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Beware of Sunshine Empire
By Grace Cheng on October 24, 2007 | More Posts By Grace Cheng | Author's Website
As you probably know, we like to expose financial scams or schemes of dubious content and execution. Our warnings here on GraceCheng.com have saved quite a few people from falling into these scams. A few months ago, people started asking our opinion about this company called Sunshine Empire, which operates in several Asian countries (like Indonesia, Thailand, Hong Kong, Korea, Taiwan) including Singapore.
They said that if you ‘invest’ a sum (typically at least US$7000) with them, you will be guaranteed of a certain percentage return every month. They are also encouraged to get their friends and family to ‘invest’ with Sunshine too. We think that sounds just like a ponzi scheme.
Anyway, it was reported today that Sunshine Empire is now placed on the MAS alert list and that of Malaysia’s Securities Commission a few months ago. Great. Somehow, we get the feeling that those who have already ‘given’ their money to Sunshine are now feeling even more pressured to recruit other people into the scheme as they sense the outcome of their ‘investment’ depends on other members giving money.
Don’t be fooled by a swanky office presence or the number of employees a company has. And don’t be fooled by get-rich-quick scams. There are other ways to grow your money.
If you are suspicious or unsure about any financial investment schemes, please contact us as your information could come in handy.
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it is a surprise because sunshine empire was quite convincing.
Plse a small question : is http://www.marketiva.com a reliable online broker?
Sunshine empire was a scam way even before they were sunshine empire.
Sunshine empire is a conglomerate of all the pyramid scheme selling companies who have failed. They all combined their resources and started all kinds of ‘investment’ products from telecom services to precious metals etc.
When the management has no history of fund management. I know this because i was young and gullible and joined them before they became sunshine empire. (used to be called Niutrend International)
I totally disgust what they do. I heard that they promise 700% returns in 6 months. Even the best hedge funds never ever promise you anything. They also said the money is used to invest in broadband services in Taiwan. To prove it, they took a picture of a router with smiling managers next to it and claim they own broadband there.
What the crap. If they could build the broadband cables, they already have financing and don’t need you anymore. If they are raising funds to really build broadband cables, what makes one think that they can not only breakeven but also give you 700% return in 6 months when singtel cant??
I hate them for exploiting the young and gullible. I wish MAS will arrest them soon!
Stupid James Phang & stupid Jackie Hoo said if any old SE/Emmax member want to take back their money .The member just need to do Grand Elitia & con people to pump in more money .
Or else SE/Emmax Management will never give back our hard earn money .Not a singe cent.
Damn you ,James Phang & Jackie Hoo.
7th,May,2009
Hong Kong Government & Singapore Government had started an investigation at Grand Elitia because it is linked to 2 illegal scam company : Sunshine Empire & Emmax .
The man behind these scam : James Phang,Jackie Hoo ,Neo Kuon Huay(JP’s dirty wife ) & Yong Wai Hong who had involve in million dollars scam at year 2006 to 2008 and passport was on hold by Singapore Government .
James Phang is now planning to drag the court case ,the other side he trying to con more people by using Grand Elitia .
Grand Elitia
- No operation office.
- In Grand Elitia website don’t not indicate who is the management people .
- Only website , can be easily closed anytime.
- Do not have any official gamble license from local government .
- The owner is James phang . Sushine Empire & Emmax scammer.Caused every member suffer.
- Empty shell comapny .No asset owned.
- James Phang : only know to talk big ,keep changing company name every year & con people .
- Bad ethic company : Encourage more people to gamble.
- James Phang now is afraid to face old SE/Emamx member and trying to ignore them.
- Malaysia & Thailand police will be waiting for James Phang if he goes into these 2 country .
Blacklisted Illegal Scam Company !!!
1) Grand Elitia
2) Forwin City
3) Star Elise
4) Emmax (Hong Kong )
5) Sunshine Empire
6) NiuTrend Lifestyle (NTI)
7) Eazy Max
Dynasty Club
9) Empire Entertainment Dynasty (EED)
10) Empire Property Venture (EPV)
11) Em-Call
12) SEA Net International (Dubai)
13) Empire Group Alliance (EGA)
Tell everyone about this . Email everyone .
I also victim of sunshine empire. but after so much damning from everybody, i think it only fair to say this to everyone in all future investment or deals, we got to take personal responsibility for our lives and money… stop pointing fingers… come on it’s our greed tat cause our downfall.. learn our lessons and move on… james phang is not the real devil.. if you had not allow him access to your life…grow ups guys..thank u.