The SE Merchant being sued, owned a now defunct website known
as: www.sunshine-empire-holdings.com.
In it, he leaked information (unknown to the Public) that SE Mgmt
Staff were going to recieve awards during the coming Global
Business Opporunities Forum (http://gboforum.com/).
The leak resulted in the news below:-
Awards for 2 MLM execs
'withdrawn'
Straits Times, The (Singapore)
Money
November 8, 2007
Author: Lorna Tan, Finance Correspondent
AWARDS earmarked for two businessmen linked to controversial
multi-level marketing (MLM) firm Sunshine Empire have been
withdrawn.
Industry sources told the The Straits Times that Mr James Phang and
Mr Ignious Yong will not get the gongs at the Global Business
Opportunities Forum next week.
Mr Phang, the man behind Sunshine, was due to receive an
outstanding and innovative global entrepreneur award.
He is the founder and international president of Empire Group
Alliance, of which Sunshine is an associate firm.
Mr Yong, managing director of Mr Phang's telecommunications arm,
Empire Communications, was due to get an award for most potential
enterprise.
The organisers reviewed their list of winners after recent press
reports about Sunshine.
On Oct 24, The Straits Times reported that Sunshine was under the
authorities' spotlight, as its activities appeared to be more of
those of a pure investment scheme, for which it is not licensed.
Sunshine has been named on the investor alert list by the Monetary
Authority of Singapore since September.
The forum organiser declined to comment.
Copyright, 2007, Singapore Press Holdings Limited
Actually, this suit will do more harm than good to SE.
The main website http://www.sunshine-empire.com contains little or no
information about the networking method of SE, while almost
ALL SE MERCHANTS all over the world will publish SE logos,
'investments' plans, high sales, payslips etc to attract new SE
members to sign up.
What this suit essentially means, no SE Merchant is allowed to
promote SE recruitment, sales targets, property venture details
etc...
Then SE should publish the information themselves rather than leave
it to their Business Partners, and then sue them when things go
wrong!
