Is SwissCash for real?

This was a old post, but I reposted this now that more ponzi schemes are in Singapore. Also see Kinlian blog.

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I first heard of this new investment scheme call SwissCash from Tim. At that time, its 300% profit over 27 months claim sound just too incredible to believe and I left it to one side. Later on, I have old friends calling me who also told me about SwissCash. Not only were they investors, some were also referrers (those who earns a commission by getting others to invest). It peaked my interest because my friends were reaping quite healthy profits from it either being an investor and/or a referrer. Of course, the catch here is that SwissCash is an offshore investment scheme, you basically have to trust your money with the referrer.