Swisscash

Life, People No Comments »

I sat on the table with a newspaper lying on it after ordering my breakfast.

The heading "RM31 Million Return" on the front page of the newspapers caught my attention!

Investors of the Get Rich Quick Scheme Swisscash who lost their investment will get some of their money. Security Commission (SC) managed to solve the scam involving RM31 Million and those who entitled for the returns will have to fulfill certain conditions including the proof as a principal investor and not involving any recruitment of other investors.

There are about 3,000 investors lodged reports and claimed their lost is because of their involvement in the internet investment scheme.

About 80% of the victims are male professionals.

Swisscash Internet Investment scheme was banned by the government and its website was closed in 2007.

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Internet Investment

Life, People No Comments »

In 2006, you can see many people in the coffee shops with notebooks explaining to their friends about doing some investment through the internet. We could name it as an Internet Investment with very high returns.

People are looking for fast returns and without a doubt many turn to this kind of investment promising daily interest. Moreover with the help of so called "investment agents", mostly comes from MLM background, the news spread even faster. The daily interest depends on the amount invested. The bigger amount you invest, the higher percentage of returns.

The above print out shows the statement and as you can see, the "Earning" is the daily interest of 1% paid from Monday to Friday, No interest for Saturdays and Sundays.

There are also commission paid for every investor you refer to join this program. This is where the MLM people comes into picture.

The websites providing this HYIP (High Yield Investment Program) is called piclub.us and forexcapital.us to name some. There are many others appearing like mushrooms out of nowhere. Internet Investment was extremely a hot topic and this phenomenon disturbed the growth of many MLM companies.

Today, the government has put a stop to this schemes.

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Get Rich Quick Scheme

FAQ, MLM Overview No Comments »

Get Rich Quick Scheme can be simply defined as:-

Put Money – Without Working – Make Money

Put in Money means investing, could be in any amount, from RM100 to as big as, like RM100,000 and make big money, normally without working. If you do recruiting, you earn more.

The top or early birds in this program, will earn a lot and the bottom people or the people who just came in, will earn less or loose money. The company will collect the money and do the payout. After some time, they are unable to make the payout. Sooner or later, most of these companies will eventually close.

Get Rich Quick is NEVER a long term business and it is not recommended.

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