SMF/Swisscash Launched The Emergig Market Fund(EMF)

Once again cheerleading a dying SCAM. Why even bother to debated this baffoon. Here's something that actually illustrates his mind set on the inevitable.

YouTube - Giraffe - Robot Chicken


Enjoy:ro_emote:

Civil Approach To Criminal Matters

So how does the Malaysian Government put a stop to the Criminal Millionaire Mindset Guru's Stealing money from the innocent victims in their country ??? Civil Law Suits!

Business Times - 09 Jul 2007
MALAYSIA INSIGHT
Civil Approach To Criminal Matters
By S JAYASANKARAN
KL CORESPONDENT

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Originally Posted by Busines_Times

SOMETHING interesting is happening in Kuala Lumpur.
Last week it was reported in this Newspaper that the Securities Commission (SC), Malaysia's Markets Regulators, had turned to the courts to ask for Civil Remedies against what were esentially criminal matters.
To recapitulate, the Regulators moved agaimst the Malaysian Promoters of an alledged Scam Internet website that promised investors an astonishing 300 percent return over 15 months. The so called "Swiss Mutual Fund" or "SwissCash". according to it's legend over the site, had been set up in 1948 by the Cheviot family of France and had been operated out of berne, Switzerland, until it moved, in 1996, to Dominican Republic for ostensibly tax reasons.
There was only one problem with that: The Swiss Embassy in Malaysia thought it was about as Swiss as satay. But it was all very serious stuff: according to affidavits filed in the High Court of Malaysia, the websites, which are borderless because of the global nature of the internet, may have collected as much as US$83 million from GULLIBLE INVESTORS in Malaysia, especially, and others from places like Hong Kong and, possibly, Singapore.
The SC contended that these sites were running afoul of Malaysian Laws - Fund Management and Investment Advice without being properly licensed - as well as money laundering.
In addition they may have been flauting banking Laws as well for accepting deposits without a license. In any case, the Regulators filed civil suits against the website's promoters and, pending the outcome of the full trial, successfully froze 22 Malaysian Bank Accounts of the promoters and their companies containing almost RM3 million (S$1.32 million)
Another Bank Account on the Isla of Jersey holding more than US$1.7 million has also been frozen pending separate investigations on the promoters by the Authorities there.
One might argue that this might be akin to closing the stable door after the horse had bolted. But criminal prosecutions in Malaysia - especially those involving complex comercial litigation - have been tedious, time and taxpayer consumming, and rarely successful. The only successes , if at all, have been those where the defendants pleaded guilty to lesser charges and were wrist-slapped through fines.
The civil route may be the way forward and, indeed, is an anvenue currently espoused by the regulatory authorities in the United Kingdom which bequeathed Malaysia it's legal system.
It is certainly easier to prove, on 'the balance of probability' as opposed to the criminality 'beyond a reasonable doubt'.
OJ Simpson certainly found out to his detriment: he won his criminal case, but was declared a bankrupt after the victim's family sued him in civil court. It is faster and in some ways, hurts the wrong-doers where it hurts the most, their wallets. By freezing Bank accounts through Mareva injunctions prior to the trial, the courts compel those effected to fihjt their cases on an urgent basis.
It is certainly food for thought for the Malaysian Authorities now faced with a welter of cases involving corporate fraud and mismanagement at the highest levels. The likes of Transmile and Mega Media have cost investors dear and sullied the Bourse's reputation and the notion that crime does not pay is something that cannot be over-emphasised.
The civil approach is a remedy that is available to the Authorities. They might think of using it first and following up that by Criminal Prosecutions. It would work for a great many people, haste does not always mean waste.

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Quote:
"The SC contended that these sites were running afoul of Malaysian Laws - Fund Management and Investment Advice without being properly licensed - as well as money laundering.
In addition they may have been flauting banking Laws as well for accepting deposits without a license. In any case, the Regulators filed civil suits against the website's promoters and, pending the outcome of the full trial, successfully froze 22 Malaysian Bank Accounts of the promoters and their companies containing almost RM3 million (S$1.32 million)
Unquote:

The above-mentioned allegations may be applicable Only to the Promoters(they are, however, not the employees or a representative of the corporation,they are just investors), But Not to Swiss Cash/Swiss Mutual Fund 1948. The Malaysian Authorities are also very cautious in handling the case because of the expected Backlash when they lose the case. The Malaysian Authorities must realize that they are Not dealing a small guy. The corporate infrastructure of Swiss Cash/Swiss Mutual Fund is very solid. The company is fully equipped with a team of experienced international legal and financial experts in order to cope with any untoward situation.

This is again amazing. According to Pinetree Oj Simpson got a raw Deal and was never allowed to prove his innocence:flame:

:biggrin:

posted by pinetree:

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The above-mentioned allegations may be applicable Only to the Promoters(they are, however, not the employees or a representative of the corporation,they are just investors), But Not to Swiss Cash/Swiss Mutual Fund 1948. The Malaysian Authorities are also very cautious in handling the case because of the expected Backlash when they lose the case. The Malaysian Authorities must realize that they are Not dealing a small guy. The corporate infrastructure of Swiss Cash/Swiss Mutual Fund is very solid. The company is fully equipped with a team of experienced international legal and financial experts in order to cope with any untoward situation.

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This I have to see.Let me know when this team acts.......:toofunny:No response so far......

I just found a very positive post in other forum.
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"my up line's friend whose is a lawyer,also a swisscash investor yesterday just reinvest USD15K for sip25.Last month 25th June reinvest USD10K,also early of 15th June,he start to invest few thousands. His opinion for coming court's case:NO PROBLEM,we will win.
Unquote:


pinetree

SC and SMF will have prove to the court that it is a bonafide Company.As for the unlicensed promoters and moneyexchangers, there's no hope of winning.

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Originally Posted by pinetree

I just found a very positive post in other forum.
Quote:
"my up line's friend whose is a lawyer,also a swisscash investor yesterday just reinvest USD15K for sip25.Last month 25th June reinvest USD10K,also early of 15th June,he start to invest few thousands. His opinion for coming court's case:NO PROBLEM,we will win.
Unquote:

pinetree

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Okay as we well know , a bit of translation here is needed to fully understand something this man posts.

First the man did not reinvest $15,000 , he reinvested 15,000 E-POINTS ( "Just Numbers On A Screen" ) and they are worthless , with the exception of conning someone into this Ponzi and lying to someone about the INFO about SMF as being the truth and selling these PICPAY UNITS to any Gullible Sap for a criminal profit.

As far as this so called Lawyer from Thailand's opinion? What the heck else would he say about his involvement in an illegal SCAM ?? He is another one of those Cyber Millionaire Mindset Freaks who also does not believe he has to follow the laws of any government on earth and acquire legal licensing for Fund Managament or Investment Advisor or pay any taxes to any government.

So , did you finally ever aquire a license for taking other investors Funds????:flame:

Quote:

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Originally Posted by Dreamer

SC and SMF will have prove to the court that it is a bonafide Company.As for the unlicensed promoters and moneyexchangers, there's no hope of winning.

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Re:Unlicensed promoters, they mostly probably have to pay penalties and fines. Re: SwissCash/SMF 1948,
the company is Not in violation of the Malaysian Banking Law because it is Not Accepting deposits in its Bank accounts.

ym

Quote:

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Originally Posted by pinetree

Re:Unlicensed promoters, they mostly probably have to pay penalties and fines. Re: SwissCash/SMF 1948,
the company is Not in violation of the Malaysian Banking Law because it is Not Accepting deposits in its Bank accounts.

ym

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WRONG! , The defendants listed on the Court Documents are as follows , Albert Lee , Kelvin Choo, Amir Hassan , SwissMutualFund (1948) S.A., SMF International Limited , Dynamic revolution Inc. So why again was Swiss Mutual Fund (1948) & Dynamic revolution Inc included in the Law Suit??? Because the company Dynamic revolution was the original registrant OWNER of swissmutualfund.biz along with Kelvin Choo , that's why. It does'nt matter what ring-a-rosy games they've been playing with the registration ever since the beginning. That FACTS are Kelvin Choo & Dynamic revolution Inc are the co-founders of this scam , de****e any kind of Toilette Paper document that says DomincaIBC. Most of that IBC stuff is a scam anyway in of itself for the purposes of Tax evasion by individuals or companies. FACT , It has alway been a Malaysian Gig. Those Authorities have Records and Documentation on this SCAM , that only you and I could ever hope to have in our posession.