What has the Government done to Protect us? !! (4th Part of Rampant Lawless Series)

M 。。。。- The Story Behind A Billion Profit Company
by JP

[PREFACE]

While this country is celebrating its double festive - 54th merdeka (independence) day & 'Hari Raya Aidilfitri' (Muslim festive), joyful & cheerful could be heard everywhere.

I am not here to distort your precious moment. While you are having the great reunion with your beloved family, do you aware that few of them (even your own) might have got ‘stolen’ quietly of your hard earning by certain syndicated and well organized scam ?

While most of your reunion’s talks are grumbling about the bad economy situation, do you know that there are some legal and public listed companies might with ‘some undisclosed background’ gaining billion in profit ?

With my head still in surfing mode of daydreaming, I was living in a country named Matasia. One of my pretty playmate got herself murdered by two shots on her head then body exploded !
The case remains as a hit-chat even the killer faced his justice of being penalized to hang until die, but no much people (at least those other who are not in the court room) ever seen the killer’s face. With some good imagination of Hollywood movie that identity swapping technique widely used to protect ‘in-favoured’ person, who knows that the one to be hung then could be another scapegoat’s body ?

And my head could have still hangover with the faked cognac Louis XIII last night besides the long-lasting daydream now, one of my far-crossed-relative making a complaint to police that he been threatened by 'Ah Long' (loan-shark). An officer thrown him back with this: “Who asked you to borrow from Ah Long?”, further with this: “If everyone goes and borrows money from load shark then makes a complaint here with intention to escape from paying back, then you think we act like a shelter for Ah Long’s borrower !? “
With the officer way of treating to my poor relative, would you think he would continue with officiating his complaint ? ..Damned! These all are cracking my head while I’m feeling too heavy to command my fingers to type on with exploring the ‘darkside’ of cronyism.

Sex, Feng-Shui Scum & RM12,000,000,000 !! (Part 3 of Rampant Lawless Series)

Scam Series: The Karma Show (Part III)
by JP

The trick of targeting desperate people' s heart with healing disease and finding-back their beloved-one widely being used in scam !!

The controversy RM12,000,000,000 estate scrum in Hong Kong was once catching public eyes.

Nina Wang or Kung Yu Sum (Chinese: 龔如心) who died at her 69 was Asia's richest woman with no children, leaving an estimated asset of 12 billion which induced unlawful scam!!

A scum of Feng-Shui master claimed to be her secret-lover and appealed to court to inherit the late Wang’s multibillion fortune with forgery will !!

This fucking scumbag, named Tony Chan Chun-chuen (Chinese: 陳振聰), is a Hong Kong conman and declared himself as a former Feng-Shui (Chinese: 風水) geomancer & lover to the late Nina Wang.
On 2 February 2010, the Hong Kong High Court ruled that the late Wang's estate belongs to Chinachem Charitable Foundation (Nina Wang’s company), not to Tony Chan!
The Justice-Lam said Chan was "untruthful, unreliable and lacking in credibility". He further stated: "I do not find him to be a credible witness and I find in many respects his evidence was tailored to suit his convenience. I do not believe what he testified regarding the provenance of the 2006 will. Apart from my general assessment of his credibility, I also find his evidence incredible."
The judge found Wang's signature on the 2006 will relied on by Tony Chan to be "a highly skilled simulation" !!
On the basis of which the Hong Kong Police arrested Tony Chan the next day.
He was released on HK$5m bail.

The Inland Revenue of Hong Kong has also issued a demand for HK$300 million in back taxes on income he is alleged to have received from Wang for Feng-Shui services, sums which Chan claims were gifts from his lover.
It was believed that this gigolo/scumbag had rolled off more than 1 billion HK$ during their romance period !!
“The late Wang made three payments to Chan of about 688 million Hong Kong dollars each when she was dying of cancer. The auspicious numbers 688 might possibly relate to the illogical belief that her terminal stage of cancer could be cured by giving away part of her fortune, or tied to a feng shui ritual designed to find her missing husband.”

The trick of targeting desperate people ‘s heart with healing disease and finding-back their beloved-one widely being used in scam !!

These scum in Feng-Shui (Chinese: 風水, is an ancient Chinese system of aesthetics believed to use the laws of both Heaven (Chinese astronomy) and Earth to help one improve life by receiving positive elements) line could eat their own karma at the end of their ending days.

Nina Wang was born in Shanghai, where she was a childhood playmate of her missing husband - Teddy Wang.
Teddy's father Wang Din-shin had established a paint and chemical business. The Wangs moved to Hong Kong, and the business became the Chinachem Group, eventually one of Hong Kong's largest and most powerful companies based on a lucrative pharmaceutical division. They got married when she was 18 and he 22 in 1955.
Nicknamed "Little Sweetie" (Cantonese: "小甜甜"), she was noted for her two pigtails and her love of dressing in traditional Chinese dresses.
She was the richest woman in Asia and the world's 35th richest person, with a fortune of $4.2bn, according to Forbes magazine; a fortune which exceeded that of American talk show host Oprah Winfrey !!

The Suspicious Missing ~..~
On 12 April 1983, the Wangs' Mercedes was hijacked. Teddy Wang at his age of 50 was taken away and chained to a bed for eight days until Nina Wang paid a $33 million ransom.
On 10 April 1990, Teddy Wang (57) was kidnapped again!! This time he was unable to be found back.
After his disappearance, Nina took the helm of Chinachem under the title of "Chairlady" and built it into a major property developer.

She probably never thought that she could get scammed in her life !!
Karma, it shows.

WHERE is the authority? !! (Part 2 of Rampant Lawless Series)

Scam Series: The Encouragement
by JP

Sunshine Empire Pte Ltd was a company setup in Singapore in 2006.

The company had gathered almost S$200 million in funds through investment schemes / scam. Over S$100m were paid out as 'investment returns' (dividends); whilst another S$40m were transferred to associates as 'interest free loans' and the remaining S$60,000,000.00 (approx.) believed to have been rich the directors/organisers/founders' pocket !!

Prior to the existence of Sunshine Empire, its founders had a long history of establishing similar investment schemes / scams under various business names.
None of which had ever materialized. The projects were claimed to have failed and investors would not get back anything after a few months of collecting the funds. However, its founders evaded legal charges by operating on legal loopholes in their contracts or bribing authority? !!

It was reported that there was also a group of middle-aged people who were trained separately from the majority and drove luxury sedans like Mercedes-Benzes and BMWs despite being only in their early twenties. These car achievers are also known as managers who always dressed smartly in black suits and carried Montblanc pens and wallets. According to a former member of Sunshine Empire in an article, these managers would take other members out for supper after the training sessions because they said it would foster bonding and it is an opportunity for other members to see the cars they drove.

The fact that Sunshine Empire's merchants can notch up what seem like profits without ever buying or selling products means its business model looks like a pure financial investment scheme or Ponzi scheme.
There have been allegations that the Sunshine Empire is a Pyramid scheme, with victims in East Asian Countries includes Malaysia.
Sunshine Empire was placed on the Monetary Authority of Singapore's (MAS) investor alert list and Malaysia's Securities Commission alert list.

On 3 February 2009, investigation by the Commercial Affairs Department (“CAD”) of the Singapore Police Force was concluded that Sunshine Empire generated a revenue of almost $200,000,000 in just over a year.
Jackie Hoo Choon Cheat, a director of Sunshine Empire, and James Phang Wah each faced a charge of fraudulent trading under Section 340 of the Companies Act, a charge of failure to maintain proper accounting records of Sunshine Empire under Section 199 of the Companies Act and eight charges of criminal breach of trust as an agent of Sunshine Empire under Section 409 of the Penal Code.
Phang also faced six charges of falsification of Sunshine Empire’s accounts under Section 477A of the Penal Code and one charge of false declaration of the share capital of Empire Communications Technology Pte Ltd under Section 401 (2A) (b) of the Companies Act. In addition to the Penal Code and Companies Act charges, Phang faced three charges for possession of uncensored and obscene films under the Films Act. He is the shadow director of the ponzi scam empire which had cheated more than 20,000 Singaporeans (mostly teenagers) and rewards top scammers with luxury cars.
Neo Kuon Huay, a director of Empire Emall (S) Pte Ltd and wife of Phang, faced six charges of falsification of Sunshine Empire’s accounts under Section 477A of the Penal Code and one charge of false declaration of the share capital of Empire Emall (S) Pte Ltd under Section 401 (2A) (b) of the Companies Act.
Yong Wai Hong, a director of Empire Communications Technology Pte Ltd and various companies, faced six charges of false declaration of the share capital of various companies under Section 401 (2A) (b) of the Companies Act.
Mr Subhas Anandan represented all four as they claimed trial. Neo, Hoo and Yong were offered $600k bail each and their passport impounded.
Three of the accused, apart from Yong, were arrested on the afternoon of 2 February 2009 and spent that night in remand. Yong was on police bail then. They were subsequently released on bail and were driven away in a convoy of Mercedes-Benzes and BMWs.
Phang was addressed as '老大Lao Da' ('chief' in Mandarin) as he got into his car.

The trial begun at the Subordinate Court on 29 March 2010. On 16 July 2010, Phang and Hoo were found guilty of perpetuating fraud, criminal breach of trust and falsifying accounts.
On 30 July 2010, Phang was sentenced to nine years jail and fined $60,000; his wife, Neo Kuon Huay, was found guilty of falsifying payment vouchers, was fined $60,000; former company director, Hoo was sentenced to seven years jail.

A public doubt has raised if based on the findings by CAD, "Was this scam originate invented by Hongkish ?"
{On 8 October 2008, 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.
On 24 October 2008, it was reported that James Phang Wah does not own Sunshine Empire but just a charismatic adviser to SunShine.}

While in Malaysia, the 'one' been charged was a company itself - Sunshine Empire Sdn. Bhd; but NOT the owner/director of the company?!!!
The company was operating its unlawful business in two adresses. One located at Emper Menara Uncang Emas, Jalan Loke Yew, Kuala Lumpur within the period of 14 July - 17 October, 2006 (three months only); another located at Bangunan KUB.com, Jalan Yap Kwan Seng, Kuala Lumpur wihtin the period of 18 October, 2006 - 4 April, 2008.
The company plead guilty of collecting money without license. The company was represented by director, Mohd. Azlan Azman (a puppet?/scapecoat?), fined (ONLY) RM2m? for two charges.

It was believed that this company had rolled away RM100,000,000.00 (a very conservative estimation) but [the company] (and NOT the person) only fined RM2millions !!

Would this be a deviant perception of encouragement for foreigner (or even local) to planting more scams in this country instead of neighbour country ? !!!

WHERE is the authority? !! (Part 1 of Rampant Lawless Series)

Scam Series: The Ponzi Scheme
by JP

There are a lot of scams and money-cheating activities around.
From the paper-based, the [Scratch-n-Win], lucky draw scam, lottery scam etc. to solid items - property transaction, house and car buying or selling, office renting, land swooping etc.
From well-plotted gambling table to well organised pyramid scheme.
With highly advancing and global integrated technology development nowadays, besides the common unsolicited emails sent to our mailbox, we might still be cheated off a penny of twos by those annoying mobile phone SMS !!

Most of the time, we might have just 'chosen' the way of [keep quiet] if we got cheated (unless the figure is considered 'big' to us, or if we felt hurt or sad with that).

Well, let me bring a series of rampant scams happening everywhere; then you re-choose your choice of decision if it happens to you again.

[The Ponzi Scheme (A Pyramid System)]
The Ponzi scheme is a pyramid system with cheating off money from investors.

The scheme is named after Charles Ponzi who became notorious for using the technique in early 1920. Ponzi did not invent the scheme (for example Charles Dickens' 1857 novel Little Dorrit described such a scheme decades before Ponzi was born), but his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to support payments to earlier investors and well-riching himself.


A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the syndicate, but from their own money or money paid by subsequent investors.
The Ponzi scheme usually entices new investors by offering returns (dividends) other investments cannot guarantee, in the form of short-term returns (dividends) that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme practises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

Generally the investor would be so happy with the high dividends that they would not complain. The authorities would therefore remain ignorant (or corrupted?) of the operations of the scheme. Besides if exposed and forced to stop the investors would lose all the money they had invested.

The system is destined to collapse if there happens lesser 'fresh' investments than the dividends paying-off. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or eyed. At most of the times, some corrupted authorities work with the scheme organiser to seize the operation pretendedly once the system hit its 'bottle-neck' where insufficient 'fresh' investment pumping in to cope up with the dividends paying-off.

Nevertheless the so-called dividends would contribute to the per capita and GDP of the country. And the magnitude bunch of the 'black-money' scammed by the organiser would contribute to those corrupted authority's earnings as well!!

The Targeted House

by JP

One of my richer friends who had earned his millions-mine in his early 40’s and migrated to oversea back for funeral of his property asset’s designated lawyer recently. We barely meet up for almost 10 years.

After the funeral, we hang out somewhere near the KLCC, in the Trader Hotel, a hotspot in town – the SkyBar.
We have lots to catch up.

One of remarkable things he told was this:

“I use to let my staffs to stay in FREE at my unoccupied apartment”

“You are a great boss”

“They no need to pay anything. I even pay for the maintenance”

“Wow! Your staffs are well-blessed & lucky to have your kind of good boss.”

“I even hired a timed maid to clean for their mess”

“Wow! You are too generous”


“Haha! One thing they have to repay for my ‘kindness’ is that they must testify me as one of the tenant in that apartment if someone query for”

“ ? ? ?”

“There was one time when I was interrogated for a minor case by the local (oversea) authority, they asked me full particular which off course includes my home address. I threw them my unoccupied apartment's address, which tended not to frighten my family at home”,

“You know what they did?”, he continued “They went to that address (unoccupied apartment) with a search warrant.”

“Hhuh! Then they must have broke their back in an empty house..”

“Yea. Then they came back and made me very uneasy…”

“Tortured ?” I curious.

“…what do u think? Buy u a cup of coffee then?” He continued, “I still have to furnish them my genuine address at last.....”

“After that incident, I started to let my staffs stay in few of my occupied apartments and if crashing with those jackals again, I’ll safe then.” He added.

“huhh, so smart.”

photo courtesy of bloximages
---------------------------------
When I recall what he said, this tycoon even might get himself safely if someone ambushes him but did at a wrong targeted house!!

So, to all my precious readers here : Don’t ever think that your boss is being too kind to you if he presents an apartment for you to stay in!!!

photo courtesy of billiniraq

- (mirror version) - Maxis SMS Scam – How it Works ( 8th Part of Rampant Lawless Series)

(This is a mirror version. Original post at HERE >click<)
http://jp3rdparty.blogspot.com/2011/09/maxis-sms-scam-how-it-works-8th-part-of_07.html


This is totally crazy and ridiculous !! I never use, never subscribe; but now they said my subscription is RENEWED !!! - by a Maxis complainer

[Chapter 3]
By JP

Recently, I hear several grumbles from my mate about their mobile service prepaid balance being deducted unconsciously or postpaid account being charged for unsolicited SMS.
*Is this unlawful ?*
I even received one complainer tables with solid proof to show that the mobile service provider, the telco – Maxis had sent her unsolicited SMS and charges her without her consent!

According to the complainer,
“I often receive unsolicited SMS since I subscribe to use Maxis as mobile operator. Some they promote to sell things; some approaching me to subscribe for news alert; some with attracting MMS picture graphic to encourage me to forward the MMS to my knowing etc.” she continued, “Most of these SMS were clearly indicated their company name, brand name or Maxis themselves”
She added, “I will ignore these SMS everytimes.” She furthered, “One day, I received a SMS from [no name, only number showed 27770] written like this –
{ RM0.
Ur MTweeter free trial will expire in 2 days.

Continue to follow friends tweets for only RM2/wk. }

“That was strange, I never used or subscribed to 27770 or MTweeter. Why they said my [free trial], and further pursuing me to continue to use their servive?” !!!

(To my precious readers here - What would you do if you receive this ? Read the text again and digest it, then re-answer again)

She continued, “After a couple days, I received the second SMS from 27770 written -

{ RM2. Your MTweeter subscription is renewed.

To stop,
send stop mt to 27770 } ”

“This is totally crazy and ridiculous !! I never use, never subscribe; but now they said my subscription is RENEWED !!!” She started getting mad of this.

She continued, “Some more (they indicated) that 2 dollars had been charged !”

(What would you do then?)

“Off course I sent back [stop mt] to the 27770.” She admitted.

(then?)

“Within a minute, they sent me back this -

{ RM0. Click on the link below to unsubscribe.

http://m.mtweeter.com/stop/ } ”

She added, “I was unable to log that link given. I was totally frustrated and helpless then.” She continued, “Then I asked around friends to get help. They given the Maxis helpline to call.”

(What if the unfortunate lady stop at this stage without calling the center, What could be happened to her billing?) !!!

She furthered on, “I called immediate to Maxis helpline. The first voice I heard was a machine sound asking me press 1 for ….., 2 for ….. and 3 for …….. Then after I press x?, the machine asked me to press this and that …and further on.

…… to be continued
click on the pix to get clearer image


(to browse back, Chapter 1 click HERE)

- (mirror version) - M A X I S - Story Behind A Billion Profit Company (7th Part of Rampant Lawless Series)

(this is a mirror version, original post at here)
http://jp3rdparty.blogspot.com/2011/09/maxis-story-behind-billion-profit_06.html

Death is not the most scary part; dying but stuck to let go the last breath is the most regret!!

* Karma - It Shows *


[Chapter 2]
By JP


Maxis has became the most profitable telecommunication company (telco) in Malaysia.
Maxis top listed as the biggest gainer beating others amongst its same industry in the second quarter annual report this year 2011.

I have no question about its well performance where its BOD consists of many capable persons with great perspective and its great main shareholder – one of the richest people in Malaysia.

What makes me doubt is whether they are hiring a group of management with money scamming talent who have many to prove (their capability), to invent and operate such a scam to hook users money continuously.



…… to be continued

(to browse back, Chapter 1 click HERE)

- (mirror version) - M a x i s - Story Behind A Billion Profit Company (6th Part of Rampant Lawless Series)

(this is a mirror version, original post at here)
http://jp3rdparty.blogspot.com/2011/09/maxis-story-behind-billion-profit_05.html

Death is not the most scary part; dying but stuck to let go the last breath is the most regret!! - by Jeff JP 1999.09.09

[Chapter 1]
By JP

Few of my buddies have advised me not to pursuit in writing the piece that could drag me suffering, with their good-hearted off course.
With my continuing blogging about to unveil the darkside of the most profitable telecommunication company (telco), the ‘top-seat’ there would have felt very unpleasant and this induces someone desperately to climb up could plot up something to show their ‘worthy royal’ to their master (the ‘top-seat’).
Nobody dares to crash against the most profitable company (off course, it’s perceived as a powerful ‘syndicate’ in collusion).
“Who dares to touch a company with hundreds employees, gaining billion of profit and off course, could have linked with some ‘undisclosed background’ either in political or underground world ?” ;

“Who’s the idiot dares to report officially any fraud or fault play which hooking up public money ?” ;

“Who’s in the authority department dares to probe genuinely into any complaint against certain syndicate whom might had feed his/her superior periodically ?” …..

Off course many of us chosen the decision to [ignore] such a scam which only cheated off our penny of twos; many of us chosen the decision to [ignore] such a complaint which did not prick onto our own skin; many of us chosen the decision to [ignore] those unfortunates whom have nothing related to us.
This [ignore] habitual has pro-long and encourage such the scam which could has rolled off billion dollars of our nation’s hard earnings !! The most damned part is we hearsay that the billion being scammed off might have used to manipulate election result to strengthen their ‘feed-one’ power and eventually pro-long their scams. $15,000,000 or $60,000,000 considered easy money to them if they able to hold their bulwark !

We create awareness, we need your support by just sharing this to everyone you know ~..~

- (mirror version) - What has Government done to Protect us? !! (5th Part of Rampant Lawless Series)

(this is a mirror version, original post at here)
http://jp3rdparty.blogspot.com/2011/09/what-has-government-done-to-protect-us_05.html


In Malaysia, we should ask: “What has the government done to protest us ?” !!!

The Asia countries had induced more scamming syndicates than any other region !!

M 。。。。- The Story Behind A Billion Profit Company
by JP

[PREFACE]

While this country is celebrating its double festive - 54th merdeka (independence) day & 'Hari Raya Aidilfitri' (Muslim festive), joyful & cheerful could be heard everywhere.

I am not here to distort your precious moment. While you are having the great reunion with your beloved family, do you aware that few of them (even your own) might have got ‘stolen’ quietly of your hard earning by certain syndicated and well organized scam ?

While most of your reunion’s talks are grumbling about the bad economy situation, do you know that there are some legal and public listed companies might with ‘some undisclosed background’ gaining billion in profit ?

With my head still in surfing mode of daydreaming, I was living in a country named Matasia. One of my pretty playmate got herself murdered by two shots on her head then body exploded !
The case remains as a hit-chat even the killer faced his justice of being penalized to hang until die, but no much people (at least those other who are not in the court room) ever seen the killer’s face. With some good imagination of Hollywood movie that identity swapping technique widely used to protect ‘in-favoured’ person, who knows that the one to be hung then could be another scapegoat’s body ?

And my head could have still hangover with the faked cognac Louis XIII last night besides the long-lasting daydream now, one of my far-crossed-relative making a complaint to police that he been threatened by 'Ah Long' (loan-shark). An officer thrown him back with this: “Who asked you to borrow from Ah Long?”, further with this: “If everyone goes and borrows money from load shark then makes a complaint here with intention to escape from paying back, then you think we act like a shelter for Ah Long’s borrower !? “
With the officer way of treating to my poor relative, would you think he would continue with officiating his complaint ? ..Damned! These all are cracking my head while I’m feeling too heavy to command my fingers to type on with exploring the ‘darkside’ of cronyism.

Ask yourself these questions:
Would you do something to stop such a scam which rolls off billion of the nation’s hard earnings ?
Would you make an official report to complain against a scam ? To Whom ? By then, would you think that the authority you complain to could have put in genuine effort to stop the scam operation ?

The answers could be variant here unless you had chosen a decision of [ignore] to the first question.

Most of the us could have chosen the decision to ignore such a scam which is only cheats off our penny of twos. This psychological trick had been widely used by accumulating systematic scam. The tiny pence they ‘steal’ from you should accumulating into billion dollars if the number of victims increase! The answer to question of why the number of victims increase exactly hit the point here – “We all chosen the decision of [ignore] to the scam due to we ourselves just losing penny of twos” !!

Mobile phone scam is a form of spamming directed in the form of text messaging service (SMS) of a mobile phone.
As the popularity of mobile phones surged in the early 2000s, frequent users of mobile service began to receive many unsolicited (and generally unwanted) commercial advertisements being sent to their telephones through SMS. This can be extremely annoying expecially you are in the middle of tasting your lover, and your partner would definitely suspicious and ask “Who the fuck is that?”
Unlike in email, some recipients could be charged a fee (or deduct their prepaid balance) without their consent for every message received ! This is absolutely damned if you intend to make a call but just to find out that your balance had ran out !!

[Rampant Lawless]
SMS scam is illegal under common law in many jurisdictions as trespass to chattels. Jurisdictions with specific SMS scam regulation and fines include China, Australia, the EU, and the United States.
In June 2009, three major Chinese carriers—China Mobile, China Telecom and China Unicom—imposed limits on text messaging in order to crack down on spam SMS. Under the restrictions, a phone number can send no more than 200 messages per hour and 1000/day on weekdays.
In the United States, recipients of SMS scam can file a complaint with the FCC (the US authority). Violators face substantial costs.
In California, Section 17538.41 of the B&P Code bans text message advertisement. Consumers can sue on an individual or class basis per a private right of action against unfair business practices.
In Malaysia, we should ask: “What has the government done to protest us ?” !!!

The Asia countries had induced mushrooming planting of scams by telco.
The amount of mobile scam varies widely from region to region. In North America, much less than 1% of SMS messages were spam in 2010, while in parts of Asia up to 30% of messages were scam!!

We create awareness, and we need you to share this with your loving one.
Fighting SMS scam is complicated by several factors, including the lower rate of SMS scam (compared to more abused services such as Internet email), which has allowed many users to ignore the issue. I’m very doubt that our authority could have make some good money of this by working in collusion!!

- (mirror version) - Maxis - Story Behind A Billion Profit Company (7th Part of Rampant Lawless Series)

This is a mirror version of the original posting (to escape heavy traffic jam)
Original Posting, please click HERE

=====================================
Death is not the most scary part; dying but stuck to let go the last breath is the most regret!! - by Jeff JP 1999.09.09

[Chapter 2]
By J




























.....loading

- (mirror version) - WHERE IS THE authority? !! (Part 2 of Rampant Lawless Series)

(this is a mirror version, original post at here)
http://jp3rdparty.blogspot.com/2011/08/where-is-authority-part-2-of-rampant.html

Scam Series: The Encouragement
by JP

Sunshine Empire Pte Ltd was a company setup in Singapore in 2006.

The company had gathered almost S$200 million in funds through investment schemes / scam. Over S$100m were paid out as 'investment returns' (dividends); whilst another S$40m were transferred to associates as 'interest free loans' and the remaining S$60,000,000.00 (approx.) believed to have been rich the directors/organisers/founders' pocket !!

Prior to the existence of Sunshine Empire, its founders had a long history of establishing similar investment schemes / scams under various business names.
None of which had ever materialized. The projects were claimed to have failed and investors would not get back anything after a few months of collecting the funds. However, its founders evaded legal charges by operating on legal loopholes in their contracts or bribing authority? !!

It was reported that there was also a group of middle-aged people who were trained separately from the majority and drove luxury sedans like Mercedes-Benzes and BMWs despite being only in their early twenties. These car achievers are also known as managers who always dressed smartly in black suits and carried Montblanc pens and wallets. According to a former member of Sunshine Empire in an article, these managers would take other members out for supper after the training sessions because they said it would foster bonding and it is an opportunity for other members to see the cars they drove.

The fact that Sunshine Empire's merchants can notch up what seem like profits without ever buying or selling products means its business model looks like a pure financial investment scheme or Ponzi scheme.
There have been allegations that the Sunshine Empire is a Pyramid scheme, with victims in East Asian Countries includes Malaysia.
Sunshine Empire was placed on the Monetary Authority of Singapore's (MAS) investor alert list and Malaysia's Securities Commission alert list.

On 3 February 2009, investigation by the Commercial Affairs Department (“CAD”) of the Singapore Police Force was concluded that Sunshine Empire generated a revenue of almost $200,000,000 in just over a year.
Jackie Hoo Choon Cheat, a director of Sunshine Empire, and James Phang Wah each faced a charge of fraudulent trading under Section 340 of the Companies Act, a charge of failure to maintain proper accounting records of Sunshine Empire under Section 199 of the Companies Act and eight charges of criminal breach of trust as an agent of Sunshine Empire under Section 409 of the Penal Code.
Phang also faced six charges of falsification of Sunshine Empire’s accounts under Section 477A of the Penal Code and one charge of false declaration of the share capital of Empire Communications Technology Pte Ltd under Section 401 (2A) (b) of the Companies Act. In addition to the Penal Code and Companies Act charges, Phang faced three charges for possession of uncensored and obscene films under the Films Act. He is the shadow director of the ponzi scam empire which had cheated more than 20,000 Singaporeans (mostly teenagers) and rewards top scammers with luxury cars.
Neo Kuon Huay, a director of Empire Emall (S) Pte Ltd and wife of Phang, faced six charges of falsification of Sunshine Empire’s accounts under Section 477A of the Penal Code and one charge of false declaration of the share capital of Empire Emall (S) Pte Ltd under Section 401 (2A) (b) of the Companies Act.
Yong Wai Hong, a director of Empire Communications Technology Pte Ltd and various companies, faced six charges of false declaration of the share capital of various companies under Section 401 (2A) (b) of the Companies Act.
Mr Subhas Anandan represented all four as they claimed trial. Neo, Hoo and Yong were offered $600k bail each and their passport impounded.
Three of the accused, apart from Yong, were arrested on the afternoon of 2 February 2009 and spent that night in remand. Yong was on police bail then. They were subsequently released on bail and were driven away in a convoy of Mercedes-Benzes and BMWs.
Phang was addressed as '老大Lao Da' ('chief' in Mandarin) as he got into his car.

The trial begun at the Subordinate Court on 29 March 2010. On 16 July 2010, Phang and Hoo were found guilty of perpetuating fraud, criminal breach of trust and falsifying accounts.
On 30 July 2010, Phang was sentenced to nine years jail and fined $60,000; his wife, Neo Kuon Huay, was found guilty of falsifying payment vouchers, was fined $60,000; former company director, Hoo was sentenced to seven years jail.

A public doubt has raised if based on the findings by CAD, "Was this scam originate invented by Hongkish ?"
{On 8 October 2008, 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.
On 24 October 2008, it was reported that James Phang Wah does not own Sunshine Empire but just a charismatic adviser to SunShine.}

While in Malaysia, the 'one' been charged was a company itself - Sunshine Empire Sdn. Bhd; but NOT the owner/director of the company?!!!
The company was operating its unlawful business in two adresses. One located at Emper Menara Uncang Emas, Jalan Loke Yew, Kuala Lumpur within the period of 14 July - 17 October, 2006 (three months only); another located at Bangunan KUB.com, Jalan Yap Kwan Seng, Kuala Lumpur wihtin the period of 18 October, 2006 - 4 April, 2008.
The company plead guilty of collecting money without license. The company was represented by director, Mohd. Azlan Azman (a puppet?/scapecoat?), fined (ONLY) RM2m? for two charges.

It was believed that this company had rolled away RM100,000,000.00 (a very conservative estimation) but [the company] (and NOT the person) only fined RM2millions !!

Would this be a deviant perception of encouragement for foreigner (or even local) to planting more scams in this country instead of neighbour country ? !!!

- (mirror version) - WHERE IS THE authority? !! (Part 1 of Rampant Lawless Series)

(this is a mirror version, original post at here)
http://jp3rdparty.blogspot.com/2011/08/where-is-authority-part-1-of-rampant_27.html

Scam Series: The Ponzi Scheme
by JP

There are a lot of scams and money-cheating activities around.

From the paper-based, the [Scratch-n-Win], lucky draw scam, lottery scam etc. to solid items - property transaction, house and car buying or selling, office renting, land swooping etc.

From well-plotted gambling table to well organised pyramid scheme.

With highly advancing and global integrated technology development nowadays, besides the common unsolicited emails sent to our mailbox, we might still be cheated off a penny of twos by those annoying mobile phone SMS !!

Most of the time, we might have just 'chosen' the way of [keep quiet] if we got cheated (unless the figure is considered 'big' to us, or if we felt hurt or sad with that).

Well, let me bring a series of rampant scams happening everywhere; then you re-choose your choice of decision IF it happens to you again.

[The Ponzi Scheme (A Pyramid System)]

The Ponzi scheme is a pyramid system with cheating off money from investors.

The scheme is named after Charles Ponzi who became notorious for using the technique in early 1920. Ponzi did not invent the scheme (for example Charles Dickens' 1857 novel Little Dorrit described such a scheme decades before Ponzi was born), but his operation took in so much money that it was the first to become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to support payments to earlier investors and well-riching himself.

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the syndicate, but from their own money or money paid by subsequent investors.

The Ponzi scheme usually entices new investors by offering returns (dividends) other investments cannot guarantee, in the form of short-term returns (dividends) that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme practises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

Generally the investor would be so happy with the high dividends that they would not complain. The authorities would therefore remain ignorant (or corrupted) of the operations of the scheme. Besides if exposed and forced to stop the investors would lose all the money they had invested.

The system is destined to collapse if there happens lesser 'fresh' investments than the dividends paying-off. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or eyed. At most of the times, some corrupted authorities work with the scheme organiser to seize the operation pretendedly once the system hit its 'bottle-neck' where insufficient 'fresh' investment pumping in to cope up with the dividends paying-off.

Nevertheless the so-called dividends would contribute to the per capita and GDP of the country. And the magnitude bunch of the 'black-money' scammed by the organiser would contribute to those corrupted authority's earnings as well!!