The Latest Internet Scam List

louiss · #1 (**permalink**) 21-04-2007, 02:36 PM

YOU WANT FAST MONEY? PLEASE DONT JOIN HYIP!!!!! This is a game of money, who come late, die faster. Then i suggest dont enter! I have the list here. Also may visit my blog to read it, HERE.

Al-Arabic Fund (OpenDNS)
ABB Fund (OpenDNS)
Asia Wallet/ASWtrader/Splitindex Inc (splitindex.com)
AM Global Management (www.nypoe.com)

BHG e-investment (www.bhg-corp.com)
Bidvask Investment Ltd (www.bidvask.com)
Buy-e-barrel (cPanel®)
Brentwood Trust Company (brentwoodtrust.com)
Belton Market (OpenDNS)

Cambridge Capital Trading
(OpenDNS, OpenDNS)

Data Saham (Selamat Datang Ke Data Saham Dot Com (DSDC))
Dana Futures (:: Welcome to Geraha Dana Futures ::)
Dana Modal (www.angelfire.com/journal2/danamodal)

E-suisse Fund (www.esuissefund.com)
Euro America Index (www.eaindex.com)
E-Barrel (search the web)

Gold Quest/ Quest International (GoldQuest.com)
Goldmill Wagner Ltd / GA Worldwide (www.goldmillwagner.com)
Global Investment Network System (http://ginsystem.com)

Mercury Acquisition Associates (OpenDNS)
Montego Finance & Securities Berhad (Montego Finance & Securities)
My Dinar (www.mydinar.net)
Mind-X Solutions Sdn Bhd (OpenDNS)
My Share (Bursa Malaysia (KLSE) Free Hot Share Stock Tips | Resources-Home)

Oregon Invest (www.oregoninvest.com)

Pure Investor / PIPS (www.pureinvestor.com, Wealth Enhancement Through Online Private Investments! No selling! No recruiting! Totally passive income! Buy & Sell e-Gold For Malaysia and World wide.)
Prowealth Solutions (ProWealthSolutions::WELCOME!)

Quest International (GoldQuest.com)
Quest (OpenDNS)

Remisier (Remisier.com)

Sunshine Empire (Sunshine Empire International)
Swiss Mutual Fund (swisscash.com, cPanel®) *(Press Release)
Sweden Fund (www.swedenfund.com)
Solid Group (www.solidworldwide.org)
Solid Investment (OpenDNS)
Smartcash (www.smartcash.com)
Sime Securities (Simesecurities.net - The Best finance Resources and Information. This website is for sale!)
Starr-Bradley Associates Inc (OpenDNS)

Tian Ping (Untitled)

UeBond (UE BOND INVESTMENT SYSTEM)
United Capital Management Inc (brentwoodtrust.com)

Whitman Pearce & Partners (www.whitmanpearce.com)

3A Consulting Group Sdn Bhd 32505

You may drop comment in my blog too, blogging secret.

UPDATED:

Swisscash.net is also another scam, the registrar is from seri kembangan,selangor, malaysia
Pick from utusan: 16th April 2006 Dalam Negeri, Page 7

genzy · #2 (**permalink**) 21-04-2007, 03:34 PM

Today newspapers report about E-Barrel that shutdown the website and run away with millions. Many people get cheated. So bad.

mysticmind · #3 (**permalink**) 21-04-2007, 03:59 PM

most of them already closed down the site..
so where's the hell f###er those said they are true oversea company?
im laughing for all of them those tak mahu dengar nasihat orang.. hahahahaha

calvynlee · #4 (**permalink**) 21-04-2007, 04:01 PM

luckly i didn join.
previously when my friend intro me, he told me is US company, but i check the whois, it is register from s'pore.

common sense also know how can s'pore generate so high return.

louiss · #5 (**permalink**) 21-04-2007, 08:33 PM

So many scam....all my friend, take care....

genzy · #6 (**permalink**) 21-04-2007, 08:42 PM

Millions lost in e-invest scam

Nation Saturday April 21, 2007
Millions lost in e-invest scam

Quote:

PENANG: Thousands of people nationwide are believed to have lost several million ringgit in an Internet “investment” scheme known as buy-e-barrel which has closed down abruptly.

Investors have been unable to log onto their online accounts over the past two weeks.

An investor, who declined to be named, said he managed to “escape” before the US-based pyramid scheme collapsed.

“I made a few thousand ringgit from the scheme which offered daily interest of between 2% and 3% for an investment of between US$100 (RM345) and US$2,000 (RM6,900),” he said.

He believed that many of those who lost their money were government servants, adding that they took part in the scheme at the tailend.

George Town OCPD Asst Comm Azam Abd Hamid said the police were aware of such a scheme but had yet to receive any report from those who lost money.

He advised victims to lodge police reports if they had been cheated so that they could investigate the case as cheating.

The Securities Commission has issued an alert on more than 50 websites which

promised quick returns with minimum investments and urged the public not to invest in them.

“These websites are not authorised or approved under the country's securities laws to deal in securities or whatever investments,” ACP Azam said.

A check by The Star found that buy-e-barrel was among the websites mentioned in the SC list at: www.sc.com.my/eng/html/licensing/ investors/Alert_list.html.

The SC recently froze two bank accounts with RM1.6mil and closed two websites

said to be connected to a global Internet investment scam run by Cambridge Capital Trading.

Last week, the National Fatwa Council passed a fatwa forbidding Muslims from investing in shares on the Internet.

genzy · #7 (**permalink**) 21-04-2007, 08:44 PM

Student falls victim to Net scam

Nation Saturday April 21, 2007
Student falls victim to Net scam

Quote:

PENANG: A student lost all her college fees totalling RM148,000 to a syndicate which told her that she had won RM3.3mil in two Internet lucky draws.

The 20-year-old student first received a call on March 20 from a woman telling her that she had won RM120,000 in a Hong Kong Turf Club online draw.

But in order to collect her winnings, she was told to deposit RM46,000 as insurance and processing fees.

She then transferred the amount into an overseas bank account on March 30.

George Town OCPD Asst Comm Azam Abd Hamid said that later the same day, she received another call from a man informing her that she had won an extra RM3.2mil in a bonus draw.

“She managed to raise a further RM102,000. The money was then deposited into the same account on Wednesday.

“After not hearing anything from the callers, she realised she had been cheated and made a police report the next day,” he said yesterday.

ACP Azam said a check showed that the phone number used to call the victim was registered in China, adding that the case had been classified as cheating.

“This was not the first time that such a thing had occurred. We have issued several warnings through the media but such cases continue to occur.

“The syndicate could also be behind several cases reported in the state over the past several months,” he said.

genzy · #8 (**permalink**) 21-04-2007, 08:45 PM

There’s no short cut to wealth

Nation Saturday April 21, 2007
There’s no short cut to wealth
By ROSLINA MOHAMAD

Quote:

KUANTAN: There is no short cut to wealth, not even via the Internet, advised Deputy Prime Minister Datuk Seri Najib Tun Razak yesterday.

He urged the public not to put their earnings and savings in cyber get-rich-quick schemes which he likened to similar scams popular some 20 years ago.

“There are severe and dangerous effects to the schemes offered through the Internet. Your entire life savings can go up in smoke and when this happens, your retirement days will not look that rosy,” he told reporters after officially launching the Malaysian Unit Trust Week (MSAM) organised by Permodalan Nasional Berhad (PNB) at Padang MPK 2 here.

Najib said the Internet investment schemes were similar to previous get-rich-quick scams that were so popular during the 1980s such as Pak Man Telo.

On whether there were any legal means that could be exercised so action could be taken on the operators who used the Internet as the medium, Najib said the Government would have to look into the matter .

Crystal marvels: Najib with (from left ) Pahang Mentri Besar Datuk Seri Adnan Yaakob, PNB CEO Tan Sri Hamad Kama Piah and Ahmad Sarji at an exhibition showcasing crystal replicas of buildings in the country in Kuantan yesterday.
Earlier in his speech, Najib said he still received reports of people being duped by the schemes.

“Do not think that everything in the Internet is good,” he added.

On MSAM, Najib said he believed it was an important medium to create public awareness and education on investment for it would promote wise spending, encourage people to save and invest in schemes such as those offered by PNB.

The unit trusts gave good returns and were safe, two important criteria when making an investment, he added.

MSAM is held from April 20 to April 29. It aims to promote investment education to the society.

Prime Minister Datuk Seri Abdullah Ahmad Badawi will close the event on April 29.

The MSAM features 184 exhibition booths representing 54 firms and institutions includ-ing PNB subsidiaries such as ICI Paints (M) Sdn Bhd, Chemical Company of Malaysia Bhd, Golden Hope Plantations Bhd and Takaful Ikhlas Sdn Bhd.

FirezZ · #9 (**permalink**) 02-10-2007, 08:44 PM

true.. there is no short cut.. at first they will pay the first batch $$$ but the second and downline.. they will be conned.
haiz

yonghs · #10 (**permalink**) 02-10-2007, 10:03 PM

All 'pyramids' will reach a point where they can't be sustained anymore and collapse. The organisers will then laugh all the way to the bank.

So sad that there are still so many who are gullible.

iamfreelancer · #11 (**permalink**) 02-10-2007, 10:25 PM

and all of these existed so long due to the fact that they are powered by human greed, naive, lazyness and innocence...

FirezZ · #12 (**permalink**) 05-10-2007, 01:21 AM

true...
so don be greedy

no free lunch in the world

iamfreelancer · #13 (**permalink**) 05-10-2007, 09:07 AM

Quote:

Originally Posted by FirezZ

true...
so don be greedy

no free lunch in the world

its good to greed.... but greed smartly...

louiss · #14 (**permalink**) 05-10-2007, 09:38 PM

I think need to make everyone to beware in the internet! I think now still got a bunch out there!

WARNING · #15 (**permalink**) 21-10-2007, 01:47 PM

Warning From Securities Commission of Malaysia

Dear Sir,

We refer to your complaint regarding Sunshine Empire. We wish to inform you that Sunshine Empire is not an entity licensed by the Securities Commission ("SC" ) of Malaysia. Individuals or organisations engaged in the securities or futures industry in Malaysia come under the regulatory oversight of the SC and must be licensed by the SC for any activities involving dealing in securities or futures or providing investment advice or fund management services related to securities or future. Investment schemes offered to the Malaysian public involving securities or futures and options that are operated by unlicensed entities would be in breach of the law. The SC will take action if any person/s are found to be in breach of securities laws. For details on entities licensed by the SC you may wish to refer to our website at Securities Commission, Malaysia.

We have also verified the status of Sunshine Empire with the Ministry of Domestic Trade and Consumer Affairs, and have been informed that no license has been issued to Sunshine Empire to carry out multi-level marketing activities in Malaysia.

We would appreciate it, if you could provide us with more details of the nature of the investment opportunity offered to you including any documentation or information you may have received from the company to facilitate further review of the matter.

We look forward to you reply soonest. Thank you.

Yours sincerely,

Securities Commission

Investor Affairs & Complaints

-----------------------------------------

News from Oriental Daily News - Translate Version

(Kuala Lumpur, on the 13th) - Securities Commission (SC) and the National Bank (BNM) while repeatedly reminded the public not to be approved investment in the absence of the high investment returns, but such investment company continues active. At present, under the "need vigilance," the number of companies it had reached 68.

According to the Securities Commission to provide oversight to the latest data suggests that there is no access to the Commission and the National Bank approval to the sale of securities or to provide investment advice and fund management companies or among several website, as many as 68, and Sunshine Empire is the latest of which was included in the name.

Several readers also provide information to this newspaper that a company called Sunshine Empire to provide substantial returns dollar investment plan. The sale of the company bought three kinds of ancillary sell fiery, dramatic increase in the number of members, are among investors mostly ethnic Chinese.

Securities Commission accept the "Oriental Daily News" inquiry, pointed out that the Sunshine Empire no operating license fund management or investment advisory services. By promoting public investment companies before identifying the background. Securities Commission spokesman said that in the absence of licenses available to the public under the securities or futures investment company, is in conflict with the Securities Act at all.

This pyramid schemes claiming to be the transnational companies in Malaysia to set up nearly one year to members of pyramid investment to the supremacy of charge from 600 million ringgit of ringgit funds, and then regular monthly cash distribution to the members and agreed to 10 months "to the" can be described as lucrative.

The National Banking and Securities Commission unanimously denied a license to the company by pyramid schemes, pyramid schemes and said that the company is monitoring the activities and mode of operation; The Domestic Trade and Consumer Affairs Ministry said, the company only to companies registered with no direct access to operating licenses MLM business.

On the other hand, as a central bank Monetary Authority of Singapore (MAS), also means the company has not received license approval. The Monetary Authority of Singapore has been on the website, to the company as investors need to be wary of companies. Malaysian National Bank spokesman clarified that the country will not permit this to the company, allowing the company to collect deposits Member (deposit taking), the trip has been an investigation on the matter, currently overseeing the company's operations and activities. "Member companies taking deposits, the country should apply for a license, but they did not do so."

He said that to investors or members of illegal taking deposits, consistent with 1989 banks and financial institutions Act 25 (1) the provision. As countries, the process is still collecting information at this stage-country trip only issued warnings, urged investors to stay away from these investment company. Under existing law, once convicted, is liable to imprisonment of up to 10 years or a fine of 10 million ringgit, or both.

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