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Swiss Cash Swindles 10 Million - Government Orders to Return to Malaysia
ScamsTags: Ponzi, Swiss Cash, Swiss Cash Scam, SwissCash.
Swiss Cash has swindled a cool 35 RM million dollars, that amounts to 10.2 Million USD. Thanks to makila for sharing.
Official source from Malaysian National News Agency
RM35 Mln Swisscash Monies Ordered To Be Returned To Malaysia
KUALA LUMPUR, Sept 27 (Bernama) — The Securities Commission (SC) has achieved a breakthrough in its civil enforcement case against the Swisscash Internet investment scheme when it secured a court order to direct one of the defendants, Amir Hassan, to transfer back to Malaysia all Swisscash monies held in bank accounts overseas within seven days.
About RM35 million is currently held in six bank accounts in Hong Kong and eight bank accounts in Singapore, the SC in a statement here today.
“As Swisscash is a worldwide scam that operates in the borderless Internet realm, the SC is working closely with regulators from seven other countries to combat these illegal activities,” the commission said.
“This cross-jurisdictional collaboration has led to the discovery of valuable information that has facilitated investigations,” it added.
Once transferred back to Malaysia, the monies will be subject to the worldwide Mareva freezing orders pending the outcome of civil proceedings filed by the SC earlier this year against Amir Hassan, Albert Lee Kee Sien, Kelvin Choo Mun Hoe, Dynamic Revolution Sdn Bhd, Swiss Mutual Fund (1948) SA, SMF International Ltd and SMF (1948) International Ltd.
“This achievement in SC’s civil proceedings ensures that Swisscash monies are held safely, and within the jurisdiction of the Malaysian courts so they can be subject to any order made in the proceedings,” the commission said.
“Investors are again reminded that neither Swiss Mutual Fund nor Swisscash are licensed by the SC,” it said.
To date, the SC has blocked four websites related to Swisscas, namely www.swisscash.net, www.swisscash.biz, www.swissmutualfund.biz, and www.swisscashguide.com.
The commission said it would continue to take all measures to combat investment scams, including blocking access to more websites, and taking appropriate enforcement action against its operators and agents.
– BERNAMA
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Pls,We (myself and wife) got a loan from a uk bank to invest in Swisscash in JULY 2007 and
Swisscash website was blocked in AUGUST 2007. We left with nothing now and we are repaying the loan from our hard earned money now. Pls, for God sake, we want our money back or else, we are going to commit suicide and Swisscash will be responsible for this.
That we say, because some people are greedy, they take the lifes of their fellow human beings.
This is disturbing and alarming.
First off, getting a loan from bank to invest in HYIP is totally irresponsible. How could you try to gamble? Now not facing reality and wanting to commit suicide, you’re asking a scam to be responsible for you and your wife’s death?
Move on and start working to pay off your debt. Money shouldn’t be anyone’s reason to commit suicide.
I am very disgusted and sick what swisscash had done to us, victims why Gov’t allow greedy swindlers not block their schemes, scam or fraud, etc. Our God and His son will judge those people into lake of fire forever.
I learned my lesson never trust on internet!!!!
Hey buddy listen, please don’t commit sucide. Why should u sacrifice your life over money? You are bigger then any amount of money, I too lost money through Swiss Cash, and one day the people behind this whole scam will pay the price severly but for now u need to be strong and keep moving forward with your wife.
Life is a gift my friend, it’s a gift from God, so enjoy it the best way u can and for as long as u can.