SwissCash Truly Internet Scam

  • Posted by Hafiz
  • October 3, 2006

Hafiz wrote;

I just got an e-mail from Colbert Low about this. The SwissCash is truly Internet Scam. So, what I think is, these “tamak” guys make more Malaysian does not seen the truly Internet business. These tamak guys can make more Malaysian closed their eyes about Internet oppurtunity! I think I need to make a new free SCAM e-book la. Lol

This article was taken from The Star

Two Datuks held over Internet scam

KUALA LUMPUR: Two Datuks and six others have been placed under remand to help investigations into a get-rich-quick scheme that allegedly promised “huge returns for a minimum investment.”

The Datuks, aged 47 and 57, were produced before a magistrate’s here yesterday together with the others, aged 26 to 58, after their arrest on Monday.

Magistrate Azniza Mohd Ali ordered them to be remanded for five days, until Oct 7.

The police are investigating the case under Section 420 of the Penal Code for cheating.

The alleged scam, known as SwissCash or Swiss Mutual Fund (1948), was uncovered early last month and reported in a Malay tabloid.

Over 50,000 people have purportedly signed up for the scheme since its introduction in April last year.

The Swiss Embassy here has denied that its government had approved the scheme and also rebuffed claims that it was based in Switzerland.

SwissCash, which operates through the Internet, claims to be an “easy, fast and secure scheme.”

It claimed investors’ funds were channelled to business activities ranging from oil exploration to shipping and agriculture in the Caribbean.

Investors are required to pay a registration fee of US$30 (RM110) to join the scheme, which allegedly offers huge returns for a minimum investment of US$100 (RM370).

Those behind the scheme also claimed that investments of US$1,000 (RM3,700) or more could earn a profit of up to 300% after 15 months.

However, after the report appeared in the tabloid, the Securities Commission and Bank Negara released statements saying SwissCash had no licence to collect funds.

Prime Minister Datuk Seri Abdullah Ahmad Badawi also issued a statement calling on those duped by the scam to quickly lodge reports.

Among the scheme’s purported victims are a lawyer, a consultant, a technician and the secretary-general of a government ministry. They claimed they had been cheated of nearly RM20mil.

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October 3rd, 2006
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Reader Comments

Comment Number:
1
Written by:
Drive Malaysia
Posted on:
October 4, 2006 at 9:53 pm

Its the nature of peoples here who want to get rich easily. This happens over and over again. Good idea! you can write the book. e-mail me if you publish it.!

Comment Number:
2
Written by:
Drive Malaysia
Posted on:
October 4, 2006 at 10:03 pm

Correction to my e-mail

Comment Number:
3
Written by:
soho
Posted on:
October 8, 2006 at 6:27 pm

What’s your view on this piece of news then?

http://www.utusan.com.my/utusan/content.asp?y=2006&dt=1005&pub=Utusan_Malaysia&sec=Dalam_Negeri&pg=dn_05.htm

Headline extracts:

KUALA LUMPUR 4 Okt. – Pengarah Jabatan Siasatan Jenayah Komersial Bukit Aman, Datuk Ramli Yusuf hari ini menjelaskan kes penipuan yang membabitkan dua orang Datuk semalam tiada kaitan dengan skim pelaburan Swiss Cash atau Swiss Mutual Fund.

Katanya, ia melibatkan dana bank union Swiss yang tiada kaitan dengan pelaburan Swiss Cash……..

—–

Comment Number:
4
Written by:
DY
Posted on:
October 12, 2006 at 7:10 am

SO HOW CAN I BE SAFE IN THIS MOMENT? I ALREADY BANK 1,000US DOLLAR AT SWISSCASH ACCOUNT………

Comment Number:
5
Written by:
ramu
Posted on:
October 21, 2006 at 9:16 am

aye have invested 5000usd…for over 10 mths
aye hv made profits out of it. so why worry…. those who worrys much
are those who didnt invest, fearing losing their money ..

Comment Number:
6
Written by:
sola
Posted on:
October 21, 2006 at 9:22 am

as long as swisscash are paying ..it is not a scam.
only those having no fear losing money will actually making money..
soo…swisscash investor..dont worry..let the non investor worry for us..

Comment Number:
7
Written by:
internet marketer
Posted on:
November 7, 2006 at 10:27 pm

I have been doing swisscash about 9 month and it is still paying. Swisscash pays me more, aways MORE (10times more) than my affiliate +adsense+ebay+ whatever internet biz I have done.

And i have talked to at least 10 person who really become “Instant Internet Millionaire” In just one year with swisscash …damn

All makcik pakcik who doesnt know how to create a website now holding the latest laptop, driving new BMw 5 series and even new Limited edition Mercedes…holy cow

Comment Number:
8
Written by:
Albert Polinoh
Posted on:
November 10, 2006 at 5:31 pm

Scam or not scam I still enjoy my matching bonus every month. 1 k usd every month . he he. Last month (October ) a friend introduce me EURO-AMERICA INDEX which give 1.8% return per day for 100 days or (54% for 30 days) . I use my swisscas profits to invest 2k usd. At this mmoment on 11.11.2006 I earn 36 Usd per day. Dear Friends You too can earn much better then me if YOU are risktaker. he he.
http://www.eaindex.com. email albert7862@yahoo.com

Comment Number:
9
Written by:
Zack MD
Posted on:
November 12, 2006 at 1:36 pm

I’m also Swisscash investor…now collecting more money from new program, 12% daily for 12 days PAYING everyday!! >>> really make money >>> join now at http://www.6k-finance.com/?refid=profit300

Comment Number:
10
Written by:
azizul
Posted on:
December 2, 2006 at 8:13 am

satu lagi peluang pelaburan baru …daripada USD20 dengan pulangan 2%-2.5% sehari paid out setiap 2 minggu.
layari web ini untuk info selanjutnya
http://www.bestniaga.com/?ref=zizul

Comment Number:
11
Written by:
swissmy
Posted on:
December 13, 2006 at 7:29 pm

I’m a SwissCash Investor too. If you never TAKE a chance, you’ll never HAVE a CHANCE…

Comment Number:
12
Written by:
Rosli
Posted on:
December 18, 2006 at 5:14 am

Hidup!!!! Swisscash!!! pi mati sama Uptrend!! kah kah kah!!!

Comment Number:
13
Written by:
ferdi
Posted on:
December 22, 2006 at 8:41 am

believe it or not,
i got my share around 2000usd every month.

Comment Number:
14
Written by:
J Low
Posted on:
December 22, 2006 at 10:00 pm

Swiss Mutual Fund has been in operation since 1948. Sad to say that i.e. just to make some quick money a small group of people has the audacity to take advantage and thought of a scheme to make a quick profit from innocent investors to part their hard money for their own benefits, by linking it to SwissCash’s name.

I’m just like anybody else - skeptical of departing my money into wrong hand. When I was introduced to SwissCash. I hesitated but immediately invested USD 1K in SwissCash ‘cos I fully understand how it operates. I’m equally impressed by its advanced technology. I also understand why it operates over the internet.

My USD 1K was deposited in Oct 06, today [23 Dec] my total return is $634.26 [made up of $200 own returns (at 10% pm) + $400 referral fees - for referring 4 persons to invest + daily interest of $34.26]. In about 5 months time I would have got back my principal the rest is bonus so to speak.

I do not know whether is this a scam or not - I get back what SwissCash promises to return to me progressively. Just thinking a loud whether my good friend made a right decision. He gave up a 5-figure job simply to promote SwissCash investment plan if it is illegitimate or scam.

People who take risks change the world. Few people ever get rich without taking risk.

So this is my view on SwissCash



1