Scam Investments | Ramblings of an e-trader

Tuesday, 24 April 2007

Scam Investments

As you know, the Government has (finally?) decided to take action against HYIP companies and those who are involved in internet and phone/SMS scams.

The following is a list (a mighty long one, if I may say so) of scampanies that have been highlighted and blacklisted by the Securities Commission of Malaysia for their scam investment activities, promising high yields to investors, which are, if you just spend one more minute to think about, is too good to be true.

While this is a long list, I believe it is not comprehensive. There may be some more which are not yet unearth, so I will be updating this post as and when I am given more information. If you do have more detailed information, please do let m know.

If you have invested into any of these companies, my advice to you is to take good care of your investments. A bird in the hand is worth two in the bush.


Here they are:
Al-Arabic Fund
ABB Fund
Artemis Wealth Mgmt
Asia Wallet (ASW)
AM Global Mgmt

BHGe-investment
Bidvask Investment Ltd
Buyebarrel
Brentwood Trust
Belton Market

Cambridge Capital
Capital Enhancement
Capital Glory

Data Saham
Dragon Gold
Duit Wayang
Dana Futures
Dana Modal
Debenture Petal Trust

E-Suisse Fund
Euro America Index
E-Barrel

GC Group A. Mgmt
Good Credit A. Mgmt
Gold Quest Int.
Goldmill Wagner Ltd
Global Investment Net.

Hibah Funds

IPC Shopping Services

Jai Network Sdn Bhd

Lempe Berger
Lexworth Prestige

Mercury Acquisition Assoc.
Montego Finance& Sec.
My Dinar
Matrix Cash
Mind-X Solutions
My Share

Oregon Invest
Ocean Balance Ltd

Pure Investor/PIPS
Prowealth Solution

Quest International
Quest

Remisier

Sunshine Empire
Swiss Mutual Fund
Sweden Fund
Solid Group
Solid Investment
Smartcash
Sime Securities
Starr-Bradley Assoc.

Tian Ping

United Capital Mgmt.
Universe Asset Mgmt.

Whitman Pearce & Partner
www.32505.com

3A Consulting Group

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