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Previously, we looked at Most Commonly Used Tricks by Investment & MLM Scamswhich contributed by stopscams007 from Low Yat Forum. He also make a good compilation on the hottest scams in Malaysia. I hope with the list we are more aware of potential scams and lesser people will fall to be victims.
Here are the lists.
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 their victims will later 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 are just bottles and fragrances(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(no evidence, of course). Note that the biggest strenght in a MLM Scam is their members will go all the way 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). Mostly only Bumis active members now but their top earner Steven Yeam have already left and started a new MLM Company(see NEW SCAMS below).
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 there really produce energy; is it good or strong enough to help the body ? Are those simple products made of some simple materials worth RM300 to up to RM3000 each ? 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” but with no further details. 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 last year ?)
11.) Numerology & Fortune telling – A Company named Visiber 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 silver with stainless steel or platinum plated, 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 owned by a Dato Kam(Pathlab) tapping the younger group, very successful 2 or 3 years ago but since they 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/I-Touch Life/GEW2u – 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. It did not work well and recently in mid-2009 changed name to GEW.
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.
18.) Easy-Pharmax – How could I missed this out earlier. I thought I mentioned this until I got e-mails asking me about it. This is easily in the TOP 3 during the last 2 years. Owned by a Dato Yeap(another Dato !!) Members are tricked to invest up to RM40,000 with the false promise that the Company will use e-commerce and online selling to dispose their goods and recover their monies. It won’t happen, of course.
19.) Gold Investment Scheme – This is an old trick but back again by several Companies promising a GURANTEE FIXED RETURN income like many other schemes. Try to ask for a copy of their fixed return agreement and consult your lawyer. Common sense tell you any business that promises a fixed return to UNLIMITED numbers of investors, higher than bank interests must be a scam.
20.) Score-A or Skor-A – This Company sells you an online program of past Malaysian examinations papers for primary and secondary school students for self-testing for up to a few hundred RMs per membership. It actually cost them nothing. Members are told to invest in a few units, again using MLM with the promise of getting rich. The same program can be purchased from Utusan for just a fraction of their price and you can get better programs.
NEW SCAMS
21.) GRI (Global Royal International) – The boss behind this scheme is multi-billionaire James Pang(the big scammer waiting for trial in Singapore because of Sunshine Empire). Before Sunshine Empire, he operated NOP and SwissCash. This time, he is using a lot of representatives and MLM leaders since his passport is held by Singapore government and he cannot come to Malaysia. I am told that anyone who is bold enough to call himself a MLM leader in Malaysia can visit his rep in Malaysia or Singapre and they will be given at least RM5,000 as some expenses subdsidy if you are willing to market for them.
22.) One Community Worldwide – Tapping a mostly Bumi market and owned by Steven Yeam(SYN) and Willie Lim of Lampe Berger previously(the Chinese no longer trust them). They are selling a negative ion mattress for RM25,000 !! The same modal, I have seen before for RM2000 from Korea. If you cannot afford RM25K ??? You can buy therapy package for RM300. Don’t believe in such product ? You can go for some chlorostrum(virgin cow’s milk from nowhere)
23.) English-Learning Program Online – ESL(an online English learning program) You are asked to pay RM100 for one or 2 years usage of online learning. Started by a Malaysian Indian man by the name of Dr. Edward, this program has changed names at least 2 or 3 times since the last one year due to poor response and a lot of “technical problems”. I consider it a scam because you are paying money for nothing tangible to direct-selling company through MLM and their program has been very “unstable” as my source put it.
24.) Genius Theme’s vacation and rewards package. Such timeshare holidays scheme are being sold for RM400 to RM499 and you are promised a few nights stay in Thailand or Bali. Started by a Company name Max Generation, they wholesale to some MLM Company and other Company like Sen Heng, one of them is Genius Theme, a subsidy of a Maxis agent Company. Looks like many people will lose money. If this Company runs away, those hotels and the MLM Companies need NOT be responsible. Genius Theme is using MLM and direct sale to sell for RM499 or RM599(include a flying experience) while Sen Heng is giving it away free if you purchase over RM2000 products. Of course, they are othere hidden costs to be paid, it’s NOT really free unless you pay MORE upfront.
25.) Another one is an “online gaming” program using MLM, started by Steve Tan, founder of Xango in Malaysia, also aimed at youngsters.
Here is the original post in the LowYat Forum.
Disclaimer : The list was provided by stopscams007, a member of LowYat Forum. The author of this blog does not in any way endorse the companies in this list as scams. This article is for educating Malaysian public to be more careful before investing their money in any similar scheme. If you are the owner of any these company and your business are legit, kindly contact me to remove your company name from the list.
{ 107 comments… read them below or add one }
good one..
ni lagi detailed daripada yg aku posted kat blog aku
http://tuanbri.com/blog/2010/02/island-red-cafe-scam/
takut gak kalau tengah gila nak invest, tiba-tiba terkenna jugak..
aduuh..bila kena batang hidung sendiri…
Woo… So many of them. Luckily, I fell into Easy-Pharmax trap only. They said you can earn here and there. But no black and white written. So end up with empty promise.
I’am a victim of one of this water scam “AIR-KU” crap. I lost a big chunk of my savings to the tune of 30 over thousand ringgit. I can’t imagine those people who are poorer or had invested more, I’am sure they would really suffer. Personally,I’am still ok and just took it as a very big lesson not to trust any of this crap business ( I blame the ministry of trade and who ever crap hole departments / government organisations that are suppose to monitor this ).
To these people I say, please do your work otherwise get out and go home and don’t leech on our taxpayers money. To these scammers I say, don’t be too happy with what you have cheated because what goes around will eventually come around. If you don’t knwow what that means, it means you will get what is coming to you soon!!!!!!!
To innocent people who think they can make a quick buck, you can’t easy as that. You should only invest in yourself ie business that is under your control and not others who promise you the world but gives you shit.
I thought I smart, But also kena from ISLAND RED CAFE. I join the member RM 300, when I want to use it, it close down and say can not accept.
GONE my RM 300, jialat and kaulat.
RM300 consider very lucky already brother
Easy Pharmax just opened at Puchong Bandar Puteri, take up few shops. If scam, how can survive until now?
There’s a ads in the astro for Easy Pharmax too.. but frankly some of frens do lost some money in easy pharmax while fews make around 100k and left..its alway the earliest ppl make the money ans the follower died!
there is always people willing to try and cry…..young lady?
Even thought there’s a scams in the city, nothing much gov can do about it, my fren in MLM is earning 300k plus every month by just doing the malay business and all driving luxury cars, some even own 8 cars at home at age 26 only..really cant beleive it until i saw it myself…
beware of i bio corporation sdn bhd. another scam running loose.
if got ” kang Tao” do u think people will invite you to join and share the fruits?
list down Universal Assets, wine investment company. Directors cabut with all investors monies.
thank you for this information. i will share this information with my fellow friends and students.
most of the latest MLM / scam are directed at students and their PTPTN (edcation loan)…
tqvm
what about zhulian, amway, and e-mall?
Watch up dyuemall.com
this is the big next SCAM.
An online business should not get money from ppl.
The retailer should be more happy if someone promote product for them. Why you should pay the upfront money? the efrancies fee? all bullshit..if you look at the cj.com. Then you will know how the exactly online business is running.
please stay away from dyuemall….
every business need to pay upfront money to start up, for traditional business, even eCommerce. can you get McD business without up front fees? if you set up your own website, no need capital? no need buy stock? no free lunch bro.
hey, people in this site, am i right? open for discussion.
Jason Hoo,
Please dun use McD for comparison if you are not clear with their work structure. Thanks.
Chu Gek,
All the leaders from Dyuemall make a fairy tale promise at first, but as you wake up from the dream and request for the money back. Then they start to give many beautiful reasons… when you insist want to get it back, then they will shout at you, JASON HOO is one of the person! DON’T TRUST HIM!!!
As I know, Jason Woo is one of the top leader in Dyuemall….
Yup, Jason Hoo was previous leader in Dyuemall and Livemall but now not! Good!!! What comes around, goes around!
Now they gonna change the name from Dyuemall.com to Livmall.com
Here is the Facebook Group that got some info about the news: http://www.facebook.com/profile.php?id=100001207434049&v=wall
Yup… Im a victim of Dyuemall as well. Jason Hoo is one of the people that introduced to me.. Fuck them.. Their office in 32 square PJ already being closed down and Livmall is another new Scam from the same group of people.. Even their previous Director PAtrick Tan washed hand and said that business is ntg to do with him… He claimed he is the niece of Tan Sri Vincent Tan…. A group of liars…
“Single/divorced men from the UK” targeting single/divorced women from Asia (especially Malaysia because it’s a known fact that Malaysians are willing to part from their hard-earned money in the name of love, making a quick buck, and the like). They say they’re well established financially. They’re in love with you (regardless of your ethnic background or religion, as long as you have a consistent income and can give them money). They say they’ll come to Malaysia to marry you. When the day comes, you get a call from a local Malay woman who says she’s a Customs officer who has the guy detained for carrying a ridiculous amount of British Pounds and will only release him and the money if you deposit a couple of grand (RM20000, 30000?) into an individually owned local bank account. The guy who says he’ll marry you demands that you help him. If you’re ignorant enough, you will deposit the money into the account and ‘rescue’ your non-existing Prince Charming. Ladies, BEWARE!
hahah…I can’t believe this is happening!!
Yes exactly..I had this experienced before with Uk guy. His bloody damn rascal eat people money. Claimed to be a Dr Greg Melson auditor in KPMG London. I wish God will cursed him and burn him in hell.
When things are too good to be true, it is probably a SCAM!!!
Same situation here with nyon.
if u selling thing online, either from facebook or from mudah,
u tent to receive mail from UK, asking u to send the item to a friend in West Africa..
dont ever do it, because once u do it,
the so called local customs call u and tell u that the person in africa had been caught and is in prison, and if you want to return the item u need to pay a certain amount of money..
always COD is the best
Why there are so many scam in the market simple because many people are still buying into the idea of making quick money. Recently I received an invitation in FB showing how I can make BIG cash money by simply inviting friends to join into the scheme. Of course..I will never want to associate myself into this so called “money making golden opportunity” with the risk of me losing all my dear friends at the end of the day
recently very famous with the Score A programme and im interested. i dunno how to believe whether issit a scam or not but my fren had really earned 500per week. those in their 20s still studying they are doing very well n bought slk, 350 and even buying a semi-d. its really unfair for ppl like them still a student n earn such an amount of money without any hard work. many ppl are joining this programme, they say can earn but need to find ppl only can make money. wat should i do?i wont think of it if im not desperate for money now, really facing financial problem. any opinion guys?
Score A program? Is it an education program that selling a software that helping the students to do their own revision and claim that the system has helped many students in achieving great result? Well, i have attending one of the seminar and was considering getting one for my kids. I didn’t do it at the end, because I dun like the system and i think it is over-priced. The membership structure is not to my liking too.
BTW, before you decided to go into the biz, you might want to check up http://scoreascam.blogspot.com/2010/03/malaysia-ministry-of-trade-act.html
thanks Jean Chai for info n reply. Yeap! the webucation seems convincing but im not into that. im into their business. few of my frens who joined it said need to work hard to find ppl to join then only can earn money trought the programme. i knew abt the scoreascam’s blog but even its a scam or not, ppl are still earning money. if its really getting ppls money n give no return then i surely wont get to know more abt it but seems some ppl really earned alot. btw do u have any other opinion where to get extra income. i tot of invest on stock but first time n kinda risky! thanks
KT,
I involved in both Unit trust biz as well as MLM biz. My advise to you would be, NO POINT earning money while losing your friends. If you are getting your warm market (for watever MLM biz you get yourself involved, normally is your warm market that you are depending on to start your biz) to get involve in a biz that is of no valid foundation or scam related, you are basically on the way of losing all these dear friends of yours, which to me, is not worth it.
Making money via investing in share, needs money in the first place. If you are in financial problem, as you claimed you are, I dun see how you can take this path.
I were you, I will first focus on how to make extra money, in a legitimate way of course
If you dun have good capital reserve, MLM might be a way for you to start. Look for a good company that come with good history background and good product. Work hard? of course. There really is no free lunch in this world. If anyone would to offer you a quick money making scheme, never buy into it. There is NO SUCH THING!
Jean Chai,
Thanks again for replying me, appreciated. which unit trust are u in?public bank? all business tend to have risks so bcuz of this score A, they dont ask to renew or anything. after the first payment then can get started to earn. they claimed that they are not quick money making scheme but from wat i heard isnt true. they generate money very fast. and actually i dont get the point of them doing this cause is like asking ppl to join n u get the money n on n on. the webucation isnt important to this business at all. im still thinking wat should i do now. hope there is a better way.
thanks
i think the point here is People Management. Anyone who are not good in people management will loose friends, even if he/she is not in MLM or unit trust. i think this should be what you guys should look at. Thanks
back to basis, nothing is free..of course people who start 1st they earn lots but people join later will suffer…….if so good do u think that the owner will share his meal with you????
Anybody can comment about Readers Digest? I do like to read the magazine, but not the bombastic way of luring customers to buy their other products via too good to be true competition.
I want to know about hyprobulk SMS, the earn money with sms thingy. are those scams as well?
Sorry, I have no idea about the program. Why not telling us how the program works.
There is an obvious scam going on in Malaysia. The scratch and win. Any1 who know please help explain further…
My husband became a victim of scratch n win. 2 young boys approached him outside – ATM of a bank in puchong. They told all the sad stories n said if he just listen n not buy at least thy will earn rm 3 / person . Since he had extra time he followed them to their office nearby n after 30 minutes wanted to leave. They locked the doors n threatened him that they r going to bash him if he does not buy the products n took hs credit card n forced him to sign. He was under duress but at least his mind worked n he put a false signature. They took his card n swiped another 2 x n forged the fake signature. It was a total of rm 8600. They warned him not to make a report. Anyway, he didn’t know about the 2 n 3 rd swipe. When he got Back he called the bank n found out about that. Next day he made a police report as they wanted to bash him n after too much of hassle got the money back. It was a little unfair as he was told that he will get the money back immediately if he withdrew the report or not have to go thru hassle of court case. We decided to take the rm8600 n not go thru court case n of course made a complain with the bank for clearing the rm without checking 1st. Don’t even pity anyone. Just walk away when you r approached.
Has anyone heard of Samudra GV? It is another gold investment scheme with a fixed income of 2% per month for the sum you invest. The big difference is that they give you gold bullion when you make your investment so even if the returns do not come, you have the gold, which is reportedly given to you at the market price. Some people I know have invested for up to five months and have been receiving their returns and have the gold as well. Seems strange but now sure how it works.
Samudra has a unique gold wealth sharing platform. I have got my returns for more than a year now. Moreover I have the physical gold with me which I have verified via legal source. Well I got nothing to lose because the gold is with me any my risk in this portfolio is about 15% and in which I have covered over this 1 year. Its a good way to make money work for you.
Sesiapa yang tahu mengenai satu program MLM baru “tvi express” ?
Agak2 SCAM atau tak ?
Anybody heard about Koniki Nature (M) Sdn Bhd, where they are selling Mattress, then socks, underwear, toothpaste, body shampoo, oilment for skin…..Their trick is get you to buy some expensive products(i.e Mattress) with a discounted price if you buy within the offer period, then it will come with free gift worth xxx. Please advise
yes, my parents are crazy with them now. What can we do to stop them?
Alert,
I don’t say the program that you join is scam but most of the scam program, person who join earlier always gain. Who join later will be at lost.
There are even a lot more scams on the internet. Malaysians should be very careful as there a lot “online banking email scams” circulating around.
Don’t click on those emails. They are out to get your online banking account’s username and password.
Remember, banks will NEVER ask for your username and password.
the energy product is the biggest scam….but still people still believe buying bracelet and some energy card you will be healthy and richer…..camonlah….
hey2..wat do u guys tink bout one community worldwide?anyone can xplain…
i was cheated rm1500 by one community last year.
They didn’t call themselves as MLM bcoz they use MBS(Micro Macro BIsnes System) which combine 5 ways of doing bzness(retail,franchising,e-sale,wholesale n NETWORK MARKETING). The main HQ at The Weld,Bukit Bintang n hv about 2o treatment centres around Msia. This is under Steven YEam group,whch he has loyal followers n leaders that have experince in MLM(lamberger,SYN) for more thn 5yrs. The Malay leaders are very excellent student from UPM. I didn’t join this 1comm not for money or greedy.
but the main reasons I join them bcoz I fall in love with the comunity. even the students younger thn me look very matured n hv charisma(most of them students from good reputation Universities,UPM,UITM,UM,UKM).
they use strategy’close the Person,not the money’.
I’ve been in this group about 8mnths. n I admit they really change me to bcome good person n be an hardworking. dun be a lazy Malayu.
At 1st I hv to invest RM 3000(of coz thy ask us hv to borrow from frienz) n get the products like e-aroma,e-drop,e-wash,e-nutra, easy-out,. But then u hv to upgrade to certain level n to buy RM28000 therapy machine(ELIFE). Of coz I didn’t hv tht much money n also my parents.most of them hv to borrow from relatives. they will celebrate u when u upgrade n give mentally torture to who didn’t upgrade(like said that we’re selfish bcoz didn’t all out to give good health to parents).
At the same time we have to do prospecting.bring the prospect to treatment,go to feedback session,go to mosque to pray n lastly go to mamak stall for Closing session, for EVERYDAY. Yes this not other typical MLM bcoz the leader didnt leave u instead give pressure to the partners to make money. that is why 1 of the reason I QUIT .stuck people(who did’t manage to upgrade) always be isolated n get mental torture.
At certain point I take positive things tht I’ve learnt from them,but more or less they still MLM tht need u to find people. I want to hv my own bizness wif my own products n shop.
Hi all….am new to this website but am glad I surfed in. Indeed there are many scams out there….being in MLM for 9 years now and I have seen a lot! Many as reported in this website. It is certainly sad to see some good friends being sucked into all these scams due to greed….and in the end, lose trust in the business of the 21st century, as said in Robert Kiyosaki’s new book. Before getting involved in any MLM, I think one need to ask the following:
1. Is the company registered with DSAM?
2. What is the start up capital required? A genuine MLM business should not require more than RM150.
3. Are the products certified by reputable parties? Are the reports made available if required?
4. Are there a variety of products, suitable for all levels of the society?
5. What about training and support provided by the company?
6. Is there a 100% satisfaction guarantee or your money back?
7. Is the compensation plan fair, duplicatable, inheritable and most importantly, PROVEN?
8. How long has the company been around? Statistics show that 95% companies (not only MLM companies) fold after 5 years.
Hope this helps you guys to make a wise choice….MLM has helped free my family and I from the rat race….it is a great choice for those who want to start their own business without investing high capital.
Dyuemall is a SCAM? Can someone help me to confirm with this?
Yes it is.. Jason Hoo is one of the member of the dyuemall
GUYS… DONT FOR THIS HOT SCAM DATS CURRENTLY RUNNING IN THE MARKET: STEADY DYNASTY / STEADY GLOBAL NETWORK / MCREN OCEANUS
Links:
http://www.mlmscam.net/site/steady-global-network-sgn
http://antisteadyglobalnetwork.blogspot.com/
https://www.facebook.com/topic.php?uid=116931374990029&topic=176
wow.. i dint know some of those companies are scam.
lucky im involve in a genuine company… phew…
Does swiftlet ranching for edible bird nest, golden palm Grower scheme, country height grower scheme a scam? they register under SSM and trustee pointed to AM bank, Pb trustee.
Link:
http://www.swiftletecopark.com.my/default.asp
http://goldenpalm.com.my/home.html
http://www.chgs.com.my/
dont forget Steady Ad Communications.. selling advertisement plan and promise fixed returns of RM900 per month.
They claim they work on behalf of Telekom Malaysia but look at the agreement the contract is between you and them only and Telekom Malaysia is not even in the picture which means they can run away whenever they want and the return is not guaranteed by Telekom Malaysia.
Hi would like to share some of my experience. i join many type of MLM business since i need those money for my family. i started when i was 18. and since that, i join about 3 MLM.emm.. its hard to say but. that MLM doen’t give me any profit. i loose more!. then i found a better way to identify which business of MLM that give you a better profit. 1st. they have their own building, second,they have a good leader that never leave their members ( you can see for yourself if your leader always calling u, and make a meeting once a month),.. that what my friend say la..
but for me, i like to gain more profit in selling product that is direct to people,means when you sell it,you have it with yours. gain more profit in property. that more worthed.. =) cheers..
hi there… love your blog…. gave me a whole new insight….. thanks for the info… i love to share this one with my readers if you dont mind….
Anyone knows about Lily Dream Mattress from Summit International Singapore, they are selling negative ion mattress that cost around RM12,00.00 Thanks.
nurin, go ahead
Jack, that is MLM scam instead of investment scam.
Would like to inform all regarding a Chinese company scam and they have some members base here in Malaysia.The company name is Guizhou Tong-Yu Yuan Technology Development Co.Ltd,who has a factory producing Polypropylene Fiber Nano Films for fish farming,aquatic,beekeeping,sugar,oil drilling,biotechnology etc industries.
They will call you to explain about their products and say they are looking for agent in Klang Valley and South as they already have a agent in North Malaysia and would like to appoint you,i asked them to send samples and details of their products and in a few weeks received a envelope containing a glossy company brochure,technical specifications sheet,price list and physical samples and official brochure listing me as their agent with my address and telephone numbers.
I took a look at the contents and left it aside not thinking much about it and after some weeks i received a call from a Hong Kong fish breeder in Mersing enquiring about this product,he was introduced to this product and was very interested in the product and wanted to know the price and was informed i was the agent here.He wanted to look at the samples i had and the following day came over from Mersing and met me early in the morning at 8.30 am ( suspicious how he got here from Mersing so fast ),he tested the samples and was happy with teh quality and wanted to place a trial order for 15 packs and needed it urgently in 10 days.I called up the parent company in China and they informed they could produce and have the goods arrive here in 20 days.Their terms of payment was 80% T/T in advance and 20% before shipment.As i smelled a scam,I told them i needed i needed the goods urgently and ask him to get some partial goods from his Northern agent first for me as he mention there was a shipment going out from their factory in a few days for their Northern agent and once i receive the goods i would pay them.
The say they will get back to me but after this conversation, everything became quiet from the parent company and the local fish breeder.If i had followed their instructions,i would have been RM 185,000 poorer.You have to admit that they are quite good,what with all the official brochures,samples and getting you interested with the potential of making some business/profit.My advice is always be on the lookout for little things that do not fit,i.e if a small piece does not fit the jigsaw,throw the whole jigsaw away.Take your time to analyse the whole thing and most important,don’t let greed cloud your judgement.
Wee Ming ,
Wow they are so good in deceiving knowing that you sense theirs is a scam and trying to reinforced with this Mersing guy. !Phew!! Luckily your 7th sense is good.
Tks for the jigsaw advice.
I got approached in the same way as described in 2010 when I was employed in a company. My colleague received a call, and later passed to me as I’m the only one able to speak mandarin in the office. For my case, they’re from Hu-nan (indeed, number is +86, native mainland mandarin), selling exactly the same products described above. Took company’s contact, address, later received the brochure and everything, I put aside, 2 weeks later, a local guy called and inquired about the products, said he was directed by the China PIC to seek for local agent in Malaysia…that’s me. I replied the local guy that I’m not their agent even though he persist (because I didn’t sign any proper agreement at all) I didn’t find fishy, but just too lazy to care about this. Never thought that would be a scam until I read this. Moral of all stories here = Business? Depend on your own skill. Get rich quick? Lottery might have better chance.
Wow! This POST is so popular. Look like many “kena” or friends “kena”… on the Share Market, the latest hottest SCAM should be HARVEST 9342.
One of the biggest scam omitted here :
Asset First Sdn Bhd (Global Bond S/B) – Property Investment Scheme
The link is here :-
http://www.majalah.com/?classified:dissatisfied-with-asset-first-sdn-bhd:5QHCNL4YJ4&PAGE=4
Based on the rought estimate loss easily more than few billion.
The company established by a group of punjabi lawyers :-
1) Paramjit Singh A/L Charan Singh
2) Sharanjit Singh A/L Charan Singh
3) Nalini A/P Samudram
4) Rajinder Kaur A/P Jaspal Singh
this company Asset First Sdn Bhd (Global Bond S/B) – Property Investment Scheme
has cheated lot of people. i have 2 friends who are have their money lost, even i have money lost. there is not update is anyone is received their money. anyone who has any feedback, if these cheats are caught please share..
cannot catch Paramjit cause Malaysia did not sign treaty with canada to allow us to arrest him.
But meanwhile do not do any biz with their lawyer Jagmohan, Bavani
hai. i think malaysia lot of scam, why it happened due lack of regulation n good gorvernace. Its not only in mlm scam but also happend in share market in ipo or in open market. They can announce make a loss , they can put son of a leader tidoy just to push the price n than announce to step down as as director. So why this all not investigate by sc coz they use a person that personal interest too. What all this. Malaysia boley n 1 malaysian kena tipu too. So be care full if u want to enter the share market. Just my opinion.
Better to invest money in something steady and reputable.
Click here for latest news on investments in Malaysia
Thanks for posting scams in Malaysia. You are saving lives,good job !!
Hi
This is the most interesting post I could read. Yes, the get-rich-quick mentality in so many ignorants and greedy Malaysians. They will never learn as it is just a human-nature?
I will like to write and re-post this one(to my blog) with some other comments written here,m exposing more and more of these unscrupulous schemes/scams.
Thanks
TEH
Good day, do you know anything about a scam: Estate left by Bismar Venter. Attourney Barrister Goh Kuan Beng. Person helping Ross Howard from BSN Bank. Not sure if this is a scam just want to make sure
Hi, do you guys happen to know about Virgin Gold Mining Corporation?
Avoid them. It is another scam.
Thank you. Perhaps you can check into a program call M-Rebate. Again seems to be giving lots of freebys for a small sum of money. In the same project there is also another program call I-Gift
Travel vouchers and discount vouchers worth tens of thousands for only $60.00
Did anyone here encountered a wine investment scam before? I’m currently being hounded by this company called Vineyards Direct, which claims to be wine brokers and that wine is a fool proof investment, citing around 20% capital appreciation per year on average.
Their cold calling method and persistence seems mighty dodgy.
hi.thnks for letting us know these mlm scams.u really help save many lives.
How abt this company: 4life malaysia?its office located at amcorp mall pj.they r selling capsules claiming have miraculous healing power.is this a scam too?
Healing Treasure Bali Resort http://thehealingtreasure.com/ is the latest Resort investment scam in the country! My friend “kena” more than RM100k by investing in their project at the end of 2009; end of 2011,after 2 years, when some investors went to Bali and check the location( where the boss : david wong , has done groundbreaking and claimed by him everything going smoothly), they got shocked , nothing was done,not even piling work! Total investment inclu malaysia, singapore and some asia pacific countries is about RM20 M and supposed to complete by dec 2012; when investors asked the culprit what had happened and where does the money gone, david wong reluctant to answer and he insist the project will be completed but no time period given. Thereafter many become suspicious on his background and start checking him; they found out he has many companies registered in Malaysia and most of his projects will ” inevitably fail after 4-5 years”, and when a project has problems , he will be “quiet down” and his company start “hibernate” and the investors money will never be refunded! He despicably claims himself is The Master of Management, and tries to lure innocent investors by immortalize himself and his background. His previous SUPEX MORTGAGE RECDUCTION was simply failed after few years becos many submitted cases were still pending after years ! not a single cent refund to customers; his latest project is selling his REVAN university master degree program . This university is simply no class U in The State, and not recognized by any renowned body; and yet he can lure innocent to sign up his program by paying few thousand Pound!
Hey, guys.. Thanks for saving me from scam.. I was about to lead a way with Steady Dynasty.. Are they really fake..??
means u must have attended the talk they had last week at istana hotel..i was wondering too abt its genuinity…i’m not sure either..
go ask KPDNKK..they even don’t have any license for AJL.
Sorry for the delay.. I did when for their talk in Perai, Png.. Well first they showed a bunch of profit makers.. Well after that towards the end, there is the bomb.. Being member for life time is RM130+.. Than u have to start up with their product about RM2000.. Its by MC Occean.. According to KPDNKK, MC Ocean has been permanently banned from MLM Business.. But how they still able to move..??
Go to http://www.kpdnkk.gov.my/web/guest/peniaga/pembangunan-jualan-langsung/sykt-jualan-langsung and search for MC-Ocean
Ok so like i meet this girl on zoosk its a dating service claims to be in mylasia dealing with a leagal matter stating that her father worked with a iol company befor he die and was in a court battle since she was the only living close relative she was to get the settlement she asked if i had an accout in the us for a transfer BING. RED LIGHT SORRY I DONT JUST GIVE OUT THAT INFO SHE GET A LITTLE UPSET AND THEN DECIDES TO EMAIL ME A LETTER TO PROVE ONLY THING IS THAT THIS DOCUMENT IS DATED FROM 2011 AND SHE SAYS SHES BEEN THEIR FOR A MONTH. LOL OK AND ALSO IT LOOKS AS FAKE AS ALL OF THE OTHER DOCUMENTS IVE SEEN POSTED FOR OTHER SCAMS…KEEP YOUR EYES OPEN TJEY TRY REALLY HARD TO BE CONVINCING….
Dude,that sounds like my story,i to was talking to this girl on the JWMATCH dating site and she told me that her father was from Canada and her mother was from Malaysia and they died in a car accident when she was 12 years old ,and that her father was a buisness man from Canada and he left her 5 .6 million dollars in the bank and properties.then after 10days of talking to her she started to ask me for some money cuss she needed the money for this paper that the courts need to fill out in order to get the inheritance she e.mail me the paper it said that you need 25.000 grant to process the document in order to get the inheritance,and that when all was over she would transfer the money to me and we will live happy ever after,well that got me thinking and i did my home work and i came to this site and i sow this posting and it sounded like my story,and who in there right mine after 10days talking to any body going to transfer 5.6 million dollars that is crasey, and i had one of my friends check the document that she send me cuss she works in a lawyers office and she told me that it was fake as hell,so anyone out there come across this scam please keep your eyes open so you do not get rip off. and thanks for the posting it help me a lot.
Hello, I have a friend who is involved in this FOREX like trading. The company’s name is Trade Orbitz.
http://tradeorbitz.com/
The company promises high returns of investment and the minimum investment you have to make is RM30,000.00. I went to check their website and they looked quite convincing, but I am still quite doubtful about this company. My friend’s father has invested RM30,000.00 in this company already. I am afraid he would be too involved and invests more of his retirement money into the company. I wonder if anyone has any similar dealings with this company? I hope anyone could shed some light on this.
Hi Dorothy,
Tradeorbitz is a scam, it has just changed its name from GVF, which is also a scam. The conmen running the show is the same group of conmen that was jailed 2 years ago for similar con jobs. Their company has no valid registration documents, only fake documents and fake claims. That’s why the cheques are written to their personal names and not company name, or they take cash. This is how they get away. Just try to withdraw all the money you’ve invested in them. If you can withdraw it, then you’re luckier than a lot of people who got scammed by them and stop seeing them or having anything to do with them. If you cannot withdraw, I feel sorry for you.
If you still need evidence to prove they are scammers, then I cannot help you, but you’ll be disappointed and punished for wanting to ‘get-rich-fast’, and fallen for their ‘eye-tricks’ using fancy cars/accessories/lifestyle.
u say score a is a bigger scame in malaysia..??but why me only 19years old can make profit for doing score a..in score a programe now have people have 3000 people have income 5 fingure and now have 76 millionare in kenshido international..its a good business..if we belive tht we can do it we will succes..sorry for my bad english..
that is because you are terrific cheater, that goes lying to people each day
I have been contacted several times by Vineyards Direct Malaysia, I nearly invested with them, but fortunately I did some research, I think but am not sure that they are connected with Australian Wine Index. I found some blogs with angry investors, seems like they promise much and deliver little. On further research I have found that investing in new world wine is not advisable. I have told them several times to stop calling me but they still persist. Be careful.
Hi, I bought some wine from Australian Wine Index in Singapore. Vineyards Direct is related to Australian Wine Index.
So SAN, is VINEYARDS DIRECT a SCAM??
Hi all, any idea on the Golden Palm Growers Berhad? thanks.
http://www.topix.com/forum/world/malaysia/TK12U7RNB31EV0RD7
Vgmc is a scam? So is quesnet?
Two of my buddies are in each of the company. Please advise. I Dunwan smtg bad happen to them. One invested 15k and the other bound to invest 40k in it
Hi All..
Always learn from the tradition Chinese saying ” No BIG frog jumping everywhere”
Hi All,
The upcoming scam will be sandalwood plantation based in Thailand. Will encourage you to invest and 5years later will get earn 20% each year. They claimed to be supported by Singapore’s banks and so on. So, please be alert.
And I have to thank God that I did not fall for the Dyuemall, Questnet and some other similar scam. My advise is read more current issues, be rational enough to think twice, not to be Greedy and remind yourself always that there is no free lunch in this world.
May God Bless u All…..
is the company called Asia Plantation Capital? How do u know it is scam? Please advice. I just attend their seminar today. Free Hi-tea in six star hotel, complimentary parking, free agarwood perfume worth $600, $50 for family member who attend. No hard sales talk. Only understanding their investment. If interested, can reserve first but no need to pay upfront. If go back, regret, can dun need pay. 100 agarwood tree in Chang Mai cost $30k. Return in 7 yr $100k. Sound too good to be true. What you think? Scam?
just paid rm 268 to attend a numeric fortune study today from Visiber in Puchong.
i was asked to buy the number to wear that costs me rm1800
want to know how to which network marketing is legal or not? whether should you invest in it? will, this can be done by simply clicking this link http://siddarthrajsekar.com/top-100-mlm-network-marketing-companies-in-the-world/
*if you don’t find the network marketing’s name that someone tells you about, then trust me; save your money, time and energy and do something else which is legal that doesn’t spoiled your image and reputation.
I really don’t believe this scam..why?like Score A..if it scammed by M’sia why our PM (Datuk Seri Najib )supported this programme..and many testimonials proved this scheme were successed..so many students and parents used and still using this programme have a strong belief on this scheme.Perhaps,all the followers earn money every month,like 1 of my fren:He earn almost >RM100k/month..PLEASEEE…i cannot think anymore..CONFUSED…
Is the score A really a scam, i’m going this afternoon for t training, not yet start investing, pls give me more info… but they show me magazine (media Sukses) to prove that they hv created 60 millionaires since then. My fren just joined & her fren statement show 7 thousand ringgit return ( he has get back his investment cost).
Pls give me more info.
I don’t think Score-A is a scam. Just ask yourself, do you make the biggest % ($) in the number of product sales or number of people you recruit? With that answer, if you are okay with it, then go ahead. Everyone has different definition on scam.
Ada satu email diterima konon kononnya daripada pihak Peguam oleh beberapa syarikat, menyatakan ada blogger yang membuat FITNAh dan mahu menyaman mereka…
adakah tuan salah seorang daripada mereka ?
Is bossventure.com a scam? Their presentation say a ROI of USD 7777 after 360days? 1million blog, uhave any idea?
Anyone heard about mlm company which sell travel package? They said located at jalan imbi and the origin company is from Singapore.