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Sunshine Empire MLM Boss Kena Charged
- Thread starter SneeringTree
- Start date
Whenever people get to see just how little is left in the CPF, 66% will realise how gullible they have been
akan datang
ermm...
and your point is???
so?? its acceptable is it? like someone is better becos he only killed 2 persons as compared to hitler who killed millions..
Huh, you mean these people didn't get their fancy cars through honest means? I am shocked! 
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The $$$ dun tally leh, reported the company collected $180 million but the charges are less than $1 million for each culprit except Phang. Where the rest of the money go to?
No wonder that Phang still smiling, LOL
How can our Singaporean Law does such mediocre investigative work ?
The same 66.6% gleefully vote for the MIW's, who insults our intelligence, & screw us all.:p
There's a sucker born every minute. What a truism!
In these types of pyramid selling, my math tells me that by the 4th or 5th level, if you come in at that level, you will have to find over a million people to subscribe to or buy yr product or believe yr nonsense to be yr downline, to feed you and those above.
Never join in unless you are at the pioneer level selling a sell-by-itself product which will guarantee you a good early chance to develop downlines for yr foodchain. Get in early and get out early.
In these types of pyramid selling, my math tells me that by the 4th or 5th level, if you come in at that level, you will have to find over a million people to subscribe to or buy yr product or believe yr nonsense to be yr downline, to feed you and those above.
Never join in unless you are at the pioneer level selling a sell-by-itself product which will guarantee you a good early chance to develop downlines for yr foodchain. Get in early and get out early.
brother, i think u r confused. the maginetic business is by dolphin warriors another MLM which had not be called to court.
this empire is based in toa payoh HDB hub. it sell medicine, feng sui, and some funny clothes that is supposed to control obesity.
seriously i donno they are in being prob since 2007, because one month before they are being charged offically, their salesman are still pursuading me to join me saying its a sure way to get rich. i still remember my reply is that if its so easy to get rich den there wun be poor ppl in sg.
He is commenting about other similar MLM businesses that have propped up since the ban on these businesses were lifted in the mid 90s. There have been so many of these businesses selling from magnetic beds to vitamins. Have to thank Ho Peng Kee, Minister of State for law then, who lifted the ban.
That ban was placed after the Gemini Chit Fund scandal of the 1970s where people lost their fortune.
That ban was placed after the Gemini Chit Fund scandal of the 1970s where people lost their fortune.
It's Sunset now.
Jul 16, 2010
Sunshine Empire trio guilty
By Khushwant Singh
A DISTRICT court convicted former head of Sunshine Empire James Phang Wah, 49, and ex-director Jackie Hoo Choon Cheat, 29, on Friday for perpetrating a fraud and for criminal breach of trust.
Phang and his wife Neo Kuon Huay, 46, were also found guilty of falsifying accounts. The trio will be sentenced on July 30.
During the two-month long trial that started last October, the prosecution presented evidence that the two men had misled participants about the customer rebate points (CRP) earned by buying the firm's lifestyle packages. The duo had claimed the CRP was derived from the firm's turnover on the e-mall platform.
While this sounds impressive, it was essentially meaningless, as the e-commerce platform generated no additional income for Sunshine, District Judge Jasvender Kaur noted.
The CRP was paid out from the sale of new packages and since the rebate points could come up to 160 per cent of the cost of a package, the scheme was doomed to fail, the judge said on Friday.
The court also ruled that both men had committed eight CBT offences by paying Neo a monthly commission of one per cent of total sales under the guise that she was the firm's group sales director.
Phang and his wife were also convicted on six charges of falsifying accounts for the payment of these commissions.
Phang and Hoo face a maximum of $15,000 fine and seven years' jail for fraudulent trading. For the CBT offences, they face a maximum of life imprisonment and a fine. The maximum penalty for falsifying accounts is seven years' jail with a fine.
Was told a funny story about the hearing. When the court read out his full name, this Mr Hoo loudly exclaimed: "your honour! i am innocent until proven guilty!" The whole courthouse laughted.
With a sense of humour like that, prison won't be such a grim place for him.
I hope the court will come down hard on them.
Jul 16, 2010
Sunshine Empire trio guilty
By Khushwant Singh
A DISTRICT court convicted former head of Sunshine Empire James Phang Wah, 49, and ex-director Jackie Hoo Choon Cheat, 29, on Friday for perpetrating a fraud and for criminal breach of trust.
Phang and his wife Neo Kuon Huay, 46, were also found guilty of falsifying accounts. The trio will be sentenced on July 30.
During the two-month long trial that started last October, the prosecution presented evidence that the two men had misled participants about the customer rebate points (CRP) earned by buying the firm's lifestyle packages. The duo had claimed the CRP was derived from the firm's turnover on the e-mall platform.
While this sounds impressive, it was essentially meaningless, as the e-commerce platform generated no additional income for Sunshine, District Judge Jasvender Kaur noted.
The CRP was paid out from the sale of new packages and since the rebate points could come up to 160 per cent of the cost of a package, the scheme was doomed to fail, the judge said on Friday.
The court also ruled that both men had committed eight CBT offences by paying Neo a monthly commission of one per cent of total sales under the guise that she was the firm's group sales director.
Phang and his wife were also convicted on six charges of falsifying accounts for the payment of these commissions.
Phang and Hoo face a maximum of $15,000 fine and seven years' jail for fraudulent trading. For the CBT offences, they face a maximum of life imprisonment and a fine. The maximum penalty for falsifying accounts is seven years' jail with a fine.
Changi Holiday Resort would be a nice and fun place for them to retire! Membership there is only exclusive to those who paid a huge premium for it!
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