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.

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.

I didn’t think it could happen to me

Life No Comments »

The title of this post may have two different meaning.

Let me read it again " I didn’t think it could happen to me."

It could be something good or extraordinary events happening to someone. Perhaps that someone achieved great wealth, or an opportunity to advance further in life, something that changes his or her life forever.

First meaning is about some unbelievable event takes place in a person’s life – Some positive outcome.

I would like to talk about the opposite. I would like to relate what I have read from a newspaper article yesterday to a real life event that has happened in my life. 

These scams usually via the internet, are targeting the internet users. Nowadays, the younger generations are the victims, mainly because of their peers and due to inexperience about such matters. 

Making money through internet investment and earn extra commission by bringing others to join the investment.

All of us are human-being with feelings. Greed is one of them and it is in everyone of us, including me.

Not too long ago, many people are involved or absorbed into this kind of internet investment scam and at that point of time, many MLM companies sales drops tremendously.

The reason is, almost all MLMers are involved. Not only these companies offer good ROI (Return Of Investment) but they also have the sponsoring mechanism in their program with interesting commissions in bringing more investors to join the program. (scam). 

Nobody to be blamed. Just be aware that money just doesn’t come that easy and neither does the trust from friends.

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