Repost: Sunshine Empire
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"another" empire gg down...
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u might wanna know CAD at times do request MDA to block access to scam websitesOriginally posted by kyoshirou77:All their associates merchant sites are down too.....
that include their brainwash center www.trizzard.com -
Like the NKF, it took a reporter to expose these scammer, is there something wrong with our legal system. I am sure that there are many complains before the reporter started working on it .. why need a whole sensation from the newspaper before the police take action .. ???Originally posted by Felt Cheated By NTI:This guy is asking some quality questions. Please take a look. Its from the ST Forum.
http://www.straitstimes.com/ST+Forum/Online+Story/STIStory_170722.html
ConcernInvestor
November 03, 2007 Saturday, 06:55 AM
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Hi Im new here. Just to ask, is the reporter reading this forum? If yes, thats good.
Here are some questions,
1) How can the government didnt take any action on this company (Sunshine Empire)?
2) If this type of company still carry on to collect money to invest in their whatever investment and pay such a high returns, then why the people in singapore still investing with the banks?
3) So does it means that this company (Sunshine Empire) is better than our Temasek Holdings? In terms of return?
4) Dont the government feel that this company is affecting the whole financial industry in singapore?
5) Does the police know that this company (Empire Group Alliance) is belonged to the ex-NOP boss James Phang who actually collected millions of dollars using Magic Kingdom project in the year 2002 and ALL the investors' money were gone at that time?
Hope the reporter can continue using media to bring this company down because its a threat to our people.
Thank You. -
I fully agree - blatant scams like Sunshine should be exposed and suspended way before they can rake in their millions.
What is going to happen is that they will close and they will blame the media for bringing them down, and to all the aunties, uncles and retirees - "too bad, who ask the media go and jeopardize our image? our father tried very hard to build up SE for you all and he is now the worst of the lot! You think you lose a lot? He lost much much much more! Few hundred millions!"
Then james phang will split the money with some of his kar-kia, leave the rest for himself and happily retire with the biggest scam success of his life.
If they hold him accountable, he will turn around and SUE Sunshine (which incidentally happens to be jackie hoo hoo hoo's company as he is the APA plesident) since he is not a director nor shareholder.
Only difference between this and the Magic Kingdom scam last time is that with the money he's gotten, he won't have to do a scam for a long long time.
If you think about it he will actually be happy SE brought down so he can do damage control and shirk responsibility - it might be his goal in the first place.
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In today ST,
The SE Spokesman Kegan Lee said, "So far we had no refund request." and the president JH request CAD to probe them in order to clarify the mist ~
btw, under such condition who wanted a refund?
SE Agent offered 2 solutions for refunding.
1. wait 21 days and then pay administrative fee in order to get refund. (5% total investment + 40USD)
2. inmediate refund if can find *con* a new member to join ~
for 1st one, you lose quite a sum $$ and for 2nd, u still want to con a friend to join when u know something is going wrong?
that funny ~ -
Got also cannot mah ... I posted about my friend trying to get refund and got none ... ( they made it so difficult ) ... here they still dare to ask existing member to bring in new member to take over ... really no shame ... . . .Originally posted by kyoshirou77:In today ST,
The SE Spokesman Kegan Lee said, "So far we had no refund request." and the president JH request CAD to probe them in order to clarify the mist ~
btw, under such condition who wanted a refund?
SE Agent offered 2 solutions for refunding.
1. wait 21 days and then pay administrative fee in order to get refund. (5% total investment + 40USD)
2. inmediate refund if can find *con* a new member to join ~
for 1st one, you lose quite a sum $$ and for 2nd, u still want to con a friend to join when u know something is going wrong?
that funny ~ -
They need to sustain the base mah ...Originally posted by ORIGAMIST:Got also cannot mah ... I posted about my friend trying to get refund and got none ... ( they made it so difficult ) ... here they still dare to ask existing member to bring in new member to take over ... really no shame ... . . .
If all withdraw and there is no new members to make up the number , how is JP and his cronies gonna get paid ? 
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asked your friend call up CAD?Originally posted by ORIGAMIST:Got also cannot mah ... I posted about my friend trying to get refund and got none ... ( they made it so difficult ) ... here they still dare to ask existing member to bring in new member to take over ... really no shame ... . . .
unless stated in the signed form T&C, else how to impose such policies?
does it pasted in front on SE Building Wall?
Like those pasted on some shop and receipt , "once sold no refund". this is still "OK"
the SE one seem more like a desperate measure ~ -
Did you convey this to ST?Originally posted by kyoshirou77:In today ST,
The SE Spokesman Kegan Lee said, "So far we had no refund request." and the president JH request CAD to probe them in order to clarify the mist ~
btw, under such condition who wanted a refund?
SE Agent offered 2 solutions for refunding.
1. wait 21 days and then pay administrative fee in order to get refund. (5% total investment + 40USD)
2. inmediate refund if can find *con* a new member to join ~
for 1st one, you lose quite a sum $$ and for 2nd, u still want to con a friend to join when u know something is going wrong?
that funny ~ -
wahahaa welcome to SUNSET EMPIRE lol anyway the forum trizzard is really
down becuz i cant access it from aussie as well. anyway i gonna call up my
fren and ask him how hes doing in SE(SS) hehe juz for fun. Durai from NKF
didnt get a hefty terms because he is working in the government sector mah.
however, if you were from private de, cfm gg de. or maybe the judge give
chance leh?? anyway for JP, the msg by him is very.......crappy. the statement
he issue contridict with all presentation and statements.
6. Mr James Phang is the International President of and adviser to Sunshine
Empire, but nor a director or shareholder. In his personal capacity, he is a
consultant of adviser to several companies other than Sunshine Empire.
He know the scam going to burst soon so now, he is covering his own arse. For SE agents, pls read carefully.
7. Sunshine Empire has been operating successfully, providing real tangible
products on an Internet-based trading platform that yield healthy profit for its
merchants. It is not a fraudulent scheme. If it had been, it would not be
operating today.
This is BULLS..... SCAM will operate as long as they are not exposed. SE only
been operating for 1 year. They make use of our government "so called"
super efficient for catching thieves.
anyway, i too lazy to criticise the statement becuz by now, you know
everything been come to light liao. btw for those defending SE or other bogus
MLM, when asked to proof, pls do not avoid question and start flamming ppl.
our poor lau, always kana bombed de. redstone so lucky, didnt get bombed.
haiz, anyway hope this will be an expensive lesson for the youngster like me in SE and hope the aunty uncles in there, with their hard earned money, haiz.....can recover. maybe we join forces and start a vandetta hehe
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1st part was from today ST.Originally posted by Rigante:Did you convey this to ST?
2nd part for refunding already posted on Sin Ming Wan Bao, yesterday -
Hahaha!
The "empire state tower" thingy. First this blog
http://www.success-empire.com/EmpPropV.html
says it's located at Jalan Rajah Chulan.
Then this website says its at Jalan Tun Razak.
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EMPIRE MAGIC KINGDOM
During the International LionÂ’s RallyÂ’s Dinner, EGA International President, Mr. James Phang announced a new island project under Empire Property Venture, which signed contract with Malaysia Government to build Semporna, Sabah into 200 hectares International tourist island. Some of the facilities include: floating resort, underwater resort, and underwater restaurant.
This is multi million project partly fund by Malaysia Government and Empire Group Alliance.
http://www.success-empire.com/EmpPropV.html
Hmmm, why SEA never take down this website?
Downloading all these for future evidence, if SE Fold ~
Hmm, they think take down the HOME PAGE is down, haiz the rest of pages still there.
Even taking the blogs and website, using google cache still can view it -
Posted by: 5# James phang our father
Posted October 20th, 2007 @ 12:54 am | Permalink
Go attend more james phang seminar
Then u know who our father is
If u join and warn the public about our scam, how on earth are u and I going to get our money back
My advice to u, is pls recruit more people b4 u lose yr capital.
Unlike u I have already got my capital back.
Ironically, if sunshine empire collapse today, u suffer more than me.
There is enough bad press about our, pls be objective.
Once u join us, pls dont sabo us.
I have recouped my capital, but there are those who have not
So pls dont anyhow sabo the company.
If u got nothing good to say about us, just shut up and leave us alone.
Hope u get the light and without recruitment, how long u think the scam will last.
There is no business cycle cause there is no business.
I have been in the money game for yrs.
Heard of swiss cash?
Spotted at:
http://www.firstmillionchallenge.com/sunshine-empire-too-good-to-be-true/ -
just saw this, this morning
MLM FIRM INVESTIGATED
'Man in black' guards office door
Toa Payoh office closed, visitors refused entry, people inside seen packing
http://newpaper.asia1.com.sg/news/story/0,4136,147782,00.html -
If you have 20,000members (just using local statistics) taking 1200 a month - that means $24million a month is being paid out to you guys form the company.
Do you really believe that your emall platform can have sales of $24million X 10 = $240million a month? (Since its 10% of total global turnover)
Your turn over is quite close to the turnover at the neighbourhood NTUC, SHop and SAve is doing in half a month you know. Do you personally go up there and spend actively everyday? or you truly believe pple from SE go on line like crazy to buy lingerie,psp etc.. everyday?
Even if all your 20,000 singaporean members go buy a PSP each at $500, it only equals to 10million in turn over.
Which idiot will go emall to buy tons of Amway or another MLM products? You as well go join Amway instead of SE since you already have staff discount if you are from Amway. How much discount can you REALLY REALLY Save? 50%?
IF really so that all your 20,000 members go up and buy Amyway shampoo, detergents,vitamins bla bla bla, per member need to spend $10,000 every month in buying all this nonsense which you can buy MUCH MUCH cheaper at your nearest NTUC, watson, guardian to clock in $200million turn over. You think that makes sense?
SE members that i know, first thing they do when they get back capital is buy car. Not go emall buy things. Is there any cars that you sell online also?
Your emall only accessible to 20,000 members. You want to have a sales turn over of $240million every month, each person would need to spend $12,000 a month on shopping lo.. do you do that?
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Merchants have MORE SAY than SE in posting their products onto the EMALL. Without the merchants, EMALL is NOTHING. Therefore SE should be giving incentive for pple to come and sell things here than asking someone to pay a high premium price to set their stalls on the emall.
Do you know why u find other MLM products there? cos they are not popular to the mass audience and are only meant for MLM lovers! therefore it can only be sold via more non-popular media like your EMaLL which obviously reached out to MLM lovers like YOU!. Today if i want to sell something, why dont i place it at NTUC, watson, Giant, Harvey Norman etc.. why put in some pitiful emall with only 20,000 members when i have another 3.8million population out there that will buy from the bigger stalls? Therefore only the 'cannot make it' merchants will list their products there and pay SE a premium to help them sell.
think about it in the business angle. You will see.
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SO do you still really believe that the merchants pay a high premium to sell things on your Emall like what JP and ya directors claim? How much premium you want to pay for an online store? 100k rental a month? thats the same price as a big store in takashimaya. If you are the merchant, which one makes more sense to you?
Without merchants, Emall is nothing. so who depends on who? Without the emall from SE, the merchants have thousands of other alternatives out there. you think about it.
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Now to give you guys some figures to digest about the property business that makes you guys believe that SE is for real:
The 1000 lots apartments SE sold in malaysia were priced at 70kRM - 250kRM each (35kSGD - 125kSGD)..
Assume average out at 80kSGD each - 1000units X 80k = $80milionSGD - ASSUME that JP got a super good deal and built the whole entire apartment FOR FREE. AND 80million is all in as PURE PROFIT with ZERO Construction cost. AND i am also assuming that SE in Toa Payoh or Malaysia has workers and Big Cranes hiding behind the counters to build the apartments as such that they NO NEED TO SHARE PROFIT with another construction firm.
SE claims to have 50,000 or more members worldwide - so assuming that take out all the money and split, 80million divided over 50k pple, each member will get $1,600, thats only enough for 1.4 months of payment if you do your maths. Even if you work with 20k members, its only enough to pay up to 4 months. And SE doesnt go round building apartments and selling them off every month. And I am still assuming that the 80million is ALL PURE PROFIT with ZERO cost for constructing the apartment.
The rest of the property projects like the villa in malacca, water resort projects etc.. are all in the bidding stages OR in the very beginning of land selection (according to media report). Another words ZERO income.
So what kinda of business model are we talking about here?
Is there anything else that SE does or Emcom have that we do not know?
That's what CAD will find out for us.
Spotted at OhGenki -
Argh that is from Brains.
he had been doing reverse engineering on SE revenue, till all those SEA can only resort to flaming him lol ~ -
Cached Sunshine Blog
Hmmm they are going into Green Fuel and Power Energies Industries too.........Now its even creep me more like ENRON.
haiz............. -
I LOVE analytical brains like him!!!!Originally posted by kyoshirou77:Argh that is from Brains.
he had been doing reverse engineering on SE revenue, till all those SEA can only resort to flaming him lol ~
I admit I can't dissect financial claims. -
Brains Got Flamed Here Even More SeveredOriginally posted by redstone:I LOVE analytical brains like him!!!!
I admit I can't dissect financial claims.
Oh yea, really respect all his analytical views ~ [/url] -
Seriously, that's super freaky, for a few mths old company trying (or claiming) to go into so many fields. Where's the focus?Originally posted by kyoshirou77:Cached Sunshine Blog
Hmmm they are going into Green Fuel and Power Energies Industries too.........Now its even creep me more like ENRON.
haiz.............
Even people like Genting, Berkshire Hathaway, Acelor Mittal, Hutchison Whampoa, Microsoft, etc grow their businesses slowly over the decades. Going iinto each industry slowly. It's like war. When u grow your empire (no pun intended) too fast, too big, it woul surely collapse, especially when people are going against you.
Most important in business, is respect, good image, ETHICS, sound principles and plans, good management, CLEAR BUSINESS PLAN, transparency, etc. -
Sunshine says it welcomes CAD probe
It is confident that it will be cleared of any suspicion, it says
Straits Times, The (Singapore)
Money, Pg H22
November 15, 2007
Author: Lorna Tan, Finance Correspondent
MULTI-LEVEL marketing (MLM) firm Sunshine Empire has welcomed a Commercial Affairs Department (CAD) investigation into its activities and says it is confident it will be found 'clear of suspicion'.
Sunshine spokesman Kegan Lee said in a statement: 'We are indeed glad to hear that the CAD has begun investigation into this matter.
'We have, in fact, written to the CAD to ask them to investigate this very matter, so that it may be put to rest and we can set the record straight.'
Sunshine's president (Asia Pacific), Mr Jackie Hoo, wrote to the CAD on Nov 6, asking it to clarify if the controversial firm was under investigation.
He also said company executives 'would be most happy' to meet CAD officers to explain its business activities 'in order to clear any misunderstandings or misconceptions'.
The CAD announced on Tuesday that it had started an investigation but did not specify when it began.
The Straits Times cited sources on Oct 24 who said Sunshine was under CAD investigation.
The firm has been on the Monetary Authority of Singapore's investor alert list since September.
It has attracted attention as its selling activities appear more like those of a pure investment scheme, for which it is not licensed.
The firm invites people to become 'merchants' of online goods, ranging from health supplements to electronics goods.
But concerns centre on the fact that participants can potentially pocket big 'rebates' without ever buying or selling these goods.
On Tuesday, the CAD advised people who have placed money with Sunshine to wait for further updates from the department.
It also said that it may ask those who have placed money in Sunshine to help with the investigation.
The Consumers Association of Singapore has advised Sunshine members to pull out their cash if they are worried about the CAD probe.
Mr Lee told The Straits Times that there have been no requests for refunds from participants.
Some Sunshine participants said they will adopt a wait-and-see attitude before deciding what to do.
MLM firms, which are legal in Singapore, typically invite people to pay cash for the right to market goods to other people.
[email protected]
Copyright, 2007, Singapore Press Holdings Limited -
The Electric New Paper :
MLM FIRM INVESTIGATED
'Man in black' guards office door
Toa Payoh office closed, visitors refused entry, people inside seen packing
SORRY we are closed. Come back at 7pm or the next day.
By Hedy Khoo
15 November 2007
SORRY we are closed. Come back at 7pm or the next day.
This was what visitors to Sunshine Empire's office were told yesterday.
Inside, people could be seen packing and sealing boxes.
Yesterday, police announced that the Commercial Affairs Department (CAD) is investigating the multi-level marketing (MLM) firm, which is located in Toa Payoh HDB Hub.
CAD might also ask those who have placed money with the firm to help in investigations.
Sunshine Empire has reportedly attracted 20,000 people here since it was set up last July.
In September, the Monetary Authority of Singapore (MAS) placed the firm on its investor alert list. The list, which is updated regularly, warns people of unauthorised companies which may be offering products regulated by MAS.
A few months back, Malaysia's Securities Commission had also put the firm on its alert list.
When The New Paper visited Sunshine Empire's 7th-storey office yesterday, the glass doors to the back entrance were locked.
At the front entrance, the doors, though unlocked, were kept closed.
Several men in office attire were packing what appeared to be files and papers into boxes and sealing them.
At about 1pm, people who wanted to enter the office were turned away.
A middle-aged couple who tried to go in were told by a man in a black suit that the office was closed for the day.
He told them to return at 7pm or the next day.
When they asked for an explanation, he was overheard telling them that the management was helping with investigations. Later, he told them the management was helping with a survey.
Twenty minutes later, a group of four women turned up.
This time, two women in black suits told the visitors the office was closed, that all classes were cancelled for the day, and told them to return at 7pm.
When the visitors refused to leave and continued probing, one of the women in black answered her impatiently in Mandarin: 'The office is closed. Nobody is here except some managers. You can come back at 7pm when we will open for business as usual.'
NO COMMENT
Half an hour later, the man in black who had been seen earlier returned to stand in front of the entrance.
When The New Paper approached him for an interview, he politely replied that he could not comment.
Multi-level marketing companies are legal here, and they usually invite people to pay cash for the right to market goods to other people, or they get cash for recruiting other marketers.
Sunshine Empire came under the spotlight when it also offered high profits without members having to buy or sell products. This makes its business model seem like a pure financial investment scheme.
Police advise those who have invested in the company to wait for further updates from CAD.
More information will be released in due course.
Copyright, 2007, Singapore Press Holdings Limited -
It's easy to start projects, hard to finish them.Originally posted by redstone:Seriously, that's super freaky, for a few mths old company trying (or claiming) to go into so many fields. Where's the focus?
Even people like Genting, Berkshire Hathaway, Acelor Mittal, Hutchison Whampoa, Microsoft, etc grow their businesses slowly over the decades. Going iinto each industry slowly. It's like war. When u grow your empire (no pun intended) too fast, too big, it woul surely collapse, especially when people are going against you.
Most important in business, is respect, good image, ETHICS, sound principles and plans, good management, CLEAR BUSINESS PLAN, transparency, etc.
Look at all the half finished buildings in malaysia. -
http://newpaper.asia1.com.sg/printfriendly/0,4139,146134,00.htmlhttp://newpaper.asia1.com.sg/printfriendly/0,4139,146134,00.html
Projects like those? Seems like they aren't real???
So many dubious characteristics.....
Pls make some sense...