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 WCEI, is this legit company?

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Osho
post Jan 28 2026, 09:28 PM
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QUOTE(MUM @ Jan 26 2026, 01:22 PM)
Thestar and some other media also reported that collaboration between WCEI-GUC to introduce professional certification in financial quotient.

That collaboration event happened in Jun 2023.

Was Wcei Academy a "reported" scam by any authorities in Malaysia back in June 2023?
If it had been a reported scam back in 2023, Would GUC collaborated with WCEI Academy back in June 2023?

Even MAS SG, in May 2025, ( 2 years after that Wcei-Guc collaboration reports by Thestar).....only alerted it as "may be or may have been wrongly perceived as being licensed or in any other way authorised or regulated by MAS."

Did not mention it as a scam or are there any reported police report made against WCEI Academy for being a scam?

I could have missed it, could someone direct me to articles linking WCEI Academy had scammed people and police reports had been made and police had taken actions against those criminals?
Thks

Btw
In Nov 2023, Choo was seen standing among some top financial leaders on stage and even The Malaysian Book of Records also recognised WCEI for remarkable achievements in the fields of financial intelligence and education, under the category “Largest Financial Quotient for Entrepreneurs Convocation.”
https://www.thestar.com.my/starpicks/2023/1...reedom-together
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No police report yet as they're still paying, but doesn't mean this is sustainable.

They pay 12% for getting people joining the scheme under you. This is classic Ponzi and will collapse over time.
MUM
post Jan 29 2026, 05:58 AM
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QUOTE(Osho @ Jan 28 2026, 09:28 PM)
No police report yet as they're still paying, but doesn't mean this is sustainable.

They pay 12% for getting people joining the scheme under you. This is classic Ponzi and will collapse over time.
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Paying 12% for every new client's money does not mean it is not sustainable. Insurance companies pays more than that.

Eventhough with current information of, "No police report yet as they're still paying"
BUT, More information are required to judge better if it is legit and sustainable.
Examples
How long has this scheme been in operation?
Is it operated by WCEI ACADEMY or some other entity which you deemed, perceived and believed are WCEI ACADEMY which are actual not?
Is the receipt document for your investment payment issued with/under WCEI ACADEMY letterhead?
Is WCEI ACADEMY licensed by SC or BNM to do that collects money and invest?
Your money will be used for what investments?
How much ROI does it gives out pa?
Is this ROI a fixed % amount?
How is the payment frequency?

Where to get more info?

XXXXXXXXXXXXXXXXXXXXXXX
But if some entity sell you a DREAM,

like "They tell their "investors" that they no need to comply with Malaysian regulations because they're going to get listed in NASDAQ and not Malaysia. They say their money can be 20x return in 2029 when they get listed in NASDAQ"

And if you believed in that dream and invested in that dream. Just continue to dream on and keep dreaming, as waking up maybe too painful.

Something of similar dream as in this lyn thread?
Agape - health products, discuss if any good
https://forum.lowyat.net/topic/1629823

This post has been edited by MUM: Jan 29 2026, 08:07 AM


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laitlee
post Feb 9 2026, 12:13 PM
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QUOTE(Osho @ Jan 25 2026, 04:13 PM)
I don't know if Genovasi University College is associated with https://www.genovasi-scope.edu.my/ but the latter is partnering with WCEI Academy which is a ponzi scheme which scams gullible Malaysian money to invest in their company in Seychelles.

Their website www.wceiacademy.com is no longer accessible.

They tell their "investors" that they no need to comply with Malaysian regulations because they're going to get listed in NASDAQ and not Malaysia. They say their money can be 20x return in 2029 when they get listed in NASDAQ. They don't provide a share certificate and are not in the SSM register of members.

The dividend they pay is in CASH and not via bank (they tell their "investors" that they want to save on bank fees.)

Why does Genovasi partner with a fake Dr (Stephen Choo) with Doctorate from Apollos University (a degree mill which closed in 2024)?
Why does The Star report news on a scam academy? (They show investors your article to validate their investment)
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TV3 the government tv has approach to interview of his investment and building a academy in future. If a government TV can interview do you think it is a fake. Check youtube
laitlee
post Feb 14 2026, 09:13 PM
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QUOTE(MUM @ Jan 29 2026, 05:58 AM)
Paying 12% for every new client's money does not mean it is not sustainable. Insurance companies pays more than that.

Eventhough with current information of, "No police report yet as they're still paying"
BUT, More information are required to judge better if it is legit and sustainable.
Examples
How long has this scheme been in operation?
Is it operated by WCEI ACADEMY or some other entity which you deemed, perceived and believed are WCEI ACADEMY which are actual not?
Is the receipt document for your investment payment issued with/under WCEI ACADEMY letterhead?
Is WCEI ACADEMY licensed by SC or BNM to do that collects money and invest?
Your money will be used for what investments?
How much ROI does it gives out pa?
Is this ROI a fixed % amount?
How is the payment frequency?

Where to get more info?

XXXXXXXXXXXXXXXXXXXXXXX
But if some entity sell you a DREAM,

like "They tell their "investors" that they no need to comply with Malaysian regulations because they're going to get listed in NASDAQ and not Malaysia. They say their money can be 20x return in 2029 when they get listed in NASDAQ"

And if you believed in that dream and invested in that dream. Just continue to dream on and keep dreaming, as waking up maybe too painful.

Something of similar dream as in this lyn thread?
Agape - health products, discuss if any good
https://forum.lowyat.net/topic/1629823
*
Any investing has high risk even you know how to play along on for example Versa. It stated High, Moderate , Low before you invest.
For this WI they invest in Equity and IPO. Their project is to build a university in MY and then listing in Nasdaq. While you can invest into and be one of the Shareholder.

Want to know more information can PM.








MUM
post Feb 14 2026, 09:34 PM
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QUOTE(laitlee @ Feb 14 2026, 09:13 PM)
Any investing has high risk even you know how to play along on for example Versa. It stated High, Moderate , Low before you invest.
For this WI they invest in Equity and IPO. Their project is to build a university in MY and then listing in Nasdaq. While you can invest into and be one of the Shareholder.

Want to know more information can PM.
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Thanks for telling.

I don't see the point and benefits of me to pour money in; just to have the title of shareholder, when I dont hv the time to wait for "Their project is to build a university in MY and then listing in Nasdaq" to materialise, be profitable and beable to get all my capital and profits back.

Btw,
Are they "said to be" going to be listed in Nasdaq Capital Market listing tier of Nasdaq Exchange?

This post has been edited by MUM: Feb 18 2026, 09:01 AM
commonsense
post Apr 16 2026, 08:11 AM
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What is this investment actually? put in money and then when can get return? yearly payout?

This post has been edited by commonsense: Apr 16 2026, 08:11 AM

 

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