swisscash scam

Originally Posted by xcesssbiz

It appears that ever since they converted the SIP15300 plan to ACF, the wheel of change has happened.

As a Ponzi Scam, they would have been running out of money as the payout was a little beyond what they could handle and thus what they did was to stop payment for SIP15300 in April. The conversion to ACF means that they do not need to pay till October which gives them 6 months of non-payment. I believe they bolted with all the SIP15300 remaining money. Malaysia and Singapore being the largest bulk of their customer base. They would have a nice pool of money in there.

They know that their members would be gullible enough to go invest more in the SIP25 so they would not be any short supply of funds. In fact from what I was told when Swisscash decided to shut access to all Malaysian MY accounts, there were Malaysian coming across the border with tons of money to set up Singapore accounts instead. That is how brainwashed some people are.

As for the SIP25, since the payout was 25% a month (return of your own capital), it was introduced in April but you will realize the website disappeared on August 18th. April to August is exactly 4 months which means you basically just get your capital back from the SIP25 plan. It cost them nothing and it is probably a stall tactic while they move the SIP15300 money away.

If SIP15300 is some sort of unit trust, what governs the prices since there is effectively no supply or demand forces which defines it as no one can sell or buy before October ? If it is based on some composite stock, what are the components ? Why in terms of the crisis around the world, the SIP15300 was not affected and just goes up steadily.. maybe dropping 1 cent and going back up again.

Personally, I think that is just to stop people from making any noise about their sudden conversion of the SIP15300 to ACF. No legal company would do just a thing as they would at least give you pre-warning and a choice as to whether you want to convert or stay or get your capital back.

Now even with the Commonwealth of Dominica releasing the information that Swiss Mutual Fund has dissolved at the end of 2006, people are still hoping that they will resurrect and get their promised money.

The thing is that this world is not made up of all nice people. It is a dangerous world and people do play on your emotions and that lust of easy money. It is sad but it is true.

Many Malaysians set up their accounts with Serene Chea and her cohorts in Singapore. She sold most of her worthless e-points for hundreds of thousands to these gullible Malaysians and Jaimacans. Sad stories to many investors but happy for the few who suckle them further our of their hard-earned money.

Swiss Cash web-site is down since August 18th 2007...
No news from anyone.

Looks like it is gone !

Originally Posted by Pete Pete

Swiss Cash web-site is down since August 18th 2007...
No news from anyone.

Looks like it is gone !

don't wait, they are gone with the money. They will come with a new **** of ponzi.

SC already paid out all the investors for more than 2 yrs, even if it gone now
we just hav to accept it. move on everybody..

It seems that Ponzi has the life span of maximum 2 years only. Never ever believe in internet investment or virtual company.

The gain is small, the lose is great!

Originally Posted by Unregistered

SC already paid out all the investors for more than 2 yrs, even if it gone now
we just hav to accept it. move on everybody..

look like other NthDimension defect from subject post. Must be paid by Serena and Kenny to calm member down from heat.

Originally Posted by Unregistered

SC already paid out all the investors for more than 2 yrs, even if it gone now
we just hav to accept it. move on everybody..

Only you get paid. The others have lost their money. What they got was worthless e-points and now nobody is going to buy them. We will move on but the culprits must be bought to justice to prevent another occurence.

Originally Posted by Unregistered

It seems that Ponzi has the life span of maximum 2 years only. Never ever believe in internet investment or virtual company.

The gain is small, the lose is great!

100% true. Gone with wind within 2 -3 years lifespan are Studio Traffic, Swisscash, Suissefund, Buy-e-Barrel and many others. The stronger one last three years while the others six months. However, human greed will continue to prompt many to invest in such HYIP and ponzi schemes.

Originally Posted by Unregistered

don't wait, they are gone with the money. They will come with a new **** of ponzi.

The same group of people is starting another ponzi. They have make millions out of investors and they will try to make more millions out of more suckers.
Don't just be a sucker but retaliate by telling others about this scammers!

Originally Posted by Pete Pete

Swiss Cash web-site is down since August 18th 2007...
No news from anyone.

Looks like it is gone !

i am so sad and angry....I started it in April 2007..
Never cash out my e-points.
The most stupid thing i do is i re-invested
with a 2nd account after seeing my first
account 'growing' so slowly..
Blame it on my own greed and gullible in
believing my 'trusted' friend.
It is an expensive lesson learnt...sigh.......