Thread: SMF/Swisscash Launched The Emergig Market Fund(EMF)

New SEC warning.

http://www.abs-cbnnews.com/storypage.aspx?StoryId=83376

SEC renews warning vs Internet-based Ponzi schemes

By ZINNIA B. DELA PEÑA
The Philippine Star

The Securities and Exchange Commission has renewed its warning to the public against the re-emergence of companies engaging in Internet-based Ponzi schemes.

A Ponzi scheme is a type of investment fraud wherein an operator promises high financial returns that are not expected from traditional investments. Instead of investing the victims’ funds, the operator pays the original investors with the money given by subsequent investors. Usually, enough money is returned to the original few investors to make them believe that profits are actually being realized.

In a notice to public, the SEC said Francswiss, Swiss Cash, Universal Forex System, Global America and Private Forex Trade Inc. are not registered entities and are thus not authorized to solicit investments from the public.

Full article on link above.

[QUOTE=Dreamer;223849]New SEC warning.

http://www.abs-cbnnews.com/storypage.aspx?StoryId=83376

Very Good News. Expect more from other countries soon

Originally Posted by Pinetree

YOU ARE WRONG AGAIN Three of my downlines including my family member were paid last week within 4 to 5 Banking days after the "Activation" of "Outgoing Wire Transfer". I also know an Australian member who recieved bank wire in two days. SwissCash is still going strong day by day.

Pinetree

Looks like you spoke too soon. Bet you did'nt know the Philippines was working covertly to identify and eradicate Scamming PIMPs from their midst , did you???????? You should be in good company with your buddies below here soon.



I have something very interesting about Mr BB Kevlin Choo Ng here. Maybe you should stay tuned to this channel.

Just Who Is Kelvin Choo Mun Hoe ???

Well here is the second of the three individuals mentioned in the Civil Law suit , but just who is he ??? We never really saw much of him on the Net. Sort of a back stage promoter. Interestingly enough as you all know , ALL Downlines in this Pyramid Schem orinignate from one man, BB Ng. Here's what appears to be posted on various websites on the Net as to Genealogy.

Mr BB Ng , Mr Ee Chang Ku , Mr Eric Low , Mr Kelvin Choo Mun hoe , Mr Alex Li , etc , etc , etc.

So who is Kelvin Choo ???

If we use the Wayback machine and go all the way back to the year 2005 , when this SCAM started and people on the Net were trying to figure out , WhoisWho & WhatisWhat , we find that Mr Kelvin Choo (Co-founder) was the original Registrant of the website domain , swissmutualfund.biz . On June 8, 2006 , Mr clip Art , Michael Mansfield was listed as Registrant of swisscash.biz , prior to this the website was listed on a Proxy.

The web-Master of SwissCash back in early 2005 had the website registered in the USA and once had an email on Host IP 209.189.48.230, an ISP in Malaysia, Nasion.com . Host Nasion.com shared the site back then with four other websites , one of them being emobile2u.com which has a link to SwissCash. The website emobile2u.com was originally registered on June 12, 2005, the very same date as swissmutualfund.biz.

As a side point , I think you will all find it interesting that Mr BB Ng , had the registration of swissmutualfund.biz moved from New Zealand to Netherlands on June 21, 2007. Take a looksy for yourself.

Swissmutualfund.biz - Swiss Mutual Fund

Anyway , back to emobile2u.com. The registrant of emobile2u.com, which was another PONZI SCHEME on the Internet, was also the same person who was the registrant for the website , empiredreams.com . The Company empiredreams.com was also itself another PONZI SCHEME link to SwissCash. If you read the history of empiredreams.com, empire2u.com & NTI-PARIS , then you will know that these companies all have links to Mr James Phang and Mr BB (The Legend Networker) Ng way back.

Now this is where we have or had from the beginning , our closest link on the World Wide Web of Mr Kelvin Choo of (swissmutualfund.biz) and Richard Santiago of (empiredreams.com). Now it becomes further interesting here when you consider , that both men used the same email address on their registration. [email protected]

The empiredreams.com website which was registered on August 16, 2003 also had another connection with SwissCash, through ELIXIR DYNAMIC (Another James Phang Product) which was once based in Malaysia , and had already attracted lots of Malaysians before this. Also , claiming that swissmutualfund.biz had been popular since 1948, they simply were really not known as you all know until 2005. Of course the only History about Swiss Mutual Fund in the whole wide world , can only be found on their website. Another interesting feature about swissmutualfund.biz is their Copyright at the bottom of the website which lists 2003 - 2007 , but they were'nt registered until 2005 , not 2003. Now take a look at the registration details of empiredreams.com

Empiredreams.com - Empire Dreams

Registrant Contact: Richard Santiago , email: [email protected]
Administrative Contact:
Dynamic revolution Inc
Louis Tiong Ing How
Tel: +340. 60322871871
PO BOX 957
Offshore Incorporations Centre
Road Town , 10000
Virgin Islands

Now look at the ORIGINAL REGISTRATION archived for us of swissmutual.biz

NoGold_Forum_2005
swissmutualfind.biz MX Preference = 10, mail exchanger = mail.swissmutualfund.biz

swissmutualfund.biz nameserver = dns3.name-services.com
swissmutualfund.biz nameserver = dns4.name-services.com
swissmutualfund.biz nameserver = dns5.name-services.com
swissmutualfund.biz nameserver = dns1.name-services.com
swissmutualfund.biz nameserver = dns2.name-services.com
mail.swissmutual.biz internet address = 202.189.48.230 (IP belongs to Malaysian Registrar (NASIONCOM-MY)
Network Contact Info
Network Contact Information: The following details refer to the Network that the system is on
[email protected]
Tel: +603-2938-9888
5-5 The Boulevard, Mid-Valley City,
Lynkaran Syed Putra,
Kuala Lumpur , 59200 , Malaysia

Domain Contact Information: The following details refer to the name registered for this address
Dynamic revolution Inc
Kelvin Choo email: [email protected]
Tel: +340. 603-2287-1871 , Fax: +603-2287-2871
PO BOX 957
Offshore Corporations Centre,
Road town , Tortola, 10000,
Virgin Islands

Well , we now know a whole lot more about Kelvin Choo than we did before. Does'nt all of this just become more and more fascinating as time goes on ??? Some many more questions seem to arise than answers. Questions now like , What do empiredreams.com , emobile2u.com , sunshine-empire.com , emcomgroup.net , trizzard.com , elixir dynamic , swissmutualfund.biz , swisscash.biz , swisscash.net , sip25.com , scmutualfund.com , BB NG , James Phang , Albert Lee , Kelvin Choo , Richard Santiago , etc , etc , etc. all have in Common with each other ?????????

QUESTIONS , QUESTIONS , QUESTIONS and more QUESTIONS. Where does and will it end ???? We need to bring more of these people and find out. Maybe you have questions , maybe you have answers. Please contribute

Hello everyone,

I believe that SC is legit as my upline and myself is getting paid since APR 07.
Just email me and I will show the proof at [email protected].

Also, I believe the Malaysian government is messing with my investment. They should not try to stop people from making money. They shouls be watching them with short distant binoculars. If they do not do what the website says (</title> </head> <body> <html><head><title>SwissCash Mobile Site), then they should be arrested and thrown in jails. As far as I know, they are paying there investors and employers.

Just email me if you want the proof,
Don

Originally Posted by dexler

Hello everyone,

I believe that SC is legit as my upline and myself is getting paid since APR 07.
Just email me and I will show the proof at [email protected].

Also, I believe the Malaysian government is messing with my investment. They should not try to stop people from making money. They shouls be watching them with short distant binoculars. If they do not do what the website says (</title> </head> <body> <html><head><title>SwissCash Mobile Site), then they should be arrested and thrown in jails. As far as I know, they are paying there investors and employers.

Just email me if you want the proof,
Don

No Comment

[QUOTE=bluepacific;223854]

Originally Posted by Dreamer

New SEC warning.

http://www.abs-cbnnews.com/storypage.aspx?StoryId=83376

Very Good News. Expect more from other countries soon


Looks like you spoke too soon. Bet you did'nt know the Philippines was working covertly to identify and eradicate Scamming PIMPs from their midst , did you???????? You should be in good company with your buddies below here soon.



I have something very interesting about Mr BB Kevlin Choo Ng here. Maybe you should stay tuned to this channel.

I believe the Hearing for the Three men charged in the Fraud Civil Suit takes place today in Malaysia. Maybe this would be yet another assignment for Mr Bat$ to report on as well , or The Yoggster. Many are now wondering if they will even show up.

[QUOTE=bluepacific;226018]

Originally Posted by bluepacific

I believe the Hearing for the Three men charged in the Fraud Civil Suit takes place today in Malaysia. Maybe this would be yet another assignment for Mr Bat$ to report on as well , or The Yoggster. Many are now wondering if they will even show up.

YOU ARE VERY WRONG AGAIN. THERE CAN NOT BE "Fraud Civil Case." "Fraud" is always "Criminal" with "Civil Aspects.".


pinetree

Mirror sites’ to be blocked

PETALING JAYA: Illegal investment website operators who create “mirror websites” for investors to continue participating in their schemes after their main website has been blocked will not be spared the rod.

A statement from the Securities Commission (SC) warned that all mirror websites would also be blocked, and advised investors to withdraw their investments immediately.

The announcement follows the successful crackdown by the SC on yet another two websites offering illegal investment schemes, bringing to 10 the number of websites blocked since operations began last month.
The two websites are www.eaindex.com and www.winlifund.com.

The previous eight which had been blocked were www.abbfund.com or www.abfund.us, www.cfdventure.com, www.swedenfund.com, www.uebond.com, www.esuissefund.com or www.efmf.com.pa, www.ecashfinance.com, www.danafutures.com and www.planet.time.net.my/KLCC/danafuture.

The statement added that the SC had also obtained a world wide mareva injunction recently against persons involved in the Swisscash Internet investment scheme, which prevents them from disposing their assets inside and outside of Malaysia.

The injunction was sought by the SC following the filing of a civil suit against defendants Albert Lee Kee Sien, Kelvin Choo Mun Hoe, Amir Hassan, Dynamic Revolution Sdn Bhd, Swiss Mutual Fund (1948) S.A., SMF International Limited and SMF (1948) International Limited.

Further details on the mareva can be viewed at www.sc.com.my.
The public was also reminded to invest only with parties licensed by the SC and to refer to the SC’s Frequently Asked Questions (FAQ): “Do Not Invest in Illegal Internet Investment Schemes” which can be found in the same website, along with the list of companies and individuals licensed by the SC to engage in investment activity.

Thousands of Malaysians have fallen victim to such scams, prompting the SC to work with Bank Negara, the Malaysian Communications Multimedia Commission and CyberSecurity Malaysia to track, identify and block access to websites promoting e-investment activities.

http://thestar.com.my/news/story.asp...145&sec=nation

[QUOTE=pinetree;226045]

Originally Posted by bluepacific

YOU ARE VERY WRONG AGAIN. THERE CAN NOT BE "Fraud Civil Case." "Fraud" is always "Criminal" with "Civil Aspects.".


pinetree

In the Civil case , the Securities Commission was quoted as saying that the men were accused of 'fraud' and 'Dishonesty' , but if you insist they are Criminals , okay , I'll give you that.

[QUOTE=bluepacific;226082]

Originally Posted by pinetree

In the Civil case , the Securities Commission was quoted as saying that the men were accused of 'fraud' and 'Dishonesty' , but if you insist they are Criminals , okay , I'll give you that.

The Securities Commission has failed to find any evidence for "fraud". That is why SC had no choice but to file a civil case. In order to file a criminal case, the evidence must be "beyond reasonable doubt".
RE: Swiss Cash, nobody has come up with any hard evidence that it is a Scam. In the latest warnings by the Securities Exchange Commission
against FrancSwiss, GlobalAmerika, Swiss Cash,etcs., the persons nabbed by NBI Philippines were already released. One of the programs in the warnings list made a following announcement:
Quote:
GAF Advisory: Philippine Crisis Update....

Please be informed that GAF will resume its withdrawal processing for Philippine Investors starting July 16, 2007. However, as compliance to local banking policies, GAF will be imposing the following conditions.

1. Withdrawal requests made from Mondays to Saturdays will be processed and released the following Monday.

2. There will be no withdrawal requests on Sundays.

3. GAF will impose a minimum withdrawal amount of $100 and a maximum of $500 per week per Trade Number.

4. LOCAL GOVERNMENT TAXES will apply on all PHILIPPINE BASED REQUESTS.

5. The $1 per transaction charge will still apply.

Please be guided accordingly

GAF Management
Unquote:
Again, the Authorities have made a mistake of a premature judgement based on hearsays and the unconfirmed speculative rumors. The Authorities in the developing countries are Not very "disciplined". In my country, if a person in a responsible position makes such a mistake, he usually voluntarily resigns, if not, will be forced to resign.