Is easyphamax a scam

Answer 1

http://www.kidbuxblog.com/talk-business/scammer-companies-in-Malaysia-beware

Most people have heard about EasyPha-max by now. If you have not heard about them yet, this Company has their office in Puchong. The boss is a Dato Yip or Yeap(another Dato !!). He has a younger brother named Danny. They used to market wheatgrass products about 10 years ago under the name of INS. After INS failed, they went into other locally manufactured health supplements using some new tricks like "food-accroding-to-blood-types". It failed and they used the Blue Ocean Marketing Strategy and changed their name to EasyPha-max following James Phang's Sunshine Empire trick of "fixed investment return" to SCAM.

EasyPha-max's fixed investment scam sounded more promising. Besides a false promised fixed return, they advise their members who invested by purchasing around RM30,000 worth of stock each to KEEP their stock with the Company so that the Company will help them to sell their stocks through their online EC shop. This trick also sounded better than Lampe Berger where the victims has no hope of selling their stocks. Even better for the Company, no products need to be given to anyone..

Months passed, of course, the members don't get back any money. News spread, some members even go to make police reports, nothing can be done. The Company management gave some excuses: "We are still helping you to sell your products, which other Comnpany ever help you on that ?" "Will you like us to fail and close shop ? You will lose everything and no chance of recovering back your money if that happens" "Be patient, we will have a new plan out soon that GUARANTEE all of you will get back your money with more income".

Obviously, victims don't hope their Company to close shop. They hope the Company will Continue to do well so that they have a chance of getting their money back. During that time, their Malaysian business started to slow down but their business expanded to overseas, especially China. So more victims from overseas. Meanwhile, the Company leaders or top earners will encourage their members not to talk bad about the Company or say anything negative if they want their money back.

More months passed, and Malaysia has no more new members joining them. Losing confidence, some members started to ask for their products(afterall, better than nothing) . Obviously, Dato Yip will not want to give any products, if possible.. So he must come up with a new trick.

The new trick is using development projects, used numerous times by various scams in the past, most widely known is James Phang's Sunshine Empire. These few days, The Company call in all their local and overseas members and prospects to announce a development plan. They announced they have a few hundred acres of land in Nilai to be developed in many bungalows. Members are offered to purchase first at a special price using their "stock-value" and "bonus points value"(owed by the Company) as down payment. If those points are not enough, they can top up with some cash. How smart, not only the Company don't have to give any stock or money owing to members, they can trick their members to pay more now.

In order to make it more realistic to their members, many developers, designers, advertisers are also invited in for "show" into this "set-up". Hopefully, these people will also ended up paying them to join their scheme because they all hope to get the job. Throughout the whole meeting today, not a single document is shown to prove that there is such a project. This incident showed 2 of the common tricks used by many such scam business, which I call the "future plan" and "set-up" meeting tricks. Later, I will write more tricks and put them under a new topic "Most Common Tricks Used by Scam Operators". Those who wish to read about the other 20 over scams using MLM schemes which I knew, please read in my other thread