Dear Sg Forums Members,
After more than a year since the authourities began
investigations into Sunshing Empire led by Commercial Affairs
Department (CAD) , Mr. James Phang and 3 other accomplices have
begin officially charged in Singapore on grounds of criminal breach
of trust (CBT). The news was reported on the The Straits Times on
Feb 2009 and some chinese local newspaper. When the news hit the
headline of the local newspapers such as The Straits Times, Lianhe
Zhao Bao, Lianhe Wan Pao, Xinming, it created an uproar of the
multi-level marketing arena as many were affected and involved.
We were following up closely and were looking forward to the
trial scheduled on 5th March 2009. However, till date, the media
has not reported any of the follow up on this case.
I am sure many wish to follow up and be updated on the charges
on the President, Directors of Sunshin Empire, sentence of the
those who are charged, and of course very curious and excited to
know the Singapore legal system's tolerance on "ponzi scheme" if
found guilty.
Anyone has update on this case??
Hope the local media can report on its update of this case.