Warning From Securities Commission of Malaysia

Dear Sir,



We refer to your complaint regarding Sunshine Empire. We wish to inform you that Sunshine Empire is not an entity licensed by the Securities Commission ("SC" ) of Malaysia. Individuals or organisations engaged in the securities or futures industry in Malaysia come under the regulatory oversight of the SC and must be licensed by the SC for any activities involving dealing in securities or futures or providing investment advice or fund management services related to securities or future. Investment schemes offered to the Malaysian public involving securities or futures and options that are operated by unlicensed entities would be in breach of the law. The SC will take action if any person/s are found to be in breach of securities laws. For details on entities licensed by the SC you may wish to refer to our website at www.sc.com.my. 



We have also verified the status of Sunshine Empire with the Ministry of Domestic Trade and Consumer Affairs, and have been informed that no license has been issued to Sunshine Empire to carry out multi-level marketing activities in Malaysia. 

We would appreciate it, if you could provide us with more details of the nature of the investment opportunity offered to you including any documentation or information you may have received from the company to facilitate further review of the matter.

We look forward to you reply soonest. Thank you. 

Yours sincerely, 

Securities Commission

Investor Affairs & Complaints

News from Oriental Daily News - Translate Version

(Kuala Lumpur, on the 13th) - Securities Commission (SC) and the National Bank (BNM) while repeatedly reminded the public not to be approved investment in the absence of the high investment returns, but such investment company continues active. At present, under the "need vigilance," the number of companies it had reached 68. 


According to the Securities Commission to provide oversight to the latest data suggests that there is no access to the Commission and the National Bank approval to the sale of securities or to provide investment advice and fund management companies or among several website, as many as 68, and Sunshine Empire is the latest of which was included in the name. 

Several readers also provide information to this newspaper that a company called Sunshine Empire to provide substantial returns dollar investment plan. The sale of the company bought three kinds of ancillary sell fiery, dramatic increase in the number of members, are among investors mostly ethnic Chinese. 

Securities Commission accept the "Oriental Daily News" inquiry, pointed out that the Sunshine Empire no operating license fund management or investment advisory services. By promoting public investment companies before identifying the background. Securities Commission spokesman said that in the absence of licenses available to the public under the securities or futures investment company, is in conflict with the Securities Act at all. 

This pyramid schemes claiming to be the transnational companies in Malaysia to set up nearly one year to members of pyramid investment to the supremacy of charge from 600 million ringgit of ringgit funds, and then regular monthly cash distribution to the members and agreed to 10 months "to the" can be described as lucrative. 

The National Banking and Securities Commission unanimously denied a license to the company by pyramid schemes, pyramid schemes and said that the company is monitoring the activities and mode of operation; The Domestic Trade and Consumer Affairs Ministry said, the company only to companies registered with no direct access to operating licenses MLM business. 

On the other hand, as a central bank Monetary Authority of Singapore (MAS), also means the company has not received license approval. The Monetary Authority of Singapore has been on the website, to the company as investors need to be wary of companies. Malaysian National Bank spokesman clarified that the country will not permit this to the company, allowing the company to collect deposits Member (deposit taking), the trip has been an investigation on the matter, currently overseeing the company's operations and activities. "Member companies taking deposits, the country should apply for a license, but they did not do so." 

He said that to investors or members of illegal taking deposits, consistent with 1989 banks and financial institutions Act 25 (1) the provision. As countries, the process is still collecting information at this stage-country trip only issued warnings, urged investors to stay away from these investment company. Under existing law, once convicted, is liable to imprisonment of up to 10 years or a fine of 10 million ringgit, or both.

it is also in the investor alert list by monetory authority of singapore

http://www.moneysense.gov.sg/check_our_lis...Portal_IAL.html

Sunshine Empire has all the characteristics of a scam company. High return (so high it's crazy).

Once your money is in... it will never come out. The company will persuade you to keep re-investing your 'money'/points. Then when you try to take out your money, there just an endless dragging to pay you back. They'll drag & drag & drag until one fine day... poof, it just disappears.

My advice is don't do it, for your own conscience. Listen to your instinct, m8. If you came here to ask, that means there's something you suspect is not right. If it is too good to be true, then it is.

My mom went to it's seminar. It was nothing but mind-twisting jibberish. It never detailed it's business plan/concept for everyone. Just talk cock only. It just lightly mention this and that about it's 'business'.

If you really want to invest, you will want more details than that. Ask for prospectus, annual report, quaterly report, financial statement, shareholders' report, investors report, search the website, google it...

And the session is organised like a college club style. Fun and mind-twisting, trying to herd everyone into writing cheques together-gether. It's almost like a cult. They way people behave to make the payments is like a stampede, they are all blinded by money.

And where's the receipt? Where's the proper paperwork? Why do you even need to convert money into points?

ARE YOU REALLY... REALLY SURE YOU WANT TO GET INVOLVED IN ALL THESE?!
Better be safe than sorry. There are better ways to invest your money.

P.S. and don't keep quiet about this. Tell your friends and let them know the risks (there's actually no risk, it's guaranteed you kena scam), before they pay the company.

I found this phrase is something wrong with its word. Is it needed to emphasis your businesses are legal? while joining member won't be harmed?

The company also involve in finance, insurance, telecommunication? if it does then what a congolmerate. Then why it is under the scurinitised by Singapore, Malaysia as well as China authorities, those businesses are perfectly legal, what?

Confused confused   

Normally rich people won't claim he/she is rich, smart people won't claim they are smart, this is as far as I know.

So far, in information ages *based on internet application, google is the most successful party as to date.

Just hope to clear up the situation. As the more we read the more we are confused now. 

I think they have a post on this a long time ago..

http://forum.lowyat.net/topic/457168

there is always ppl blinded by greed, this is why this kind of ponzi scheme always have ppl to con. ppl always want to believe there is a easy way to earn big bucks. these kind of company just make up nice stories about how revolutionary their business concept is and the fabulous return they will give out.

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..

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

The sunshine villa malacca still being process right? How if the application successful process? If really happen on that time, what will you feel? And what you will say?

which year is the project started? all these event happen before June 2003. 

SUNSHINE EMPIRE PTE. LTD.
f.k.a NIUTREND INTERNATIONAL PTE. LTD. <-- failure MLM that had scam most singaporean . 2003   (Note: NOT date of name change)

EMPIRE GROUP ALLIANCE PTE. LTD.
f.k.a HEALTH & BEAUTY CREATION INTERNATIONAL PTE. LTD. 2003 (Note: NOT date of name change)

I'm the . If Mr. James Phang success one day, then i still want you to discuss & reply in this forum and don't hide yourself away from this forum, ok?

Yeah, I'm a fair listener, i just accept for the proven & things already happened. So nowadays i still can't see Mr. James Phang had fallen, so i just believe in the things already happened, don't mistaken that i'm not the SE member, i just want to grab more opinion from the member here and research what they all thinking.

I think you have six sense right? You know James Phang will fall one day, but nowadays we still can't get any proven documents that this company is illegal and the gov still doing investigation. May i ask you what will happen to bill gates after 24 hours? Maybe microsoft market will fall and replaced by linux or apple, do you know that? I think you should know right? Coz you got six sense.

Sunshine Empire not a member of DSAS 

WE REFER to the article, 'Multi-level marketing firm placed on MAS alert list' (ST, Oct 24).
Pyramid schemes, illegal in Singapore, usually have one or more of the following characteristics: (1) commonly make nearly all the profits from recruiting or signing up new distributors either directly or indirectly, (2) do not provide any buy-back guarantee and (3) generally are not concerned with sales of products to end-users.

Hence, it is no surprise that no matter how lucrative something might sound, the schemes will eventually collapse - and participants get hurt financially. Comparing a company's marketing plan against these three red flags will be helpful in preventing oneself from falling victim to get-rich-quick schemes.

On the other hand, multi-level marketing (MLM) is a marketing channel, just as retail is a marketing channel. Anyone who meets the basic requirements to set up a company in Singapore is free to choose retail or MLM principles as a marketing channel.

It is conceivable that some companies masquerade as legitimate MLM companies when they are actually operating illegal pyramid schemes. It is a commercial crime to operate pyramid schemes in Singapore. We encourage the public to report suspicious schemes to the Commercial Affairs Department (CAD) and the Consumers Association of Singapore (Case). Please refer to the FAQ section of our website www.dsas.org.sg for details.

The Direct Selling Association of Singapore (DSAS), set up in 1976 to promote the bona fide direct selling industry, is a non-government, not-for-profit organisation. Before any direct-selling company is admitted as a member, its marketing plan must have been vetted by a panel of lawyers for adherence to the various local Acts, the terms and conditions approved by the Membership Review Committee and final approval granted by the Executive Committee. Member companies take pride in having passed the stringent selection criteria, and that the association requires member companies to uphold its Code of Ethics and Conduct rigorously. The public can view DSAS membership as a good assurance of legal and ethical business practices of its member companies.

Sunshine Empire is not a member of DSAS. The DSAS is not the authority with vested powers to deny an operating licence to companies, shut down companies or punish office bearers of companies that flout Singapore laws. Complaints about non-member companies which we have no jurisdiction over are relayed to the authorities, namely Case and CAD.

Nicholas Chia

Chairman, DSAS
http://www.straitstimes.com/ST+Forum/Onlin...ory_170722.html

lol.. after much analyzation???!?!? is that even a word?

anyway.. if you did your homework, give us some name of the so call rich people and the so call 'ganster' please.

based on track record, after he scammed the public, he did not run away.

he just erected another company with a different company and a different way of playing the game.

why are you so blind in seeing that?

SUNSHINE EMPIRE PTE. LTD.
f.k.a NIUTREND INTERNATIONAL PTE. LTD.   2003   (Note: NOT date of name change)

EMPIRE GROUP ALLIANCE PTE. LTD.
f.k.a HEALTH & BEAUTY CREATION INTERNATIONAL PTE. LTD.  2003 (Note: NOT date of name change)

By the time it happens, it's already too late.

Unlike rstusa, I'm not going to give them the benefit of doubt. There's no doubt about it. There's the history, the negative track record, there's all the signals, all the characteristics, all the thing James P said... etc...
You just need to open your eyes to see it. So what if it makes hell lot of money?! It's not honest money. And I don't want it.

TS also hilang already (I hope she didn't gave away her money). Those SE agents also MIA.
As the saying goes, Elvis has left the building.

wah, why suddenly hav microsoft come out de =.=
somemore have gangster tim, out of topic la wei, what era now oh, still kill he kill she meh...
ya, i know that james phang history, he have failed b4 and have negative record...
but then, he willing to try again, he willing try to sucess his MLM business once again ...
impossible a couple break up because of the boy, the boy won't get any gf after this gua... (just a examples la, dun shoot me =p)

as everything i check at malaysia, SE have been approved by KPDN for doing MLM business, but within 1 week time, KPDN have received not more than 10 ppl asking about whether this company is a scam company or not, so KPDN have stop giving out the license and investigate SE company.

KPDN told that SE will get their MLM license once their name have been remove from investor alert by SC. SE lawyer is having discussion with SC now, SC told that will still investigate SE company futher more few months, if prove that between this few months didn't have any people get scammed or the person that complaint about SE is getting reduce, SC will remove SE name from the investor alert list. (This case is similar to well known MLM company that selling perfume befor)

because lots of SE members didn't use the correct way to explain to their prospect, claim that this is a investment plan or investment company, actually not, we are doing MLM business. We buy package, having Mall Point, redeem items at e-shop, company earn money, monthly 10% turn over for members rebate...

at singapore, SE have been put at MAS investor alert list, because last year Oktober or September(not very sure which month), SE started rebate reward to members, few of Singapore bank short of money because SE members is withdrawal their bonus.... So MAS have put SE in investor alert list, as the money that withdrawal is a large amount...

Nowadays at Singapore, when SE members gonna withdrawal money from bank, they will requested fill up a form, check whether SE company is MLM business or Investment business, and have been SE delay urs bonus before...

that's all i can explain, since this thread is about discuss only, there is no need having flame or any argue at here, SE members didn't hard sell at here, try to be peace and cool down discuss about this company.

Any people have their own choice where to put their money, as you dislike MLM business, you can out of this, we are not forcing whole world gonna join us or under our company... correct? You want to put your money at where is yours dicision, we can't control.

I will try harder to answer anyone with my knowledge, but hope that didn't turn this thread to a flame thread, thanks.

INVESTOR ALERT LIST

Who may provide financial services in Singapore?

Persons providing financial services in Singapore are required to be licensed, exempt or otherwise regulated by the Monetary Authority of Singapore (MAS) to carry out activities regulated under the relevant laws administered by MAS.

The names of regulated persons in respect of the provision of financial services under the various Acts administered by MAS are listed on MAS' website in the Financial Institutions Directory.



Why should consumers not deal with unregulated persons?

Consumers are strongly encouraged to deal only with persons that are regulated by MAS.  MAS' regulatory regime aims at safeguarding the interests of consumers by ensuring that only competent and professional persons may provide financial services.  If a consumer chooses to deal with persons that are not regulated by MAS, he forgoes the protection afforded under laws administered by MAS, particularly if these persons are based overseas.



Consumer alert on the pitfalls of dealing with unregulated persons

MoneySENSE has issued a consumer alert highlighting the common techniques used by persons that are not regulated by MAS to solicit business and the risks involved.  The alert also informs consumers of the steps they can take to protect themselves. Click here to read the article.



The Investor Alert List

From time to time, MAS receives information on persons who are possibly conducting activities regulated by MAS without authorisation. These persons may target Singapore consumers, or overseas consumers by giving them the false impression that they are operating in Singapore.  Some of these unregulated persons may sometimes use names similar to that of entities regulated by MAS.

Consumers should exercise care when dealing with these persons. Overseas consumers who receive solicitations by persons who claim to have an operation in Singapore should also exercise care and check if they are in fact dealing with persons who are regulated by MAS.

Below is a list of persons, on whom MAS has received information, who are not authorised by MAS in respect of the carrying on of regulated activities. The list is not exhaustive and will be updated.
http://www.mas.gov.sg/index.html