SwissCash

Is Swiss Mutual Fund & Swiss Cash a Scam?

The website (SwissMutualFund.Biz) claims Swiss Mutual Fund was founded in 1948. It’s baffling to see that their web presence just started in 2005. The SwissMutualFund.Biz domain name was registered in Jun 12 2005 for only one year.

The Financial Team page of SwissCash.Net named six people including Michael Mansfield. The rest are Kurt Sandelman, Rupert Benedict da Vinco, Julia Rodriguez, Hector Willem Sidberg, and Fernando Munoz.

The guy in charge of managing the fund is Michael Mansfield, the Chief Financial Officer.

SwissCash claimed that they are based in the Dominica - a statement questioned by many sources. Their current addresses:

280 Madison Avenue, 912 - 9th Floor,
New York. NY10016, U.S.A

P. O. Box 2342. Roseau,
The Commonwealth of Dominica

Tel: +1 212 386 5570
Fax: +1 212 386 5573
service@scsupport.net

For more information see Is Swiss Mutual Fund & Swiss Cash a Scam?



About Swiss Cash & Swiss Mutual Fund

The internet is filled to the brim with schemes and scams which all promise to make you rich in days. Swiss Mutual Fund or Swiss Cash is one of the most popular of such schemes that promise unbelievable returns.

According to its website, swisscash.net, Swiss Cash operates an investment fund that dates back to 1948, has billions of dollars in assets, offers investors returns of up to 300% within 15 months and has been overseen for the past 15 years by a CFO named "Mike Mansfield."

Although the website claims Swiss Mutual Fund was founded in 1948, it's baffling to see that their web presence just started in 2005. NO ONE has been able to find any record of this organization since before 2005.

To the untrained eyes, the main website at SwissMutualFund.biz is a well designed site belongs to a well established investment company.

To me it's filled with a mediocre sales pitch trying to sell some vague and suspicious investment scheme which guarantees large returns.

The website is filled with pictures of people and images unrelated to the company. They even try to make it looks legitimate by including stock market performance charts obtained from Yahoo, which any website operator can easily do.

The contact information on their website is fake. The New York address is nothing but a mail drop and their company phone number turned out to be a verizon cell phone with no answer.

'Swiss' is obviously a phrase this company uses to attract customers, but no connection to Switzerland has been uncovered. SwissCash claims to be registered The Commonwealth of Dominica but this has never been verified, and ties to Malaysia and Singapore have been discovered as well.

The Swiss government, along with the Swiss embassy in Malaysia and Singapore, have released statements warning citizens about SwishCash operations.

Government authorities in several other countries have warned investors that Swiss Cash is probably a pyramid or Ponzi scheme.

In this type of scam, early investors are paid back with their own money and the money of future investors. Since initial investors are getting returns they unknowingly (or knowingly for some) perpetuate the scam by recruiting others. This goes on until the stream of new customers dries up or the fund operator decides to disappear with the money.



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