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Malaysia SC to Block Illegal Investment Schemes
MiscellaneousTags: Malaysia Security Commissions, SwissCash.
An official press release from Malaysia Security Commissions on blocking illegal investment scheme sites starting on the 11th of June 07. End of Swisscash? lol.
But you know none of such blocking can completely stop every Malaysians from still accessing and investing in illegal investment schemes though.
The Securities Commission (SC) today announced that it will be embarking on an exercise to block access to websites offering illegal investment schemes to the Malaysian public. This exercise will begin on 11 June 2007.
All existing investors to such schemes via the Internet are urged to withdraw their investments and terminate their accounts immediately. Investors will not be able to enter their accounts once access to the websites are blocked.
The SC is joining forces with the Malaysian Communications and Multimedia Commission (MCMC) and CyberSecurity Malaysia to track, identify and block access to local and foreign websites promoting investment scams.
This latest measure by the SC follows a series of repeated warnings and investor alerts on illegal investment schemes. The SC has set up an internal taskforce and embarked on a comprehensive investor awareness campaign on internet investment scams. Despite repeated warnings, there are still people who continue to invest in these illegal investment schemes. Between April and May 2007, the SC has received around 720 enquiries and complaints relating to illegal internet investment schemes with some members of the public indicating that they have lost huge sums of money.
Illegal investment schemes promoted on the Internet are not licensed by the SC to provide investment advice that is related to securities or futures activities or carry out fund management activities in Malaysia . Members of the public are reminded that they should only invest with parties licensed by the SC to be accorded the protection provided under the securities laws.
Lists of companies and individuals licensed by the SC to engage in investment activity are available at www.sc.com.my . The SC website also provides a periodically-updated list of known companies and websites which are not authorised nor approved under the securities laws to deal in securities, provide investment advice and/or fund management services related to securities or futures. Investors are advised to check with the lists before investing with any parties.
Popularity: 5% [?]
The terrestial governments can’t control the web.
Of course not
And they can use proxies to enter these investment programs if Malaysian government try to block the access to these websites
The government may hunt proxies down and shut them down as well tough. However it takes a while to shut down the thousands of proxies that are available on the net. By the time they are all shut down, swishcash will be long gone and burried anyways
Well I use swishcash here as example because I think they are the reason the government decides to start blocking sites in the first place.
Even if 3/4’s of the world gets devastated by a meteor storm the net would still function… ok artistic license… to a point. So, how the heck can Big Brother tell folks how to not entertain themselves. They can only talk the talk make examples with a few and thats about it.
The good thing about the web is that it is a strong democratizing force with free flow information. Sure, this has its bad points (there’s good and bad in everything) but the world is better of for it.
Put that in your pipe Big Brother and smoke it !
I’m simply amazed on the negative attention SwissCash are able to attract. I have myself invested, but not more than I can afford to lose. And as far as I know, SwissCash is one of the few companies that over time have been able to deliver as promised. That itself is no proof of legitimacy or guarantee for future continuance, but I think it counts for something…
There are countless scams over the internet, so many that it’s difficult even for experienced investors to tell the difference. And I do believe that many of the few companies that provide real opportunities will for sure be unjustly shut down in this witch-hunt. How is “The Securities Commission” going to identify the scams from the real opportunities? Even though 90% or more might be scams, what about the 10% or so that represent good opportunities for people in need of improving their financial situation?
Hey Audun,
You are right, what gives the government the right to aggressivily shut sites down that are paying us for over 2 years? We all know swishcash is a scam but at least they are not “a one night stand” as so many other sites.
I guess the governments simply dont like us little fishes to earn more than we are supposed to. Especially when they got no piece of the cake.
I wonder why do they need to shut down all? Why cant they just shut down those which are proven to be a scam site or act on complaints for those who have been scammed? If they think this the right way to save people from falling victims to scammers, why do the blocking in a flash? It would be a good suggestion if they just give a time frame like for example may be give until end of December 2007. At least, those who have invested in a real paying site will be able to get back some of their investment. Dont you think it make sense, everyone? We dont have the “freedom” to spend our own money and it is just pathetic.
Malaysia attempt blocking Swisscash website have affected Brunei as well. I mean even here in Brunei I cannot login to my Swisscash account as usual lately since the blocking exercise..
The Swisscash website sometimes keep on displaying odd login page. What the hell. What do you feel if yourself doing the right things managing our own finance and helping other people investing for their own good in a secure way like Swisscash, suddenly our investment income are blocked?
If this keep on happening, how should i explain to people who already invested under Swisscash 2 years ago, as this is not Swisscash fault but the Malaysian Government fault blocking the website?
Well, I’m really impressed… Even I can’t login now, and I’m trying from Brazil! I’m not sure what’s going on or when this will be taken care off, but I hope SwissCash are working on resolving the situation for all of us.
The interesting situation here is that The Securities Commission crusade to hunt down potential scam sites actually are robbing investors of access to their investment. One thin is trying to prevent people losing their hard earned money to false claims, which is an effort I support. Another thing is to “rob” all the people who have already invested, what about their money? I find the situation whole ridiculous and hope that all investors affected by these changes find a way to regain access to their investments. Good luck to all of us!!
A big thanks goes out to the The Securities Commission for using their “better judgment” and the intelligent way they have handled the situation!
If they have conclusive and documented proof that SwissCash is a scam, then please let us all know. I myself is more then open to the fact that SwissCash could in fact be a scam, but I have yet to see any direct evidence… I guess the principle of innocent until proven guilty no longer applies.
Regardless, I hope that the actions of The Securities Commission is not sufficient to rob us investors from the money we decided to invest with SwissCash. I was open to the eventuality that my money could be lost, but I did not expect it happen trough a so called “securities commission”. Is there something wrong with this picture?
hi friends… well its quite disspointed that malaysian government block access to swisscash. Anyway is there anyway we can access through mobile wap?
Isn’t the blocking of websites in violation of the MSC Bill of Guarantees that there will be no censorship of the internet?
How to bypass “blocked website”?
Surely, there some “high tech” geek out there can do it.
Anyway, I myself will try and find a way.
This is a democratic country and it will stay that way.
When is it that “somebody” decide what is bad and what is good for “oneself”.
It not about the system… it is about “the FREEDOM TO CHOSE AND DECIDE”.
We will find a way to overcome this… when there is a will, there will always be a way… just be patient…
And for those… “Bad Hearted” white collar people that intend to “blocked our freedom”… just one wish…
May they all “rott in HELL”…
Hi!
I agree! There’s always a solution! And thanks allot to my very helpful and resourceful upline!!!
Here’s the advice I got from them, although not sanctioned by SwissCash I found it too relevant as a temporary solution to keep to myself:
Go to www.download.com and search for a program called “Freegate 6.33″. Install it (if your computer meets the system requirements), run it, and then try to login and see if that will do the trick:)
Good luck to you all!
*english only* - Jude
*english only* - Jude
English please. I will report this to Jude when he comes online. None english posts will be deleted without exceptions.
swisscash n swissmutualfund is not a SCAM,it,s areal n genuine investment.Malaysia government didn,t want the publics to earn moneys without the government taxs,this is the reasons why the securities of commission is blocking the swisscash.The commonwealth of dominica is a real offshore investment for millionaire peoples n division projects.This is just the political issues from the malaysia government.
Hello,to every swisscash n swissmutualfund investors please beaware that the comments from the securities of commission n bank of malaysia that there accused swisscash is a SCAM,it is not a truth comments.The reason there pointed swisscash is no licensed because of political issues regarding about no government income taxs due to the investment is not go through their government taxs.So why should you believed the comments from the issues of the malaysia government,cause their country is always dealings with political issues.Swisscash is to give chances to all the investors to gaining their financial freedoms.So don,t worry all your swisscash account is still running on n swisscash never intends to blocked your investment,the responsible who is blocking the swisscash login is the government of malaysia.To all swisscash investors please keep in touch with thw swsscash n i advice u all to make a complaint to swissmutualfund.ThanksYou.
Hi Audun!
Seems like you also cannot login from Brazil.. how about other country?? Is it facing a same thing? I’d try to login using proxy setting, look like same problem and same error displayed. Hopefully, SwissCash will not blocking their facillities to their investor.
I am an recent investor with Swisscash and received my payment on 14th June 2007 and like everyone can’t access the website. The Security Commission did not specifically state that the website has been blocked but gave the names of 6 other sites identified as scams which were blocked.Swisscash has instate temporally denied access to all Malaysians for the time being as things are soughted out. Below is an extract from silapbesar.com
Jun 15
SWISSCASH LATEST UPDATES : NO MORE MALAYSIANS
Uncategorized No Comments »
Dear Valued Investors,
The management has decided with immediate effect not to allow any new Malaysian Investors to sign up or accept any new investments from current Malaysian investors in SwissCash Financial Platform.
This painful and shameful decision is made after taking considerations from legal, administrative and SwissCash’s global business image perspective. The local government and mass media have been painting a very bad image and continuously publish malicious information on SwissCash and Swiss Mutual Fund in the past few months. A wrong comparison between SwissCash with many of the Malaysian local SCAMS and HYIP companies is totally not acceptable. Access to SwissCash Financial platform has been denied in the most recent round of actions.
We are currently monitoring and working to change the situation and once we have rectified some of the pending issues, we will re-consider this decision.
Thank you for your attention.
Compliance Team
SwissCash International
Lesson learned here…
1) Foreign investors can invest in Malaya…
Rules and Regulations must change from time to time to complecent the “Administrative in Power”…
2) Normal Local “Street-Person” “denial-access” to invest in Foreign Investment Scheme (via Internet)…
3) No Problem for “Big-Guns” Biz Malayan People to Invest in Foreign Investment because these people have tons of Money in the first place (I wonder where all those GLC’s get their money in the first place… TNB, TM, Proton, etc. to name a few… ooopss… my mistake… maybe from all of us…)
4) We are a bunch of Malayan citizen that will always abide to rules and regulations thrown to us by a bunch of “Administrative Power” that we ourself put them in “Power” on the first place…
5) Malayan’s cannot decide or choose… because “Directive Order” is set from time to time and we should just abide and follow… no question asked… don’t THINK… just be a good citizen and abide…
6) The Malayan Media (News, TV and Radio) influence our daily mindset… in other word… me Malayan’s must “think” as a “malayan” and not as a “person” or “a human being”… with own GOD willing self-thought…
7) Knowlegde in Malaya is for Malayan’s only… but knowledge from other Foreign Country is “bad influence” to us… and might jeopardise the way “Normal Malayan’s way of thinking”…
Lastly… like the “Pak Pandir Song”… Ada Mata Lihat, Ada Telinga Dengar, Ada Mulut Diam… Ada Kaki Bentak…
(translation)
Have Eyes and See, Have Ears and Hear, Have Mouth and Shut-Up… Have Legs and Stump… (bad translation)
To all Malayan’s that have lost their “Monies” in these HYIP’s Investment Scheme… I felt sorry for their loses… but… maybe… all these people doesn’t care and bother to read the “TERMS & CONDITIONS” during signing-up… and it’s oneself FAULT and IGNORANCE…
Do your “due-diligence” before Investing in any Investment HYIP and SCAMS…but… if “True” Investment Scheme that pays and being “BLOCKED”… that is a different story…
“MALAYA BOLEH!”
my 2 cents…
Comment deleted, because it was not in English.
www.francswiss is illegal or legal?
Malaysia goverment only like to see people at side road sell banana fried or sweet cane or pop corn,
They don’t like people have a lot of money
Logging on to Swisscash.net and sip25.com in Jamaica is fine. I am a new investor(1 day). Our local media has publishing news of the block in Malayasia which is generating alot of publicity for Swisscash. Is this good or bad? we have to wait and see.
I don’t see anything good coming out of this kind of publicity Mike.
I beg to differ. I have person contacting me in jamaica and usa asking how the can get involved. based on the amount of people involved in swisscash here in jamaica we have a direct link to a different bank than the one linked to the chinese gateway link on the website. this allows our wired funds to reach the account faster. Swiss cash has so many global investors that even the little 100usd investments clog up the system and take long to process.
Hi mike
Do U know which Bank Jamaican can use for direct purchase?
Cheers!
yes…I do the wire transfers myself for persons who use my referral id here in jamaica.
Hi! I have problem here… I am malaysian and I had invested USD1000 in swishcash. But now i can’t access the page which allow me transfer back my money or cancel my account. Any one have the solution for this? Please…
For Malaysian investor, please be patient. We will wait and see until 1st October 2007. Hope that SwissCash will enable back the transaction page for us (Malaysian).
Anyone know??? what is the ACF and EMF value now?
wwwonline-capitalcom/content/quicksilverinvestment
Hi FroZen!
I was going to login to find the values for you, but the SwissCash site seems to be down (and has been so far a few hours). At least I cannot login here from Brazil at the moment…
Since swisscash is giving alot of access problems, let’s go to a new kid-on-the-block, www.megaeforex.com
Sorry to say that for the present moment, Malaysians are not allowed into this scheme. Fortunately I am from Singapore and my govt do not meddle in this. Whatever we do is our own business! You can call me at 65-98433134 for more info.
Hi again FroZen!
Finally got to login again!
Here are the values you requested:
EMF: 2.49/2.42 0.01
ACF: 2.08/2.04 0.04
WoW! Amazing…. thanks Audun…. Thank you very much….
I believe Malaysians working in Singapore with bank account in Singapore can sign up. Send email to me at megaeforex@yahoo.com.sg
I want know about megaeforex, I live in south korea.
http://www.bernama.com.my/bernama/v3/news_business.php?id=287287
Looks like the net around swishcash is finally closing.
swisscash is back :
www.swisscash25.org
Plse check and inform back.
TQ
Makila,
U think swisscash is closing ? i don’t think so !
it’s because u only talk big !
Hi! Noninago and Victory
How is going your business with Megaeforex recently?
Still going good or going down? Would you send some information regardidng Megaeforex? I am interesed in investing that company aboout $5000. so, please send some info. to my e-mail w636200@naver,com. Thank you
Hi All…..
When i read your comment about Swisscash i would like to give my oppinion…..
may be our money the malaysia gov use that money to take our ANGKASAWAN TO ISS………… may be….
Why Swisscash they blocked? not othersssssss like bullshit they still open the server.
where is com. security functionsssssssssss…… lastly they FAMOUS REASON ” WE NOT RECIEVE THE REPORT”
ALL Investor we boicot malaysian product…..
All… why not you all join this totally true business. Just stay at home and make money silently.
Trust me…