Tuesday, October 13, 2009

Sunshine Empire Ponzi Scheme.

An advertisement reads:-
""SUNSHINE-EMPIRE SDN BHD
NO.12 GROUND FLOOR, KUB.COM,
JALAN YAP KWAN SENG, 50450 KUAL LUMPUR
EMAIL-VJ668@YAHOO.COM.SG
WEBSITE-WWW.SUNSHINE-EMPIRE.COM
http://www.emcomgroup.net.tw/
DEAR VALUE CUSTOMER ,

OUR COMPANY BUSSINESS HAVE DEVELOPER TECHNOLOGY, PROPERTY AND EMALL SHOPPING CENTRE, THIS COMPANY IS A INTERNATIONAL COMPANY ON TAIWAN, MALAYSIA, SINGAPORE, HONG KONG, AND INDONESIA.
CURRENTLY OUR COMPANY ARE OPEN MARKET TO PARTNERSHIP SHARE DEVELOPER IN FUTURE TECHNOLOGY OVER TAIWAN 4G. IT IS A AMAZING LATEST TECNOLOGY...SO WHOSE ARE INTEREST PLS VISIT TO OUR WEBSITE.
EXAMPLE-DIVIDEND PER UNIT HAVE TWO TYPE, GUARANTEED TO GET BACK 10 TIMES FROM YOU INVESTMENT. WHOSE HAVE ANY DOUBTFUL PLS EMAIL KIANLEONG23@MSN.COM GET MORE INFORMATION FO THIS COMPANY .""
James Phang Wah, 49,the Chief Executive Officer,the man behind multilevel marketer Sunshine Empire, which pulled in $189 million from investors here in Singapore, is facing 20 charges, including running a fraudulent business and criminal breach of trust.
The alleged scam attracted tens of thousands of unwitting investors.
He once claimed to be better than Warren Buffet.
Tracking the Dow,Tuesday 13/10/09.(3 market days to Index Futures Expiry)
Asian Index Futures:(13 market days to expiry)
9:30am:--Bearish open over 30.0 points gap-down.
A downgrade of Goldman Sachs (GS) by Meredith Whitney Advisors has caused a bit of a stir among premarket participants.
10:30am:--First hour low rebounded to MAV.
11:30am:--Bullish inverted hammer MAV breakout.
12:30noon:--Morning session high established with triple bearish dojis.
1:30pm:--A pullback to bull pivot with bearish dojis in distribution .
2:30pm:--Completed pullback to day's MAV support followed by bullish harami.
3:30pm:--Pierced through bull pivot with a shooting star.
4:00pm:--A graveyard doji.
Follow through caution.
The October bulls are now 220.54 points versus the bears with 281.20 points since the month's opening.The bulls are still very weak
A weaker greenback has been a strong underpinning of the stock market's recent gains, but its affect on stocks this session was mitigated by caution among participants ahead of a flurry of upcoming earnings announcements.
Tuesday's session ended with another dragonfly doji but with a small black body.It can also be a hangman.