Beware of this Scam
I got to know a friend that join this system. I hope that the other's won't be cheated. For those who have being cheated, please don't take revenge by cheating others into the system. Careful when you're trying to earn fast cash. People these days are really cunning. Better double check on the existance of a "company" before placing your money down. Good day my friends. Be warned.
Kindly beware of the following scam below: ================================================================= Dear sir, I just came back from Malacca for the convocation. When I met my friends in Malacca, I heard about a company. My friend came to visit me with 2 agents and they began to introduce the company to me. It is a plan where you have to come out RM2500 as the investment. They will give you a set of gold coins which is for memento such as Mother Theresa as the face of the coin. If you introduce your friend to join,until certain stage, you will gain certain amount of money in USD. It is so shocked to find out that many students in MMU joined this scheme. It seemed that the gold coin is not worthing that much,but they just simply circulating the cash by asking more people to join in this scheme. My opinion is this pyramid scheme is not reliable and I am really worry that there will be more MMU students falling into this prey (although they are willing). The students can earn extra income but it seemed not a safe way because when I mentioned about the tax, the agents said they can help us to open a swiss account where only gold quest member can have. It means helping the students to do something agaist the law besides earning extra income. The plan they laid for me is very irresistable cos they claim that if you work hard you will earn RM300k ++ WITHIN 10 MONTHS. They kept saying that you no longer worry about your PTPTN as you can pay the debt with the money. My letter to you is try to gain your attention on this matter. After my other friend and I calculated the percentage, we found that 87.5% of people joining this plan will lost. Those earning will be the one who keep introducing new comers to the plan, which is very rare case. Of course I am not asking MMU to ban this activities among the students ( if you search online, it is ban in US ). I just hope that MMU will take effort to investigate on this matter and educate the students on the pros and cons of it. After all, if they still join, we can't say anything anymore. But we should save those naive students. Thank you for reading this mail. I hope MMU will do something for it. The wave is in both campus already and soon will overwhelm the whole MMU." ================================================================= Thank you for your kind attention. Regards, CITS 2
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