Thread: SwissCash/SwissMutualFund/ESuisseFund

I see another promoter has thrown the towel in at TG.Even removed her signature and photo.

It's not looking good for those cashing in on e-points.

Originally Posted by Owen Platt

If, as claimed, Swiss Mutual Fund (1948) s.a. are licenced as a financial institution, able to accept funds from the public, they are obliged under the terms of the licence to publish their annual audited accounts and to provide these to ANY enquirer.

Swiss Mutual Fund is Not accepting any public investors. It is a Closed company Privately owned. Swiss Mutual Fund is Not obliged to publish the Audited accounts. It is not Even obliged an annual general stockholders meeting. IT IS A PRIVATE COMPANY.


pinetree

Originally Posted by pinetree

Swiss Mutual Fund is Not accepting any public investors. It is a Closed company Privately owned. Swiss Mutual Fund is Not obliged to publish the Audited accounts. It is not Even obliged an annual general stockholders meeting. IT IS A PRIVATE COMPANY.


pinetree

Pinetree

Have you ever promoted a Company that everyone could verify as legit ???????

Or does all information and knowledge only come from you and your word ??????

Smells like rotten Sushi to me. Altho in some Asian countries , I here that's a delicacy

Some IBC gen.

An IBC (International Business Corporation) is a corporation and must be managed as such. It has Directors and Shareholders (owners), and it can do business as any other corporation.

However, it has one important feature that makes it different:

It is granted freedom from financial reporting by the country it is established in, provided:
it does not conduct any business in this country itself!
all shareholders are residing outside the country as well.
The only reporting obligations an IBC has is the update of the names and addresses of the Directors and the address of its legal office or agent's office.

The consequence of this is that it has no liability for income tax on its profits - it does not even have to report to the government what kind of income it makes!

----------------------------------------------

(quote)

The only difference between a domestic (local) Corporation and an IBC is that the IBC is entitled to do business without any financial reporting to the government in its own country. Just like the Offshore Trust or Private Interest Foundation. But the terms are also similar: the owners (shareholders) cannot be residents in the country the IBC is established in, and the IBC cannot do business in its own country without filing tax returns for those activities and being taxed on those. Now, using professional services is not generally included in this definition of "doing business". The IBC can use lawyers, accountants, and other professional advisors in its own country - no problem. But it cannot sell anything or in any other way derive an income from business activities in its own country.

When you get an IBC established, you are, of course, interested in doing it in a small country that does not have to be included in your market...

Most states in the USA are more than happy to provide IBCs for foreigners - but not for US citizens and residents. And not for foreigners that want to do business in the USA. Same thing.



Liability shield

The main advantage from a Corporation (domestic or IBC) is the liability shield. The owners (shareholders) are not liable for what the corporation does, except for the funds they invested in terms of share holdings and/or shareholder loans. In other words: if the IBC runs out of cash, the creditors cannot sue the shareholders or the directors to pay the debt owning.

This is what makes an IBC a very valuable instrument for your Trust or Foundation. Your "Uncle Offshore" should be kept free of liability at all time. He owns your assets, so you want zero liability to point to him. When you do his business through an IBC, he gets that protection - still with no tax liability.



Nominee Director

And IBC needs a minimum of one, two, or three directors. It depends on the country. Many countries will even allow a foreigner to be a Director. Most times, the law calls for at least one local Director, though. Some jurisdictions also allow Corporations or Trusts to assume the office of Director. On top of this, some countries even allow for nominee shareholders, and others allow anonymous bearer certificates for shareholders. It can be quite confusing.

However, for almost all simple business propositions, you are best off with a very simple IBC: You need only one shareholder (your Trust or Foundation), and you need only one Director, whom you hire in the country the IBC is established in. You let the Director take care of the IBC the same way as you let the Trustee take care of your Trust or the Council of your Foundation. In other words: you do not personally touch any of the offices of "your" IBC!

This means that you do not open any bank accounts for the IBC. You never sign any documents for the IBC. You never pretend that you have any ownership interest in the IBC - because you don't! You let the Director do all that on behalf of your Trust/Foundation, so you can enjoy your privacy.

As for the Trust or Foundation, you can work as an agent for the IBC also - no problem. But you want nothing to do with its shares or legal offices. The reason is that you do not want to commit fraud on your tax return. "Anonymous" or not. "Confidentiality" or not. A crime is a crime, whether it is discovered or not. A director does not cost more than a couple of hundred dollars per year. If you want to make yourself a criminal for that kind of money, then I seriously suggest you go and find yourself a job instead... So, if you live in any western country where you are obliged to report your personal assets to your government, also if they are located in another country, do not get tempted by those apparently very attractive offers from The British Virgin Islands!



Which country?

The country you choose really does not matter very much. As long as you can get away with using only one Director, and you are able to find a good one you can work with. I know some I am extremely happy with myself - and I know they would also work for my clients. On top of that, the prices of IBCs in that country are the lowest I ever found! And better yet: This country (Commonwealth of Dominica) is not very well known yet as "tax shelter" - no big governments have any interest in it...

There are certain limitations, though. If you want to engage your IBC in gambling, high-risk insurance underwriting, or pornography, for instance, many countries will not accept that. But others will. Like Costa Rica. It just costs more to establish and run an IBC in those countries - no "free lunch"!

Also, if you want a merchant account so you can charge your customers' credit cards online, you need the IBC established in a country where the banks are reasonable in regard to the terms for that. For this, Panama is an excellent, but rather expensive choice as this country requires three Directors - for that very same reason...

Finally, if protection of the IBC against lawsuits is important because you know it has a high risk of running into legal conflicts, then you want to choose a jurisdiction that makes it very difficult to sue the IBC. The law in Nevis is second to none on this: in order to file a lawsuit against your Nevis IBC, the plaintiff must pay a $25,000 non-refundable fee for just having the judges consider accepting the case as non-frivolous! But Nevis IBCs are not cheap, so unless this risk management strategy is important to you, you are better off with something less expensive, as in Dominica...

But, other than this, it simply doesn't matter - because you are not going to do business in that country anyway!


What does it cost?

An IBC typically costs around $1,500-$2,000 to establish. On top of that, you will have to pay yearly maintenance fees. There are several - and they vary from one jurisdiction to another. You have to pay the government for keeping the registration alive. You have to pay a local agent, and you have to pay your Director(s) . Sometimes, you also have to pay a registrar. And sometimes also some other government fees that are nothing but camouflaged taxes. In total, you should expect a yearly cost between $500 and $1,000.


Bank account of not for your IBC?

For the vast majority of cases, you will not need a bank account for the IBC!

The reason is that no government cares whether it is the IBC or the owner (your Trust or Foundation) that gets paid. You Uncle's bank account is most often good enough to handle both your Uncle's own affairs and the affairs of his business! Remember, there are no filing requirements. No taxes. No need for bookkeeping! No need for accountants - you can throw all receipts away - you don't need them! Not a single soul gives a damn if you mess around with "business expenses" and "personal expenses" on your Uncle's bank account.

For your domestic business, this is very, very different.... but the exclusive reason for this is that the government will not allow you to make personal deductions from your personal income, but it does allow the business to deduct "legitimate business expenses" from the taxable income of the business. If you mix your personal transactions with your business transactions on the same bank account, it gets very difficult for the government to control - and when that happens, you get the blame, because the government's default reaction is to reject your attempted deductions and let you carry the burden of proof!

(end) Extract from the "doggy bone Newsletter" by Mogens Eliason

Originally Posted by pinetree

SwissCash is Not a Scam. The Japanese man, without checking the announcement to the effect that SwissCash/Swiss Mutual Fund are no longer "Accepting" "Incoming Bank wire transfers" to Fund any New Or even Existing SwissCash members. He made a "Wrong Complain" in TalkGold SwissCash Forum. He should have "Complained" with his Own Sending Bank.
I, a Japanese SC member, also offered to help him to "Recover" his $1052. Up to today, No Answer. He Might Have Recovered His Money Already.

You Are Really A Big Liar. How many lies are you going to tell on SwissCash?

pinetree

Could anyone tell me how to find one of these new Swisscash "dealers"? As far as I know, I can no longer top up my current investment without going through a dealer, and Swisscash won't help me find one -- they won't reveal the names of any dealers. I have lost the Email address of my original sponsor, which is why I am stuck. Thanks in advance.

gettingresults
Kumamoto, Japan

I just sent an e-mail. pls. check your inbox.

pinetree

Originally Posted by gettingresults

Could anyone tell me how to find one of these new Swisscash "dealers"? As far as I know, I can no longer top up my current investment without going through a dealer, and Swisscash won't help me find one -- they won't reveal the names of any dealers. I have lost the Email address of my original sponsor, which is why I am stuck. Thanks in advance.

gettingresults
Kumamoto, Japan

Be Careful Kumamoto

This Yoshitsuga is not a licenced Financial Officer of any company. In fact Lloyds of London refuses to have anything to do with him. Others are just now coming forward with shouts of this bogus company scamming them. They're affraid to deal with customer complaints , so they push it off on these fraudant Dealers.


Be Warned

Originally Posted by bluepacific

Hey Bonzai Scheme

Anyone here can take a look at your track record and what you've backed and promoted and see that setups EXACTLY like SwissCash are what you are drawn too. Even when these scams go belly up , you're out there that they are coming back. What possible reason could that be ???????

Do they pay you to deflect attention while they make their get away with the cash and try their best to burn their paper trail only to resurface as something else. This secretive Banking crap is just what the governments are trying to stop and seeing how the majority of these members seem to be out of Indonesia and Malaysia where there is a hotbed of Muslim Funtamentalist terrorist , does'nt bode well for you and the nations have every right to investigate possible terrorist connections. Especially when these supposed banking transactions are to be only done thru mobile phone technology. Gee , someone for got to tell that to Sukiyaki who believed that any normal Financial Instution would have a Bank and sending a perfectly normal wire transfer would be okay.

He had no idea you were supposed to send money up the Pyramid chain to a freakin in order to get in. How does a reputable 1948 Swiss come up with a crazy unsophisticated concoction like that.

By the way , the Swiss Government and Swiss Banking Officials have no idea who or what your company is. Your bogus Company's last update by Mr Peter Sanjeev even stated how successful SwissCash has been since it's inception in 2004. What happened to 1948 ????????

Now another clone has sprung up E-Suisse Fund with the same M.O. E-Points and everything. Same EXACT script , Different name. Clever exit strategy. Swiss cash is close to dumping folks.

Trust me , we're going to do all we can to see that Sukiyaki finds the right Authorities


Blue

Hai dude.. do you really know what is eSuissefund(ESF) all about? I've joined this program since November 2006 and they never fail to pay daily bonus every trading days to me till today.... now ESF is getting better and bigger.. then swisscash.

Originally Posted by bainn68

Hai dude.. do you really know what is eSuissefund(ESF) all about? I've joined this program since November 2006 and they never fail to pay daily bonus every trading days to me till today.... now ESF is getting better and bigger.. then swisscash.

It's the same old script , only it's not from GoldCoders.Com , It's from Brian Marsden and who ever he was partnered with. Making money off new referals won't continue these programs to pay out no matter what their website misleads you to believe. Study real hard all of these programs and how they are structured and pieced together. They are EXACTLY the same program with name changes. They have the same perverts running and cheerleading them.

Blue

Originally Posted by bluepacific

Be Careful Kumamoto

This Yoshitsuga is not a licenced Financial Officer of any company. In fact Lloyds of London refuses to have anything to do with him. Others are just now coming forward with shouts of this bogus company scamming them. They're affraid to deal with customer complaints , so they push it off on these fraudant Dealers.


Be Warned

H,bluepacific,

You Are Really A Big Lair. It is almost amuzing.

pinetree