Beware of these Scam Companies in Malaysia


(Ukong) #1

Be aware…!

In addition to the recent highlight by the mass media, here is some good
compilation of suspicious business scams.

  1. The Cafe Scams - Island Red Cafe & Stevens Corner

(strange, both in Pandan Indah) - Island Red Cafe collects from members
RM6,000 each and promised 5% return every month and even give you a name in
the ROC as a shareholder but what’s the point when they run away? Stevens
Corner, the famous Indian coffee shop follows due to drop of business since
their renovation. They collect RM3,000 per member and promise return of
RM150 monthly and plans to open nine fanchisee cafe called StevensTeaGarden.
Someone mentioned they will make you sign an agreement that give them the
rights NOT to pay you anything in future. If you really wish to join, ask
for a copy of their agreement and consult your lawyer BEFORE paying them.
Bet you will NOT get a copy. Both collect monies from new members with MLM
recruitment schemes and pay the old members like Sunshine Empire. You never
know when they will run away.

  1. Sunshine Empire

This licensed and legal Company has an impressive office at the ground level
of KUB building along Jalan Yap Kwan Seng, near Menara Public Bank and
AmBank Building . They also have a showroom office at the ground level in
the next building. 3 or 4 months ago, Singapore 's Straits Times and The
Paper published big news reminding their people to be careful and NOT to
believe in them. Hope someone can put up the link or
google for it.(As expected, they STOPPED paying back members now and all
investors LOST their money).

Someone below has put a link to the Singapore news. In fact there’s more to
it. Although Singapore is investigating them, they did not stop their
business as the business is legal and, so far, no Singaporean have failed to
receive their commissions as promised. Thus, the government cannot stop them
yet. The news published that the founder, director and group president is
someone named James Phang but he is NOT the owner. Isn’t this quite strange
? At the end of the game, James Phang can just disappear from the company
easily and claimed that he was just “employed”. Such trick always happened
in scam businesses. Now, the Company has STOPPED paying commissions and
interests to members with the excuse that the Singapore government has
freezed their bank account while under investigation. Do you think their
boss will be so stupid to keep much monies in the bank to be freezed? They
are all transferred away. It’s just an excuses not to pay back to members
and members are only paid “e-bonus-points” which is cashless. If they wish
to convert to cash, they have to recruit new members to pay them cash and
the recruiter less out from the amount. So victims act like Vampires and
“forced” to victimise other victims if they wish to get their monies back.
And their victims will later transform to vampires and the scam carries on…

  1. MobilWallet

This Company owned by 2 young men, Stanley & Rey Gan, office in Queens
Avenue Park has collect multi-millions the last 2 years. Claimed that they
tied up with Telekoms, Utility Board payment like Water & Electricity bills,
even Maybank got fooled by them. Advertisement Billboards everywhere. They
STOPPED paying back their members few months ago and the members cannot do
anything because they were made to sign an agreement unaware that they have
no claim if the company stopped paying them by CHANGING terms and policies.

  1. Water Business - Oxygenated and Alkaline Water Products

Some of these are bottled water and some are filters or equipment that
claimed the trick…

One of the better known Company that sold “oxygen” water is SITO (supposed
to stand for Selangor International Trading Organiszation and claimed
Selangor State Government owned some share in it). The key person and
founder is a Dato Robert Ong from Rawang but his name is no longer in the
business now. Their products are sold for RM2 to RM3 for a 350ml bottle and
now concentrating mostly in the Indian market. Their Chinese and Malays
market are long gone since a year or 2 ago. Their customers are made to
believe that their water has more oxygen and able to give miraculous effects
for the body. Water is H2O, how to put more O into it ? Anyone knows how
much oxygen do we breathe into our body everyday at FOC ? Latest news is
that this SITO Company is going to create new label to market under a new
Company since the SITO name has already gone bad. Someone informed that this
Company is owing a lot of money (due to refunds) to ex-stockists but just
refuse to pay them. (Latest news, SITO shifted to another place and their
MLM business has closed but planning to start again with a different name,
beware!!)

Alkaline Products - Can anyone explain how it can work for the body ? The
stomach’s gastric liquid is so acidic that water of any pH that goes through
it will not make any difference.

  1. Car Fuel Booster - K-Link

K-Link, the famous scam MLM Company that sold the footpatch TAKARA, later
the “■■■■-ring” and energy-card launched the petrol-saving pills last year.
Got so hot that even grocery shops are selling for them… Recently many of
these cars that used the pills are rushing to the workshops to clean the
residual. Few months ago, another MLM Company launched a fuel booster
gadget, claimed that saves up to 20% fuel, that is attached to the cigarette
lighter. Started off well using binary plan but business begin to fade now
and most users find it NOT effective.

  1. Perfumery Products - was a member many years ago

(eg. Lampe Berger & Bel Air ) (more details later). Lampe Berger is not so
hot now in the neighbouring countries but there are still new victims every
month in Malaysia . Must thank those who have contributed and kept the
thread alive here in Kopitiam. Bel-Air have closed in Malaysia … LB is
almost zero in Singapore . This perfumery product from France with over 100
years history is just bottles and fragrance (check the factory’s website)
but the Company marketing them in Asia claimed “aromatheraphy” products.
Hong Kong TVB aired a program that exposed their scam but their members
claimed that HK’s TVB already apologised to them. Note that the biggest
strength in a MLM Scam is their members will go all way out to lie in order
to defend for their Company. The reason is simple; these members fear that
they will not be able to make their money back if the Company collapsed.
Knowing that the Lampe Berger products are moving slow, they add a line of
skincare products named Estebel, also claimed to have over 100 years history
in France. (Hardly any more Chinese newcomers, they are now tapping the
Malays in Malaysia .)

  1. Energy Products

(eg. stone pendants, bracelets, mattress and pillows). They use all sorts of
gimmicks and demonstration to make you into believing them. They will do
some tricks and demo to prove that these products really produce energy BUT
is there any tricks in their demo? So what if there really produce energy;
is it good or strong enough to help the body? The effect is actually PLACEBO
which I will elaborate in a new thread soon. (More details later.)

  1. Hi-Tech Products

Names like bio-tech, nano-tech that claimed millions of dollars of research
involved, eg Bio-Young and XKL few years ago. Most of these will claim a
professor behind them (even with name and picture of a person) or used words
like “U.S.A. formula”, “German Technology” or “Nanotechnology” and no
further details (more details later). If you ask for more details like the
professor or factory’s address, the answer will be “trade secrets”.

  1. Investment Schemes

SWISSCASH is the King of all. Swisscash is nearly over now but there are
many similar and smaller ones that are still on. (Now, it’s closed or
stopped paying back members.)

  1. GoldQuest

This Company that claimed to be HK-based started with some non-value
gold-plated coins that are sold for over RM2,000, have several names and
changed products several times. QuestVacation, QuestNet, etc. They have
several offices in Amcorp Mall, PJ and their key person (in fact, the
owner), a Malaysian Indian was arrested last year in Indonesia for having
involved in a very big Phillipines scam. Most of their overseas offices are
closed or inactive but their Malaysia business is still hot, with some
“energy” products. (Can someone please provide a link which showed the news
that their boss was involved in a big scam in Philippines and was arrested
in last year?)

  1. Numerogy & Fortune Telling

A Company named Visible is using MLM to sell fortune telling classes using
your birthday based on numerology fortune telling. Prpspects will be told
that they need to buy a certain “number” between 1 to 9 in the form of
pendants or bracelets made of stainless steel and sold from RM600 to
RM20,000. Customers, or rather victims, are mostly females from rural areas.
Very hot in Penang now and a number of spin-off Companies have started.

  1. MJ - Life

MJ-Life - This Company boost of a very big background with many many years
of history which is NOT true. Their people or associates may be long in
business but nothing to do with their MLM launched recently. Why do I
consider it a scam or bad? New members are told to pay a sum of money (up to
RM1000) and you get NOTHING for it. You only get a membership can entitle
you to enjoy all sorts of special price and discounts when you have medical
check-ups at their centres. They will claim all those check-ups cost more if
done elsewhere. It’s not true. Only the naive and those new to medical
check-ups will fall victims to them. Most members who paid the money ended
up with nothing.

  1. Seaweed Venture Scams

1 such Company is located in Taman Maluri, Cheras. They will ask you to
invest a few thousands ringgits for their venture of growing seaweeds in
East Malaysia and you are guaranteed returns. To gain your confidence
further, they will tell you your investment money is secured by “insurance”
or “unit trusts” & “trustees”. When you ask for further documents to prove,
they will give all sorts of excuses or just ignore you because they know
they cannot get you. These Seaweed scam is one of the hottest now, warn all
your friends about it before they are victimised.

  1. MXM (Previously MGM)

This is a master scam among the younger group, very successful 2 or 3 years
ago but since there moved to their big 10-storey office at Phileo Damansara
and changed name to MXM, their business dropped. They collect members
RM3,000 to RM4,000 with credit card monthly easy payment and in return you
get a hospital benefits insurance from Pacific Insurance worth only a few
hundred RMs together with some you-don’t-need medical check-ups from their
associate Company Pathlab. Also talk about fitness, lifestyles bullshit that
is all worthless.

  1. Gano Excel

This company from the north, a copycat of DXN selling Lingzhi capsules
created a new Company called Gano iTouch to cash-in on the internet like
e-Cosway after their Company went down the drain since the last 2 years,
selling Linzhi and some no-value energy pendants and alkaline water gadgets.
They provide free transport every weekend from KL to visit their Alor Star
office.

  1. NuLife (HK)

This Company started by some HK people has been in Malaysia for more than 10
years but they have flopped in HK and Malaysia due to bad management and a
product scam making use of a prosecuted American named Dr Jeffrey Bland,
found guilty of false products claim. Since this case in the US leaked out
and many Malaysians found out that the real boss in HK is a Steven Tang (he
cheated many Malaysians in another scheme about 20 years ago) their business
went down all the way. Now they claim Malaysian partners cheated them and
start a new Company in Malaysia . Watch out, this new Company will come out
with some investment scheme idea that will get many to lose their money.

  1. Arowana Fish Breeding

Oora from Germany , Biofuel (Kompleks Maluri) etc - These are some newer
scams. Arowana fish venture ask you to invest some money and give you fixed
return. Biofuel will tell you their Indonesia connections (just like
Sunshine Empire before using Taiwan) & Oora from Germany (I never trust
those cruel Germans) that market some bio-chips and a gadget that claims to
give energy and therapeutic effects of accupunture, tai-chi, yoga, etc
depending how you set the toy-like gadget, wear it on your body and you get
the effect later.

They could not explain or provide any demonstration to prove their
effectiveness. Only doctors and papers claim that I will never trust. The
health effect is actually PLACEBO, which I will elaborate in a different
thread.

Forwarded by: Khairani Darus.


(fhamie) #2

thks 4 d info…


(haroldz) #3

wow nice

AC mizal is selling the “magic” pendants n bracelets


(yoo) #4

good info before get scam by this people


(ssiapf) #5

pls moderator, Pin this post at the Must read section of scam.
Thanks very much. PLs continue updating and editing it.


(lace) #6

nice 1 dude~


(leejoachim95) #7

Since there are evidence on these scams, why aren’t the enforcement officers taking any action ? ? Thats the biggest question


(smithjayden842) #8

Just dont get too indulge in things which seem to be over lucrative… money doesnt come falling easily


(MonkeyKing) #9

How come VISIBER , the numbers thingy, still very active out there cheating people ?
The agents making big bucks selling this expensive pendants and related numerology products.


(haroldz) #10

[quote=“MonkeyKing”]How come VISIBER , the numbers thingy, still very active out there cheating people ?
The agents making big bucks selling this expensive pendants and related numerology products.[/quote]

cos ppl stil believe in numbers and in denial about their health

victims for expensive pendants = malays (in malaya)

victims for numerology = chinese (something to do with feng shui whatsnot)


(Fish&Chips) #11

Come on leh, dont be so narrow minded and thought Visiber is a scammer company. Big joke man…if they are scammer company, they wont be having so many press release with the media…COME ON! :smiley: If they are scammer company, they wont be happen to show up in NTV7 Astro to promote and share their company background n the numberology with the audience!! Lol…


(MonkeyKing) #12

Are u talking to the numbers too?
I know a divorcee women (manageress, also an active member) who is too over indulged in this, she calculated the birthdate of her colleagues to see who are compatible with her or who are her possible enemies.
The owner of Visiber are clever, every now and then they will come up with new products so that customers will keep on buying as the old one could be outdated as their “nasib” will change, so keep up with the changes.


(Vandrexz) #13

[quote=“MonkeyKing”]Are u talking to the numbers too?
The owner of Visiber are clever, every now and then they will come up with new products so that customers will keep on buying as the old one could be outdated as their “nasib” will change, so keep up with the changes.[/quote]
The founders of Visiber are Dato’ so in someway they must be clever right??? Even Miri “Real Gold” already became Tan Sri. :lol: Dato’ LCW also is/was using their products as well. By the way, I am not support anyone or any side.
http://www.christhoo.com/2012/08/the-ma … k-lee.html


(Fish&Chips) #14

zZzZZ…this is business wad. must keep producing new products to increase the sales and profit of the company. in the other hand, they do give advises and precautions about the facts in ur life, whether to believe it or not, its up to an individual. wanna buy, u buy. dont wanna buy, u listen saja la. they dont force u also. why la u wanna say they scam. lol. funny la…


(Coconut Palm) #15

Don’t ever trust any company taking advance fund or fees. Greediness makes you pay.
This is a very good post.


(Mr. Kong) #16

AOWA is a big scam company as well…


(MonkeyKing) #17

[quote=“Vandrexz”][quote=“MonkeyKing”]Are u talking to the numbers too?
The owner of Visiber are clever, every now and then they will come up with new products so that customers will keep on buying as the old one could be outdated as their “nasib” will change, so keep up with the changes.[/quote]
The founders of Visiber are Dato’ so in someway they must be clever right??? Even Miri “Real Gold” already became Tan Sri. :lol: Dato’ LCW also is/was using their products as well. By the way, I am not support anyone or any side.
http://www.christhoo.com/2012/08/the-ma … k-lee.html[/quote]

They are not cleber but there are so many situpik people around which make them more cleberer.
I wonder what number suited Dato LCW so that he can beat LIN DAN :lol: :lol:


(MonkeyKing) #18

No more AOWA now, name change to ANZA so that they can continue to scam people


(Qazwsx) #19

GPLF Ventures Square Inc … Is this scam company??

  1. One time membership fee -RM 2880 ( 670 stated in receipt )
    2.Medical subsidy 50%
    3.Membership can be transfer to another kin
    4.Death benefits
    5.after two years can apply for Family Assistance payments

(Mr. Kong) #20

[quote=“Qazwsx”]GPLF Ventures Square Inc … Is this scam company??

  1. One time membership fee -RM 2880 ( 670 stated in receipt )
    2.Medical subsidy 50%
    3.Membership can be transfer to another kin
    4.Death benefits
    5.after two years can apply for Family Assistance payments[/quote]
    [size=150]
    S C A M 100 %[/size]