Overcast Sunshine

[David]

Sunshine Empire under CAD probe

Posted: 13 November 2007 1813 hrs Photos 1 of 1

Commercial Affairs Department building

 

SINGAPORE: The Commercial Affairs Department (CAD) has begun investigation into the affairs of Sunshine Empire.

 

A statement from the white collar crime buster said that people who have placed money with Sunshine Empire are advised to wait for further updates by the CAD on the case. More information will be released in due course.

 

CAD said it might request people who had placed money with the company to come forward to assist in the investigation.

 

Based at Toa Payoh HDB Hub, the multi-level marketing (MLM) firm has attracted 20,000 people here since it was set up last July.

 

The man behind Sunshine is Mr James Phang, 48, the founder, director and international president of Empire Group Alliance, a group spanning several Asian countries.

 

Sunshine is part of the group, but Mr Phang does not own it.

 

MLM firms, which are legal in Singapore, typically invite people to pay cash for the right to market goods to other people. They also get cash for recruiting other MLM marketeers.

 

Sunshine was placed on the Monetary Authority of Singapore's investor alert list in September and that of Malaysia's Securities Commission a few months ago.

 

The regularly-updated MAS list warns people of companies which may be offering products regulated by MAS without authority.

 

Sunshine denies it is doing anything wrong. But the Trade and Industry Ministry has warned people to take care in dealing with any MLM firm.

 

Sunshine also operates in Indonesia, Thailand, Hong Kong, Korea and Taiwan, and has 50,000 merchants. - 938Live

[Comfy]

great, out in the newspapers.. see if people still so blindly following this 'cult' .

[Baka]

This James Punk is very talented. Con so many people and still dare to appear in Sh|tty times to boast he is better than Warren Buffett.

 

He has probably stashed millions of dollars somewhere else and thousands of clueless uncles aunties will be stranded when this company announces to close shop when the momentum of recruiting new members cannot keep up with the operating expenses.

[Soho]

any bro here in sunshine empire? personally me and my friend want to attend their talks and see how well they do in psyhco-ing ppl in to joining.

where do i call to attend such session?

[David]

Maybe you can try the news ppl.

[Comfy]

sorry ar.. i still too sane to go and listen to their brain washing..

[Mage]

what products are they marketing in this MLM scheme?

[Seanboi]

this MLM scheme is very profitable eesp if u are the top ppl.

 

I remember coming across an article in the newspaper where this guy hu dun even have a O Lvl cert can afford to buy a Chrylser 300C + duno hw many carats diamonds for his wedding. All because he joined MLM.

[Seanboi]

i tink he sounds like a sunshine member.

 

I pity all those gals hu kena made to throw their $ into MLM. All quite young ones.

[Carndablues]

This is not MLM, this is a ponzi or pyramid scheme. If you are married or have been to a wedding dinner, it's akin to the champagne fountain, the cup at the top is full of shampers and it flows down to the ones below, but in lesser amounts. The ones at the bottom hardly get any!

[Slowmo]

i usually picture it as pouring champagne for the top 2 glasses and then using the champagne to wash the glasses of those below ones, so by the time reach the bottom of the glasses, its like champagne with all the dirt and grim of the glasses above.

[Joshterran]

If you are the first initial pioneer people recruting menber, most proably you will be earning your first million dollar and driving a BMW.

 

It is only good if you join in during the teething period and cash out when it getting big.

[Porker]

Basically is to con people's $$$

[Comfy]

how to be profitable when the business got zero dealings with other businesses. its obvious that its only making $ from new 'investors'...

[Sfhuang]

What is Sillypore turning into? First, NKF then Ren Ci then now this.

[Blackyv]

This James Punk is very talented. Con so many people and still dare to appear in Sh|tty times to boast he is better than Warren Buffett.

 

He has probably stashed millions of dollars somewhere else and thousands of clueless uncles aunties will be stranded when this company announces to close shop when the momentum of recruiting new members cannot keep up with the operating expenses.

 

any picture of Ah Punk??

[Comfy]

Ren Ci haven't got the results out yet la.. relax first...

 

Sunshine and many MLM are rather unethical in many ways..

[Blackyv]

yalor.. i find it very funnie how they get registered in the first place?? wonder how they fill up the form ???