Singapore Mlm
Can a MLM sell investment plans to raise money for another company’s project?
A wireless company ENCOM was recently set up in Singapore. They are using Sunshine Empire Alliance, a Malaysian company, to raise money for a wireless project in Taichung in Taiwan. Sunshine Empire Alliance will return the so-called dividends back to the investors (Partners). Investment goes up to USD$6900, and they promise a total return of 200% in 18 months, and up to USD 700 will be returned to the investors per month.
Just how legal is such a system? And what must we watch out for?
Fortunately, you do seem to have a sixth sense that this scheme is totally off-the-wall. When they talk about a return of 200% in 18 months is when you have to start laughing.
It’s not a question of legal or not. The scheme is offshore and you seem to be in the US. There’s no international body of law that could protect you. If you’re in Malaysia, perhaps the securities legislation of that country would provide some protection against pirates, but then, if you’re in Malaysia you’d know that.
If you’re not in Malaysia there’s nothing to prevent Sunshine from disappearing with the loot.
In case you missed my point, please find something else for your hard-earned savings!
Network Marketing Mlm Singapore strategies advice tips: sponsoring downlines 2/7
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