Investors are advised to be prudent in making any decisions on investing with a company called SwissCash and SwissMutualFund. Should you run across their sites online or get invited (referred) by current members of this investment to join them, please consider the facts in the next few paragraphs. There are many red flags that should be a warning sign for anyone contemplating on parting with their money.

The heat is definitely on for both SwissMutualFund/Swisscash as current investigations and litigations are in the works from various international governmental agencies. Most notably, the Malaysian government has blocked a number of websites connected with SwissMutualFund/Swisscash (swisscashguide.com, swisscash.net, swisscash.biz and swissmutualfund.biz) citing the websites offers an illegal investment scheme.

In a press statement, the Malaysian Securities Commission reminded investors that neither Swiss Mutual Fund (SMF) nor Swisscash (SC) is licensed by the commission. They also stated that the activities of SMF/SC had also been declared illegal in several other countries such as Jamaica and China. This is only the beginning as other countries follow suit.

“The commission said it would continue to take all measures to combat investment scams, including blocking access to more websites, and taking appropriate enforcement action against its operators and agents.”

Currently, there have been no public comments from the U.S. government in regards to SMF/SC even though SMF/SC claims to have an office in New York. Any company that sells securities in the U.S. is required to register with the SEC. A little due diligence reveals that the New York address that is given on the SMF/SC website is nothing more than a virtual office that is shared by other companies. The telephone numbers are being answered by an answering service that is not aware of what SMF/SC is.

Here is the address and phone number of the so called New York office of Swiss Mutual Fund found on the website. Incidentally, this address is shared with a travel company called Exclusive Departures Ltd.

280 Madison Avenue, 912 – 9th Floor,
New York. NY10016, U.S.A
(212) 386 5570
(212) 386 5573

Too Good To Be True:

It must be noted that SwissCash claims to be backed by Swiss Mutual Fund that has been around since 1948. There is no evidence that such a mutual fund exists. No historical data or performance recorded anywhere. All their online sites have been created recently or as early as 2005. For a 60 year old company, one would think they would have more of an established presence or at least for public relations.

One of their newly introduced investment plans, SIP25, claims an incredible return of 25% per month on the principal invested -forever. While it is possible for some types of investments can return 25% or better in a month, there are no real investments that will make a bold claim of having a set return that high consistently or consecutively for a long period of time.

Do Not Let the Name Fool You

In the world of finance, Switzerland is well known for strong privacy laws; a tax haven for high net worth individuals and their offshore investments. SMF/SC is playing on this association to convince potential investors. There is no current affiliation with Switzerland.

In fact, SMF/SC is using an address in Dominica and previously in Cyprus.

P. O. Box 2342. Roseau,
The Commonwealth of Dominica

What Happens Next?

It appears that the SMF/SC websites are currently down. Forum and blog buzz suggests that they will reappear in 2008 under a new site and location. This time, they will have an address in Belize with a new affiliation with a new company and/or name called SunTraders.com.

Dominica was once a location for prevalent tax evasion and fraud for expatriates. In recent years, the government has become stricter and cracked down on who they allow to be registered in their country. It appears that SMF/SC under the pressures of many governments like Malaysia, Jamaica, and China is now finding it hard to stay in Dominica as well.

Belize is a little bit more relaxed on setting up an international business corporation and so it is only proper for SMF/SC to find it appealing as a new place to set up shop. Soon, they will run out of places to hide.

Conclusion:

Swiss Mutual Fund and SwissCash offer no transparency for an investment company that claims to have Billions in assets. In my opinion, three governments discrediting SMF/SC is enough to file this under scam. (The Switzerland Embassy also acknowledges that no such company is registered in Switzerland.) Investors are advised to satisfy their due diligence completely if they are still considering to invest. Just be warned!

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