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 Internet investment schemes that are becoming the latest craze here in Malaysia.
I can’t recall exactly what he wrote but it 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 wrong foot.
Swiss Mutual Fund or Swiss Cash is one of the most popular of such schemes that promise big returns.
Swiss Cash claims to offer a 300 percent returns on investment in just 15 months, an amazing offering for any investment company - especially from one which has only started operating in 2005. This sounds too good to be true and like most things, it probably is. Here’s why.
Confusing facts about Swiss Mutual Fund & Swiss Cash scheme.
- The website claims Swiss Mutual Fund was founded in 1948. It’s 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 year.
An answered I obtained from a self-replicating affiliate website explains this shouldn’t be a concern to investors as the domain name 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 advance.
The whois info shows that the domain was transferred to another server on Jun 21 2006 and later the expiration date was extended to 2011. It contains fake contact information too.
- 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 main 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 try to make it looks legitimate by including stock market performance charts obtained from Yahoo.
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