Swiss cash (HYIP) is mutual fund investment program
2007-10-29 00:01:58 · 2 answers · asked by Dr Yomo 1 in Business & Finance ➔ Personal Finance
My impression is that they were a scam. They were not registered in Switzerland. The Swiss embassy says it was obvious that this company used the term "Swiss" in an illegal and fraudulent way to attract customers. The Securities Commission of Malaysia says they were operating illegally in Malaysia. No one can honestly offer rates that high. Use your common sense. They were a scam.
Like most High Yield Investment Programs (HYIP), they have disappeared after taking in a lot of people's money. Of course you can find a lot of websites with names like Swisscash24.com claiming to be the original. If you want to lose more money, invest with them.
See the links below:
Sources:
http://www.eda.admin.ch/eda/en/home/reps/asia/vsgp/ref_bufor/bussgp/sinpub.html
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299
http://www.worldlawdirect.com/article/1934/Swiss_Cash___Swiss_Mutual_Fund_1948_scam.html
2007-10-29 02:59:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
What HYIP isn't SCAM? Answer: None of them.
From what I read, "Swiss Cash" was pyramid sceme that was based in Malaysia that collapsed as they all do.
2007-10-29 01:45:57 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋