In October 2006, in Malaysia, two prominent members of society
and several others were held for running an alleged scam, known as
SwissCash or Swiss Mutual Fund (194
. SwissCash offered
a returns of up to 300% within a 15-month investment period.
Currently, this HYIP investment is offered to citizens of Malaysia,
Singapore, and Indonesia. It claimed investorsÂ’ funds were
channeled to business activities ranging from oil exploration to
shipping and agriculture in the Caribbean. The company claims to be
operating out of New York and incorporated in Commonwealth of
Dominica.[8] [9] [10]
source:http://en.wikipedia.org/wiki/Ponzi_scheme
