I took this off kampunginvestor.com
Am putting this up as a reminder for everyone to be cautious not only off cheat bloggers that gave this place a spanking review but also to be wary of cheat investments schemes such as this too.
Here is the article in which the author relates how he tried to warn people but no one heeded his advice
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I told you so. I made a post on Island Red Cafe more like a ponzi to me five months ago to warn investors of not putting money into such Multi Level Marketing (MLM) plans. It is getting more rampant in Malaysia now a days where unscrupulous people try to make easy money from naive Malaysians.
Many Island Red Cafe supporters claimed that they have stopped receiving food vouchers and cash payouts from beginning of the year. One by one the outlet closes and it’s official now as the police has classified Island Red Cafe as a scam.
The benefits were promised to Island Red Cafe investors :-
•Fixed return RM300/slot each month (5% of the investment) for 1st and 2nd year. So, total that you will get is RM7200.
•Fixed return RM150/slot each month (2.5% of the investment) for 3rd, 4th & 5th. So, total that you get is RM 5400
•RM100/slot food voucher will be given every month & will be given for total 5 years which equivalent to RM6000.
•VIP member discount 15%
•Birthday discount 30%
Such business model of taking other people’s money to pay up the higher rank will never work. Same goes as the Maddoff scam where the exact same business model was used.
This kind of business will die off eventually when there is no more new members signing in to join the business. No new members means no money coming in. When there is no money coming in how to pay the previous members? Only way, close shop!
When the business owners closes shop, you can be rest assured he will do the disappearing act of now you see now you dont!
Who to blame?
Malaysia government
I am pretty sure there are many high rank people involved in approving such business. Just couldn’t understand how can such business model being approved by the Malaysian government. Our government should put a full stop in such schemes which cheats poor innocent Malaysians hard earned money.
Strict rules and regulations should be put upon so that business owners are serious in doing business and not ripped off the consumers.
Consumers itself
Why such business is growing like mushroom? Because consumers allow those business owners to rape them inside out. Consumers are just inviting those unscrupulous business owners to come and cheat their money.
When business owners finds out how naive and easy to con Malaysians, of course they will start a business just to cheat your money. It’s like the supply and demand thing. When the demand to make quick money is high, the supply for such business will be high also.
Blame no others but yourself if you get cheated in such scams.
Conclusion
Nasi sudah jadi bubur is a famous malay proverb. You can’t do much and please don’t dream of getting your money back. It is impossible for such things to happen as we are staying in bolehland! If you are in Singapore, there is still some hope of getting something back but not here! Dream on…
Take this is a lesson and do not indulge yourself in such easy money and quick rich scheme anymore. If you dont believe me, go ahead and get rape by those business owners again and again and again…
