Telexfree
Search results
Sunshine Empire was a Multi Level Marketing (MLM) company, set up in 2006, based in Singapore. It is now defunct, with assets frozen by the Singapore Court. The company is listed by the Singapore Government's Monetary Authority in its Investor's Alert List, for possibly running investment schemes without authority.
Jan 8, 2018 · SINGAPORE - Ten years ago, the police raided James Phang Wah's plush office suite in Toa Payoh and brought his Sunshine Empire crashing down. Read more at straitstimes.com.
May 18, 2016 · The Sunshine Empire (2006) Guilty As Charged: Sunshine Empire duped investors of millions with Singapore’s biggest Ponzi scheme. Self-styled entrepreneur James Phang Wah promised huge returns...
Dec 20, 2017 · Phang, who was released from Singapore prison in 2017 for a Ponzi scheme, was brought to Malaysia to face two charges of accepting deposits without a license. He allegedly took RM230 million from investors in 2006 and 2008.
Mar 29, 2021 · Sunshine Empire was a multi-level marketing company that defrauded thousands of Singaporeans and Malaysians of over S$200 million. The Singapore authorities confiscated S$21 million in 2007, but have not returned it to the victims despite being convicted and appealed in 2012.
Jan 6, 2018 · SINGAPORE - Retired electrician Choo Lai Chong thought he was onto a sure thing when he invested thousands of dollars in the Sunshine Empire business years ago, but his hopes for an easy...
Mar 29, 2021 · Sunshine Empire was a multi-level marketing company that swindled over S$190 million from thousands of Singaporeans and Malaysians. The Singapore Government has been "safekeeping" the confiscated funds for over 13 years, while the Malaysian High Court seized RM20 million and fined the company.
