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 28th, 2008 at 5:21 pm
Emcom in HK had been sued by people for 180 million HKD, over non payment for shares.
There was an attempted merger with “Bridge Partners”. I think it’s to clear the EMCOM name. One of the Bridge Partners people is a high ranker inside HKSE. They want someone on their board so to appear “clean”.
Something happened, I don’t know what, but now Emcom and gang are being sued for 180 million HKD. That’s like 30M SGD.
Emcom is nothing but a shell company with many fake projects. Wireless city in Singapore and Taichung? All vanished!
July 28th, 2008 at 3:31 pm
Ben ,
We are all waiting for your answer .
When can we have our refund back ?
July 28th, 2008 at 2:11 pm
Ben ,
Can you tell us when can we have our refund back ?
July 28th, 2008 at 2:09 pm
Hi ,
No news frm yr or yr leader ? Maybe there is some problem for your upline or yr leader .
Since your know so much , then tell us all what is the actual date to hv our refund ?
If you don’t know then shut up and stop barking like a crazy dog .
You are trying to spread negative rumors to all of us .
You are a devil.
July 28th, 2008 at 1:17 pm
Dear All,
If all MAlaysian Merchants get their Money Back on August 2008 and Singapore get their Monay Back in November or December what happened with all the merchants in Bali when we can get our money back, please advice.
July 28th, 2008 at 12:17 pm
Ben, wat is GM, this means we must buy GM in order to get ICC? Anybody will believe such nonsense? Explain to me! TQ!
July 28th, 2008 at 12:12 pm
The message is to Kota!! Please add it
July 28th, 2008 at 12:05 pm
Your experience of life still not deep enough, after 3 months.. c who r loser.. Juz wait n c..U understand wat I’m saying? Remember wat I’m saying after u know the truth!! Good luck =)
July 28th, 2008 at 9:20 am
Kota,
pls dun simple gv d info to confuse all m’sian merchants. Wat is yr motif?
I dun repeat the ICC card, if u not join GM, dun dream of d card.
D leader cover everthing 4 d co, why r u so sturborn,pls check it yrself with email n call to HK then u will realise what is right or wrong!
U said is August 08, till now no sound o news fr upline o leaders yet, so tell me wherelse to get money, from god!
Think twice b 4 mention anything.
July 28th, 2008 at 12:09 am
WITHOUT REFUND BY AUGUST Go,go take action this time,BNM cant proceed this issue with GOVERMENT SG,HK,IND AND MALAYSIA. JAMES PHANG WAS CHARGE
July 27th, 2008 at 11:41 pm
Go,go take action this time,BNM cant proceed this issue with GOVERMENT SG,HK,IND AND MALAYSIA. JAMES PHANG WAS CHARGE
July 26th, 2008 at 11:58 am
Now a day! How many Malaysian need to do extra jobs, work, OT, sells, in order to serve JP or make him get richer n richer? Actually, all of us should earn money for our family or lover only..Wat is ur relationship with JP until all of u willing to sacrifice due to this idiot? I choose to serve the BANKER rather than this idiot. As least bank have ever help u, but JP take our money too easy until we suffer everyday. Hope JP will get repentance!! Pray for him!!
July 26th, 2008 at 11:34 am
Hi, All!! Wat should we do right now? All Malaysia merchant have the authority to “chase” back their hard earn money (some actually borrow from Credit Card or use the future money), we dun want to be servant of James Phang. From my prediction, James Phang will never return back to ur all. So please dun wait his empty promise, take some action!! Come on!! Think about it, if u r James Phang..will u return back money to those people that cheated by u intentionally? NO!!! U all still dreaming since February of 2008. Wake up!! Fight it like Swich Cash case!! The tactics used by James Phang long time ago still have effect to u all. He will continue to do so until he go to hell. Its true!! Believe me!
July 26th, 2008 at 9:23 am
We have confirmed with many of the leaders and Sam Mok .
James Phang will refund the SEM point and OEM point to all Malaysia merchant by August .
Singapore Merchant need to wait untill December 2008.
Just have to make sure you all have the ICC card .
Call EM-Max(Hong Kong)for ICC card.
Tel:00852-2377-1777 or 00852-2199-7887
Email: service@emmax.com ,enquiries@icash-card.com
July 25th, 2008 at 7:48 pm
Emcom in HK had been sued by people for 180 million HKD, over non payment for shares.
There was an attempted merger with “Bridge Partners”. I think it’s to clear the EMCOM name. One of the Bridge Partners people is a high ranker inside HKSE. They want someone on their board so to appear “clean”.
Something happened, I don’t know what, but now Emcom and gang are being sued for 180 million HKD. That’s like 30M SGD.
July 25th, 2008 at 6:30 pm
SKY,
(HOPE YOU DONT PRETEND THE SKY OF SUNSHINE EMPIRE FORMER SPEAKER)
1)They said no refund if you dont join gm iT MEANS”perlahan-lahan tunggu mati” In front of them cannot mention Sunshine empire anymore.
2) At least I know better than you, not like you keep wait for your ICC card, If you email them, they will ask you to refer to the leaders only.
3)I know is that all the malaysian merchant make police report. together provide info, depends which strong politician help then only support which group.
4) Dont wait & see for refund, all the upline already know only drag our time to cover and forget all the blood money.
July 25th, 2008 at 5:26 pm
Ben ,
Can you tell us when we can have our ICC card and refund money ?
July 25th, 2008 at 4:58 pm
Ben,
You can call EM-Max(Hong Kong)for ICC card.
Tel:00852-2377-1777 or 00852-2199-7887
Email: service@emmax.com ,enquiries@icash-card.com
This is what Sam Mok teached us to do .
Remember,we all have the rights to chase back our money. Is Em Max who own us money .
July 25th, 2008 at 4:56 pm
Ben ,
Your so call “all leader” told you when we can have our refund ?
And when to have the ICC card ?You also don’t know when ?
What do you know ?
July 25th, 2008 at 4:48 pm
very simple you always use sam mok name to talk nonsence news. if you want to proof that you are sam mok , please give your tel or your hp to all the merchants to clarify this matter. or else all of you must follow my friend’s taking the step to call hong kong office and also his upline to clarify again the sam mok news is all rubbish.dont trust this stupid, crazy and sellfish guy.
July 25th, 2008 at 4:40 pm
hello why are you stuborn, insist use sam mok name to say can get money. tell me how to get money! very easy do you know if dont join gm forever cannot get cash card, if join gm can transfer sem to get money! now all of us so broke and no money join gm. ok tell me how to get money. all the leaders said the sam mok annoucement is not true, it is your own imagination and use sam mok name to write unnecessary news.b a gentleman please dont confuse all the merchants and make again the stupid news.be remember all merchant had been suffer dont create the nonsence news.
July 25th, 2008 at 4:26 pm
NST NEWS TODAY
JAI NETWORK SCHEME SUCH SUNSHINE EMPIRE
KUANTAN: A couple was charged with 189 counts of money laundering, involving RM170 million at the Sessions Courts here yesterday.
The amount is the highest since the Anti-Money Laundering and Anti Terrorism Financing Act was passed by Parliament in 2001.
Dr Jailani Jabar, 48, faced 106 charges for allegedly laundering RM98.7 million while his wife Dr Latifah Taib, 47, faced 83 charges for laundering RM71.3 million.
The two, who are directors of Jai Network Systems Sdn Bhd in Jalan Beserah here, allegedly committed the crime between February 2006 and October last year.
The couple, from Jalan Kubang Buaya, have among others used the money, which was illegally acquired from investors, to buy vehicles, properties and distribution rights for an alternative fuel system.
They were charged under Section 4(1)(a) of the Act which provides a maximum fine of RM5 million or five years’ maximum jail or both.
It took six court interpreters six and half hours between 3.30pm and 10pm to read out all the charges against the couple at the three Sessions courts.
Deputy public prosecutor Dzulkifli Ahmad and Saifuddin Hashim Musaimi told the respective courts that the couple would also be charged with taking deposits without licence under the Banking and Financial Institutions Act 1987 in Kuala Lumpur next week.
The three judges fixed the next mention date on Aug 11 before Sessions judge Jagjit Singh where the DPPs are expected to apply for a joint-trial.
copy right
news straits time
All merchant MALAYSIA/SINGAPORE wait and see………………….
673
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July 24th, 2008 at 11:28 pm
Without refund SE.Empire Vanture cant lose contract MYR 600 millione MELAKA Empire Thempark.EGA NOT RESPOND FOR THIS MISTAKE.Malaysia Goverment will take action for this isue such as swisscash scheme to help malaysia people.Right now total 34 millione take from SG Goverment by AMLA,BAFIA,law has been SUCCES
copy rigt by
malaysia parliment
TRUE NEWS FROM BNM
July 25th, 2008 at 1:39 pm
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 December 2008.
This is the final decision from James Phang .
Sam Mok
(Managing Director of Sunshine Empire Malaysia)
On be half Em-Max
July 25th, 2008 at 1:35 pm
By August 2008 ,all the Malaysia Merchant able to withdraw SEM point and OEM point using the ICC card .
All Singapore Merchant need to wait untill December 2008.
This is the final decision from James Phang .
Sam Mok
(Managing Director of Sunshine Empire Malaysia)
On be half Em-Max
July 25th, 2008 at 12:30 pm
to all malaysian wait till Nov.08 if no refund team together { rakyat power }to fight back d money as swiss cash case.all the sunshine empire and emmax international president james phang and all of them including his family members to jail for whole life and conficasted all their property and money.ha ha this is call Karma
July 25th, 2008 at 12:26 pm
dont budshit use sam mok name to annouce refund money to us(malaysian) in d mth of aug 08. All nonsence,dont make use of the annoucement to make all the merchants more suffer, making fun all of nothing, too silly to cheat all the merchants.Hello, please use your brain before making any kind of dis statement.
July 24th, 2008 at 11:52 pm
NST NEWS TODAY
JAI NETWORK SCHEME SUCH SUNSHINE EMPIRE
KUANTAN: A couple was charged with 189 counts of money laundering, involving RM170 million at the Sessions Courts here yesterday.
The amount is the highest since the Anti-Money Laundering and Anti Terrorism Financing Act was passed by Parliament in 2001.
Dr Jailani Jabar, 48, faced 106 charges for allegedly laundering RM98.7 million while his wife Dr Latifah Taib, 47, faced 83 charges for laundering RM71.3 million.
The two, who are directors of Jai Network Systems Sdn Bhd in Jalan Beserah here, allegedly committed the crime between February 2006 and October last year.
The couple, from Jalan Kubang Buaya, have among others used the money, which was illegally acquired from investors, to buy vehicles, properties and distribution rights for an alternative fuel system.
They were charged under Section 4(1)(a) of the Act which provides a maximum fine of RM5 million or five years’ maximum jail or both.
It took six court interpreters six and half hours between 3.30pm and 10pm to read out all the charges against the couple at the three Sessions courts.
Deputy public prosecutor Dzulkifli Ahmad and Saifuddin Hashim Musaimi told the respective courts that the couple would also be charged with taking deposits without licence under the Banking and Financial Institutions Act 1987 in Kuala Lumpur next week.
The three judges fixed the next mention date on Aug 11 before Sessions judge Jagjit Singh where the DPPs are expected to apply for a joint-trial.
copy right
news straits time
All merchant MALAYSIA/SINGAPORE wait and see………………….
July 24th, 2008 at 11:28 pm
Without refund SE.Empire Vanture cant lose contract MYR 600 millione MELAKA Empire Thempark.EGA NOT RESPOND FOR THIS MISTAKE.Malaysia Goverment will take action for this isue such as swisscash scheme to help malaysia people.Right now total 34 millione take from SG Goverment by AMLA,BAFIA,law has been SUCCES
copy rigt by
malaysia parliment
TRUE NEWS FROM BNM
July 24th, 2008 at 5:29 pm
By August 2008 ,all the Malaysia Merchant able to withdraw SEM point and OEM point using the ICC card .
All 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 24th, 2008 at 5:10 pm
Malaysia Merchant have received their ICC card and refund .
What about Singapore merchant ?
July 24th, 2008 at 2:18 pm
empire vanture cant lose empire Thempark.EGA NOT RESPOND FOR THIS MISTAKE.malaysia goverment will take action for this isue such as swisscash scheme.total 34 millione from sg goverment by AMLA,BAFIA,SUCCES
July 24th, 2008 at 1:17 pm
to all the S.E International Con Men, U ask us hurry to transfer to Emmax n submitted to apply icc card. Now what happen, no card 4 those not join emmax.why cheat us? all of you hv families, do u know no refund many malaysian will commit suicide,As a human being must know how to think, dont telan all our hard blood money, Forever ppl will not forgive you all.
July 24th, 2008 at 10:09 am
Refund delay to December .This is too much.
All our Singapore merchat will make the police report .
July 24th, 2008 at 9:03 am
Hi ,
At the Em-Max Hong Kong convention manage to sold more than 5000GP and untill now Em-Max don’t want to refund us a single cent .
July 24th, 2008 at 8:15 am
Hi ,
At the Em-Max Hong Kong convention management to sold more than 5000GP and untill now Em-Max don’t want to refund us a single cent .
July 24th, 2008 at 12:50 am
BAD NEWS
MY FREND MANAGEMENT SE BACK FROM HONG KONG.EMMAX JAMES PHANG NOT PAY BACK YOUR REFUND.JUST PROMISE TO PROMISE.
ALL MALAYSIA MERCHANT START NOW GO TO MAKE POLICE REPORT AND BNM .PROCEED TO TAKE ACTION SE.THATS ITS A TRUE NEWS.
ALL THE MEMBER GO NOW TO TAKE ACTION .
U CAN C WHAT HAPPEN AFTER THIS SE
EVERYBODY NO WHAT CANT UR DO
OWN BEHALF MALAYSIA MERCHANT
July 22nd, 2008 at 11:59 pm
James Phang, Be shameful being a Chinese international con man, everyone curse you, please return the money.dont always talk but no action.
July 22nd, 2008 at 11:55 pm
all the S.E head , please keep your promise,always pusing here and there, where is our money? don’t give all the nonsence reason.Built the James Phang Family Empire only.
July 22nd, 2008 at 11:52 pm
Hi, James Phang no refund, rich no meaning, what will happen to him, his family …Jz wait and See till nov o8.
July 22nd, 2008 at 11:16 pm
ALL SINGAPORE/MALAYSIA MERCHANT GIVE JAMES PHANG DATELINE TO PAYBACK ALL REFUND JUST NOW.DONT STILL WAITING HE.
PROMISE TO PROMISE WHAT FOR
OWN BEHALF
ALL MALAYSIA MERCHANT.
U KNOW SAM MOK SAME LIKE JAMES PHANG TO BACKUP HE.
July 22nd, 2008 at 9:48 pm
BAD NEWS
MY FREND BACK FROM HONG KONG.EMMAX JAMES PHANG NOT PAY BACK YOUR REFUND.JUST PROMISE TO PROMISE.
ALL MALAYSIA MERCHANT START NOW GO TO MAKE POLICE REPORT AND BNM .PROCEED TO TAKE ACTION SE.THATS ITS A TRUE NEWS.
ALL THE MEMBER GO NOW TO TAKE ACTION .
EVERYBODY NO WHAT CANT UR DO
THANKS.
July 22nd, 2008 at 1:10 pm
Calling all Singapore SE Merchant & leaders ,
Malaysia Merchant have their refund on August 2008 .
Singapore Merchant also want our refund on August 2008 .
July 22nd, 2008 at 12:05 pm
Calling all Singapore SE Merchant & leaders ,
Can we fix a date ,time & location to meet up for all the SE Merhant in Singapore to do some action ?
Waiting till December is not the option.
July 22nd, 2008 at 10:51 am
Calling all Singapore SE Merchant & leaders ,
Before this ,James Phang said will refund us on October and now delay to December .
What are we gonig to do now ?
July 22nd, 2008 at 9:54 am
eager ,
You can call EM-Max(Hong Kong)for ICC card.
Tel:00852-2377-1777 or 00852-2199-7887
Email: service@emmax.com ,enquiries@icash-card.com
This is what Sam Mok teached us to do .
Remember,we all have the rights to chase back our money. Is Em Max who own us money .
July 21st, 2008 at 2:54 pm
Sunshine Empire’s Emcom and various people including Phang Wah James had been sued by HK stock exchange ppl for 180 million HKD thats around 31 million SGD.
July 21st, 2008 at 8:53 am
Those who didn’t get your princpal sum back, please proceed to the police station to make a police report! THe sooner you make, the higher the possibilty of you seeing (any part) of your money back.
Sunshine is
1. NOt paying
2. NO sales
3. Black listed by many government authorities in Southeast Asia
4. Closing soon
5. Seeing your money again?
July 21st, 2008 at 8:48 am
for all buyer/investor should make a police report and police should take action arccoding to the law,like ask all the seller/up-line to up-line for questioning and black list them,the mistake of buyer/investor is making an investment in ilegal investment, seller/up-line maki amd helping this thing happen, and for company owner/director/promotor/marketing/manager/all staff personel should put in jail arccoding to their position ,because they know and with the intention (because they work inside the company)to cheating people..
July 21st, 2008 at 8:32 am
halo ..frends
when all malaysia merchant can get full refund.go to hell emmax same owner.very bad person.
July 21st, 2008 at 8:18 am
eager ,
You can call EM-Max(Hong Kong)for ICC card.
Tel:00852-2377-1777 or 00852-2199-7887
Email: service@emmax.com ,enquiries@icash-card.com
This is what Sam Mok teached us to do .
Remember,we all have the rights to chase back our money. Is Em Max who own us our money .