Just like that, SE is gone. All the merchants and leaders are
told to lie low. Avoid the authorities and pretend nothing has
happened.
What is happening in SE now? Every merchant who has made
withdrawals in January HAVE BEEN REJECTED. Reason given is that
Bank accounts have been frozen because of CAD investigation.
THIS IS A LIE. CAD has not frozen SE accounts for investigation.
The only so-called proof that the SE people have is a so-called
letter that they can only produce over the counter, which is a
FAKE. The SE leaders are now planning to run and take the money
overseas.
How are they going to do this? Simple. By Delaying all the
withdrawals as long as possible, they have implemented a so-called
cash card scheme which drags out the application process to 60
WORKING DAYS! thats 12 weeks or 3 MONTHS!!! So all SE merchants
have to WAIT 3 MONTHS to cash out any of their worthless
epoints.
EITHER that, or sell the worthless epoints to new members and
take their cash in exchange for the epoints.
So what does this mean? IT MEANS JAMES PHANG AND JACKIE HOO HAVE
3 months to drag out their promises and escape.
They must be stopped. CAD and the govt and people of Singapore,
lets do our part, stop them!