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Is Swiss Mutual Fund & Swiss Cash a Scam?

Last modified on 26th Apr, 2007

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

I can't recollect exactly what he wrote but it went something similar these schemes offer an opportunity for the depression income group to better their livelihood while participating in the country's ICT evolution.. The authorities plans to crackdown these scheme were unwarranted according to him.

I accept nothing against improving livelihood through ICT but what concern me was he didn't realise those schemes got him off on the wrong human foot.

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

Swiss Cash claims to offer a 300 per centum returns on investment in just xv months, an amazing offering for whatever investment visitor – specially from one which has only started operating in 2005. This sounds too skillful to be true and like most things, it probably is. Hither'south why.

Confusing facts nearly Swiss Mutual Fund & Swiss Cash scheme.

1. The website claims Swiss Common Fund was founded in 1948. It'south baffling to see that their web presence just started in 2005. The SwissMutualFund.Biz domain name was registered in Jun 12 2005 for only one twelvemonth.

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

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

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 Mutual Fund.

   To the untrained eyes, the principal website at SwissMutualFund.biz is a well designed site belongs to a well established investment company. To me it's filled with a mediocre sales pitch trying to sell some vague and suspicious investment scheme which guarantees large returns. The website is filled with pictures of people and images unrelated to the company. They even endeavour to make it looks legitimate by including stock marketplace performance charts obtained from Yahoo.

   

   I tried to find information about their other services such as the Swiss Trust, Swiss Invest Foundation, Swiss Brokerage and Swiss Equity but was dissapointed to observe 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 Chief Financial Officeholder as shown below

   

   Then beneath is the motion picture of the financial team

   

   The Financial Team page named half-dozen people including Michael Mansfield. The residuum 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 correct when he was young? At that place are seven people in the picture show merely why only name six of them? If Michael Mansfield is non in the picture, why did SwissCash observe the need to include ii nameless employers in this supposedly very important group photo?

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

   280 Madison Avenue, 912 – 9th Floor, New York. NY10016, United statesA

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

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

   In that location'due south no telling if those addresses are indeed existent unless someone take the time to walk up there and check. But hither's an info I found

   Hi, I found that the Swisscash address really is belong to one of the travel agency called Exlusive Departures, visit http://world wide web.exclusivedepartures.com/ContactUs.html and I have made a telephone call to them, telephone no. +1-765 277 6831, there was a guy answering me and he confirmed that the below address is belong to Exclusive Departures:

   280 Madison Artery, 912 – 9th Floor,
   New York. NY10016, U.S.A

   He said they are not related to Swisscash and not fifty-fifty heard nigh Swisscash office effectually their building surface area, or same floor with them – 9th floor…..

   So the Swisscash address is still questionable now?? Maybe someone who stay nearby can actually walk to that building to detect out where is the Swisscash office for a final confirmation…….

   Looks to me they have a virtual present in that building where their address points to a non-existance physical office. Now tell me where does the grandiose looking function shown in their Financial Team page located? Imitation photo detected!

   The domain for the the support email Scsupport.internet is a parked domain – quite strange for a self-proclaimed multi-million dollars company.

   As for the phone number, several people did try to call them, the line was manned but it seemed they were outsourced to a third party personnels who were not very familiar with the business 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 data to cover their tracks.

   From their chapter FAQ page

   Nosotros are sorry to inform yous that how SwissCash Global Investors fund are managed is function of SMF Private Investment Policy. SwissCash financial facility does not function past explaining to its investors how their coin are invested. It functions by paying a fixed return for the investment made. Swiss Mutual Fund has and will e'er practise investment with only 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 – 1 of which was emobile2u.internet. This website was associated to a at present defunct get rich scheme at empireddreams.com

   Their answer to this

   Our database and ftp servers are situated in US also every bit other places. Nosotros do have mail servers in Malaysia , Hong Kong , Australia , Uk , Brazil and Usa. If you trace the source of our mail servers from the email that you received, you lot will find that its IP
   could originate from any of these countries.

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

6. Bank Negara Malaysia & Securities Commission 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 similar 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 by Bank Negara Malaysia to accept deposits nor is it licensed by the Securities Commission to bear out nugget management activities or services in Malaysia. Swiss Cash fund promoted by Swiss Mutual Fund has not 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.internet and Swissmutualfund.biz equally scam websites.
8. The Switzerland embassy in Malaysia & Singapore denied that the scheme is registered in Switzerland . Here's the full warning issued by the Swiss embassy.

   The Swiss Mutual Fund (1948) and or Swiss Greenbacks are not registered companies in Switzerland . Until proof of the contrary, the Embassy doubts that the remarks virtually these funds and their celebrated links to Switzerland as outlined on their original website are genuine. The original website is indeed registered in the USA and the contact phone number is from New Bailiwick of jersey (The states).

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

   Moreover, the promotion of the fund seems to work via agents on a MLM arrangement which appears to exist close 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 argument that MayBank2U.com trademark has been used without their consent in the brochures of Swiss Cash.

Now afterwards reading this, do y'all still think Swiss Common Fund and Swiss Greenbacks every bit legitimate businesses?

Victor

An engineer by training, Victor has been working full-time online every bit an Internet marketer, a programmer and an app developer since 2001. He has been blogging at Sabahan.com since 2006 sharing his feel and pedagogy people how to make money online. Click here to join his private Facebook Group for bloggers.

summersferesher.blogspot.com

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