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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 · His Multi-Level Marketing (MLM) company, Sunshine Empire, lured Singaporeans into handing over nearly $190 million. In July 2010, he was sentenced to 9 years in prison and fined $60,000 for ...
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...
Mar 29, 2021 · Sunshine Empire was charged in Malaysia in March 2009 under the same act for accepting deposits from the public without a valid licence. The company pleaded guilty and was fined RM2 million in June 2010. Jackie Hoo Choon Cheat, Sunshine Empire’s director, was handed a seven-year jail term in Singapore.
