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Swiss Mutual Fund Scam Busted In China

What took them so long?! And I thought Malaysia has slow idiots running KPDNHEP.

Anyway, the modus operandi is typical, and I’m very happy that scammers like these are being choked of their potentially largest victim supply:

Authorities in Tai’an city, in the eastern Shandong province, uncovered the scheme named “Swiss Mutual Fund” in May, which was found to be illegal after investigation, xinhua said.

“It required each investor to pay 8,000 yuan ($1,052) and promised to pay back 400,000 yuan ($52,000) in 30 months”, the report said.

Two men have been charged for the scheme.

The uncovered scheme in Tai’an is just part of China’s campaign against pyramid selling from July 16 to August 15 this year, xinhua said.

Personally, I think that direct selling (both MLM and SLM) should be more tightly controlled. There’s way too much lying and scamming going on in this area.

Does Text-Link-Ads.com Know Something Their Publishers Don’t?

Recently, TLA has been sending out emails to publishers notifying them of changes to their affiliate URLs. Apparently TLA is now using TinyURL’s redirecting service to replace their direct affiliate links.

According to the email, the reason for these changes are:

  • To shorten the referral URL
  • To secure the affiliate link

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mTouche’s Venture Receives Global Investment Worth US$5.25 Million

mTouche Technology

KUALA LUMPUR, 21 August 2007 – MESDAQ-listed mTouche Technology Berhad (mTouche) today announces that global venture capital firm Canaan Partners (Canaan) has invested a total of USD5.25 million in mTouche’s UK-based affiliate Cellcast plc. (Cellcast).

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How To Develop Product Hype Like Apple

If you’re a business, then one of the things you pray for constantly is that your products will be popular and thus sell more. However, what if your product is still being developed but you really want to find out what potential customers’ think of certain features?

It’s simple, really; leak the information!

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Chinese Company Sues Google

A Chinese company is suing Google Inc. because the search giant’s Chinese name is too similar to it’s own. Their demand is pretty simple actually; Google should change its Chinese name to something else… anything but the Guge it’s using now:

A spokesman for Beijing Guge Science and Technology Ltd. Co. said Google’s commercial name had led to the company being constantly disturbed by people calling up its office trying to contact the search engine.

“We just want Google to change their commercial name,” Tian Yunshan, a company official, told Reuters on Friday. “We have already passed our demands on to Google … We will see what happens in court.”