swisscash scam

Jamaican SwissCash Investors Could Losse Out

Valhalla
Friday, July 13, 2007

Jamaican Investors in SwissCash, the firm promising 25 percent per month on US Dollar investments, could loose their money as the Malaysian government has put a global lock on all it's accounts.

Infact, when two local investors tried to logon in front of this reporter, one investor found a large green banner across the Swiss Cash portalpreventing access; the other investor who was able to log into their Swiss Cash online account showed a Zero Balance on the screen.

On June 21st, the Malay Secutities Commission obtained a worldwide Mareva Injunction against SwissCash. Investors who are still participating in illegal Internet Investment Schemes are advised to withdraw their investments immediately. Investors will not be able to access their accounts once these websites have been blocked, the Malaysian Securities Commission (SC) stated in a July 10 press release.

And the block is just not on the SwissCash Internet Portal. The Malaysian regulators warned of blocking Omirror websites created by Swiss Cash operators following the blocking of access to their main websites.

SwissCash on it's main website, claims to earn an average of 2 percent per day from High-Yield Investments such as currency derivatives , leveraged buyouts, and High-Yielding Debt paper. The company, led by Michael Mansfield, claims that investment of US$1000 or more could earn a profit of up to 300 percent after 15 months.

"My understanding is that the Company operates on the basis of paying interest on funds deposited and on additional persons you are able to recruit. So there were people activly recruiting investors here in Jamaica", explained economist Cedric Wilson.

It has been suggested by Financial Analysts that Swiss Cash gained traction locally not only because of it's high returns but because it appealed to investors who were eager but unable to deposit funds with the popular 'Turks & Caicos-based foreign currency trading firm. In fact local high powered brokers claimed that they have been reliably informed that one of two popular return investment schemes has a significant investment in Swiss Cash.

Said one broker, "People are saying that the entity can pay 10 percent per month because they are collecting 25 percent".

A highly placed source in the Financial services Regulatory community told Caribbean Business Report, "We hear that people have been sending their money to this company, but we cannot say how many Jamaicans have put money with Swiss Cash.

Reports coming to the Caribbean Business Report stated that several Swiss Cash sales agents from Montego Bay have been holding Seminars in Kingston to recruit investors. These sales agents were said to have done very well.

Even so, unlike the long sales lines of eager depositors that characterize the other alternative investments operating in Jamaica, Swiss Cash had it's doubters.

Case in point: "At a highly respected unit trust and brokerage company, senior executives launch a private investigation when the company's bearers tried to encourage them to sign up with Swiss Cash. These bearers found a way to wire money to Swiss Cash and were trying to earn monies from referals. We went online and read the fine print. It said that once you put money in, you cannot get it back unless SwissCash finds another investment to put funds in. Then we called the Swiss Cash number and it was disconnected", explained the senior executive.

A New Kingston Boutique Brokerage House sent someone to visit the Swiss Cash offices on 280 Madison Avenue in Manhattan , New York only to find empty office space.

Wilson explained, "SwissCash in terms of it's introduction to Jamaica, came in later than the two established ones. Also , it is a very nebulous operation. There is no fax number and you cannot contact them directly. Plus there is alot of negative things on the internet about it".

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

These individuals have been barred from:

1) Carrying on business of Swiss Cash.

2) targeting, collecting and/or soliciting funds from the public for investments in SwissCash or any other internet investment schemes, and

3) hosting or operating SwissCash websites or operating any other such websites which solicit investments for SwissCash or any other internet investment scheme.

The Mareva also requires the defendants to disclose all information pertaining to all their assets in and outside of Malaysia, the companies they have incorporated, and the Bank Accounts the operate.

When questioned if our local Financial Services Commission (FSC) was planning a similiar action , the source at the FSC said, "Who would they hold on to? There are no SwissCash offices in Jamaica. It is all internet based". FSC Executive Diector Bryan Wynter was unavailable for comment.

However , the FSC has over the last few weeks, embarked on an aggressive media campaign warning investors to, " think before and check before you invest ".

Wilson noted, "The most the FSC can do is advise people on Swiss Cash does not operate under Jamaican Laws. Besides, this is an outright Ponzi Scheme, an outright Pyramid.

Although , one of SwissCash's business names is Swiss Mutual Fund (1948), it was set up in April 2005. In Malaysia , over 50,000 people have purportedly signed up for the scheme. The Swiss Embassy in Malaysia has denied that it's government had approved the scheme and also rebuffed claims that it was ever based in Switzerland.

http://www.jamaicaobserver.com/magaz...D_LOSE_OUT.asp

And the police. File a fraud report

I am happy to see there will be some arrests here.

another swisscash clone to watch out for is Swiss-Empire.

www swissempire.us

it has same warning from swisscash admin , blocking any Malaysian from open accounts and investing.

Here is a news video from the Philippines on the Singapore SwissCash people who started the Francswiss program. Maybe someone here recognizes them and cam report them to World Law Direct offices.

http://www.gmanews.tv/electionvideo/...wiss-operators

These are the Photo sketches being shown over national tv news of the Admins of the program residing in Singapore.

Originally Posted by Unregistered

Jamaican SwissCash Investors Could Losse Out

Valhalla
Friday, July 13, 2007

Case in point: "At a highly respected unit trust and brokerage company, senior executives launch a private investigation when the company's bearers tried to encourage them to sign up with Swiss Cash. These bearers found a way to wire money to Swiss Cash and were trying to earn monies from referals. We went online and read the fine print. It said that once you put money in, you cannot get it back unless SwissCash finds another investment to put funds in. Then we called the Swiss Cash number and it was disconnected", explained the senior executive.

Well , this says it all. This one sentence quoted from Swiss Cash's own fine print, they admit that money is not invested in anything and you are only paid when other money comes in from other new investors putting fresh money into the scheme. People need to understand that when they invested , their money went out to someone earlier invested and that is why their is such a push for new investors and new countries to be fleeced.

As far as Jamaica goes , Serene Chea and Boriz Sui are solely responsible for promoting this program there as they themselves have , as braagarts , explained to us all about how successful they have been in opening up Jamaica. The authorities need to be alerted as to who they are and their contact details.

So is the money coming back to us??

Originally Posted by Unregistered

As far as Jamaica goes , Serene Chea and Boriz Sui are solely responsible for promoting this program there as they themselves have , as braagarts , explained to us all about how successful they have been in opening up Jamaica. The authorities need to be alerted as to who they are and their contact details.

Where is the reliable source of this piece of fabricated story? It's a poison letter from faceless man who dare not to face the truth but love in falsehood.

Originally Posted by Unregistered

Where is the reliable source of this piece of fabricated story? It's a poison letter from faceless man who dare not to face the truth but love in falsehood.

well it seem he, you, me all faceless dudes. I did do the search now on yahoo and found many referenses 4 this swistalk and the serene chea ladie, so maybe there is point or something in this.

http:// swisscashtalk.blogspot.com

Originally Posted by SwissTalk

Tuesday , July 10, 2007
SwissCash opportunity boom to
~US7,000,000

Dear Investors and Partners,

This is an income summary for June 2007

-Income From 2 Accounts Hit > US174,000+ Per Month

-Total Returns Of More Than > US460,000 In Total

-Total Team Sales hit > US6,000,000 Per Month On June 2007

-EMF Value Increase 49% In 30 Days.
Profiting US4,900 For Those Who Invest US10,000

-EMF Matching Bonus Hits > $6,000 On June 2007

-ACF Has Reached US1.71 and Hit 35% Per Month

-Jamaica Team Hits > US3,000,000 Per Month

Please take a look at the summary of June 2007 at
http://www millionaire-gain.com/sum06.html


To All Jamaicans
For the first time of my life, I am in contact with Jamaicans, I should say Jamaicans are wonderful! The business has boom crazily
in Jamaica, the Team hits > US3,000,000 Per Month on the second month of Swiss
Cash opportunity. I should say Jamaicans are champion!

Regards,
SC1


To All Jamaicans

Warmest greetings and special thanks to all Jamaicans who form the
largest
part of the Team. It's amazing to know Jamaicans' enthusiasm in
SwissCash
opportunity and your commitment in building network to expand your
group.
Your part in SwissCash and sharing this great opportunity with friends
and
loved ones is a job WELL DONE!
What differentiates a winner and an ordinary person is that the winner can
SEE opportunity, the ordinary person say NO. Jamaicans are
WINNERS!
Dreams are accomplished with actions, so let us continue to work on
this
great opportunity to reach our dreams to be financially free.
Together, we
SUCCEED! Achieve better lifestyle and financial freedom.

People Who Take Risks Change The World. Few People Ever Get Rich
Without
Taking Risks.
"A journey of a thousand miles begins with a baby step".
---Robert T Kiyosaki--- Author of "Rich Dad - Poor Dad".

Best Regards,

Boriz Sui
Offshore Investment advisor

so i dun no dude , maybe this why he make the speech about Serene and mr Boriz Sui running the show 4 Jamaican. I see other place in the net where she talk about Jamaica Team in her downline so maybe there som thing 2 waat he say. but he should post his referense B-4 he post 2 back the talk as U say.

I think the news just inneresting

CASH PLUS DISTANCES ITSELF FROM SWISSCASH _ DENIES INVESTING FUNDS WITH THE INTERNET BASED COMPANY

Originally Posted by Jamaica_Gleaner

published: Friday July 20, 2007
Garwin Davis - Gleaner writer

Saying it was in no way engaged in foreign currency trading , Cash Plus Limited this week denied any links to SwissCash, an international investment company which promises returns of 25 percent on investments.

Cash Plus Vice President of Operations, Christopher Goul-Bourne, said there was heavy speculation that his company had invested some of it's own funds in the company.

"It has been suggested that one of the two popular investment schemes in the island has a significant investment in SwissCash", said Goulbourne.

"It has also been said that SwissCash attracted investors eager, but unable to deposit funds with the popular Turks & Caicos-based foreign currency trading firm. It was also implied that the company in question could afford to pay a 10 per cent return because they are recieving 25 per cent.

The comments , he added, were clearly directed at Cash Plus and Olint.

"Although no names were explicitly stated, the two recognisable 'schemes' in the island are Olint and Cash Plus Limited", he said.

"It is ashame that whenever something like this happens, there are those who are all-to-willing to point fingers, even if they are hiding while doing so".

WARNING

The Financial Services Commission (FSC) has been on the alert warning the public that SwissCash was not licensed to sell securities in Jamaica, after learning that agents of the Company were in the island conducting seminars.

SwissCash, which advertises itself as a Mutual Fund company, is asking US$10,000 to US$100,000 per investor. The company is under the microscope in Malaysia, whose courts have frozen the company's assets on the application of the Securities Commission there.

Cash Plus, which is also not licensed to trade securities, says it has never claimed to be in the business of investments.

"Cash Plus Limited is the financing arm of the Cash Plus Group Companies," said Goulbourne.

"It is not a finacial institution and has never claimed to be one. We have never had any involvement with SwissCash or any other scheme, and does not engage in any foreign currency trading. An inquiry by any well thinking individual would imediately determine this".

Nonetheless, the company remains under the scrutiny of the FSC and both are in talks.

The parties, however, have to now not provided any details on the direction of the discussions.

"All I can tell you is that we have been having some constructive dialogue with the FSC but our lawyers would be more quick to elaborate", said the Vice President.

3,000 Employees

"Cash Plus provides employment to over 3,000 employees throughout it's diverse group of companies which are involved in day to day trading activities", said Goulbourne.

It's holdings extend across diverse sectors , including distribution, Gaming, hospitality, telecommunications, entertainment, security, real estate and construction and industrial services, "which bring a substantial profit to the group and greatly benefitthe consumer while adhering to the best business practices", said the VP.

"We have been doing business for the past five years in a very transparent manner".

Cash Plus , over the period, has established over 14 offices in Kingston, 30 distribution outlets islandwide, and over 60 businesses, Goulbourne said.

business@gleanerjm.com

Source: http://www.jamaica-gleaner.com/glean...business3.html

These Outside agents no doubt coming from Singapore to scam with seminars some of the poorest peoples on earth. Hope goverment gets them that start the thing in the first place. World Law Direct should gets involved here also.