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Is Swiss Mutual Fund & Swiss Cash a Scam?

Final modified on 26th Apr, 2007

I was reading the readers' messages section in our local newspaper recently where a guy wrote in voicing his concern over the authorities' negative attitude towards the Internet investment schemes that are becoming the latest craze here in Malaysia.

I can't recall exactly what he wrote only information technology went something like these schemes offer an opportunity for the low income group to improve their livelihood while participating in the country's ICT development.. The authorities plans to crackdown these scheme were unwarranted according to him.

I have nothing against improving livelihood through ICT but what concern me was he didn't realise those schemes got him off on the incorrect pes.

Swiss Mutual Fund or Swiss Cash is one of the well-nigh popular of such schemes that promise big returns.

Swiss Cash claims to offer a 300 percent returns on investment in merely 15 months, an amazing offer for whatsoever investment visitor – especially from one which has only started operating in 2005. This sounds also good to exist true and similar most things, it probably is. Here'southward why.

Confusing facts nigh Swiss Mutual Fund & Swiss Cash scheme.

1. The website claims Swiss Mutual Fund was founded in 1948. Information technology'southward baffling to meet that their web presence merely started in 2005. The SwissMutualFund.Biz domain name was registered in Jun 12 2005 for only one year.

   An answered I obtained from a self-replicating affiliate website explains this shouldn't be a concern to investors every bit the domain proper noun is renewed automatically every yr. OK, but I don't understand why an established visitor which supposedly in information technology for the long run would choose to auto-renew their domain proper noun instead of pre-registering it for several years in advance.

   The whois info shows that the domain was transferred to some other server on Jun 21 2006 and afterward the expiration date was extended to 2011. It contains fake contact information as well.

2. Swiss Mutual Fund owns three websites which are SwissMutualFund.biz, SwissCash.net and SwissCash.biz. Swiss Cash is an investment scheme managed by Swiss Common Fund.

   To the untrained eyes, the chief website at SwissMutualFund.biz is a well designed site belongs to a well established investment company. To me it'south filled with a mediocre sales pitch trying to sell some vague and suspicious investment scheme which guarantees big returns. The website is filled with pictures of people and images unrelated to the company. They fifty-fifty try to make information technology looks legitimate by including stock market performance charts obtained from Yahoo.

   

   I tried to find information near their other services such as the Swiss Trust, Swiss Invest Foundation, Swiss Brokerage and Swiss Disinterestedness but was dissapointed to discover that they either forget to include these or they only run Swiss Cash. SwissCash.Net suffers from the same red flags and SwissCash.biz isn't working.

   Plain, the guy in accuse of managing the fund is Michael Mansfield the Master Financial Officer equally shown below

   

   So beneath is the picture of the financial team

   

   The Financial Team page named 6 people including Michael Mansfield. The remainder are Kurt Sandelman, Rupert Benedict da Vinco, Julia Rodriguez, Hector Willem Sidberg, and Fernando Munoz.

   Now is that a picture of Michael Mansfield on the first right when he was young? In that location are seven people in the motion-picture show only why but proper name six of them? If Michael Mansfield is not in the motion-picture show, why did SwissCash notice the need to include two nameless employers in this supposedly very of import group photo?

3. They claimed that they are based in the Dominica – a statement questioned by many sources. Without a solid proof, everyone can claim anything on the Internet. I can merits I am based in the Republic of Commonwealth of dominica also. Their electric current addresses:

   280 Madison Avenue, 912 – 9th Flooring, New York. NY10016, United states of americaA

   P. O. Box 2342. Roseau, The Commonwealth of Dominica

   Tel: +1 212 386 5570
   Fax: +1 212 386 5573
   [email protected]

   There'due south no telling if those addresses are indeed real unless someone take the time to walk up there and check. But here'south an info I plant

   How-do-you-do, I found that the Swisscash accost really is vest to i of the travel agency called Exlusive Departures, visit http://world wide web.exclusivedepartures.com/ContactUs.html and I have made a call to them, phone no. +i-765 277 6831, there was a guy answering me and he confirmed that the below address is belong to Exclusive Departures:

   280 Madison Avenue, 912 – 9th Flooring,
   New York. NY10016, U.S.A

   He said they are not related to Swisscash and non even heard about Swisscash office around their edifice expanse, or same floor with them – 9th floor…..

   So the Swisscash address is still questionable now?? Maybe someone who stay nearby can really walk to that building to find out where is the Swisscash part for a concluding confirmation…….

   Looks to me they have a virtual present in that edifice where their address points to a not-existance concrete office. Now tell me where does the grandiose looking role shown in their Financial Team folio located? Fake photo detected!

   The domain for the the back up email Scsupport.net is a parked domain – quite strange for a cocky-proclaimed multi-million dollars visitor.

   Equally for the telephone number, several people did attempt to phone call them, the line was manned just it seemed they were outsourced to a 3rd political party personnels who were not very familiar with the concern operations of Swiss Mutual Fund or Swiss Cash.

4. Legit investment companies disclose how and where the investors money is invested in, illegal ones give excuses to hide this information to cover their tracks.

   From their affiliate FAQ page

   We are sorry to inform you that how SwissCash Global Investors fund are managed is role of SMF Private Investment Policy. SwissCash fiscal facility does non function by explaining to its investors how their money are invested. It functions by paying a fixed render for the investment made. Swiss Mutual Fund has and will always practise investment with just legitimate business. We have been operating for nearly 60 years and volition not jeopardize our reputation with investment in businesses that is not legal.

5. Swisscash.biz had used a mail server located in Malaysia with the following IP address 202.189.46.230. That server hosted several websites – one of which was emobile2u.cyberspace. This website was associated to a now defunct get rich scheme at empireddreams.com

   Their respond to this

   Our database and ftp servers are situated in US as well every bit other places. Nosotros do have mail servers in Malaysia , Hong Kong , Australia , UK , Brazil and The states. If you trace the source of our mail servers from the electronic mail that you received, you will find that its IP
   could originate from whatever of these countries.

   They claimed that they are not registered in Malaysia , therefore are not a Malaysian company. Strangely enough nigh of their investors come from countries in South East Asia, namely Malaysia , Singapore and Indonesia.

6. Depository financial institution Negara Malaysia & Securities Committee of Malaysia had issued a press released giving out warnings on Swiss Cash or Swiss Mutual Fund.
   

   Bank Negara Malaysia and Securities Commission of Malaysia would like to inform members of the public that Swiss Mutual Fund, the company that is promoting the Swiss Cash fund, is not licensed or exempted from licensing past Bank Negara Malaysia to accept deposits nor is it licensed by the Securities Commission to carry out nugget management activities or services in Malaysia. Swiss Cash fund promoted by Swiss Common Fund has non been canonical nor endorsed by the Securities Commission.

   Without a valid license, Swiss Mutual Fund is basically doing business illegally in Malaysia .

7. The Hong Kong Securities and Futures Commission listed SwissCash.biz, Swisscash.net and Swissmutualfund.biz every bit scam websites.
8. The Switzerland embassy in Malaysia & Singapore denied that the scheme is registered in Switzerland . Here's the full alert issued by the Swiss embassy.

   The Swiss Common Fund (1948) and or Swiss Cash are not registered companies in Switzerland . Until proof of the contrary, the Embassy doubts that the remarks about these funds and their historic links to Switzerland as outlined on their original website are 18-carat. The original website is indeed registered in the USA and the contact telephone number is from New Bailiwick of jersey (United states of america).

   It is obvious that this company uses the denomination "Swiss" in an illegal and fraudulent style to attract customers .

   Moreover, the promotion of the fund seems to piece of work via agents on a MLM arrangement which appears to be shut to a Pyramid scheme. Pyramid schemes are illegal in Switzerland .

   The Embassy does therefore non recommend these funds as an investment opportunity.

9. MayBank issued a statement that MayBank2U.com trademark has been used without their consent in the brochures of Swiss Greenbacks.

At present after reading this, exercise you yet think Swiss Mutual Fund and Swiss Cash as legitimate businesses?

Victor

An engineer past training, Victor has been working full-time online as an Internet marketer, a programmer and an app developer since 2001. He has been blogging at Sabahan.com since 2006 sharing his experience and instruction people how to make money online. Click hither to join his private Facebook Grouping for bloggers.

greenbergwrive1959.blogspot.com

Source: https://www.sabahan.com/is-swiss-mutual-fund-swiss-cash-a-scam/

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