In 15 months, Sunshine Empire actually amassed $180million from 20,000 people.The trio pocketed the following amounts in this short time: James Phang Wah - $7million, Jackie Hoo Choon Cheat - $1 million and Neo Kuon Huay (James Phang's wife) $1 million!
When reporters went undercover and first broke the news, their Posh office in Toa Payoh was pictured, details of their investment projects such as underwater hotel was revealed! For a fee of $240 to $12,000 victims were promised 160 per cent of the value with its customer rebate points. 60% returns on your investments. Immediate with no risks?! Alarm bells should have been blaring.
If you know of anybody who fell victim to Sunshine Empire's Ponzi-like scheme,
there was a How to get money back section.
Visit Commercial Affairs Department website at www.cad.gov.sg for information.
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Q | I have paid money to Sunshine Empire. Do I need to make a report? |
A | There is no need to make a report to police at this point in time. |
Q | What will happen after I provide CAD with my particulars and details of my dealings with Sunshine Empire? |
A | The CAD will contact you, if you are required to further assist in the investigation. Updates of significant developments on the investigation will be posted in the CAD website at ww.cad.gov.sg. |
Q | Are there any hotlines that I can call if I have queries on the matter? |
A | You can contact the CAD office at 6557 5459 during office hours. Our office hours are 8.30 am to 6.00 pm on Mondays to Thursdays and 8.30 am to 5.30 pm on Fridays. |
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