swisscash scam

Hi all,

Swisscash pays to worldwide investors every month without fail. Transactions of over US 70 millions has been made previously. Recently HSBC, a widely known world local bank, has been working with them. For bank to work with swisscash, they ought to do their due diligence extensively before committing . With 20 months of transaction to investors local bank account and their source of investment verified only to the parties involved( 15 china banks and a world local bank, HSBC), I do not think that it should be considered as scam just because of some baseless and unverified dd. Bank incharge personnel don't just listen to investment company unverified words . If the authorities found out that swisscash from swiss mutual fund is operating illegally scamming people, having ponzi scheme, banks incharge personnel will also be prosecuted. The FIU(Financial Intelligents Unit) and FBI did not announce that swisscash is scam and if they really is operating illegally (money laundering or relates to terrorist financing) their activities and website have already cease operating early in the year 2005 and 2006.
Imagine a scam company have the guts to spread to 6 continents (Asia, Africa, Europe, America and Latin America) having about 170,000 investors. And people who have not invested say swisscash is scam due to their own unreliable DD. Why is swisscash from Swiss Mutual Fund still operating now (Jan 2007) since April 2004 ??? Do you mean the authorities (FIU and FBI) and is "sleeping" ?

To know more on the organsation of Financial Intelligent Network, please go to :http://www.fincen.gov
About a hundred country has got FIU (Financial Intelligents Unit) to counter money laundering, illegal activities and possible terrorist financing issues.

Issue #1:

How many companies website is using same address as swisscash?

280 Madison Avenue
912 - 9th Floor
New York, New York
NY 10016

1 ) CriticalKnowledge
http://www.ckpps.com/Contact.htm

2) ExpertRating Solutions
http://www.expertrating.com/contact.asp

3) Whispers Media North America
http://www.whispersmedia.com/html/contact.asp

Virtual Office Solutions is not something new on internet. It is not fake as can be seen from http://www.yourcityoffice.com/contact_us.php , a virtual office provider.

Issue #2 :

On Swiss Mutual Fund (1948) S.A. existence since 1948

Swiss Mutual Fund (1948) S.A. was purportedly operating privately offline in Switzerland. In December 1999, it moved to the Commonwealth of Dominica for more favorable taxation and other economic reasons. It was then launched online together with SwissCash on June 2005.

The use of internet actually commercialize and becomes widespread in 1995 when Telstra bought AARNet and opened the gateway to other private and commercial opportunities. Source: http://www.cultureandrecreation.gov....ides/g2/s2.htm
But SMF was still operating offline at that time. That is the reason as why there is no website of SMF earlier than June 2005.

The parent company is www.swissmutualfund.biz not www.swissmutualfund.com . The funny thing is earlier forum poster who have done the dd on swisscash uses the wrong website. The so called dd posted by the unregistered poster is also not precise and not to mention about the accuracy of his/her other informations.


From Mr Investor.

Swisscash is pure scam--pure scam! invest and lose!

Here's the latest "updates" from the spin doctors at swisscash... apparently they are hitting back at a news daily in singapore for exposing the scam that swisscash is...

================================================== ======

I suggest those who have the MyPaper to keep it, frame it up, this will be a strategic document in future.

What the paper has done, is in fact, as been said, free advertisement.

Effectively it has created a filter to remove those unwilling to take risk, and did not do their analysis.
And whoever joined from now onwards, will more likely be a builder or 'cheong' type.

The arena is heating up.

Back to a few points that MyPaper messed up, and exposed their unprofessionalism:

1) Minimum investment is US$1,000

WRONG! It's US$100

But it cannot be blamed on MyPaper or the reporter, because this info is provided by a reader.
But the paper is at fault for not checking and verifying sources and information.
This is a very simple info that can be easily verified via SwissCash's website, and they did not clarify the reader's statement. Terrible!

Hello! MyPaper! Wake up! Don't be so shoddy!


>>> This doesnt do anything to refute the allegation (or should i say FACT) that Swisscash is a scam!!


2) Swiss Mutual Fund has been blacklisted

Not entirely true. According to report, MAS (Monetary Authority of Singapore) has listed SMF in its IAL (Investor Alert List). http://www.moneysense.gov.sg/check_o...ortal_IAL.html

When you look down the list, you see a whole bunch of companies that MAS has no idea what is their business, whether it is legitimate or not.
I get a sense that this is just any government authority's way of washing their hands and say,
"I told you so!" .... It's simply an act of insurance on their part.
Also, how ignorant can MAS be when they listed the dreamkaya website?
When you trace and track some activity, you go back to the source, not stake out at the distributor's lawn.

Back to MyPaper.
Using the chinese phrase "hei ming dan" blacklisted to associate with an Investor Alert List is total unprofessional, unethical and irresponsible. It shows now naive and unlearned and biased the reporter was.

If SMF is blacklisted, why is it still allowed to conduct business?
If SwissCash is to be blocked off, it can be done, quite simply.


>>> The fact that it is in the Alert List means something is hazy somewhere... as the saying goes, when there's smoke.. there must be fire...


3) Swiss Embassy in Singapore confirmed it is a scam

I do not think the reporter has gotten it correct.

The Embassy staff was not quoted verbatim, so I have no way of knowing, but then again, it's simply unprofessional not to quote. I wonder how was the question phrased, or whether it's just a low level staff at the frontdesk that answered. It sure would be unconvincing if the quote is like this,

"SwissCash is misleading the public to believe that it is a Swiss company or related to Switzerland or operates from Switzerland, but this has been proven to be false by the Embassy" said a receptionist.

Again, I am very angry that the reporter's extremely low standards, or perhaps language deficiency,
when she used "pian ju", scam/con job, to describe what the Embassy has stated as 'falsehood' / 'sleigh of hand' that SwissCash is related to Switzerland.

Another tabloid style sensationalistic sub-headings, same as #2


>>>>> Hmmm... Attack the journalist to deflect the real issue on whether Swisscash is indeed a scam... nice try.


4) Fund manager: High Returns, Low Risk is not rational

OMG!!! And he dares to call himself a fund manager?

Low risk, Low returns
High risk, High returns

That is the paradigm that has been used successfully by fund manager to gather funds by brainwashing investors into accept the high risks in order to gain high returns.

HELLO? You believe that?

Of course when something is repeated 1,000 times it becomes the truth, much like you will believe that drinking milk increase your calcium in bones, that's what the TV adverts and the diary companies want you to believe, and it has been drilled into the public like the truth.
But the fact is that drinking milk leads to osteoporosis, but that is a separate topic by itself.

The point is, what is commonly known, may not be the common truth.

Ok, can low risk be rewarded with high returns?
Yes!

Have you invested in Google IPO?
What's your risk? What's your return?
You can answer that yourself.

If you can spot opportunity or is a value investor, low risk, high returns is the norm, ala Warren Buffet.


>>>> Comparing Google to Swisscash is too much... its almost like comparing Tiffany diamonds to dog poo.
No comparison there. Google is a legit company recognized worldwide. Swisscash despite its $9 Billion value is nowhere to be found...


5) Website address was found to be from a travel agency.

*sigh*.... never check and verify.... *shake head*.

The website formerly belonged to a travel agency, yes.
Now its not, now its SwissCash's, so what's new?

This is like accusing the ex-owner of a Hit-and-Run when he already sold off the car!


>>> Who cares abt where the website's from? The issue here is still Swisscash's legitamacy. And for a $9 Billion company to just come in out from the cold (in 2005!) and establish an internet presence by taking over some travel company's website..... hmmmm... makes you wonder what kind of company is that.

6) Also, the report totally has no concept of the difference between a Pyramid Scheme and a PONZI, and made the wrong association of SwissCash with a Pyramid Scheme.

I was rolling on the floor laughing that MyPaper is making a laughing stock out of themselves.


>>> Pyramid scheme, MLM scheme, Ponzi scheme.... whatever...go pick your poison.

7) Finally, if MyPaper is interested in the welfare of the public and is doing their duty, they should invest into SwissCash and investigate and get inside scoops, that's why 20/20, New York Times and plenty of reputable media organisations do.


>>>> I guess they're not dumb enough to make the same mistake. Hahaha!

If you want to report, make it a honest and unbiased one.

I disliked MyPaper for corrupting the standards of the Chinese language, and I have never treated it seriously as a worthy paper,
this report exposes MyPaper's incompetence.

Sad.

Don't place any money with Swisscash, it is a pure scam.

Confirmed it's a SCAM that donate money to people. So they're good scammer. Just pump in money and see the result.

I was never paid. Scam, ponzi, call it what you want; they take the money and run and hide. There is no real business there.

Hi! I'm from Brunei. I've been quite long as a SC investor. SC never miss a single payment & it is on time, i repeat never miss but on time. Oh well did i mention that investors received sms notifications? Yeah talking about sms notifying to more than 170,000+ members worldwide. Just calculate BN$0.20 x 170,000 = BN$34,000/day ie. US$10,000/= . Multiple it by 30days = US$300,000/mth & that is only expenses for SMS notification system. If SC is a scam, why did they spend much just for the sake of the worldwide SMS notifications system? Doesn't make sense at all.

If SC is gonna be a SCAM, why don't they shutdown few years back? Why they can survive till now? The paid professional hackers took a long time to hack the website system. Up till now even hackers don't even succeed. Learn from experience you guys because experience is not your best teacher, it's your only teacher.

As for the so-called "unpaid investor" who has posted here. Do you have backup to proof your claim? If yes, then show me.

Regarding about the bank in Singapore that don't accept (blacklisted)incoming TT from SMF. What i can say is it could be "politic". Well, local banks do have to protect their clients, don't u think so? If i were a bank CEO when i get to know that my clients going to invest in SC, i'm gonna do the same. Banks in Brunei don't have any problems with incoming TT from SMF. Why don't we check out & learn about "Patriot Act Law". You'll get the idea of legal money transactions.

Ohh tell me about the definition of SCAM? From what i know is SCAM is robbing investors money. There's no news about investors being scammed by SC. So please, mr."unpaid investor" .... show us your proof.

Sorry, i don't speak & write in english very well. but i hope my statements here will clarify our minds. I didn't meant to flaming anybody. I just share my experience with SC.

Regards,

SC Financial Consultant, Brunei.

They have not been paying for years...thats a lie--why don't you have a big four accounting firm issue a release and audit if you have all those millions...would not cost much and then everybody will invest--and why do you care if more people invest? You are getting paid right?

Lie!

A pure scam, they will will steal the funds and disappear--swisscash is a 100 percent pure scam! If you give money you will lose it even if this pretend "brunei" tells you otherwise. I have not been paid a dime!!!!

Originally Posted by Unregistered

They have not been paying for years...thats a lie--why don't you have a big four accounting firm issue a release and audit if you have all those millions...would not cost much and then everybody will invest--and why do you care if more people invest? You are getting paid right?

Lie!

A pure scam, they will will steal the funds and disappear--swisscash is a 100 percent pure scam! If you give money you will lose it even if this pretend "brunei" tells you otherwise. I have not been paid a dime!!!!

Show me your proof then. Email me at sc_financial_consultant@hotmail.com

I'm looking fwd to see your backing.

Regards,

SwissCash Financial Consultant, Brunei.

Hotmail??? I am not the poster you are asking. I just saw this this morning. but can you post or tell your office address and identification--as a consultant? And a government official that can verify.