Sunshine Empire - Too Good To Be True?
Blogged By: Low Hang Wei @ October 2nd, 2007 - 4:38 pmIf you have heard of Sunshine Empire, then you would know of the insane returns that they have been projecting. While most of their merchants do acknowledge that these returns are not guaranteed, it does not change the fact that many people who buy into the program are expecting those returns. Many people are unaware of the potential risks of putting their money in a program like Sunshine Empire.
Firstly, the benefit illustration that their merchants are using in their presentations exceed a 100% annualized return, which is around three to five times the performance of top investors like Warren Buffett and Peter Lynch. That alone is enough ground for people to shout ‘too good to be true’. Additionally, their customer rebate program sounds just like a Ponzi scheme, since it basically takes only 10% of membership fees to rebate current members. In short, people who joined later are paying people who joined earlier. In order for a ponzi scheme to sustain, the amount of members need to grow at an exponential speed month after month. That alone is enough reason to drive rational investors away.
However, I recently decided to get a slot in Sunshine Empire and paid for the membership fees and GP fees of $11,800 just today.
Do I think that it’s a wise investment to make?
Not a chance, Sunshine Empire is not even recognised by MAS as an investment vehicle in the first place.
Would I refer anyone to put their money in Sunshine Empire?
Fat hope, why would I refer anybody to something that I do not think is a wise investment.
Why did I put my money in Sunshine Empire then?
- The desire to grow my money made me blind.
- While their customer rebate program sounds like a Ponzi scheme, their customer loyalty program does make a bit of sense. If you don’t know what these are, don’t bother to find out, since I do not recommend anyone to put their money in.
- This amount of money is what I made in investments for the year and I can afford to lose them.
Basically, the last point is the most important point. Never put your money in these type of schemes if you cannot afford to lose them. I sincerely feel that this whole thing is very risky, but I’m willing to take the risks. I don’t know about you, but my advice to anyone would be… stay away unless you are prepared to part with your money forever.
Blogged Under: Income Opportunities
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July 20th, 2008 at 8:12 pm
halo ..member
what a status refund all malaysia merchant, give me a true news from se.
July 20th, 2008 at 3:02 pm
Why is payment delayed? Sunshine / Emmax running out of money?
July 20th, 2008 at 1:25 pm
hai frends,
when all malaysia merchant cant get the refund back.any news from jp.how cant sam mok said the refund,
July 20th, 2008 at 9:37 am
Hi Kota,
The ICC card that you have gotten, is it the one that you have applied 4 to 5 months ago? Or is it a new application? How to get it?
July 18th, 2008 at 4:57 pm
Our group of 203 merchants have a meeting with James Phang and requested to pay us our refund earlier .
James Phang still insists to pay the refund money to Singapore Merchant by December 2008 .
July 18th, 2008 at 2:09 pm
i meet up with sammok at singapore last week.. very funny, he never put any news announcement but people keep using his name… it seems there are people trying to create story but don’t dare to show their stupid name…
July 18th, 2008 at 2:06 pm
i m one of the merchant in malaysia, after reading some of the sam mok announcement, i personally meet him to clearify the statement… nothing being post by sam, stop using sam mok’s name. he is a very nice person. don’t misleading the people.
July 18th, 2008 at 2:01 pm
i m from hong kong, i do ask mr.sam mok about the announcement, he never write anything on this blog. please stop it! you guys are making people confuse, do you think this is funny?
July 18th, 2008 at 1:57 pm
stop using sam mok name because the news being published here is not from him.
July 18th, 2008 at 1:50 pm
i talk to sam mok about the issue, he never announce any of the news… pls stop doing this…
July 18th, 2008 at 9:24 am
My group in Johor already withdraw more than 93,000 EP .
Get your ICC card immediately . Call your upline.
July 17th, 2008 at 6:45 pm
Where does Emmax get its income from since it currently isn’t running any projects to my knowledge?
July 17th, 2008 at 4:46 pm
i have 5 month make icc card but and now have no get
July 17th, 2008 at 1:50 pm
Hi friends,
need some favor to update all the information and history of James Phang or EGA in this blog mysunshine-empire dot biz
July 17th, 2008 at 1:43 pm
Hi SM and Sky,
Please give clear instruction and make sure all the information regarding refund must be firm and correct.
Someone watching your words..
Anyone know where can I get James Phang biography or profile?
July 17th, 2008 at 10:02 am
By August 2008 ,all the Malaysia Merchant able to withdraw SEM point and OEM point using the ICC card .
Singapore Merchant need to wait untill November/December .
This is the final decision from James Phang .
Sam Mok
(Managing Director of Sunshine Empire Malaysia)
On be half Em-Max
July 16th, 2008 at 2:17 pm
SKY AND SAM MOK
what for icc card just only can withraw em point not SEM point and OEM point.
July 15th, 2008 at 8:36 pm
mr chetead jp all money not frozen but he take run away your money to build empire james phang and family.
July 15th, 2008 at 7:42 pm
Someone please enlighten me on how SE/Emmax makes money when its accounts are still frozen, according to them.
July 15th, 2008 at 1:11 am
those who have received their card, can u post a photo to show what it looks like. and can u tell us what machines u can use them with.
July 14th, 2008 at 12:04 pm
All SE Malaysia Merchant ,
Without the ICC card ,for sure you can not take out any money from your account/refund .
Please fill/apply the card immediately.Contact your upline.
Tel:0082-2377-1777
Email: service@em-max.com ,enquiries@icash-card.com
July 14th, 2008 at 11:58 am
Sky,
I’ve tried to contact the number & email but to no avail.
Any other m’sia SE representative that we could contact? Need clear instruction on way to apply for the ICC card in order to get the re-fund pls…
July 14th, 2008 at 8:29 am
gogi & CC ,
For ICC card ,you all can contact EM-Max:
Tel:0082-2377-1777
Email: service@em-max.com ,enquiries@icash-card.com
July 13th, 2008 at 4:11 pm
go to hell SE.don’t believe all mymoney has been taken away.hey,anybody from indonesia member also?
July 11th, 2008 at 4:15 pm
where all the staff sunshine empire malaysia to manage icc card give the merchant member. why only just only one person to handle this.Represent emmax no response about this mistake. so bad.
July 11th, 2008 at 2:28 pm
Sam Mok,
u 2 keep telling & promising SE M’sia Merchant wil get the re-fund by August’08. But how??? Apply for ICC card?? how to apply for it??
Everytime giving the USELESS phone number!! No respond at all!
July 10th, 2008 at 8:46 pm
why is the payment delayed? Something is definitely wrong.
July 10th, 2008 at 6:41 pm
Sam Mok,
Pls tell us how to get the ICC card for those Malaysia’s Merchant that did not fill up any application form before this. There is no respond from the Em-Max Malaysia’s Represent : Sky (016-7920101).
July 10th, 2008 at 11:04 am
We all believe in Sam Mok(Managing Director of Sunshine Empire Malaysia).He is our good leader all these while .
Sam Mok had confirmed that Malaysia Merchant sure will take back their full refund by August 2008.
For all Singapore merchant need to wait until November or December 2008 to have their refund.
This is the final decision from James Pang .
July 10th, 2008 at 12:13 am
Since SE claims all accs are frozen how can it make money?
Running away to HK liao?
July 9th, 2008 at 10:28 pm
Are these cards given to the merchant base on its pioneer status
July 9th, 2008 at 5:44 pm
All Malaysia SE and Em-Max merchant ,
Good news !!
Em-max Grand Convention at Hong Kong last month had sold more than 5000 Gold Max .Great result.
James Pang had officially announced to pay back all the re-fund to Malaysia’s Merchant by August 2008 .
For those who don’t received the ICC card ,you may contact Em-Max Malaysia’s Represent : Sky (016-7920101).
Em-Max will be stronger ever !!
Sam Mok
(Managing Director of Sunshine Empire)
On be half Em-Max
July 9th, 2008 at 11:58 am
wilson,
should me who malaysia merchant get a full re-fund back. with who want to contact.are u already get a refund just now wilson.
becouse im malaysia merchant
July 9th, 2008 at 10:41 am
At least Malaysia Merchant already started to withdraw their full refund.
July 9th, 2008 at 12:23 am
bulshit jp, he sad refund will get at company performance.he want u all make sell emmax.emmax indonesia close and coming up hong kong.chetead,cheated jp dont want give a refund back.
all singaporean merchant now ,please meet james phang to pay u money.or u lose……. bladyful jp and family
July 9th, 2008 at 12:13 am
How can we get this card? We have filled
up form to apply for this card few months back.
July 8th, 2008 at 9:23 pm
Ask him why is it delayed. Also ask him since SE accs had been frozen how is it making money? So fishy.
July 8th, 2008 at 8:00 am
The card is for withdrawing money from bank .
Refund delayed is all James Pang decision .
July 8th, 2008 at 1:19 am
attention all malaysia merchant right now not get a re-fund from sunshine empire.i dot no when
July 7th, 2008 at 10:54 pm
Wilson:
So why is the refund delayed?
July 7th, 2008 at 4:47 pm
What is the card used for
July 7th, 2008 at 12:03 pm
WE had a meeting with Sam Mok , MD of Sunshine Empire Malaysia . He confirmed some Malaysia merchant able to witdraw their re-fund .
Singapore Merchant need to wait until November/December 2008 in order to take back their re-fund.
July 7th, 2008 at 9:55 am
dont believe that emmax. no refund se without selling gm .bulshit jp.
July 7th, 2008 at 9:52 am
emmax still cheated
July 7th, 2008 at 8:11 am
I have been to Hong Kong Convention and collect my ICC card .
I also transfer my e-point to my Malaysia merchant to help me to witdraw my re-fund and manage to take out 32,320EP.
Withdraw using Malaysia currency a bit low than Singapore dollar but I don’t want to wait .
A lot of my Malaysia Merchant started to withdraw their money already .
From Ng(Singapore Merchant)
July 5th, 2008 at 10:08 pm
cash card is like a atm card. can withdraw money anywhere. like your normal bank card. u can withdraw your monthly rebate this way, no need to apply for it like before.
we’ll see how long this lasts!!!
July 5th, 2008 at 11:17 am
I have been to Hong Kong Convention and collect my ICC card .
I also transfer my e-point to my Malaysia merchant to help me to withdraw my re-fund and manage to take out 32,320EP.
Withdraw using Malaysia currency a bit low than Singapore dollar but I don’t want to wait .
A lot of my Malaysia Merchant started to withdraw their money already .
From Ng(Singapore Merchant
July 5th, 2008 at 3:09 am
the cash card i’m told is like a bank card. can go to the ATM and withdraw money anytime anyplace. they can withdraw their monthly rebate this way
July 5th, 2008 at 2:00 am
Hi all,
I took 4 hrs to read all the comments
i muz say wow,
1stly i muz say that i m not a member of SE.
So wat ever i say i juz base on my knowledge n judgement
I notice that all the anti-SE gang really are anti it.
when the SE gang try to proof to them they dun bother to check out the proof and keep askin for more. the place they check is forum, written by ppl like us who know abit only.
For me I juz hope tat SE is not a scam and all in it get back their money (so hope the anti dun pray tat SE is a scam coz alot of ppl wan their money back). I wun encourage ppl to join but i wun stop them from joinin.
I juz wondering, is singapore gov so inefficient tat they cant find out whether a company is a scam after 7 mths. Or are they juz hiding from the truth tat they make a mistake.
Another thing i m wondering, y didn james phang run away?
and y he claim that he will refund all member back their capital
Last thing in my mind, is there other neutral evidence tat wat SE claim is true? I dun trust Strait times coz it is control by the govn, hence if the govn realise that they make a mistake they wun allow singapore newspaper to annouce it b4 they annouce it
July 5th, 2008 at 12:39 am
What’s the card used for?
Goldfish:
So what will happen if u’re unable to sell the gps? You’ll lose even more