SINGAPORE & SE ASIA SCAMS  

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All across SE Asia scams appear then dissolve but in many cases the perpetrators are free to go while those they hurt have the agonizing task of trying to regain their lost investments. Via Police corruption; expensive & drawn out law office procedures or inept effective barrier Government laws the initiators of these scams go free or are fined yet their financial gains are never accounted for in full to those who lost. Admittedly those who invest do so at the peril of being scammed but it can only be said if you believe in them then it is your problem if for some reason the investment fails. A Bank will offer you a secure investment but many finance companies like Property developers etc may offer you out of this world gains when the buildings have not even been finished or started as they use your funds to arrange the necessary capital to start the project and allow them to profit at the end. It happened in NZ with Blue Chips & Hanover Finance, USA, Australia in the recent subprime and in SE Asia the perpetrators can sircumvent around the courts. Internet websites can come then go & so can finance and get rich quick websites and companies; offering high returns for minimal investment get those in for a quick buck then vanish. The easy part is --- giving, the hard part is getting it all back. MLM (Multi Level Marketing) or schemes that promises returns that are unimaginable are easy prey for those wanting to make a fast buck.

Sources on the lists:

1. Sunshine Empire (Emcom) - CLOSED DOWN!

Founder James Phang and some of his CEO's were charged in court by the Singapore government and CID on 5th march, 2009.

http://www.firstmillionchallenge.com/sunshine-empire-too-good-to-be-true/

http://www.thelocalking.com/singapore/miscellaneous--others.../sunshine-empire.html

2. Swisscash (Swiss Mutual Fund) - CLOSED DOWN!

The biggest money scam of the century, propelled by top scammers like Serene Chea from Singapore. She allegedly sold points for cash to investors who earned worthless points without the prospects of cashing out.

http://swisscash-investment-review.blogspot.com/

http://www.worldlawdirect.com/forum/internet-hyip-scams/683-swisscash-scam-135.html#post18890

3. BuyEbarrel - CLOSED DOWN!

Employed the similar tactics as Swisscash with promises of huge payouts for doing nothing!

http://www.talkgold.com/forum/r144694-.html

http://hubpages.com/hub/wwwbuyebarrelcom

4. Lucky Index - CLOSED DOWN!

Illegal gaming and lottery MLM scam.

5. MobileEwallet.com

Malaysia claimed to has been granted MSC Malaysia status by MDEC. A lot of members who invested in their payplan complained that they never got paid.

http://mobilewallet.bravehost.com/

http://www.thelocalking.com/explore/sunshine-empire/more/page=1/order=SubmissionDateNew

6. e-Worldusa.com

Seen their comp plan. So much like pyramid. Claimed to be aiming for IPO's.

http://forum.lowyat.net/topic/713903/+0#entry17821689

http://mlmg.sgforums.com/forums/14/topics/266839

7. SMICAP.COM

Virtual shares that promise to return 100 times your investment. Virtual shares got no actual value. You have to get another investor to buy over your shares later.

http://answers.yahoo.com/question/index?qid=20090116202104AA7GvQr

8. SINGCAP.COM

Owners are leaders that came out of SMICAP and used a similar plan.

http://www.singcap.com

9. WCI - CLOSED DOWN!

Owners are Singapore two MLM leaders that came out from Sunshine Empire and Chu Fong (a defunctTaiwan MLM company). One of the Malaysian partner siphoned off all the money after promising huge returns for the investors into their bird-nests and oil farms in Malysia and Indonesia which did not even exist.

10. Xthreem Online - CLOSED DOWN!

Members never got paid. Michael Reyes (Philipino) claimed to be a representative of Xthreem cannot be found after collecting hundreds of thousands of dollars from investors in SIngapore and then bolting.

http://answers.yahoo.com/question/index;_ylt=AmazAxmEoS72NabKr9QNvrojzKIX;_ylv=3?qid=20080511013030AAGiWHP

http://xthreem-goa.blogspot.com/2007/11/xthreem-online-scheme-4.html

11. MegaeForex.com

They shut it down after scamming investors for two years but open up the site again to scam more people. The only problem is that the old investors had not been able to log into the site anymore without any reasons given to them. They left the site open so as to scam more people. However with their name listed as a scam , it will be harder for them to put a fast one anymore.

http://answers.yahoo.com/question/index;_ylt=AvZKFcRZLV3zyq4G486JhkEjzKIX;_ylv=3?qid=20080417030310AAW0

12. Oilpod.com

http://tankinlian.blogspot.com/2007/12/risky-business-venture.html

http://www.lioninvestor.com/oilpods-update/

No payout was received by investors after some time with Oilpod. A check on filings by Powder River to SEC shows that the company is having cash flow difficulties. OilPods has instructed their legal representatives in the United States to take the necessary actions to protect the interest of investors.

13. ProfitableCapital.com

http://www.propertyscam.org.uk/d6plinks/7HCBME

http://www.lioninvestor.com/profitable-capital-group-alert/

Profitable Capital Group is a scam. They are misusing another company’s name to operate a ponzi scam that promises outrageous returns like Swisscash (or Swiss Mutual Fund)and unfortunately, many Singaporeans joined them and history always repeat itself.

14. Profitable Plots Landbanking

Raided by Malaysian Government! Investors in Singapore never get paid.

http://www.alantanblog.com/investment/land-banking-is-a-scam.html

http://www.propertyscam.org.uk/d6plinks/7NYCFK

Source: The above were illustrated on www.masteryourfinance.com & Singapore at the website: http://watcher-watchout.blogspot.com/2009/03/scammed-out-of-our-slippers.html

If you have any informtaion on this scam artist contact the Thai Police, US Embassy or our law office below & any further information please send to us. To those who are affected let us know. Complete discretion assured.

SINGAPORE SCAM STARTED IN 2006

Lance Frederick Shaw is an Australian national who is a bankrupt, banned from promoting any financial schemes or should I say played the field then bolted. He is also the con man behind hiperfinance a now defunct website and this man stole thousands of U.K Sterling and $$$$.PAPPA Co., Ltd. Law Office in Pattaya are helping the victims

Lance Shaw made himself known in Singapore in the Year 2006.He came in and out of the country, promoting his gold stocks from Africa and HiperFinance.com.

 
Lance Shaw claimed to hold millions of dollars in HiperFinance.com, of top of with his claimed African
gold mine(s) ownership.He heavily promoted the now defunct website called http://www.hiperfinance.com (HiperFinance.com) and held gatherings in Singapore to promote investments through that website.

HONGKONG SUFFERS FROM FAKE GOLD DEC 2010

200 ounces of fake gold was traded in Dec 2010 and 10 times that amount might have actually hit the retail Hong Kong market. Describing the swindle as " one of the most sophisticated scams to hit Hong Kong gold market in decades", the Financial Times said it has come when the price of gold has soared to record highs of $1,400 an ounce. Haywood Cheung, president of the Chinese Gold and Silver Exchange Society said the fake gold Indian rupee plates were an excellent fake.
 

MALAYSIA SCAMS:

Read more on: www.kampunginvestor.com

AMERICAN GREED & SCAMS IN THE USA 2011

Read more and heres a good website: http://www.cnbc.com/id/18057119
It's a CNBC program called "American Greed" and features many scams in the USA .

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