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 Steven's Corner Brand New Look, what if it looks like coffee bean?

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Jean72
post Jun 27 2008, 02:34 PM

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QUOTE(siliconwiper.com @ Jun 27 2008, 02:23 PM)
Well thanks again Jean,,,and can the statement from SC confirm this is a scam?

anyway license are needed for collecting public money for investment while accepting money to buy prepaid food or membership programs are not mandatory to owned any specific public money collecting licenses from the authorities...right??? can help comment...TQTQ  hmm.gif
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But having to provide return from the RM 3000 would be deems as a form of investment, won't it? At least this is the impression I got from you all these while. I am not sure the others...

From the start till now, I have never used the word "scam" because I can't confirm that. My objective is never to prove you wrong or to prove anyone here right, I am merely interested to make sure the members and the potential members' welfare is protected.


cherroy
post Jun 27 2008, 04:37 PM

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Based on the SC reply as Jean72 posted, it appears SC's is not a investment scheme, because it doesn't involved in public investment issue or collecting money from public for investment, based on the reply from SC. You need SC approval to do it.
So with reply of no securities involved as mentioned so it is more appropirate under prepaid scheme aka prepaid and eat. Prepaid issue is not under SC control so don't need SC approval, it is under BNM.

PS: I am not commenting on this issue, just based the interpretation from the SC reply as Jean72 posted.

This post has been edited by cherroy: Jun 27 2008, 05:03 PM
fastcx
post Jun 27 2008, 08:22 PM

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Steven's corner isn't a small mamak stall, n from my understanding, i can always c oug,genting klang, n pandan jaya SC have lots of customers! in any logical mind and common sense, it tells me they don't need to collect money from me to start other branch! if they dnt hv the kind of money to expand, dont expand! simple logic! either there is some1 using Steven's Corner's name to create SCAM or Steven's Corner really out of their mind

This post has been edited by fastcx: Jun 27 2008, 08:32 PM
TSsiliconwiper.com
post Jun 27 2008, 10:15 PM

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QUOTE(Jean72 @ Jun 27 2008, 02:34 PM)
But having to provide return from the RM 3000 would be deems as a form of investment, won't it? At least this is the impression I got from you all these while. I am not sure the others...

From the start till now, I have never used the word "scam" because I can't confirm that.  My objective is never to prove you wrong or to prove anyone here right, I am merely interested to make sure the members and the potential members' welfare is protected.
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alright....times will tell....anyway new updates for you all chk out the Sunway Pyramid Website of the FnB section where Steven's Tea Garden is in the listing. enjoy! click on this -->> STG in Sunway Pyramid


Added on June 27, 2008, 10:20 pm
QUOTE(fastcx @ Jun 27 2008, 08:22 PM)
Steven's corner isn't a small mamak stall, n from my understanding, i can always c oug,genting klang, n pandan jaya SC have lots of customers! in any logical mind and common sense, it tells me they don't need to collect money from me to start other branch! if they dnt hv the kind of money to expand, dont expand! simple logic! either there is some1 using Steven's Corner's name to create SCAM or Steven's Corner really out of their mind
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bro, see the june issue of Corporate Journey Chinese Business magazines ..all the Steven's brother is there to tell you How and why...then better still go to any stevens corner and ask the owner lo......yeah just to let you know Sunway Pyramid website in FnB section http://www.sunway.com.my/pyramid/tenants/t...&%20Beverage%20

This post has been edited by siliconwiper.com: Jun 27 2008, 10:20 PM
TSsiliconwiper.com
post Jun 27 2008, 11:48 PM

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QUOTE(chatwarrior @ Jun 27 2008, 10:40 PM)
You have a point. But right now, everyone involved knew it's Steven Corner.
There are possibilities that when a SCAM is over, everyone can deny and claim someone lese is using their name.

This has happened before. A few years ago, www.bighoohaa.com used MLM method and claimed to be owned by Berjaya went off with a lot of money. After nearly 1 year, all the people involved claimed the Company behind it ran away and when someone called up Berjaya Group, they said they never heard or know anything. The irony is during the time that website was in operation collecting monies, their website had nearly all of Berjaya's subsidiaries mentioned and that website could stay throughout the scam period for nearly one year.

So in the case od Steven's Corner, as it is using a pyramid system, lets say if everyone in Malaysia joined in and if there is no more new members to join, the operators scan just go off or just close off the old mamak stall and the new one Steven's Tea Graden can claim they are not the one operating the MLM membership, or vice-versa.

There are many ways that a Company can cheap, in different names.


Added on June 27, 2008, 10:49 pm
Exactly. The operators can give the explaination that they are not collecting money for "investment" but collecting money for "prepaid to eat". No it's definitely legal.
The suspicious factor is not on the "reason" or "excuse" for the money collected but how the "method" the money is collected. Our promoter SilliCon here never mentioned on the recuitment part which they are using the MLM system, I wonder why ? He probablky know that by admitting to MLM or pyramid scheme, we can SMELL scams better.

So one should ask whether they have a direct-selling license to operate such a scheme. Anyway, even if they have a license(which is easily bought from another Company for around RM70K to RM100K), it couyld still be a scam.

It has been the same for all pyramid scams in the past. The SC will always reply that such schemes have nothing to do with them.

I wonder if SilliCon can give details of the commissons pay scheme here to shair with us ?


Added on June 27, 2008, 10:53 pm
Take note. There are at least 3 different Stevens Corner Sdn Bhd here. Let's say one or 2 go bust, bankrupt or caught, the others Company will not be affected, just transfer all the funds and can still continue running business.
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the pic is wrong typo lah...somemore else...i think we can't even discuss MLM here right? not even mentioning do STG plan to recruit via MLM..anyway...not matter wat we have or dun have u will 100% consider this a scam....i guess you'd been using incompatible comparison....like you say exm of Berjaya....come man...does this make sense to smart ppl like ? "After nearly 1 year," call up the owner now la..or you want me to recommend him to you? don't wait untill 1 year.. kelakar la yuuu.....


Added on June 27, 2008, 11:54 pmall viewer pls go chk this Thanks http://www.sunwaypyramid.com/tenants/tenantslisting.asp look at FnB section and see whether Steven's Tea Garden is in there...Thank you.

This post has been edited by siliconwiper.com: Jun 27 2008, 11:54 PM
chippy09
post Jun 28 2008, 01:14 AM

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i wont put any money in any scheme AT ALL that was created by bunch of ex-boss of mlm aka scam such as e-barrel.....

fortunately they won't able to scam any of lowyat members rclxms.gif

WHY WOULD ANY LEGITIMATE COMPANY DO THAT?!!

This post has been edited by chippy09: Jun 28 2008, 01:19 AM
TSsiliconwiper.com
post Jun 28 2008, 03:11 PM

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QUOTE(chippy09 @ Jun 28 2008, 01:14 AM)
i wont put any money in any scheme AT ALL that was created by bunch of ex-boss of mlm aka scam such as e-barrel.....

fortunately they won't able to scam any of lowyat members  rclxms.gif

WHY WOULD ANY LEGITIMATE COMPANY DO THAT?!!
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you mean stevens corner boss is ex MLM scammer? what is this e barrel do? got website? pls PM me the link..Thks.
wodenus
post Jun 28 2008, 05:50 PM

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QUOTE(siliconwiper.com @ Jun 28 2008, 03:11 PM)
you mean stevens corner boss is ex MLM scammer? what is this e barrel do? got website? pls PM me the link..Thks.
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Now this sounds interesting. Right now, scam or no scam, it's just an illegal deposit-taking scheme. If anyone has proof that they're ex-scammers then it will get very interesting. Whether they're planning to run or not no one knows. The plan is hugely risky though, this sounds like a HYIP, very much like Red Island Cafe (forum.lowyat.net/topic/615035).



SKY 1809
post Jun 28 2008, 09:07 PM

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There is always a grey area of the law, where SC and BNM might not be authorised to act.

So the intention of the company counts , good or bad , the customers have to decide.

However, if people still decide to join after so many advices given, then it is their choice and money.

This post has been edited by SKY 1809: Jun 28 2008, 09:10 PM
TSsiliconwiper.com
post Jun 29 2008, 04:13 AM

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yup.. this gets interesting too...well did anyone did really bother to chk the Sunway Pyramid Website to see is STG going in the merchant list? or perhaps did anyone will ever got see the on going construction of the First STG outlet now in Sunway Pyramid?. Time will tell and anyway...join or not join is not my purpose here...this forum is created for the sake of sharing purpose and for others it is for warning the viewer not to join. So please read replies before this to see how interesting it gets. rolleyes.gif
firecrac
post Jun 29 2008, 06:58 AM

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wow.. congrate if u are one of them..
i working with sunway, ya..i saw them under the tenant list already.
good sourcing of money with this way..
cant believe it involve lowyat-ian..
anyway... keep going ya smile.gif

This post has been edited by firecrac: Jun 29 2008, 07:01 AM
cherroy
post Jun 29 2008, 10:39 AM

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Since SC's is not a investment scheme (based on SC reply), so there is no issue join or not join, as those money from individual public is not investing in SC as one doesn't become shareholders or whatsoever based on the letter reply on SC, so if the SC's scheme is legitimate, the RM3000 is just a prepaid which they give extra bonus in their prepaid scheme.

Above statement is based on interpretation from information gathered by forumers. Not based on opinion.

I have not comment on the SC issue until it is clear.

This post has been edited by cherroy: Jun 29 2008, 10:41 AM
ammar
post Jun 30 2008, 09:41 AM

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thanks for telling us dude. appreciate it.
TSsiliconwiper.com
post Jun 30 2008, 10:28 AM

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QUOTE(firecrac @ Jun 29 2008, 06:58 AM)
wow.. congrate if u are one of them..
i working with sunway, ya..i saw them under the tenant list already.
good sourcing of money with this way..
cant believe it involve lowyat-ian..
anyway... keep going ya smile.gif
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Firecrac,
Thanks for informing others and do drop by sometime when it is officially operating.


Added on June 30, 2008, 10:31 am
QUOTE(cherroy @ Jun 29 2008, 10:39 AM)
Since SC's is not a investment scheme (based on SC reply), so there is no issue join or not join, as those money from individual public is not investing in SC as one doesn't become shareholders or whatsoever based on the letter reply on SC, so if the SC's scheme is legitimate, the RM3000 is just a prepaid which they give extra bonus in their prepaid scheme.

Above statement is based on interpretation from information gathered by forumers. Not based on opinion.

I have not comment on the SC issue until it is clear.
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cherroy,
Thanks for the neutral comment.Actually the SC your mentioning here is referring to Security Commission or Steven's Corner....anyway it is Steven's Tea Garden (STG)...

This post has been edited by siliconwiper.com: Jun 30 2008, 10:31 AM
cherroy
post Jun 30 2008, 10:36 AM

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QUOTE(siliconwiper.com @ Jun 30 2008, 10:28 AM)
cherroy,
Thanks for the neutral comment.Actually the SC your mentioning here is referring to Security Commission or Steven's Corner....anyway it is Steven's Tea Garden (STG)...
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Errr.... I am confused now, it is Steven's Corner or Steven's Tea Garden that we are discussing on?

Please bare with me, as I don't follow this thread closely, just look at thread title (Steven's Corner) only.

TSsiliconwiper.com
post Jun 30 2008, 10:37 AM

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QUOTE(chatwarrior @ Jun 29 2008, 03:59 PM)
This is definitely a MLM scheme. Silicon has also used other nickname, chrissolution to do recruitment in another forum PJ net. Sililcon will not admit that this is MLM for 3 reasons:

a) MLM promotion is not allowed here,

b) Steven Corners, at this moment do not have a direct-sale license, so they will not admit it's MLM. But they have appointed some people to bargain around for a MLM Company at the cheapest price possible. Once achieved, they can do this business more openly,

c) Admitting that it is MLM will turn-off many people, so they rather not admit it.(although sonner or later, they must get a MLM license in order to make their business more legal-appearing.)

Right ? Silicon ? If you don't get any benefits, will anyone like you want to promote for them ? Unless you are representing the Stevens Corner.

To those who don't believe, just walk right in to Stevens Corner and ask around, someone will be most willing to occupied there. More than 50% of their tables are occupied by their members-customers every night, trying to prey on their new victims.

Or you may also google, I already found a site with someone clearly stating the whole MLM scheme.

Steven Corners boss is NOT a ex-MLMers but they got involved with some ex-MLMers to do this new scheme after they saw the nearby Island Red Cafe did well.

It will not make any difference whether a scam is own by any ex-Conman, ex-MLMers or not. Any scammer or conman have their FIRST job. After that, they will be EX.


Added on June 29, 2008, 4:05 pmI wish to add that telling people that Steven Corners have been listed as a tenant in Sunway Pyramid do NOT mean much and also do not mean that it is a safe, honest or genuine business.

The lot and money spent in Sunway pryamid is NOTHING much compared to what Sunshine Empire spent and occupied in Jalan Yap Kwan Seng.

It is the ways and methods that this Steven Corners and someone active here promoting it that showed this whole scheme is SUSPICIOUS and I will call it a scam !!

Google and read more about MLM pyramid schemes and ponzi schemes.
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Brother...you always ask ppl to do this and do that..but did you do IT???? "To those who don't believe, just walk right in to Stevens Corner and ask around, someone will be most willing to occupied there. More than 50% of their tables are occupied by their members-customers every night, trying to prey on their new victims." Did you go ask table to table "are you members aah?" DO 1st before ask ppl do..and then let me know the results openly..and then didn't i told you that i do get referral fees to recommend? well for others the infos is for you...yes i do get referral fees for your information...why not?


Added on June 30, 2008, 10:37 am
QUOTE(ammar @ Jun 30 2008, 09:41 AM)
thanks for telling us dude. appreciate it.
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like the cars and the stars alot....

This post has been edited by siliconwiper.com: Jun 30 2008, 10:37 AM
SKY 1809
post Jun 30 2008, 10:44 AM

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QUOTE(cherroy @ Jun 30 2008, 10:36 AM)
Errr.... I am confused now, it is Steven's Corner or Steven's Tea Garden that we are discussing on?

Please bare with me, as I don't follow this thread closely, just look at thread title (Steven's Corner) only.
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If the intention could confuse people ( like the moderator ), then we ( the less informed group ) should be cautious about it.

Frankly speaking, certain information like how the money collected, is treated in their accounting book needed to be disclosed, and whether creative accounting approach is adopted.

But the final decision would still be yours.

This post has been edited by SKY 1809: Jun 30 2008, 12:07 PM
cherroy
post Jun 30 2008, 02:53 PM

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QUOTE(siliconwiper.com @ Jun 30 2008, 10:28 AM)

Added on June 30, 2008, 10:31 am
Thanks for the neutral comment.Actually the SC your mentioning here is referring to Security Commission or Steven's Corner....anyway it is Steven's Tea Garden (STG)...
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QUOTE(siliconwiper.com @ Jun 30 2008, 10:37 AM)
Brother...you always ask ppl to do this and do that..but did you do IT???? "To those who don't believe, just walk right in to Stevens Corner and ask around, someone will be most willing to occupied there. More than 50% of their tables are occupied by their members-customers every night, trying to prey on their new victims.
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Err.... which one is we discussing now? Steven's Corner or Steven's Tea Garden? they are separate identity or the same?

I think main issue here is not SC has good business or not (another story), the first criteria is what is the money collected is meant for either it is a prepaid or investment or something else, which is the main part of the discussion and mostly concerned by the public.


This post has been edited by cherroy: Jun 30 2008, 03:00 PM
TSsiliconwiper.com
post Jun 30 2008, 02:58 PM

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QUOTE(cherroy @ Jun 30 2008, 10:36 AM)
Errr.... I am confused now, it is Steven's Corner or Steven's Tea Garden that we are discussing on?

Please bare with me, as I don't follow this thread closely, just look at thread title (Steven's Corner) only.
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The Steven's Corner is their family brand....now Steven's Tea Garden is the brand....
leejengkid
post Jun 30 2008, 03:06 PM

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QUOTE(livingmonolith @ Apr 30 2008, 11:47 AM)
i've stopped going to steven's corner for almost 5 years, i think over the years their prices have hiked up like mad and honestly speaking, i think their quality is getting worse by the day.

i'm speaking as a regular patron since the 80s, when steven's corner was still just a stall by the road side. when the business grew big, the prices went up, and the quality went down, i was so disappointed.

rebranding the looks would do nothing to entice me unless they improve the quality of their food first.
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i agree with you. i went to Steven's corner at OUG last month and the waiter that served me and my friend is very blur. after taking our orders, he didn't immediately go and tell the chefs to prepare the food but rather wandering around to other tables to clean up the table and collecting money. after waiting for 10 minutes with any food coming, we just walked away. unsure.gif

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