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Beware of these Scam Businesses in Malaysia

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Beware of these Scam Businesses in Malaysia
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Posted at 16 Jun 2009 3:46 pm
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hi..gangs,
 
i just feel like sharing
pls do not have hard feeling.                                                                
This is an excellent summary of the scam that we see around us in  Malaysia  and possibly some other countries. Just stay away from all these super good deals. If you have your fingers in one of them just cut loss and get out immediately. Do not think any further. And most important DONT EVER join any other money making schemes again. They are mostly scams!!!!!

When times are bad its the best time for  SCAMs.  People are by nature vulnerable because they want to make a quick buck.  However, there is no short cut to make money. 

This information is meant for you to know and warn your family members and loved ones before they become victims. "People get victimised by scams because they don't know about it and they don't know about it because those who knew about it did not share it"
  

Here are some hot scams in  Boleh   Land  : 


1) The Cafe Scams
 - Island Red Cafe & Stevens Corner(strange, both in Pandan Indah) - Island Red Cafe collects members RM6,000 each and promised 5% return every month and even give you a name in the ROC as a shareholder but what's the point when they run away ? Stevens Corner, the famous indian coffee shop follows due to drop of business since their renovation. They collect RM3,000 per member and promise return of RM150 monthly and plans to open nice fanchisee cafe called
  StevensTeaGarden. Someone mentioned they will make you sign an agreement that give them the rights NOT to pay you anything in future. If you really wish to join, ask for a copy of their agreement and consult your lawyer BEFORE paying them. Bet you will NOT get a copy. Both collect monies from new members with MLM recruitment schemes and pay the old members like Sunshine Empire. You never know when they will run away.

2) Sunshine Empire
 - This licensed and legal Company has an impressive office at the ground level of KUB building along Jalan Yap Kwan Seng, near Menara Public Bank and  AmBank   Building . They also have a showroom office at the ground level in the next building. 2 or 3 months ago,  Singapore 's Straits Times and The Paper published big news reminding their people to be careful and NOT to believe in them. Hope someone can put up the link or google for it.(As expected, they STOPPED paying back members now and all investors LOST their money). Someone below has put a link to the  Singapore  news. In fact there are more to it. Although  Singapore  is investigating them, they did not stop their business as the business is legal and so far, no Singaporean have failed to receive their commissions as promised. Thus, the government cannot stop them yet. 

The news published that the founder, director and group president is someone named James Phang but he is NOT the owner. Isn't this quite strange?  At the end of the game, James Phang can just disappear from the Company easily and claimed that he was just "employed". Such trick always happened in scam businesses. 
  
Now, the Company has STOPPED paying commissions and interests to members with the excuse that the  Singapore  government has freezed their bank account while under investigation. Do you think their boss will be so stupid to keep much monies in the bank to be freezed ? They are all transfered away. It's just an excuses not to pay back to members and members are only paid "e-bonus-points" which is cashless. If they wish to convert to cash, they have to recruit new members to pay them cash and the recruiter less out trom the amount. So victims act like Vampires and "forced" to victimise other victims if they wish to get their monies back. And  transform to vampires and the scam carries on.....

3) MOBILWALLET
 - This Company owned by 2 young men, Stanley & Rey Gan, office in  Queens   Avenue   Park  has collect multi-millions the last 2 years. Claimed that they tied up with Telekoms, Utility Board payment like Water & Electricity bills, even Maybank got fooled by them.

Advertisement Billboards everywhere. They STOPPED paying back their members few months ago and the members cannot do anything because they are made to sign an agreement unaware that they have to claims if the company stopped paying them by CHANGING terms and policies.

4) Water businesses
 - Oxygenated and alkaline water products - Some of these are bottled water and some are filters or equipment that claimed the trick.. One of the better known Company that sold "oxygen" water is SITO(supposed to stand for Selangor International Trading Organiszation and claimed Selangor State Government owned some share in it). The key person and founder is a Dato Robert Ong from Rawang but his name is no longer in the business now. Their products are sold for RM2 to RM3 for a 350ml bottle and now concentrating mostly in the Indian market. Their
Chinese and Malays market are long gone since a year or 2 ago. Their customers are made to believe that their water has more oxygen and able to give miraculous effects for the body. Water is H2O, how to put more O into it ? Anyone knows how much oxygen do we breathe into our body everyday at FOC ? Latest news is that this SITO Company is going to create new label to market under a new Company since the SITO name has already gone bad. Someone informed that this Company is owing alot of money(due to refunds) to ex-stockists but just refuse to pay them.  (Latest news, SITO shifted to another place and their MLM business has closed but planning to start again with a different name, beware !!)
 

Alkaline Products
 - Can anyone explain how it can work for the body ? The stomach's gastric liquid is so acidic that water of any pH that goes through it will not make any difference.

5) Car Fuel Booster
 - K-Link, the famous scam MLM Company that sold the footpatch TAKARA, later the "cock-ring" and energy-card launched the 
patrol-saving pills last year. Got so hot that even grocery shops are selling for them. Recently many of these cars that used the pills are rushing to the workshops to clean the residual. Few months ago, another MLM Company launched a fuel booster gadget, claimed that saves up to 20% fuel, that is attached to the cigarette lighter. Started off well using binary plan but businese begin to fade now and most users find it NOT effective.

6) Perfumery Products
(eg. Lampe Berger & Bel Air)(more details later). Lampe Berger is not so hot now in the neighbouring countries but there are still new victims every month in  Malaysia . Must thanks to those who have
contributed and kept the thread alive here in Kopitiam. Bel-Air have closed in  Malaysia . LB is almost zero in  Singapore . This perfumery product from  France  with over 100 years history is just bottles and fragrance(check the factory's website) but the Company marketing them in  Asia  claimed "aromatheraphy" products. Hong Kong TVB aired a program that exposed their scam but their members claimed that HK's TVB already apologised to them. Note that the biggest strenght in a MLM Scam is their members will go all way out to lie in order to defend for their Company. The reason is simple; these members fear that they will not be able to make their money back if the Company collapsed. Knowing that the Lampe Berger products are moving slow, they add a line of skincare products named Estebel, also claime to have over 100 years history in France.(Hardly anymore Chinese newcomers, they are now tapping the Malays in Malaysia)

7) Energy Products
(eg. stone pendants, bracelets, mattress and pillows).
They use all sorts of gimmicks and demonstration to make you into believing them. They will do some tricks and demo to prove that these products really produce energy BUT is there any tricks in their demo ? So what if therereally produce energy; is it good or strong enough to help the body ? The effect is actually PLACEBO which I will elaborate in a new thread soon.(more details later)
 

8) Hi-Tech products
(names like bio-tech, nano-tech that claimed millions of dollars of research involved, eg Bio-Young and XKL few years ago). Most of these will claimed a professor behind them(even with name and picture of
a person) or used words like " U.S.A.  formula", "German Technology" or "Nanotechnology" and no further details(more details later). If you ask for more details like the professor or factory's address, the answer will be
"trade secrets".

9) Investment Schemes
 - SWISSCASH is the King of all. Swisscash is nearly over now but there are many similar and smaller ones that are still on.(Now,it's closed or stopped paying back members)

10) GoldQuest
 - This Company that claimed to be HK-based started with
some non-value gold-plated coins that are sold for over RM2,000 have several names and changed products several times. QuestVacation, QuestNet, etc. They have several offices in Amcorp Mall, PJ and their key person(in fact, the owner), a Malaysian Indian was arrested last year in Indonesia for having involved in a very big Phillipines scam. Most of their overseas offices are closed or inactive but their  Malaysia  business is still hot, with some "energy" products.(Can someone please provide a link which showed the news that their boss was involved in a big
scam in  Philippines  and was arrested in last year ?)

11) Numerology & Fortune telling
 - A Company named Visible is using MLM to sell fortune telling classes using your birthday based on Numerology fortune telling. Prpspects will be told that they need to buy a certain "number" between 1 to 9 in the form of pendants or bracelets made of stainless steel and sold from RM600 to RM20,000. Customers, or rather victims are mostly females from rural areas. Very hot in  Penang  now and a number of spin-off Companies have started.
 

12) MJ-Life - This Company boost of a very big background with many many years of history which is NOT true. Their people or associates may be long in business but nothing to do with their MLM launched recently. Why do I consider it a scam or bad ? New members are told to pay a sum of money(up to RM1000) and you get NOTHING for it. You only get a membership can entitle you to enjoy all sorts of special price and discounts when you have medical check-ups in their centres.. They will claim all those check-ups cost more if done elsewhere. It's not true. Only the naive and those new to medical check-ups will fall victims to them.  Most members who paid the money ended up with nothing.

13) Seaweed Venture Scams
 - 1 such Company is located in Taman Maluri, Cheras. They will ask you to invest a few thousands ringgits for their venture of growing seaweeds in  East Malaysia  and you are guaranteed returns. To gain your confidence further, they will tell you your investment money is secured by "insurance" or "unit trusts" & "trustees". When you ask for further documents to prove, they will give all sorts of excuses or just ignore you because they know they cannot get you. These Seaweed scam is one of the hottest now, warn all your friends about it before they are victimised.
 

14) MXM(previously MGM) - This is a master scam among the younger group, very successful 2 or 3 years ago but since there moved to their big 10-storey office at Phileo Damansara and changed name to MXM, their business dropped. They collect members RM3,000 to RM4,000 with credit card monthly easy payment and in return you get a hospital benefits insurance from Pacific Insurance worth only a few hundred RMs together with some you-don't-need medical check-ups from their associate Company Pathlab. Also talk about fitness, lifestyles bullshit that is all worthless.  

15) Gano Excel  - This company from the north, a copycat of DXN selling Lingzhi capsules created a new Company called Gano iTouch to cash-in on the internet like e-Cosway after their Company went down the drain since the last 2 years, selling Linzhi and some no-value energy pendants and alkaline water gadgets. They provide free transport every weekend from KL to visit their Alor Star office. 

16) NuLife(HK) - This Company started by some HK people has been in Malaysia for more than 10 years but they have flopped in HK and Malaysia due to bad management and a product scam making use of a prosecuted American named Dr Jeffrey Bland, found guilty of false products claim. Since this case in the  US  leaked out and many Malaysians found out that the real boss in HK is a Steven Tang(he cheated many Malaysians in another scheme about 20 years ago) their business went down all the way. Now they claim Malaysian partners cheated them and start a new Company in  Malaysia . Watch out, this new Company will come out with some investment scheme idea that will get many to lose their money. 

17) Arowana Fish Breeding, Oora from  Germany , Biofuel(Kompleks Maluri) etc - These are some newer scams. Arowana fish venture ask you to invest some money and give you fixed return. Biofuel will tell you their Indonesia connections( just like Sunshine Empire before using Taiwan) & Oora from Germany(I never trust those cruel Germans) that market some bio-chips and a gadget that claims to give energy and therapeutic effects of accupunture, tai-chi, yoga, etc depending how you set the toy-like gadget, wear it on your body and you get the effect later. They could not explain or provide any demonstration to prove their effectiveness. Only doctors and papers claim that I will never trust. The health effect is actually PLACEBO, which I will elaborate in a different thread.
                   
Comment posted at 16 Jun 2009 4:43 pm#1
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-- Post removed --
Comment posted at 20 May 2010 10:54 pm#2
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dude, u r right
Comment posted at 22 May 2010 1:02 pm#3
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Rule #1 : don't be greedy and you won't get con !

 

even if they look legitimate -registering a company and do business do not mean that the business they do are legitimate.

if they offer you 8% return and when banks are only offering 2.5% ! hmmm . . . use your coconut and think.

 

Rule #2 : There is no easy way to make money. Only hardwork and patience.

 

Rule #3 : anything that sounds too good to be true is usually a con

listen to your inner voice.

 

Thank you Dennis for sharing and opening the eyes of all Infoyana's members.

Comment posted at 24 May 2010 10:05 am#4
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most of  this MLM is conning ppl..


Comment posted at 8 Nov 2010 6:51 pm#5
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thx for sharing tis scam
Comment posted at 19 Nov 2010 1:37 pm#6
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All the scams are to attract greedy people

there's no free lunch~

Comment posted at 23 Nov 2010 2:23 pm#7
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THanks a lot for this information... will be more careful.. =D Thumbs up....Cool
Comment posted at 23 Nov 2010 8:18 pm#8
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so many spam nowadays
Comment posted at 23 Nov 2010 8:18 pm#9
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don believe them..

i receive many email also

Comment posted at 25 Nov 2010 5:32 pm#10
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just be careful and be wise for what you are planning to invest in. check every details if you could....
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