bro, pls think logically a bit....renovations takes time....another thing is i don't understand the admin of the forum...?? why a person in my thread are not been warn even when making claims which is damaging other ppls business image? do i need to ask again from the admin?

If the construction contractors got doubts then they would not want to commence the works.

They are not like those days, rushing to your office the moment you have jobs for them.

They want to see the real money first.

In fact, they are the ones who could offer some knowledge to you about this project.

Now i need to standby 2 persons Food Vouchers.....Dine on me..the Curry fish head or tandoori Chicken taste good....

This is going to be long and take some of your time but reading this thread is much easier than creating it. So I hope you can spare this little time to finish reading it. Please caution your family members and friends before they become victims.
I hope you will read to the end for your own benefits and protection. I will come back regularly to update it but I hope some of you can help by contributing. Date of last update will be stated in my topic title.
I have even seen a family of parents and their children getting involved together in a scam. Such that you will not feel suspiscious until you could not recover your money back and realise it too late.
Please note that my message here is NOT meant to support or go against MLM or direct-selling business.
Personally, I have a few friends who used to tell me that they will never be cheated because they are not greedy, they don't believe in MLM or network marketing or they have no money. Yet they lost their money because they have been greedy or because they trusted their friends wrongly. In most cases, those who introduced their friends to get involved into such businesses or investments or got their friends into losing monies will never admit they did it on purpose. They will give the excuses that they are victims too.

I know a quite similar thread have existed before but I could not find it now. Hopefully someone can retrieve it back so that I can "copy" some useful information.

These information are meant for you to know and warn your family members and loved ones before they become victims.

"People got victimised by scams because they don't know about it and they don't know about it because those who knew about it did not share it"

Here are some hot scams in Malaysia, briefly, (I will elaborate more weekly):

1) The Cafe Scams - Island Red Cafe & Stevens Corner(strange, both in Pandan Indah) - Island Red Cafe collects members RM6,000 each and promised 5% return every month and even give you a name in the ROC as a shareholder but what's the point when they run away ? Stevens Corner, the famous indian coffee shop follows due to drop of business since their renovation. They collect RM3,000 per member and promise return of RM150 monthly and plans to open nice fanchisee cafe called StevensTeaGarden but so far all drawings and no new outlet yet. Both collect monies from new members with MLM recruitment schemes and pay the old members like Sunshine Empire. You never know when they will run away. Apparently, Stevens' takeoff have not been so successful.
2) Sunshine Empire - This licensed and legal Company has an impressive office at the ground level of KUB building along Jalan Yap Kwan Seng, near Menara Public Bank and AmBank Building. They also have a showroom office at the ground level in the next building. 2 or 3 months ago, Singapore's Straits Times and The Paper published big news reminding their people to be careful and NOT to believe in them. Hope someone can put up the link or google for it.

Someone below has put a link to the Singapore news. In fact there are more to it. Although Singapore is investigating them, they did not stop their business as the business is legal and so far, no Singaporean have failed to receive their commissions as promised. Thus, the government cannot stop them yet.

The news published that the founder, director and group president is someone named James Phang but he is NOT the owner. Isn't this quite strange ? At the end of the game, James Phang can just disappear from the Company easily and claimed that he was just "employed". Such trick always happened in scam businesses.

Now, the Company has STOPPED paying commissions and interests to members with the excuse that the Singapore government has freezed their bank account while under investigation. Do you think their boss will be so stupid to keep much monies in the bank to be freezed ? They are all transfered away. It's just an excuses not to pay back to members and members are only paid "e-bonus-points" which is cashless. If they wish to convert to cash, they have to recruit new members to pay them cash and the recruiter less out trom the amount. So victims act like Vampires and "forced" to victimise other victims if they wish to get their monies back. And their victims will later transform to vampires and the scam carries on.....

3) Water businesses - Oxygenated and alkaline water products - Some of these are bottled water and some are filters or equipment that claimed the trick. One of the better known Company that sold "oxygen" water is SITO(supposed to stand for Selangor International Trading Organiszation and claimed Selangor State Government owned some share in it). The key person and founder is a Dato Robert Ong from Rawang but his name is no longer in the business now. Their products are sold for RM2 to RM3 for a 350ml bottle and now concentrating mostly in the Indian market. Their Chinese and Malays market are long gone since a year or 2 ago. Their customers are made to believe that their water has more oxygen and able to give miraculous effects for the body. Water is H2O, how to put more O into it ? Anyone knows how much oxygen do we breathe into our body everyday at FOC ? Latest news is that this SITO Company is going to create new label to market under a new Company since the SITO name has already gone bad. Someone informed that this Company is owing alot of money(due to refunds) to ex-stockists but just refuse to pay them.
Alkaline Products - Can anyone explain how it can work for the body ? The stomach's gastric liquid is so acidic that  water of any pH that goes through it will not make any difference.

4) Car Fuel Booster - K-Link, the famous scam MLM Company that sold the footpatch TAKARA, later the "cock-ring" and energy-card launched the patrol-saving pills last year. Got so hot that even grocery shops are selling for them. Recently many of these cars that used the pills are rushing to the workshops to clean the residual. Few months ago, another MLM Company launched a fuel booster gadget, claimed that saves up to 20% fuel, that is attached to the cigarette lighter. Started off well using binary plan but businese begin to fade now and most users find it NOT effective.

5) Perfumery Products(eg. Lampe Berger & Bel Air)(more details later). Lampe Berger is not so hot now in the neighbouring countries but there are still new victims every month in Malaysia. Must thanks to those who have contributed and kept the thread alive here in Kopitiam. Bel-Air have closed in Malaysia. LB is almost zero in Singapore. This perfumery product from France with over 100 years history is just bottles and fragrance(check the factory's website) but the Company marketing them in Asia claimed "aromatheraphy" products. Hong Kong TVB aired a program that exposed their scam but their members claimed that HK's TVB already apologised to them. Note that the biggest strenght in a MLM Scam is their members will go all way out to lie in order to defend for their Company. The reason is simple; these members fear that they will not be able to make their money back if the Company collapsed. Knowing that the Lampe Berger products are moving slow, they add a line of skincare products named Estebel, also claime to have over 100 years history in France.

6) Energy Products(eg. stone pendants, bracelets, mattress and pillows). They use all sorts of gimmicks and demonstration to make you into believing them. They will do some tricks and demo to prove that these products really produce energy BUT is there any tricks in their demo ? So what if there really produce energy; is it good or strong enough to help the body ?(more details later)

7) Hi-Tech products(names like bio-tech, nano-tech that claimed millions of dollars of research involved, eg Bio-Young and XKL few years ago). Most of these will claimed a professor behind them(even with name and picture of a person) or used words like "U.S.A. formula", "German Technology" or "Nanotechnology" and no further details(more details later). If you ask for more details like the professor or factory's address, the answer will be "trade secrets".

8) Investment Schemes - SWISSCASH is the King of all. Swisscash is nearly over now but there are many similar and smaller ones that are still on.

9) GoldQuest - This Company that claimed to be HK-based started with some non-value gold-plated coins that are sold for over RM2,000 have several names and changed products several times. QuestVacation, QuestNet, etc. They have several offices in Amcorp Mall, PJ and their key person(in fact, the owner), a Malaysian Indian was arrested last year in Indonesia for having involved in a very big Phillipines scam. Most of their overseas offices are closed or inactive but their Malaysia business is still hot, with some "energy" products.

10) Numerology & Fortune telling - A Company named Visible is using MLM to sell fortune telling classes using your birthday based on Numerology fortune telling. Prpspects will be told that they need to buy a certain "number" between 1 to 9 in the form of pendants or bracelets made of stainless steel and sold from RM600 to RM20,000. Customers, or rather victims are mostly females from rural areas. Very hot in Penang now and a number of spin-off Companies have started.

11) MJ-Life - This Company boost of a very big background with many many years of history which is NOT true. Their people or associates may be long in business but nothing to do with their MLM launched recently. Why do I consider it a scam or bad ? New members are told to pay a sum of money(up to RM1000) and you get NOTHING for it. You only get a membership can entitle you to enjoy all sorts of special price and discounts when you have medical check-ups in their centres. They will claim all those check-ups cost more if done elsewhere. It's not true. Only the naive and those new to medical check-ups will fall victims to them. Most members who paid the money ended up with nothing.

12) Seaweed Venture Scams - 1 such Company is located in Taman Maluri, Cheras. They will ask you to invest a few thousands ringgits for their venture of growing seaweeds in East Malaysia and you are guaranteed returns. To gain your confidence further, they will tell you your investment money is secured by "insurance" or "unit trusts" & "trustees". When you ask for further documents to prove, they will give all sorts of excuses or just ignore you because they know they cannot get you. These Seaweed scam is one of the hottest now, warn all your friends about it before they are victimised.

13) MXM(previously MGM) - This is a master scam among the younger group, very successful 2 or 3 years ago but since there moved to their big 10-storey office at Phileo Damansara and changed name to MXM, their business dropped. They collect members RM3,000 to RM4,000 with credit card monthly easy payment and in return you get a hospital benefits insurance from Pacific Insurance worth only a few hundred RMs together with some you-don't-need medical check-ups from their associate Company Pathlab. Also talk about fitness, lifestyles bullshit that is all worthless.

14) Gano Excel - This company from the north, a copycat of DXN selling Lingzhi capsules created a new Company called Gano iTouch to cash-in on the internet like e-Cosway after their Company went down the drain since the last 2 years, selling Linzhi and some no-value energy pendants and alkaline water gadgets. They provide free transport every weekend from KL to visit their Alor Star office.

15) NuLife(HK) - This Company started by some HK people has been in Malaysia for more than 10 years but they have flopped in HK and Malaysia due to bad management and a product scam making use of a prosecuted American named Dr Jeffrey Bland, found guilty of false products claim. Since this case in the US leaked out and many Malaysians found out that the real boss in HK is a Steven Tang(he cheated many Malaysians in another scheme about 20 years ago) their business went down all the way. Now they claim Malaysian partners cheated them and start a new Company in Malaysia. Watch out, this new Company will come out with some investment scheme idea that will get many to lose their money.

Lastly but not least, thank you for reading to the end and I hope you can come back for more details and updates or help to contribute for me to update. I hope to receive information of any scams so that I can share them here to protect others. Although most of those above-mentioned are marketed through direct-selling or MLM schemes, I will soon add non-MLM scams. Please contribute.

If you wish to send me any new information confidentially, you may email them to me at:

stopscams007@gmail.com

Good Luck.

PS. Please pass this link to your friends if you find it helpful and thank you to those who contributed or e-mailed me with informations.

Do remember that SCAMs continue to exist mainly because they can survive due to available VICTIMS and VICTIMS exist because many of those who knew about the SCAMs did not warn others about it.

Money Games? you know Money Game? can tell us how it works?? pls..thks

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Added on June 22, 2008, 11:55 am
Wait..i need marcuszlee to let us know what the real term of Money Games.....at least we can learn something...or mayb as the bzbodi (CW) guy to tell us..he got alot of thing to say...he likes to help innocent ppl.....

no need to get too paranoid about it, among all i think steven project has the lowest risk,
unlike the rest of scams you mentioned above, worst come to worst even if the project fails
steven corner will still be around and you'll still get to meet the owner and sort it out with him. 

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.

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.

So are you chrissolution ? and can you get their P&L statements ?

PS A handy tip for investing : "you don't make money" is always better than "you lose money". Opportunities will always be available, someone somewhere will always want your money, so for most of us, it's not like we'd die if we didn't invest. So do your due diligence, find out if they're making money, if they're a public listed company you can always get their annual reports. The way STG is trying to fund this is suspicious. Normally if you want to fund an expansion you'd take the company public, get it on the KLSE. There you can be sure everybody's interest is protected. If you can't get on there then you need to rely on private capital. The interests of the small-time investor should always be protected because as a percentage, they're investing more than the big-timers. Big-timers can afford to lose, small-timers can't.

So be mean to them, always ask for anything and everything. If they want you to invest, it's their job to tell you what you need to know. If they walk away, then well and good, you don't lose money. Better that they walk away in the beginning than in the middle. And you can always find other places to invest.

The calculation above is not include their actual business so whatever you'd been calculating are not include daily turnovers...some more the labour salary which is much more lower than rm900.....and then they work more than 8 hours la...then another thing is who tell you that STG will open all 100 in shopping mall?? the 1st few will be in shopping mall but the coming ones will be landed ones.

Mobile Wallet close shop already?

After you mentioned Mobile Wallet, I remind back some of the MW issue discussed before. Err... STG issue is quite similar to it though. Also got prepaid then get return rate afterwards one.
Don't mean to comment much on STG. Better let Siliconwiper or other familiar with it to comment. I am just an outsiders that are curious and for the best of interest of public, try to find out the actual and exact thing that is happening.

I remembered once some forumers also strongly promoting those scheme (MW) also. But I can't find anything (regarding the prepaid/investment) from the legitimate official website, but the forumers said the scheme so complicated until they didn't put in the website, and ask people come and see yourself.