Put this map on your blog or website!

You are reading this, probably because you are about to invest or you have invested a large sum of money into this company hoping for a handsome return. Then you better read my review carefully, because there is a chance you might kiss your money goodbye.

According to my contacts in a Due Diligence firm:

1. Sunshine Empire and all subsidiaries under it are not licensed to offer investment opportunities to public in Singapore and Malaysia. You can call MAS or CAD to verify this or see here: Investors Alert List [my], Investors Alert List [sg]

2. The companies and websites were mostly registered in and after 2006, before that , they were totally non-existent. (There are evidences that linked them and one of their addresses in Shenton Way to some failed MLM companies selling health-care products in and before 2006.)

(Source: ACRA, Whois.)

3. Their ambitious telecommunication projects in Taiwan cannot be verified. There isn't any news about them except their own websites. (This is normal, how could the project be awarded to a company that has only 1 year history in telecommunication industry?)

4. It is impossible for a legitimate business to make more than 3% profit per month CONSISTENTLY for a long time (say one or two years). This is a financial rule of thumb.

People who were conned by this scam are advised to report to the nearest police station or CAD.

Update 18/10/2007
Malaysia Chinese newspapers: Sunshine Empire not licensed to run MLM and offer investment. Malaysia Authority is investigating Sunshine Empire: Oriental Front Page, Oriental A4. Provided by royleu.

Update 24/10/2007
The Straits Times: Sunshine Empire and James Phang first time appear in Singapore news. CAD is investigating Sunshine Empire: Straits Times H3, Straits Times H26. Provided by Specko80.

SE President's message. "It is a positive thing that the ST has presented a write up on Mr James Phang and the EGA conglomerate."

Update 27/10/2007
ST Forum Online Story: Sunshine Empire not a member of DSAS. "It is conceivable that some companies masquerade as legitimate MLM companies when they are actually operating illegal pyramid schemes."

Update 29/10/2007
The Electric New Paper: WHAT WATER THEME PARK PROJECTS?. "To our Ministry's knowledge, we have no information relating to a water theme park project." SO WHERE DO SUPER RETURNS COME FROM?. In other words, money is taken from Ah Kow to pay initial investor Ah Seng. No goods are bought and sold. Neither is the money collected invested in anything.

Update 5/11/2007
The Straits Times: Awards for two MLM-linked businessmen under review. A DECISION to give business awards to two men linked to a controversial multi-level marketing (MLM) firm is now under review. Provided by busyger. PDF version, provided by royleu.

Update 7/11/2007
The Straits Times: MLM man linked to abandoned Indonesian club project, news excerpt, full news.
The Straits Times: MAS warns consumers against unregulated firms. "If investors choose to deal with persons who are not regulated by the MAS, they forgo the protection afforded under laws administered by the MAS."

Update 8/11/2007
LianHe ZaoBao: CAD is investigating Sunshine Empire. "Sabah state government is unaware of any water theme park project in Sabah."
The Straits Times: Awards for 2 MLM execs 'withdrawn'. "Industry sources told the The Straits Times that Mr James Phang and Mr Ignious Yong will not get the gongs at the Global Business Opportunities Forum next week."

Old News
The Star Malaysia: Controversy over reclaimed land in Klebang, No application for Klebang theme park, CM works to solve land dispute.
Sin Chiew Daily: Tangga Hikmah insists land was not sold, demands Empire Properties to show receipt (Chinese)
antifraud.gov.cn: Sunshine Empire scam revealed (Chinese)

News about Sunshine Empire (Empire Worldwide)'s Project in Malacca: Malaysia Hari Ini, Sin Chiew, Utusan Malaysia, Berita Harian, Kosmos, China Press, Nan Yang, RTM News (Malay), RTM News (Chinese dubbed).

Update 13/11/2007
The Straits Times: CAD begins probe into MLM firm Sunshine Empire
Channel NewsAsia: Sunshine Empire under CAD probe
"A police statement on Tuesday, advising those who have invested in the company to wait for further updates from CAD, said they may be asked to help in the probe."
Commercial Affairs Deparment FAQ

Update 14/11/2007
The Straits Times: MLM firm Sunshine Empire under probe. " According to a company spokesman, the man behind Sunshine's operations, Mr James Phang, was at the CAD's office yesterday." Xin Ming: Members asked for refund, told there are 3 conditions. Provided by kyoshirou.

1. wait 21 days, pay administrative fee (5% total investment + $40) in order to get refund.
2. immediate refund if can find con a new member to join.

Update 15/11/2007
EGA's company listed in alert list is not related to Empire Properties' project in Malacca, according to Empire Properties' CEO: China Press, Nanyang. Oriental: Empire Properties is the first to conceive a lion head floating resort.

Update 17/11/2007
Wan Bao: Man apologized on newspaper, Sunshine Empire cheque bounced.

Missing news
around 14/11 ~ 15/11
"The Straits Times (?): SE said they welcome the probe and will work with CAD to clarify everything."

Update 19/11/2007
The New Paper: NO SUCH DEALS? SAME OFFICE, SAME SECRETARY, SAME DIRECTORS, DIFFERENT COMPANIES. "While it maintains that it is not an investment company, some of its potential members have said that they were told that they could get returns of up to $96,000 in eight years if they put $12,000 into the company." Chinese newspapers 1st half, 2nd half. Provided by kyoshirou.

 

Leave Your Comment Name: HomePage: Title: Comments: Sorry, guest comment for this post has been disabled. Please register as members to post comment. How do you find the review? Vote Now! (only for registered members) [5] Interesting [3] Informative [3] I want to try it... Like the review? Add to your Favourite List   Members who added as favourite wjsim bao cwc specko80 investors kcspider alphabetcorp
Related Articles
Swiss Cash / Swiss Mutual Fund This is a investment scam that is quite active around your neighbourhood. They promise you a return of 20% per month to your investment. In fact they are actually a "Ponzi scheme" . They will...
Overall Rating  based on 12 users ratings Tried the same thing before? Give your Ratings!
User Comments	First ‹ Page 2 ›› p3 › p4 ...... › p158 (Total of 1573 comments)
12 Lotus with empire? Wednesday, 23 July 2008 - Written by crapking anyone heard of the 12 lotus movie assoicated with the empire Reply / Leave A Comment   Thursday, 03 July 2008 - Written by crapking Haha did you guys notice the new wacky site at http://www.sunshine-empire-holdings.com .    Wonder when did it become a funny site Reply / Leave A Comment  Sunshine Empire NEWS Friday, 30 May 2008 - Written by janiceleeck Hi,        There is this site which blogs the latest discussions on Sunshine Empire from various sites on the web        http://sunshineempirenews.blogspot.com/    http://sunshineempirenews.blogspot.com/        Latest Posts : Sunshine Empire Agent's Blog screenshots by HWZers    WHAT IS AGGRESSOR GROUP?    WHO IS MR RON ? Reply / Leave A Comment  New SCAM from SE Monday, 26 May 2008 - Written by edmwer http://forums.hardwarezone.com.sg/showthread.php?t=1974906    Please check out the above link.. There is new movement from SE in the form of illegal street solicitation of funds Reply / Leave A Comment  sunshine empire Sunday, 11 May 2008 - Written by sunshinegirl Past over Sunshine Empire,game over. Reply / Leave A Comment  Thank you Lorna Tan Monday, 14 April 2008 - Written by royleu Another Great, Great completed by Lorna Tan. Reply / Leave A Comment   Saturday, 12 April 2008 - Written by kyoshirou Money  Clients of MLM firm Sunshine Empire cry foul  Lorna Tan, Finance Correspondent  622 words  12 April 2008  Straits Times  English  (c) 2008 Singapore Press Holdings Limited    Many now worry they may lose their principal sums after their rebates were discontinued    PEOPLE who have put money with the controversial multi-level marketing (MLM) firm Sunshine Empire are crying foul after their monthly cash rebates were discontinued.    Many are also now worried about losing their principal sums worth millions of dollars.    Several participants have told The Straits Times that they have been offered an option by their 'upline' - the person who recruited them to Sunshine - to cancel their accounts in Singapore and transfer them to a Hong Kong company called EmMax.    They have been told that once the Hong Kong business is built up, their rebates will start flowing again.    The Straits Times reported in November that the Commercial Affairs Department (CAD) was investigating Sunshine, as its activities appeared more like those of a pure investment scheme, for which it was not licensed.    The firm invites people to become 'merchants' of online goods, ranging from health supplements to electronics. Concerns centre on the fact that participants can potentially pocket big monthly 'rebates', which are not guaranteed, without ever buying or selling these goods.    The rebates are based on the participants' cash outlay, as well as Sunshine's global turnover.    Six Sunshine participants were applying for refunds when The Straits Times visited the company's headquarters in Toa Payoh yesterday.    One, who declined to be named, said he placed $12,500 in a gold plan in August. He received two monthly rebates of about $700 each, but these stopped once the CAD began its investigation.    Another participant, who also sought anonymity, said she was 'very worried' about losing her savings of $35,000, which she placed in four gold plans from November to early this year. Her rebates have ceased in recent months.    'If Sunshine is declared bankrupt, I will not get my money back,' she said. 'Can the authorities give direction on what to do?'    She will not transfer her accounts to Hong Kong, as she is unsure if the move is legal because of the ongoing investigation.    Sunshine adviser and spokesman James Phang denied any knowledge of the alleged Hong Kong option when he spoke to The Straits Times recently.    'I'm under investigation, so I'm not at liberty to reveal anything,' he said.    'To my knowledge, there were no meetings at Sunshine (about the Hong Kong option). People can come in and out. They can join any company. I have no control over the members. They are independent people.'    Mr Phang did confirm that Sunshine had stopped giving rebates in the past few months.    It was earlier reported that Mr Phang was linked to a failed investment scheme that resulted in 1,000 Singaporeans losing about $2 million.    The Consumers Association of Singapore's executive director, Mr Seah Seng Choon, cautioned participants against transferring their money to Hong Kong, as it would put their investment outside Singapore's jurisdiction.    'Recovering money from a foreign entity is always difficult if the company is unable to continue its operation here as a result of the current investigation,' he said.    Mr Seah advised consumers unprepared to stomach further risks to ask Sunshine for refunds - advice he also gave in November. He urged consumers to report to the police any new development or changes made by Sunshine.    Sunshine was placed on the Monetary Authority of Singapore's investor alert list in September. This means it is not allowed to conduct regulated activities.    It is reported to have attracted 20,000 clients since it set up in Singapore in July last year.    The police declined to comment yesterday, as its investigation was still ongoing.    This email address is being protected from spam bots, you need Javascript enabled to view it     special ty to Volexr@HWZ Reply / Leave A Comment  Bank Negara Malaysia Investigates Mercantile Point Saturday, 05 April 2008 - Written by malaysian Bank Negara Malaysia Investigates Mercantile Point Sdn Bhd and Sunshine Empire Sdn Bhd and its Related Companies  Bank Negara Malaysia is currently investigating Mercantile Point Sdn Bhd and Sunshine Empire Sdn Bhd and their related companies suspected of conducting illegal deposit taking and money laundering activities. These illegal activities are offences under subsection 25(1) Banking and Financial Institutions Act 1989 (BAFIA) and subsection 4(1) of Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLA) respectively.     The raids on Mercantile Point Sdn Bhd and its related companies were conducted on 2 April 2008 while the raids on Sunshine Empire Sdn Bhd and its related companies were conducted on 4 April 2008. These raids were conducted in premises of the companies around Kuala Lumpur following complaints received from members of the public. Relevant assets and documents of the companies were seized for purpose of investigation.     Members of the public are reminded not to place money or deposits with companies not licensed by Bank Negara Malaysia or to be involved in any get rich quick scheme to avoid losing their hard earned money. A list of all licensed institutions that accept deposits is available on Bank Negara Malaysia's website at www.bnm.gov.my. Members of the public should contact Bank Negara Malaysia for enquiries and further advice at the following address and telephone contact numbers:     Laman Informasi Nasihat dan Khidmat (BNMLINK)   (Walk-in Customer Service Centre)   Ground Floor, D Block,   Jalan Dato' Onn   50480 Kuala Lumpur     Telephone:     BNMTELELINK : 1-300-88-5465 or     Hotlines : 03 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143   Fax: 03 2698 7467     E-mail: bnmtelelink@ bnm.gov.my         Bank Negara Malaysia  4 April 2008     http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1604 Reply / Leave A Comment  High Investment Payout Monday, 17 March 2008 - Written by Norman Tan I have been following the various sites on HYIP with interest. I myself is a victim of investing into HYIP. Fortunately, I did not recruit a single person into them as later it proved to be a losing deal. No matter how they package it, wherever they are located, who and how they are managed, they are all the same if they promised to pay you high interest rate for doing nothing.     Some of these HYIP's are:    1. Swisscash - closed down  2. BuyeBarrel - closed down  3. MegaeForex - site down for now   4. Xthreem Online - Never pay thousands of investors but still running online  5. Sunshine Empire - pending CAD investigation.   6. MobileWallet - aggresively recuiting investors, claiming not to be a investment plan.  7. LuckyIndex - Never pay many of its investors.    Many more will come and hopefully, wont go off until the investors get their money back. I am fortunate to lost only a few thousnad dollars but I have known of investors losiing hundreds of thousands of dollars into such scheme.    With the US dollars going down and the price of commodities going up, I think it is better to invest in Gold or fixed foreing currency. At least, they are secured by the bank for your capital.     I have since placed money into foreign currency and bought gold which have gave me good returns so far. Reply / Leave A Comment   Monday, 17 March 2008 - Written by kcspider ah... i give you some sweets first... before cheating you of your money, how clever... Reply / Leave A Comment   Sunday, 16 March 2008 - Written by fatherking I believe someone going to create a new topic soon!!! hahaha.... weaks... at this point of time. i wondering how come, some people still making 30 - 50k in sunshine empire.. go and think!!! go and think!!!!! Reply / Leave A Comment  sunempire Sunday, 16 March 2008 - Written by fatherking Ya. the SINGAPORE sunshine Empire DOOR still OPEN BIG BIG!!! Reply / Leave A Comment  EMWEALTH Sunday, 16 March 2008 - Written by fatherking I guess those who do business with Emwealth. I believe your have received some good news!!! =) Jia You and con't to fight and chiong. never stop at this point of time. Reply / Leave A Comment   Thursday, 06 March 2008 - Written by polcade this company still runing in thailand,seen start have problem in last month,can't change e-piont to cash,wait and see in this month. Reply / Leave A Comment  Is it alright Tuesday, 04 March 2008 - Written by sunshinegirl Is there any property is building in Malaysia ? How about Singapore Office is opening for merchant work ? Reply / Leave A Comment  SE spaceship Friday, 29 February 2008 - Written by kcspider That's the whole idea when there is intent to cheat... lots of smokescreen Reply / Leave A Comment  SE is like a spaceship Thursday, 28 February 2008 - Written by DaBian Very luan, at first through application form towards bank account, then mobile wallet, then now online, then again cash. dunno what are they trying to do, maybe they want to survive their business but like spaceship going from one place to another place, and there is no standard procedure for payment, website down and this and that, what a chaotic business Reply / Leave A Comment  redress Thursday, 28 February 2008 - Written by kcspider For those of you who wish to seek redress, it may be possible to approach police and try and see if this can be made a cheating case.    I remember last time people who were duped into buying magic stones. Those responsible were brought to justice.    Surely this one is no exception... Reply / Leave A Comment  Another terrible news for Sunshine Villa owners Thursday, 28 February 2008 - Written by sunempire Just heard the latest news that merchants who have bought Sunshine Villa can no longer use their epoints to pay for their monthly installments.....Empire Property is going to collect CASH from them!! Yes cash! Can you believe it? SE got the cheek to take cash while they are holding to all payments. They even offer to arrange bank loan for you if you are cash tight. What a joke! Ask them go to hell! Reply / Leave A Comment   Tuesday, 26 February 2008 - Written by specko80 wow....this thread is still so active? Me "migrated" to forum at hardwarezone...haha..    Hope that those who are into SE get their money back real soon...especially in this year when everything in Singapore goes up due to inflation etc...though got to say that SE's future looks bleak...    Odd as SE claims to be revolutionary but their website has not been updated for ages? Any SE members who wish to clarify? Server for SE down or kena those Valentine's Day virus? Reply / Leave A Comment

First ‹ Page 2 ›› p3 › p4 ...... › p158 (Total of 1573 comments)