Unknown.
The audience was told: 'To believe or not to believe is up to you.'
Sunshine Empire, a multi-level marketing (MLM) firm, is now on the radar of the Monetary Authority of Singapore (MAS). Though MLM companies are legal here, MAS has included the firm on its list of unauthorised companies that investors should avoid.
The Securities Commission in Malaysia has also listed Sunshine Empire on its investor-alert list. It advised the public not to make any investment with companies that are not licensed or approved by it.
The commission's website noted: 'Offers often come in the guise of seemingly attractive investment opportunities or schemes and may also be camouflaged as direct-selling or business opportunities.'
In Singapore, a visit to Sunshine Empire's office in Toa Payoh Hub saw several people there holding stacks of cash, presumably to pay for their investment.
One man had a thick stack of Indonesian rupiah.
"It is a positive things that the ST (Straits Times) did not call Sunshine Empire a scam, or say it is illegal - it merely said that the public should 'take care'. - Sunshine Empire Asia Pacific president Jackie Hoo in a memo to merchants and staff posted on Wednesday on the company website.
Earlier, they had been given a brief overview of 'the Empire', as it is called, detailing its ventures in a range of businesses from telecommunications to health to property.
A representative showed various slides of the company's regional projects, including two impressive marine theme park developments in Malacca and Sabah.
Graphics of the park in Malacca showed an intricate network of floating villas and structures on the water which formed the shape of a lion's head. The park also has an adjoining condominium project.
Artists' impressions of the park in Sabah, called The Magic Kingdom, showed a lavish underwater hotel.
An aerial view showed a network of structures in the water which took the shape of an lobster. These structures are purportedly underwater hotel rooms.
'You can open the curtains to your room and see your friends swimming outside,' the representative said.
However, the Malaysian authorities appeared to be unaware of the projects.
When contacted by The New Paper on Sunday, the press secretary to the Minister of Tourism, Culture and Environment Sabah, MrFrancis Au Chee Thong, said he had not heard about the Empire's plan to build a water theme park in Sabah.
Mr Au said: 'To our Ministry's knowledge, we have no information relating to a water theme park project.
'And, at this point, there is no such project that is under construction or in progress in Sabah at the moment.'
As for the project in Malacca, Datuk Zaini Md Nor, the mayor of Malacca City Council, told The New Paper on Sunday that the council had indeed received an application in August for approval of a piece of 0.87-ha land (slightly larger than a football field).
The land, located at Pekan Klebang, is listed under developer Empire Property Venture, an affiliate of Sunshine Empire. It is supposed to be for a commercial building.
However, the mayor said the application is still being processed.
On the water theme park, Datuk Zaini said: 'No application has been made to the city Council for the building of a water theme park till today.'
Nevertheless, the Empire's projects were not the only thing that impressed visitors.
Its sprawling office on the seventh floor of Toa Payoh Hub exudes opulence. Crystal chandeliers cascade from the ceiling and the marble walls are trimmed in gold.
The company's logo - a lion's head - is imprinted everywhere, from the carpet to a painting spanning an entire wall of the lobby.
At the reception was a stream of people queuing up to hand money to the receptionists. At least two people in the queue held wads of $50 notes.
The New Paper on Sunday had earlier phoned the number listed on the Sunshine Empire website and the woman who answered said it was not an investment company.
She also asked for the name of our 'introducer' and recommended we attend the 8pm presentation.
http://newpaper.asia1.com.sg/news/story/0,...,146134,00.html