Repost: Sunshine Empire
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Originally posted by LupinTan:
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erm.if it real,the malaysia authories would not say that they are unware of the project!!!!!!!Originally posted by mhcampboy:from the pics.. it seems ... the property venture... for malacca and sunshine villa is real...
soucre : the newspper -
In Malaysia, somewhere near Seremban Gate Toll, there are some abandon construct half-way only buildings, some just even only with base frame nothing much, later all abandon by contractor, why go figure.
some even have like what SE Opening or Ground Breaking Ceremonies, then u got a ghost hunting spot after 1 years ~ -
Oct 28, 2007
Easy money hard lesson
The MAS alert list of unlicensed outfits offering rapid financial returns has ballooned from 25 in mid-2004 to 95 today.
Finance Correspondent Lorna Tan outlines some of the techniques used by these companies
Invest, The Straits Times
CONSUMERS in Singapore were warned last week to be extremely wary of unregulated get-rich-quick schemes.
The authorities issued the warning as a multi-level marketing (MLM) company, Sunshine Empire, hit the headlines over its controversial business practices.
People signing up to be a 'merchant' of Sunshine's online health supplements, electronics goods and other products can potentially make gains of up to 60 per cent on a typical $12,000 outlay.
The authorities are concerned about the fact that 'merchants' can pocket these hefty returns without ever trading in Sunshine's online products.
But Sunshine is just one of a growing number of unlicensed entities offering what appear to be financial services here - even though such services are regulated by the Monetary Authority of Singapore (MAS).
On Wednesday, The Straits Times broke the story that Sunshine had been placed on alert watchlists issued by the authorities, both in Singapore and in Malaysia.
MAS investor alert list
THE MAS list acts as an early warning alert to investors about unauthorised companies and individuals who might be providing financial services regulated by the MAS. The central bank periodically updates the list, which can be found at www.moneysense.gov.sg by clicking on 'Check our lists'.
The list has ballooned since it was first made public in mid-2004. Back then, it contained 25 names of unauthorised firms and individuals. By January 2005, the number had nearly doubled to 46. By last week, it had reached 95.
Under the Financial Advisers Act (FAA), no one is allowed to provide advice in relation to any investment product unless he is licensed to do so - or specifically exempted - under the Act.
Anyone flouting this regulation faces heavy fines and/or jail time if convicted.
The MAS administers the FAA and may take enforcement action if it is warranted. Where there is a breach of the law, it will refer the case to the Commercial Affairs Department for investigation.
The police told The Sunday Times that, from January last year up to last month, it had received reports of about 45 cases involving cold-call investment scams and another six cases involving breaches under the FAA.
Techniques used in scams
TELLTALE signs can often be spotted that could be a warning that you are dealing with an unregulated entity. Watching out for these signs could save you from problems later on.
Cold calls
A cold call is an unsolicited call from a person selling investment products, usually over the telephone. Cold calling by a person not authorised by the MAS to market financial products and services in Singapore is illegal.
According to police spokesman Cheryl Foo, the police have received reports on cold-call scams involving local as well as overseas victims.
'Local victims would receive unsolicited phone calls from perpetrators of cold-call scams offering the sale of securities,' she said.
'Thereafter, the victims would receive instructions to forward the payments to an overseas bank account. The perpetrators are believed to be operating from overseas.'
Mr Goh Yang Chye, the managing director of GYC Financial Advisory, once had a client who was sold some offshore insurance plans by a 'financial services consultant'.
After the plans were analysed, it turned out that they had higher fees and offered inadequate cover with no death benefits.
The consultant did not hold a financial adviser's licence here.
'It is important for the public to engage a licensed financial adviser. It is like seeing a doctor,' Mr Goh said.
E-mail or bogus Internet websites
Beware of investment opportunities you learn about from e-mail or the Internet.
Take school teacher Stephen Tang. He bought shares in a foreign company on the recommendation of an online broker, but when he wanted to sell the shares a few months later, he could not contact the broker.
All too often, these online brokers are unable to sell the shares or become uncontactable when you need them most.
In fact, some scam operators use the Internet to spread rumours in chatrooms and forums to attract investors to buy the shares they recommend.
If you come across an offer for a financial product or service on the Internet or via e-mail, check whether the product is properly registered and whether those marketing the product are authorised to do so.
High-pressure sales tactics
Such tactics are used to persuade you to invest before you have the chance to think carefully about the product or to conduct checks on the person or company offering it.
To lure investors, the sellers often make urgent claims of a 'once-in-a-lifetime opportunity' or a 'limited time offer'.
Civil engineer Peter Lee recalled how he invested US$15,000 (S$21,884) in a financial product that looked like a unit trust. He got back just US$3,000 after two years.
It turned out that there were hefty annual fees - buried in fine print - that added up to more than 10 per cent.
Promises of high returns
Sometimes, sales representatives will claim to have inside or confidential information that will generate a windfall from investing.
There will usually be promises of high returns, 'guaranteed' profits and quick gains. More often than not, these sales representatives are smooth talkers who give the impression that they are very knowledgeable about investments.
'Virtual' offices
Most operators of financial scams work out of call centres or 'boiler rooms' based overseas. They use virtual offices to give a false impression that the company is located within a particular jurisdiction.
However, the reality is that the company has no operations at that location, so enforcement agencies find it hard to pursue the matter.
What Case says
MR SEAH Seng Choon, the executive director of the Consumers Association of Singapore (Case), said consumers should not be shy about raising questions, especially when the company is not a registered investment set-up.
This is because such companies are not subject to the vigorous requirements imposed on licensed institutions.
'Consumers need to assess for themselves whether such a scheme is sustainable and whether it will reach a point where the payout becomes untenable,' Mr Seah said.
'There are many get-rich-quick schemes in the market nowadays, and consumers should not hand over their hard-earned money to questionable schemes without a thorough investigation into their viability. Consumers should not base their assessment on a few unverified testimonies that claim success.'
Sunshine has come under scrutiny because its business model gives it the appearance of a financial investment scheme - even though the firm claims to be involved in networking marketing, which is legal.
Barely 16 months into its operations here, Sunshine has attracted 20,000 members here who subscribe to its online shopping platform by forking out initial sums of up to $12,000. In return, they are rewarded with potentially hefty cash rebates that are non-guaranteed.
Based on an initial sum of $12,000, a member could make a gain of 60 per cent, or $7,200, over time. The business model is attractive because, unlike other MLM firms, Sunshine does not impose any requirement on its members to maintain a sales volume quota, so members can effectively enjoy their rebates as cash only.
Sunshine has said that it will work with the authorities in Singapore and Malaysia to remove its name from the alert list.
Recently, the Direct Selling Association of Singapore (DSAS) wrote in to The Straits Times Forum stating that Sunshine is not a member of DSAS, which applies stringent criteria when vetting its members.
[email protected] -
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Reported cases
From January last year until last month, the police have received reports of about 45 cases involving cold-call investment scams and another six cases involving breaches under the Financial Advisers Act.
How not to become victims
Are you dealing with people offering services that are regulated?
The Monetary Authority of Singapore (MAS) urges all investors to deal only with companies and persons under its umbrella when making financial investments.
'MAS aims to safeguard the interests of investors by ensuring that only competent and professional persons are allowed to provide financial services. If investors choose to deal with persons that are not regulated by the MAS, they forgo the protection afforded under laws administered by the MAS,' said an MAS spokesman.
MAS regulates only those with a presence in Singapore. A list of authorised financial institutions can be found on the MAS website at www.mas.gov.sg in the Financial Institutions Directory.
How much do you know about the company?
Research its track record and the background of the management.
Do you understand the product?
Ask for brochures and documents and take your time to review the firm and its products. Do not sign on blank forms without knowing what you are signing.
Is the investment a good fit with your financial goals?
It pays not to make a hasty investment decision.
Make sure that the product being offered meets your financial needs and objectives. Investments all come with some risk.
Get a second opinion
Do not hesitate to check with other advisers or professional bodies if you have doubts about the manner in which you were approached and the soundness of the products on offer.
Report to MAS
If a person approaches you to offer financial products and you believe he is unlicensed, report the matter to the MAS' consumer issues division, in the market and business conduct department.
Copyright © 2007 Singapore Press Holdings. All rights reserved. -
Get a second opinion
Do not hesitate to check with other advisers or professional bodies if you have doubts about the manner in which you were approached and the soundness of the products on offer.
alot of ppl never do this, or worst....they asked the person beside them while attending the presentations ~ not even an neutral party ~
IT Ages now, internet is such a resourceful place ~
well done, tamago ~
Let sexposed them all ~ -
sexposed.................-_-!!!!
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it all comes down to one point la.
Singaporeans, esp some aunties and uncles, they hear, wah, knn can earn so much money, den without reading thoroughly den dey put their money which is often ten of thousands inside liao.
i dun think is greed or wad, anyway, who doesnt want more money?
BUT USE YOUR BRAINS LA! ONLY DEAL WITH A BANK OR A LEGAL FINANICAL ORGANISATION WHICH IS LICENSED AND SAFE!
i got pple telling me, eh, working and slogging your whole life you wont earn much money de la.
BUT F YOU! WHY SO STUPID PUT YOUR MONEY IN SOMETHING WHICH YOU ARENT EVEN SURE IN!
i have heard enough of rubbish and crap abt pple putting money in and unable to get refund or wadever s.h.i.t just because dey nvr read the thing properly. i even noe some aunties uncles sign contract (all in ENGLISH, AND THEY DO NOT NOE WAD IT MEANS because they are unliterate) WITHOUT KNOWING WAD IT IS!!!!!
p.s: sorry for the caps, but i just feel that some pple needs some knocking on their heads. -
and thenOriginally posted by thebiz:The blog is an avenue for people who are not in the company to get updates. The company itself does have regular investor relations talks to updates its members or anyone who is interested in its updates.
Investors were brought down to Taichung to test out the technology some time last month. You may want to come down for the investor relations to get more information on this trip and the videos taken.
As for the questions as to who guarantees the investment and under which clause the investor is protected. I will get the exact documents and then type out the exact words (if allowed).that will clear mis conceptions
SUNSHINE EMPIRE OFFICIAL WEBSITE
Dear Our Valued Merchants,
Sunshine Empire Management would like to highlight to merchants that recently, many web-sites or blogs have been posted on the internet containing “information” about Sunshine Empire and its activities.
We emphasize that these are NOT Sunshine Empire official websites or blogs. The company has no association with these websites or blogs.
Hence, we remind all merchants that this is the official Sunshine Empire website; (www.sunshine-empire.com) and the Company only endorses the information posted here.
Thank you.
and now
now become a private party?
http://mysunshine-empire.blogspot.com/[/b] -
again, total mismanagement of information and distributors
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Originally posted by kyoshirou77:
Win liao lor. First say its not investment company, not MLM. Now it says "investors", and the methods say otherwise.
and then
[b] SUNSHINE EMPIRE OFFICIAL WEBSITE
Dear Our Valued Merchants,
Sunshine Empire Management would like to highlight to merchants that recently, many web-sites or blogs have been posted on the internet containing “information” about Sunshine Empire and its activities.
We emphasize that these are NOT Sunshine Empire official websites or blogs. The company has no association with these websites or blogs.
Hence, we remind all merchants that this is the official Sunshine Empire website; (www.sunshine-empire.com) and the Company only endorses the information posted here.
Thank you.
and now
now become a private party?
http://mysunshine-empire.blogspot.com/[/b][/b]
Then it says blog is for "merchants" or "slaves", then it now denies relationship to these blogs. -
CSI or Insider Informant Need
Sunshine Empire Car Achiever 2007
1. SGT 8554 C
2. SFM 212 R
3. SFX 4086 D
Above are conpany cars? Rented to wayang cars? SDM Owned Liao Car ?
Any BMW Retail Shop Buddy Wanna Shed Some Light?
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NTI History Lesson - No More NTI
*****************************************************************************Hahaha... Thats a good one!!!
See the Pattern? Same People Different Conpany Name Liao ~
MD/RSD Jackie Hoo - New BMW 5 series
RSD Desmond Teo - Japanese car (his friend's car)
BRM Tan Yuanjie - Old raped BMW 3 series (took over from Jackie Hoo)
BRM Andrew Boo - New Toyota (better than Desmond Teo)
BRM Ron Lee - Pathetic Hyundai Matrix
BRM Ken Lee - still taking public transport
BRM Zen Lee - still taking public transport
BRM Alexx Leow - still taking public transport
BRM Rick Tang - still taking public transport
Haiz....
[This message was edited by MLM Victim on 2006-06-19 15:36:48.]
What Happen to NTI >>>
Read Here >>> http://www.sgforums.com/?action=thread_display&thread_id=186927&page=
http://mlmg.sgforums.com/?action=thread_display&thread_id=193434
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NTI History Lesson - No More NTI
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The SDM with their Cars
1. Ken Pang Zhi Wei - BMW 524 - Pending Verified
2. Robert Wang - BMW 524 - Pending Verified
3. Ron Lee Wai Kin - BMW 523 - Pending Verified
when in NTI >>> BRM Ron Lee - Pathetic Hyundai Matrix
4. Soh Guan Xiang - BMW 520 - Pending Verified
5. Andrew Boo - BMW 524 - Pending Verified
BRM Andrew Boo - New Toyota (better than Desmond Teo)
6. Jason Loh - BMW 320 - Pending Verified
7. Loy Mei Khay - VW Bettle - Pending Verified
8. Ho Ming Jie - BMW 320 - Pending Verified
9. Rick Tan Chuan Choon - BMW 524 - Pending Verified
10. Ang Zhao Hui - BMW 320 - Pending Verified
11. Tan Yuan Jie - BMW 523 - Pending Verified
BRM Tan Yuanjie - Old raped BMW 3 series (took over from Jackie Hoo)
12. Benny Lee - BMW 320 - Pending Verified
13. Alexx Leow - BMW 523 -
SGT 7532 Y - http://profiles.friendster.com/3143458 (3 Week old Video)
vs
BRM Alexx Leow - still taking public transport (1 year Ago)
14. Xu Jia Yuan - BMW Z4 - Pending Verified
15. Desmond Teo - BMW 523 - Pending Verified
RSD Desmond Teo - Japanese car (his friend's car)
16. Madam Sally Cheng Goh Tiam Hai - Mercedes Unknown Model - Pending Verified
Cars still with them? Let See wat other will tell us ~
* They used Rich Dad Poor Dad to present, did the book said about going for MLM? Didnt the book said about cars is ________.* ~ -
my friend was also kind of forced to pay $300..
those dirtbags @ SE kept pressuring him say,
you are 18 year old. can't you make decisions on your own? it's only $300
keep saying alot of crap.
whats worst is that classmate also made use of his class chairman position, i'm your chairman, when you need help with work, i help you, why don't you trust me now?
these SE agents are the worst and bring shame to MLMers. i have a friend in VE say that SE is a scam
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i heard their GP only yield over the 10 years? i rather use that money for fixed deposit or AIA investment.
somemore its not like that 12k will buy me a unit in the mythical villa -
SGT8554C - BMW 320i (Manual), Private, Registered 25/04/2007
SFM212R - Volkswagen Beetle 2.0 (Auto), Private, Registered 14/08/2003, Red Plate OPC
SFX4086D - BMW 318Ci Coupe (Auto), Private, Registered 14/08/2001, convertible with Sun Roof
SGT7532Y - BMW 523i (Manual), Private, Registered 23/04/2007 -
got name for individuals case or the are class under conpany cars?Originally posted by ^tamago^:SGT8554C - BMW 320i (Manual), Private, Registered 25/04/2007
SFM212R - Volkswagen Beetle 2.0 (Auto), Private, Registered 14/08/2003, Red Plate OPC
SFX4086D - BMW 318Ci Coupe (Auto), Private, Registered 14/08/2001, convertible with Sun Roof
SGT7532Y - BMW 523i (Manual), Private, Registered 23/04/2007
cheers ~ -
That was during NTI time
Are these people still ard and if they already got their cars?? -
all are registered to an individual. the rest of the info are strictly confidential.Originally posted by kyoshirou77:got name for individuals case or the are class under conpany cars?
cheers ~ 
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My shop also have anything you want, if now dont have you have to wait, how long ar? its depends ~ -
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wtf? look like cult gathering
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Is this Sunday Afternoon Entertainment on Chn 8?
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http://en.wikipedia.org/wiki/Jim_JonesOriginally posted by Agenda:wtf? look like cult gathering
in the end, i hope he practice jim jones's way, bring all his minions ~[/url] -
my dumb perception,
i think they fight hard to earn the car fund which is some people said USD10k = 20k++. That enough to cover down payment right for a BMW?
then follow by monthly installments, not so sure about cars stuffs so i had no ideas how long they need to clear the liability which they think that car = successful = asset.
they tok so much about rich papa and poor papa motivations, yet they go for liability rather then asset.............
so judging from their *5 stars figure pay slips*, they cant run away from the so called rich dad yet, else they cant pay up the BMW even its is under their name ~
so they stuck there ba
else why their ah pa never put BMW under their name? ah pa dont trust his minions or the kids *5 stars figure pay slips* not enough....can cover installments but no money to eat? or v.v ~