of sunshine empire chief charged

Sunshine chief charged: FOUR people were hauled to court on Tuesday on charges of being involved in a fraudulent investment scheme in connection with the controversial multi-level marketing firm Sunshine Empire. Phang Wah, 49, better known as James Phang, his wife, Neo Kuon Huay, 46, Jackie Hoo Choon Cheat, 29, and Yong Wai Hong, 27, face between six and 20 charges each. The revenue generated by Sunshine Empire totalled $189 million.

THE man behind multilevel marketer Sunshine Empire, which pulled in $189 million from investors here, is facing 20 charges, including running a fraudulent business and criminal breach of trust. James Phang Wah, 49, appeared in the Subordinate Court yesterday, more than a year after the Commercial Affairs Department (CAD) launched a probe into the alleged scam which attracted tens of thousands of unwitting investors. Another man, Sunshine's president (Asia Pacific) Jackie Hoo Choon Cheat, 29, faced 10 charges including running a fraudulent business. Two other people, including Phang's wife, also faced related charges in court yesterday. The main charge alleged that the two central figures were running a Ponzi-like scheme involving many millions of dollars raised from members of the public.

Other links:
- 4 Charged In MLM Scam

Also read the 2007 report "MLM man linked to abandoned Indonesian club project" and the snapshot of the Straits Times report which reports of Sunshine Empire being put on MAS alert list in 2007.


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