They wont pay u after they pay the first few 5%.

How interesting.  Does someone have the address of this Red Island Cafe?

Does someone have the name of the owner / promoter of this Red Island Cafe?

The Securities Commission of Malaysia would love to have a chat with him / her, I am sure 

It's not so much MLM, but what they are doing is promoting the offering of shares to public which falls under the prospectus regulations of the Capital Market & Services Act.

Not to worry, I have informed the Securities Commission authorities and they will undertake their own undercover investigations.

My advice, meanwhile, is to avoid such things.

This is a SCAM !! Such schemes take money from new members to pay the old members. Better tell your friend to pray hard they will not close shop and run away before your friend get back his capital but tell your friend NOT to promote it. You never know when they will close shop. It's not worth losing friends by taking them to such schemes.

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Added on April 22, 2008, 7:45 pm

Keep it up !! Friend, such scams must be stopped !!

I heard this Red Island Cafe is just among 1 of the shop next to the Mid-point shopping centre which is very easy to find and the owner also owns the mobil phone shop next to it.

You know Sunshine Empire also using such scheme ? Sunshine Empire's boss is even smarter. Recently he claimed the Singapore government has freezed their bank account(which of course is not true, they won't be so stupid to keep all monies in the Company account) so they will not pay back the monthly dues to members. They will only pay e-points and members who earned the points are "forced" to work harder to victimise and recruit new members to take their cash to exchange for it. The reason such scams will be 100% sure-success because members who deposited their monies are afraid to lose their monies if the Company closed. Thus, they will never badmouth the Company and instead promote for them.

Even some licenesed MLM Companies are using such schemes.

Nulife from HK is using such scheme and actively recruiting members under their new scheme now. I know who is involved with them too. Can I contact the Securities Commissions authories to inform them ?

Ever thought about this.
If it was widely promoted via networking method and the food is cheap and reasonable, why would it close shop?!
You have to remember they do have an "actual" product and service to sell.

Their method is just like what playbook mentioned.

In that sense, that might be true.
Thus obviously to prevent that from happening, they would need to promote their business aggressively. Which is one of the top priority too I suppose.

I'm standing from a neutral perspective in this. Not accusing nor endorsing. Just providing points to ponder upon.

This may be useful to everyone.

How to go about reporting Investment Scams.

You can lodge a complaint by completing the following form below and faxing or sending to the address below

Investor Affairs & Complaints Department
Securities Commission
No 3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur

Tel: 603 6204 8999
Fax: 603 6204 8991
E-mail: aduan@seccom.com.my

Fill it out best you can, and draw attention to the issue.

The more people report it, the higher up the priority chain it goes to for investigation.

SC has set up a specific target time period to respond to all queries, so take advantage of this...

I guess people needs more thinking here.

say you(sleeping investor) have invested money inside and the active investor make sure you get back 5% a month and that means you get back your capital in 20months (1.75 years) - doubling your money in less than 3 years. In this case, think that you are the active investor, you need to make sure the business gets more than 5% ( or about 7-10%) every month, to make sure you get the money and some saving money for your company, isnt it?
I really need some proving from TS's approacher to convince me about it. RM6000 isnt a big sum afterall. I'll ask if they wants RM200k from me and each month i take RM10k, so i no need to work anymore. Why people bother to buy shares, forex, funds and even property to make themselves rich if there's 5% a month. I re-mortgages all my properties and pay them.

There's a topic saying "how much you need to retire?" I think RM200k, in this case.

cheers guys

I will get back to u asap.
My upline will be in KL this saturday, if u dun mind, i can arrange a time for u to meet him. I believed he can answer all ur doubts other than this issue that u raised.
Tqs for ur comment on the food, i will comment back to IRC management.

Anyone interested with the calculation then refer to my attachment...

Assumption:
1. Owner does not cash out a single cents for his remuneration
2. Raw material prices does not changes upon 5 years period
3. Amount of customer remains the same. 320 customer per day. Consume RM8/meal.
4. All expenses remains the same for the 5 years period.
[attachmentid=461211]

will check out the cash flow later...
the meeting will be on 2molo monday 6pm at IRC Cheras Pandan Indah...
anyone who interested can join...
scam or not scam, wait until 2molo judgment day as saying by silicon wiper, 

Silicon, prepare a series of question you have in your mind, write them down and do consider our statement...

Else you'll just wasting your time hearing what he/she present rather than asking what you have in your mind....

Good luck.

Anyway, personally, I still have a few questions. Maybe you can ask on-behalf of me...

1. What would happened if i would like to cash out my RM6000 after 5 years or any point of time between 5 years or after 5 years?

2. We as the shareholder of the company, do we carries voting rights? Are we the shareholder of the company or the outlet?

3. The company is limited liabilities? (Sdn Bhd?) How far is we (shareholder) liabilities? Company filed annual report? Who's the auditor or solicitor of the company?

PS: Boys, you guyz are so lucky nowaday with the available of information to make proper decision. I still remembered my father lost 100-200k hard earned money conned by those liers. Remember my word: In this real world, when you have financial relations, no one is friends.

So how's ur evaluation towards this investment scheme?

As i would only say GOOD LUCK for those invested in IRC.

Cappucino, as you said you invested in.. who is your sponsor?? and do you know Calvin Lim and David Lim???

Yes... Personally i know them for more than 5 years alr.... Calvin is not just a ex-MLM partners of mine... he is my friend as well.

You know them??