Telexfree
Search results
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.
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.
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 · While the masterminds behind multi-level marketing company Sunshine Empire — dubbed as Singapore’s biggest Ponzi scheme — were eventually prosecuted and convicted for their fraudulent dealings, it remains uncertain as to whether all of the victims of the elaborate scam could recover their money.
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 buck...
Mar 29, 2021 · While the masterminds behind multi-level marketing company Sunshine Empire — dubbed as Singapore’s biggest Ponzi scheme — were eventually prosecuted and convicted for their fraudulent dealings, it remains uncertain as to whether all of the victims of the elaborate scam could recover their money.
