SWISSCASH/ SWISS MUTUAL FUND MONIES ARE HELD SAFE BY MALAYSIAN SECURITY COMMISSION

At last there is something that gives swisscash investors all over the world a sigh of relief.

Yes, Swisscash investor funds/monies are not taken over by ‘the scammers’. They are real. And the court case is real. The trial is real. The orders obtained by the Malaysian Securities Commission are real. The websites are still blocked-this is also a reality.The news spread over by the bloggers that “none of the 7 accused attended.” “the SC asked for ten days more time to submit the proofs” “ the next adjournment is either on 8th or on 23rd October, 2007” all are false. And eyewash only.Check it with Malaysian Securities Commission at: http://www.sc.com.my/ press release.

The Malaysian Securities Commission yesterday came out with “a breakthrough in its civil enforcement case against Swisscash internet investment scheme when it secured a Court Order to direct one of the defendants, Amir Hassan, to transfer back to Malaysia all Swisscash monies held in bank accounts overseas within seven days”.The monies mentioned therein goes to the tune of RM35 million (US$10.245 million approx.) held in “six Hong Kong bank accounts and eight Singapore bank accounts.The SC says that the worldwide Mareva injunction is still pending on Swisscash/SMF.

It reminded the investors that the above entities are not registered with Securities Commission and operate in “in the borderless Internet realm.”Once again the SC confirmed that the four websites of Swisscash are blocked by it.Yes, the Swisscash activities are ‘illegal’ from Malaysian Securities Commission point of view because the Swisscash entities are not registered with Securities Commission.

Do you realize what it is and when the frozen swisscash websites will open?

Source : http://ecommerce-journal.com

Swiss Cash Responded - last update 04.10.2007

Swiss Cash sent an update in response to today's Malaysian local news:

"Dear Investors,It was reported today that 8 Malaysians have been apprehended and under questioning by local authorities for cheating a number of investors in their own country. This syndicate had been collecting money from potential investors to invest in many Internet Scams and had never actually invested their money with SwissCash.Swiss Mutual Fund has been coordinating with the local authorities into leading to the arrests of these culprits after receiving various suspicion enquiries and complains.

Again, we urge all investors who had invested or intend to promote our financial facility to not associate yourselves into any tactics of utilizing our facility to soliciting funds from public for your own personal benefit. Swiss Mutual Fund will not hesitate into taking any action against any party and coordinating with any local authorities to stopping their activities should we have found out their involvement in any suspicious transactions.

We would like to also take this opportunity to clarify that SwissCash is the only financial facility we offer to our global investors. We had never backed up or sponsored or launched any other financial facility that caters to the public.

Thank you

Compliance Department

Swiss Mutual Fund"