Sunshine Empire probe: Illegal investment company?
Singapore November 14th, 2007
Sunshine Empire is under investigation because the Monetary Authority of Singapore (MAS) suspects that it is running an illegal investment scheme, as opposed to it being a multi-level marketing firm. Members of the company were supposed to buy and sell products online, from which they would be given a rebate. A particular member had apparently been getting back rebates of $1,440 since his initial investment of $12,000.
It was reported that members may withdraw from the programme anytime, which apparently was not known by some of their members. It is illegal to run an investment scheme in Singapore without seeking approval from the MAS.
Personally, I am quite wary of such schemes because a lot of my friends have fallen into it by the lure of quick money. Even in the proper investment plans there are today, it is not entirely risk free and people should be educated to make proper decisions before putting their money into investments or unorthodox get-rich schemes.
THE Commercial Affairs Department (CAD) said yesterday that it has commenced investigations into controversial multi-level marketing (MLM) firm Sunshine Empire.
It also said it may ask people who have put money into the firm’s schemes to help in the investigation.
According to a company spokesman, the man behind Sunshine’s operations, Mr James Phang, was at the CAD’s office yesterday. He could not be contacted by The Straits Times.
In a statement announcing the probe, the CAD said people who have placed money with Sunshine are advised to wait for further updates from the department on the case.
‘More information will be released in due course, and persons who have placed money with the company may be requested to come forward to assist the CAD in the investigation,’ it added.
Sunshine’s schemes have attracted about 20,000 people here since it was set up in July last year.
But in September, the MLM firm was placed on the Monetary Authority of Singapore’s (MAS) investor alert list.
It attracted the authorities’ interest as its activities appear to be akin to that 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.
For instance, businessman Raul Tham, 50, placed $12,000 in Sunshine’s gold plan in August.
Since September, he has been receiving monthly cash ‘rebates’ of $1,440.
The rebates are based on the participants’ cash outlay as well as Sunshine’s global turnover.
Last week, with all the disquiet surrounding Sunshine and with news that Mr Phang was linked to an abandoned Indonesian club project, an award for him was withdrawn.
Mr Phang had been due to receive an Outstanding & Innovative Global Entrepreneur award at yesterday’s Global Business Opportunities Forum, part of the international business networking event Global Entrepolis hosted by Singapore.
Yesterday, the Sunshine spokesman said that ‘business will carry on as usual’, and added that the company had ‘nothing to hide’.
In a statement, the company also said it had recently written to the CAD offering to clarify any misconceptions.
When asked if Sunshine would entertain refund requests, the spokesman said that this has been its policy all along.
He added that there have been no refund requests here so far, but said the Malaysian Sunshine office has received five refund requests, he said.
Most Sunshine participants that The Straits Times interviewed were unaware that they could get refunds.
Meanwhile, the consumer watchdog is advising those who have placed money with Sunshine to ask for refunds if they are worried about the CAD probe.
Consumers Association of Singapore executive director Seah Seng Choon also cautioned investors against putting cash into Sunshine.
He said they are better off putting money in regulated financial schemes, given the higher standards of compliance required by the MAS.
Article obtained from straitstimes.com on 14th November 2007
About
Well, we’ll see after the pre-trial this coming 23apr09. We hope a positive development as a start.
Hang Wei ….slept with everyone and try to cover up…..beware Habg wei is a con artist ……victim
Last week during a meeting with James Phang .Sharon Chew(SE member) around age 40 ,came into the office and begged James Phang to return her hard earn the money .
She told James Phang she really need the money for her 65 years old mother to do surgery .Critical stage .
But James Phang without listened to her and ordered Jackie Hoo and Ken Lee to chase her out of the office .
Sharon Chew needs help . James Phang refused to return the money and tried to ignore her .
Thursday 23 April will be the pre trail conference for the 4 charged.All of us who are victims would certainly want to see the trail commence as soon as possible to get to the root of it.
Let hope there would be no more delay because all of us have suffered enough.
Hope so .
From what we heard from James Phang meeting .The case might need to drag for at least 2 more years due the authority wanted to audit all SE account included Emmax account . That is why Emmax is forced shutting down for operation so soon.
James Phang try to sprade the news that it is Emmax member who wanted to shift to Grand Elitia because Grand Elitia earn better . Actually that is not true .
Think ,James Phang can run Emmax & Grand Elitia together at the same time .Why not ? Because Emmax internally got a lot of legal problem already . Need to be shut down as soon as possible.
The authority is too slow of doing things
Yes I agree the authority is too slow in handling the case.
I wonder anyone have any info on the pre trail conference schedule on 23 April.
Inside Story, so where is the office of James Phang now?
Well, I think its rather slow too, but better so long as we get $$ other than very fast and our $$ will also be gone!
As per the CAD website:
Q What is progress of the proceedings in the Subordinate Court?
A The matter is fixed for Pre-trial Conference on 21 May 2009 at 10am in the Subordinate Court. Further updates on the proceedings will be posted on this website. (Last update was 24apr09).
Thanks for the update .
These type of news James Phang never dare to update to member .
Coward James Phang . Chicken James Phang .
I remember Jackie Hoo in his memorandum did mention that Sunshine Empire is a responsible company and that the business model works.
I think perhaps he can convince the authorities on that.
Any update about James Phang ?
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 & keep ask 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.
Asia Number 1 Scammer Motivator : Colin Hoo
Colin Hoo was beated by SE/Emmax members because of giving empty promised & helping James Phang to con people’s hard earn money .
Dear Wood are you a sick guy or wat ? nobody beaten anybody in Emmax ……anyway ….i am also a victim like you guys ……. i think to be fair all that join and put money in or invest money in Sunshine and Emmax should also be drag to court for being stupid ,greedy at the first place ….. and also cheating your own downlines ………… i have move on with my life …..even though i lost about 10k singapore dollars . For the past one year i went back to work and start from bottom ……..have a life bro …….
This is all James Phang doing …….alot of people are hurt bcoz of him ……but also are hurt bcoz of greed.
BLOODY singaporeans ……stupid arrogant bastards ….always claim that you guys are from better country but always joining all this immoral plans and cheating people bcoz of greed ……..serve you guys right ……bloody fools
Woi ……why you call us bastards, even though we singaporeans are stupid that does not mean that we are bastards ……….right everyone….shit you malaysians
dear all ……i heard that the CAD is investigating takes a long time because the are now trying to locate all the database ……which members are involve. Who has join and invest in James Phang scam …..The CAD is trying to track every detail of everyone that join that includes Malaysians, thailand , singapore ,korea and also japan ….the autorities is trying to nab down everyone who is responsible ….Oh course the bloody James Phang will get the most punishment but news from my sources also says that they are trying to nab down everybody that is involve with the plan …..that means putting in illegal deposits money to a none approve financial institution ……. that to them is cheating on tax and cheating the government …….so that is why they are taking such a long time. This is to make sure everyone involve with get the right punishment. This is to ensure so that the case can be clear….. bcoz as i know ….most members that left sunshine after no pay-out ….some of them has also earn money from the so call investment scam….. so they also want to nab all this guys ……bcoz as far as the government is concern …..this people also falls into the cheatinbg category……
Anyway shame on you angry malaysian …..we are all victims and also you WOOD ….we all should work together to find a solution not just post un responsible comments without facts ………simply putting names is a no-no bcoz it is not good for us singaporeans …….that shows to the other people from other country ……that first we are greedy and then we start blaming others …….we all shoould have known from day one the responsible we all have to take for our own action ………lets not prove to the malaysians we are really bastards and stupid …….and for the guy that say that we are bastard …….pls ….we are not. just that we are ignorant and now very very frustrated. By the way life in Singapore is really tough now ….hope that you malaysians will understand what we are going thru ……thanks
Dear All …… to be fair ….i want to reveal something here. Dear SimplyJean …..bfore all the blogs……i heard that you yourself is also involve in this so call scam …..sponsering people and also telling people how good was the so call Sunshine plan …….why revert now …….why when we know at the beginning you are also one of them ……i was once ask to listen to their presentation ….and i believe you once did present to a group of people …..and when i decided not to join becos of my studies ……wat did you tell everyone ………and now you are anti – emmax and sunshine ……….shame on you .And you even say that i have no future if i do not join you ………well you know who i am …..i use to be your friend …….so pls do not try to teach and show concern now when from begining you are the same like everyone else ………DEAR all SimplyJean is also one of their hardcore members ……maybe that has made money and now hiding behind this stupid blog…..thanks
Dear All ……say wat you want ……release your anger ….. but if you have balls go face to face with those people responsible ……stop hiding behind this blogs of yours ……….anyway good luck on your monies ………. take loan ….from bank to join, along ,sell car ,sell house , that just show how shallow you people are …….i refuse to join …..i am now laughing at you guys ……bcoz when during good times in Sunshine …..do you guys know how ignorant and arrogant all of you losers where? …..so pls do not blame James Phang ….Jackie …..Sam mok …..or whosoever ……..BLAME yourself …………wonder when our government will get all of you greedy slimmy idiot. Anyway ….to the bloody malaysian …..hello ….not all singaporeans are stupid and B…..D ok ……only those few up here.
dear Latest news …are you sure we will all get into trouble …..? i am very afraid now …pls reply
Dear All, those things posted by me ……if accidently i have hurt someone pls forgive me …. to be honest i also heard from rumors ….and some of the stories i did spice it up …..Sorry for my actions ….pls forgive me… pls do not ask your lawyers to call me anymore ….i am sorry
Wow ….hello …i am new here …..heard about the sunshine thing back in my country Indonesia …..just to check out ….. mengapa anda bisa pakei words yang very very rude ……..dan mengapa anda semua begitu tidak ada sopan langsung ……wat is this blog ….who is the bog controller …….this blog is full of shit
7th,May,2009
Hong Kong Gavorment & Singapore Gavorment 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 wife ) & Yong Wai Hong who had involve in million dollars scam at year 2006 to 2008 and passport was on hold by Singapore Gavorment .
James Phang is no planning to drag the court case ,the other side he trying to con more people for Grand Elitia .
Grand Elitia
- No operation office.
- In Grand Elitia website don’t not indicate who is the managemant people .
- Only website , can be easily closed anytime.
- Do not have any official gamble license from local gavorment .
- 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 comapany name every year & con people .
- Bad ethic company : Encaurage 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
Dynasty Club
2) Forwin City
3) Star Elise
4) Emmax (Hong Kong )
5) Sunshine Empire
6) NiuTrend Lifestyle (NTI)
7) Eazy Max
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 .
7th,May,2009
Hong Kong Gavorment & Singapore Gavorment 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 wife ) & Yong Wai Hong who had involve in million dollars scam at year 2006 to 2008 and passport was on hold by Singapore Gavorment .
James Phang is now planning to drag the court case ,the other side he trying to con more people for Grand Elitia .
Grand Elitia
- No operation office.
- In Grand Elitia website don’t not indicate who is the managemant people .
- Only website , can be easily closed anytime.
- Do not have any official gamble license from local gavorment .
- 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 comapany name every year & con people .
- Bad ethic company : Encaurage 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 .
Dear all,
Simply Jean is not involved in any of the scams that are mentioned here. This is just a public blog that is maintained by myself and my team of editors. Dear “angry people”, please do not throw accusations at the editors of this blog.
IP addresses of all comments are logged in this blog. Please post responsibly.
Thank you.
Best regards,
Jean
On behalf of editors of Simply Jean
I, myself admitted that I made mistake, in the sense that I did not check the authenticity of this company.
I joined because of the business that was presented to us. The upline of our upline even told us that he, himself went to taiwan and had seen the project, which at that time was at phase 3. Now, we assumed that the project that was shown to them was a legitimate project of other companies.
Dear Supremo, Congrats to you , you are the only few people in this blog that is honest…………. sorry to hear that you have lost your money but respect you for being honest.
Well …..dear Simply Jean , seems like your blog ….everyone is throwing accusations to everybody without finding out facts …..so why you worry about wat others want to say …….bcoz this is a blog for everyone …….if you did not do it ….no need to explain. Anyway anyone can say anything they like in this blog ……i thought this is supposed to be a free will thing here …….am i right.
To the person that say that you are involve and you say no ……..well we will never know the truth. Only you and your so call friend will know …and i wonder why this guy/girl took so much trouble to write about you ………….this you will have to answer your self.
Anyway as a old man ……to all of you ……good luck and move on with your life ……..no matter what you say and shout here …….leave it to the autorities. 2 years ago i was shot down by all you people when i told all of you to be careful, nothing comes so easy, but those now complaining in this blog says that i am a stupid old man ……..and now your so call GOD ” Mr phang ” is now your enemy ……when will you all learn. Good bye and if you still keep this attitude …….your life will never change ……..BLAME YOURSELF ……
7th,May,2009
Hong Kong Gavorment & Singapore Gavorment 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 wife ) & Yong Wai Hong who had involve in million dollars scam at year 2006 to 2008 and passport was on hold by Singapore Gavorment .
James Phang is now planning to drag the court case ,the other side he trying to con more people for Grand Elitia .
Grand Elitia
- No operation office.
- In Grand Elitia website don’t not indicate who is the managemant people .
- Only website , can be easily closed anytime.
- Do not have any official gamble license from local gavorment .
- 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 comapany name every year & con people .
- Bad ethic company : Encaurage 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 .
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 !!!
Dynasty Club
1) Grand Elitia
2) Forwin City
3) Star Elise
4) Emmax (Hong Kong )
5) Sunshine Empire
6) NiuTrend Lifestyle (NTI)
7) Eazy Max
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 .
Any update/s on what had transpired yesterday, as CAD website was not yet updated as of this time.
New kid here. Read a little about SE/
GRAND ELITIA etc. Can someone throw some light
light as to why SE discontinue. Is it
becoz they didnt pay to members or ….
something else.
New kid here. Read a little about SE/
GRAND ELITIA etc. Can someone throw some light
as to why SE discontinue. Is it
becoz they didnt pay to members or ….
something else.
Malaysia 6016 2617722
http://www.cad.gov.sg/topNav/faq/Sunshine+Empire+Pte+Ltd.htm#name4
Please check the URL above.
To All SE/Emmax member ,
The CAD case is no more a concern . If CAD un-freeze SE’s fund .James Phang can be able to pay back all the members only USD180 per GP.
I’m serious , James Phang is broke now . No money to refund our capital .All James Phang’s project totally loss money & he afraid to let member know about this .
The worst case , later on James Phnag will be asking members to use their OEM point to gamble in Grand Elitia . The winning chances : Out of 30 person , only 1 will win .
James Phang wants member to loss all of member’s OEM point so that he don’t have to pay member the refund money .
I advise all SE/Emmax member do not use your OEM point to gamble in Grand Elitia .It is another James Phang’s trap .
7th,May,2009
Scam Company : Grand Eilita (James Phang )
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 .
From CAD website for you info.
Q What is progress of the proceedings in the Subordinate Court?
A The matter is fixed for trial from 28 September to 23 October 2009 in the Subordinate Court 7. Further updates on the proceedings will be posted on this website.
Probably, this will be opened to the public for some of us who want to see and watch the hearing live (in-person).
To All SE/Emmax member ,
The CAD case is no more a concern . If CAD un-freeze SE’s fund .James Phang can be able to pay back all the members only USD180 per GP.
I’m serious , James Phang is broke now . No money to refund our capital .All James Phang’s project totally loss money & he afraid to let member know about this .
The worst case , later on James Phnag will be asking members to use their OEM point to gamble in Grand Elitia . The winning chances : Out of 30 person , only 1 will win .
James Phang wants member to loss all of member’s OEM point so that he don’t have to pay member the refund money .
I advise all SE/Emmax member do not use your OEM point to gamble in Grand Elitia .It is another James Phang’s trap .
Singapore Merchant,
May I ask if what is your basis in coming up with that USD180 per GP and why in USD not in S$. I know, we can easily convert USD to S$ but why use USD and we’re here in Singapore.
Supremo ,
I got downline from Malaysia & Thailand . We all use USD for standard .
James Phang not only cheated Singapore member but other country as well .
Hi Singapore Merchant,
Wow, good for you as you had networked with other countries, meaning you got higher returns. Sad thing was, those who joined under you might not got anything. For us, so far, nobody is telling us to gamble or transfer our e-points, as the SE member website I think is also freeze.
James Phang have no money to pay back our money .That is for sure .
He had hide a lot of thing from member .
All our money are gone . James Phang loss all our money .
To all SE victim,
If anyone need to settle the OEM point ,please email me:
empire.dynasty@yahoo.com
To victime,
Please elaborate on how can you help us. One more thing is that, what is the difference between e-points and OEM with regards to sunshine?
See my post also same… they wanna take legal actions on me. Maybe are same people or same group or people.
http://khchuang888.blogspot.com/2009/05/top-17-scams-in-malaysia.html
I think we should gather more people who encountering same problem and meet up somewhere asap. I believe we would facing same problem eventually.
Please email me privately and share your thought: khchuang888@gmail.com
Thanks. ^_^
To all SE & Emmax victim,
If anyone need to settle the OEM & sem point ,please email me immediately .
empire.dynasty@yahoo.com
I have a solution .