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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December 17th, 2007 at 11:15 pm
Ha! Ha! Ha!
Money just credited into account. Skeptics
are but skeptics. They choose to be blind!
HaHaHa!
December 17th, 2007 at 10:32 pm
Same sentiment here…the credibility of the “news” cannot be believed upon. SE can say how good & how impressive they are, at the end of the day, can SE members show us the money in their bank accounts? Actual money flows to their bank accounts or not?
December 17th, 2007 at 5:47 pm
Tan Wei Jie
I didn’t say 3 towers on ONE site.
Who ever said it was sited at Jalan Raja Chulan?
The colour is artist’s impression - when light is shone on the building, it looks orange. Look at the video trailer, and you will get the pictures of both colours.
http://www.empirepropertyventure.com/projects_EST.html
December 17th, 2007 at 12:51 pm
I am doubting the credibility of the “news”. In my own opinion, not many people would be willing to buy property overseas, let alone from the pool of SE members.
You mean building 3 towers on the Jalan Tun Razak site? First they changed the location from Jalan Raja Chulan to Jalan Tun Razak. Then the colour scheme was changed from blue to gold. Now change the whole building?
December 17th, 2007 at 12:00 pm
Tan Wei Jie
Your questions have been answered by other people.
There were mainstream ads by EPV for the Malacca project. Projects were offered to sunshine-empire members from all over the Asia at a discount - they get back GPs, depending on the value of the unit.
The KL project has been oversubscribed. 100 units offered. Almost 400 buyers. They are now talking about building three towers instead on just one. Read “The Entrepreneur”, which by itself is a very good marketing tool - people get a lot of projects info from it.
People can still buy GPs in Singapore because there are people who sells epoints. Seller gets cash, buyer gets epoints, and use the epoints to buy GPs.
December 17th, 2007 at 9:57 am
By the way, now one can pay in to SE?
December 16th, 2007 at 10:35 pm
I heard SE’s payout had dropped? Can anyone answer why?
1) W
December 16th, 2007 at 9:12 pm
Precisely…Matthew Tan Yew Hock, pls answer to Tan Wei Jie’s questions?
December 16th, 2007 at 8:36 pm
Where is Tan Yew Hock?
Ah Hock ah, you said you discount those comments made by people who dont post in their real name. So here I am. Why are my questions left unanswered? Answer me.
December 16th, 2007 at 2:35 pm
It seems that SE had stopped paying. As found posted on sgForums.
I can see SE only sells its projects internally. Okay… see this. Members had already pumped in 5 figure digits worth of money into Phang’s pocket.
10K+ is no joke… how many people can afford it. And it claims the properties, in Melaka and KL are all brought by SE people. Why did they buy the “property”? For? Residential, rental, or investment?
If residential, I would take it that only the richer people, especially businessmen who travel to KL very often need a 2nd home there. If investment, I would say the place is very bad, for EVP is a company with zero experience and SE has extremely bad reputation. Even if it is able to be completed is another issue. If for rental, same as for residential, the site is a very bad location, with a very narrow plot. The highway is just few metres away, and the exit slipway going even closer to the site. So, bad location is one. Another thing, very bad design. Almost as if it is done in a hurry. The layout reminds me of typical HDB rental flats. So how are people going to rent/sell them in such a bad location? Okay, if you say sell it using luxury image, then the price of development would shoot up alot. And they do not advertise. So how do they expect to get the income?
Or are the agents just putting up a show? Why buy units of such an unethical company’s projects in such a bad location? Also take into consideration the costs of the units. Who in their right mind would buy? I mean, you had already pumped in 10K+, would you be willing to pump in more money? And basic logic tells you the more people you reach, the more units you can sell, am I correct?
December 16th, 2007 at 2:12 pm
Wake Up Call:
I think Goondu is just being sarcastic.
December 16th, 2007 at 10:32 am
Goondu, a word of advice…if you are persuaded to buy GP from SE because you will receive $1000000 payout from SE NIGERIA Branch, you better report this incident to our Singapore CAD. This case obviously is a cheating case.
December 16th, 2007 at 10:24 am
FATHER Jam Pui: Pls stop all your replies to Goondu’s posts…i still want Goondu to buy more GP from me before the whole scam go burst!
December 16th, 2007 at 10:21 am
Big Goondu, how come you still haven buy the GP from me? I will pay you $50000000000 from my Singapore branch. In addition, my other branches in malaysia, indonesia, United States etc are giving you more. Pls Goondu, buy GP from me…
By the way, do you read the news, It is Malaysia authorities to investigate on SE, before our Singapore authorities even start to investigate on SE…so you think Malaysia SE doing v v well? Pls stop being a goondu!
December 16th, 2007 at 1:17 am
malaysia SE may still run well there for quite awhile…
the government seems to have other problems of their own to take care of first…
JP should use the “profits” from outside to pay those in SG still “frozen”
December 15th, 2007 at 9:24 pm
Design wise, the projects’ designs are all terrible.
Marketing concept, shaddy
Finanicially? Dubious
December 15th, 2007 at 11:49 am
FATHER Jam Pui: Who says SE is a scam? We did give them fat hope & impossible dream…we give them the best illusion…that is our service!
December 15th, 2007 at 11:22 am
I, FATHER Jam Pui, really cant imagine that some singaporeans can actually believe in me so easily & put their hard-earned money into my pocket. Why not? Who care? In return, i should give them fat hope & impossible dream…yeah!
December 15th, 2007 at 11:16 am
I will help you to be millionaires, MAS will not. I will help you to scam your money into my pocket, in return i will give you the hope that you are the best, give you the imagination that you are a millionaire, give you the thoughts that you are truly an entrepreneur/businessman of the year…silly
December 15th, 2007 at 11:12 am
Big goondu (you really are), believe in me. Buy my first & only GP today. I will give you $50000000000 payout from my branch today too.
People call me FATHER Jam Pui ! People all LOVE me! I am better than Buffett, Gates, just name any, and i will prove to you that i am the best!
December 15th, 2007 at 9:58 am
I am better than Bill Gates. I am a legend. I am building 100 storey condo on Tekong. Join me, put in $1 and get $1,000,000 a month!
You believe in me? People call me FATHER! People LOVE me!
yeah right…
December 15th, 2007 at 9:51 am
Big goondu, show me the money in your bank account?
You can also buy my first and only GP today. I will give you $50000000000 payout from my branch today too. Silly
December 15th, 2007 at 9:49 am
Ying, you claim just because SE is MLM company it can’t do mainstream advertising? But SE claims EPV, etc are “affliate” companies. So I take it that EPV is a property devt company on its own right, so why no advertising?
December 15th, 2007 at 2:04 am
I bought my first and only GP yesterday and even though CAD FREEZE account, I just received my $1000000 payout from SE NIGERIA Branch TODAY!!!
You people who say SE is SCAM are all LOOOOOOSER! Pui Pui Pui!
December 14th, 2007 at 9:56 am
SE management issued a gag order.
You notice in other forums a lot of
comments were deleted for fear of
being used as evidence against them.
Let us hope that CAD complete their
investigation soon, prosecute the
ringleaders, get SE to refund all the
investors in Singapore and then cease
operation forever.
But for other countries, we can only
hope their governments come down hard
on JP and gang and stop this scam and
fraud forever.
December 14th, 2007 at 9:26 am
How come recently SE members become so quiet? No comments?
December 13th, 2007 at 6:34 pm
SE takes company loyalty to new heights, to the extent of cult-like worshipping and belief of the leader. What’s different between this and a cult?
If all the “projects” are proven, its okay. Like Buffett has his share of admirers. He is someone truly great, with 50 years of experience in finance world. But someone with the likes of Phang, who has extremely bad track record, and bad reputation, claiming to be better than Buffett, with projects with no proof other than that from SE’s internal sources…. With people still worshipping him? Now this is very scary. One word. Cult.
December 13th, 2007 at 2:45 pm
If any organisation behaves like a cult, it must be stopped & checked. Else it may be adverse to the well-being & security of the country. It is glad that CAD has stopped & checked on SE. We must stop more Singaporeans from falling into scam like SE.
December 13th, 2007 at 2:29 pm
Wake Up Call, that’s what you call a cult. Cult worship.
Comparable to the likes to Kim Jung Il, and “Turkmenbashi”.
December 13th, 2007 at 1:41 pm
Phang mentioned that he is better than Warren Buffet?
The moment i get to read this statement, i know he is a crap. Warren Buffet is one of the richest man in the world…how to compare? What more to say better? Motivational talks must also have a limit. If you go beyond it, people will laugh out loud.
December 13th, 2007 at 1:24 pm
Wei Jie, the whole SE is just a scam, cheating people of their hard-earned money. Past experience of Phang’s failures etc has taught many to be caution, but there are some out there either do not know of Phang’s failures or they only see the surface (via SE grand office renovation, via SE impressive presentations etc)
December 13th, 2007 at 10:33 am
Come to think of it why did Phang claim accounts were frozen when SE is stil accepting new people buying GPs?
Acc frozen means, no transaction at all, be it money going in or coming out. And the “news” of CAD freezing accounts came out of the mouth of the “great (cult) leader” James Phang.
December 12th, 2007 at 7:16 pm
Precisely…any company can also say how they plan to invest & how good income is generated etc etc
BUT ARE THEY REAL OR NOT?
Also, how can projects be generating income when none of them have completed?
Pls enlighten us?
December 12th, 2007 at 6:30 pm
Ying:
Taken off, I mean as in completed, and generating income.
December 12th, 2007 at 4:09 pm
Ying, where do you get the justification that MLM companies cannot do mainstream advertising?
December 12th, 2007 at 4:06 pm
Ying, what taiwan project you are referring to? What malaysia project you are referring to? Do you know that both taiwan & malaysia authorites do not even know nor approve the projects from SE.
December 12th, 2007 at 2:56 pm
One more thing i forgot to mention, in Singapore, unless the company is like LFI; which company allies with Guardian Pharmacy to sell their products in their shops, MLM companies cannot do mainstream advertising in financial, property journals and newspapers… Unless they have local shops that are in conjunction with their company to sell their product, than they can do mainstream advertising in financial, property journals and newspapers…
December 12th, 2007 at 2:51 pm
Hi all, something to answer post #154 and #156… SE generates income thru the projects that have already taken off overseas like Taiwan’s wireless broadband… It will than take 10% of the overall profit for the month and give it to those with GPs SPs and even those merchants… What Matthew has been trying to say is that he does believe in the company, so u all do not have to ’scold’ him or ask him to wake up his thinking… SE does have prove that CAD freeze their bank account, because CAD did write a letter to SE saying that they will freeze the bank account till further notice… The previous Magic Kingdom that was not successful and had been reported cheating ppl of their money during that time was also the fault of the company’s plan… This time its Magic Kingdom has already started the ground work… The previous one had already passed many many years back, and like i said, not entirely to blame on James Pang… Also to blame the partner that opened that company with him… Our projects have already taken off, like those in Taiwan, but those current ones like Magic Kingdom in Malacca, is still doing their ground works, but HAVE ALREADY STARTED, so how are u all supposed to say that they have not taken off? And for post #160, the answer to the first question is that in Singapore, any MLM company CANNOT do mainstream advertising in financial, property journals and newspapers as this is considered illegal in the eyes of the law… This partly also answers question 2. The rest of the answer to 2 is that the company is trying to be diverse in any other money making opportunities that will help in its monthly turnover… And we do not put our property to let the public buy them as it was only made for its merchants/members of SE… In time to come, we are planning to build for the public… As for number 3, my guess as to why merchants are avoiding questions is either they cant be bothered and want the public to wait for news or they are plain new merchants and do not really noe how to answer these questions as they might not have asked their respective up-lines on how to answer the expected questions of the public if they were ever asked… I hope that this post will help some of u get some answers to the questions that u guys had asked… If there is anything else, and if i have the time, i will gladly answer those other questions for all to see as well… Have a nice week for all!!
December 12th, 2007 at 4:23 am
Mr. Matthew Tan, you have come to the
wrong forum. This is a private forum
where you don’t even need to register. Try joining other forums
such as skyscrapercity, harwarezone,
sgforums, moneymakergroup and thelocalking and present your sunshine
materials and watch the reaction you
get. You will gain enlightenment.
December 12th, 2007 at 1:11 am
All the start up costs of telecoms, property, etc can easily exceed the entire worth of the company.
Please provide a detailed financial breakdown statement of how much profits are expected.
December 12th, 2007 at 12:21 am
As I’ve read someone post on sgforums…
Where DOES Sunset Empire invest the money into to get such high returns? Don’t say property, telecoms crap. These are “under construction”. Whether they are real is yet to be proven.
What about NOW? Which active project NOW can logically generate such astronomical returns?
And can anyone answer these age old questions?
1) Why doesnt SE do mainstream advertising in financial, property journals and newspapers?
2) Why the internal selling of property? Basic logic says the more people you can reach (advertise!), the more it would sell
3) Why are agents “merchants” advoiding questions?
December 11th, 2007 at 10:09 pm
**If you have good ideas, people will pay money to buy! That’s Sunshine Empire!**
Scams normally are of very very good idea!
December 11th, 2007 at 7:13 pm
People like Matthew will discount all posts whom have no real names…Wake up Matthew! Answer our questions? If you do not know how to answer, ask SE or ask your seniors…How can you put your hard-earned money into SE without knowing how SE generate their income? You should discount SE in the inital stage before you put your money into SE
December 11th, 2007 at 6:27 pm
So SE get all the returns when none of the projects had taken off eh?
December 11th, 2007 at 6:25 pm
Matthew. Answer me this question.
Where does SE get all the returns when none of the projects had taken off?
Phang had cheated people millions of dollars duing Magic Kingdom. Lots of families are ruined because of this.
December 11th, 2007 at 1:57 pm
Lying but Who?
So is CAD being cunning now telling a lie?
Freezing SE Account but yet telling OSAMA they did not do it?
or
SE is using CAD name and cast out a magical “white lie” to prevent massive withdrawal of hard cold cash?
Someone in SE or CAD altered the correct informations being passed down?
Either ways whose head gonna rolls this time?
Why not SE come out with a Official Statement clearly stating that CAD indeed frozen their account therefore can’t do anything atm.
Before someone get a official email from CAD saying there is no evidence showing CAD freezes SE Account.
Do respect the law of Singapore and government agencies, even though you don’t like it or them.
December 11th, 2007 at 1:55 pm
Matthew, this is not straits times forum. You still dun get our point. We are discussing about subject matter, not discussing about real names etc. If you want to discount posts whom have no full/real name, then it is your choice, at the end of the day, you face your downfall. We are just trying to to warn you people against scams.
Why not ask your seniors or SE to do something about our comments? And not keep silent & making crap statements!
Answer us! How SE generate income? How SE make money?
December 11th, 2007 at 11:06 am
If you write to the Straits Times forum, and you don’t put down your real name, then you will NEVER see your article published! That’s THE DEAL.
Ignore or discount postings without real names! MY “DEAL”.
Take responsibility for what you write here, and be prepared to be sued. Then I will take you seriously!
December 11th, 2007 at 11:02 am
If you have good ideas, people will pay money to buy! That’s Sunshine Empire!
Have you forgotten that, if not for the CAD investigation, James Phang was due to receive the “Outstanding Innovative and Global Entrepreneur Award” , and Mr Ignious Yong of EmCom “The Most Potential Enterprise Award”? And the awarding organisation “Global Business Opportunities” cannot be that gookoo right?
Significant proportion of the property units of the various projects have received advance payments even before construction begins!
Read “The Entrepreneur” yourself or ask somebody to interprete it for you!
21 inside pages here:
http://www.youtube.com/watch?v=x5Os5_tt-Xg&eurl=http://www.success-empire.com/EmpPropV.html
December 11th, 2007 at 10:03 am
International Merchant,
you still have not answered my questions on when the nomey is being pumped into.