Finally, the buck of one of the most prevalent online scam (using investment trust fund as a disguise) stops here…
The Securities Commission (SC) obtained a court order yesterday to retrieve RM35mil in SwissCash money held in 14 overseas banks and have it sent back here.
After the money is transferred to Malaysia, it would be frozen pending the outcome of a civil suit brought by the SC against Amir Hassan, Albert Lee Kee Sien, Kelvin Choo Mun Hoe, Dynamic Revolution Sdn Bhd, Swiss Mutal Fund (1948) S.A. SMF International Limited and SMF (1948) International Limited, the SC said in a statement.
Swisscash is a worldwide online investment scheme that promises high returns. It is illegal in Malaysia and the SC has described it as a scam.
Source: The Star Online
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