It has come to my attention that an "investment" scheme is openly being marketted in Singapore through open seminars held in hotels. This is known as SwissCash. The returns are too good to be true. A person sought my advice on this and told me that for $1000 invested, he is promised a cumulated return of $3000 over 15 months period. The following mathematics involved will demostrate that this a fraud:

 For 15 months, a $100,000 will grow to $300,000. If this sum is reinvested back for the next 15 months and so on, by the 24th ilteration (or end of 30 years), the investment will be: $28,242,953,648,100,000. Yeah, as can be seen this is plain fraud.

 In Singapore, anyone soliciting for investment sales is required to be an exempt or licensed financial adviser regulated under the Financial Advisers Act. This applies regardless of whether the investment is "offshore" or otherwise.

Here is a newspaper article about the scam that had occured in Malaysia: Two Datuks held over Internet scam

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