It's Over.

Swisscash has closed its doors to Malaysian investors.
This was announced by the management of Swisscash on June 15th, 2007 (Friday).

It claims it has no other alternative than to make that painful decision in order to preserve its good image which has been continually been challenged by the Malaysian authorities and press with the continual publication of malicious info on SC and SMF in the past few months.

The top uplines in Malaysia are currently negotiating with Swisscash to get back the money for their downlines. I myself am waiting for the return of my principal and the payment of my first return. I don't expect to get all of it back. I will consider myself lucky if I get to see a single cent at all.

Yes, it is difficult being a Malaysian sometimes when you want to make some extra income. Clickbank doesn't want us in internet marketing and now Swisscash doesn't want us in investment. Sigh.

Securities Commission Of Malaysia Acts

I'm sure by now every Swisscash investor in Malaysia knows that the Securities Commission of Malaysia will be taking action to block scam investment websites starting 11th June 2007. When the announcement was made on 31st May last week, the news spread like wildfire and you have to be living under a rock not to know about it. The scary thing is it is possible for the Securities Commission to carry out such an act. If they do it, then it will perhaps be the first time that there is a censorship of internet in Malaysia.

In my opinion, it will be unjustified if they block Swisscash. I mean does SC fall into the category of scam websites as so far they have paid out returns to their investors every time. They haven't cheated anyone yet, have they ? So I'm feeling kind of confident that my investment will still be intact come 11th June ...cough...cough.