Its a scam by a notorious MLM(multi-level marketing) company.
More about the scam click here.
please be aware that paper-folded stars are being sold instead of paper-clips in some occasions, as observed by some pple who have reported this in the thread. do not buy these paper-folded stars frm these teens. these teens have also changed tack, in the sense that they will claim that they are doing a business project as part of their course in their respective schools etc. please, do not buy anything with them. alternatively, if they harass you, report to the police asap.
some teens are alleged to have been involved in selling 'paper clips' as 'part of a school or entrepreneurial course'. they claim to be "either from polytechnics such as tp and nyp and even frm universities such as smu, trying to earn a certain amount of money in a certain period of time and is part of their course required for graduation."
the following pix are screenshots taken frm the blogs of the members. i believe most of the blogs have been shut down as of this moment. the screenshots of the blogs highlight some of the activities they have taken part in as part of an 'entrepreneurial course' organised by sunshine empire, and in addition it probably highlights the basic fact that the money they have earned through paper-clip selling is used to finance their holidays, not for passing any of their school courses as they have claimed to those pple who have bought the heart shaped paper clips frm them. an example of the paper-clip is shown here:
please note that in light of recent exposure of their acitivities, the shapes of the paper-clips may change and vary and may not adhere to the one shown in the picture above. nonetheless, be careful and vigilant.
if someone attempts to sell you a paper-clip that resembles this or some other handmade product and they are unable to give you a satisfactory explanation as to why they are selling this, please, do not buy anything for them. if it's a legitimate school course, the schools involved would have applied for a permit/licence that allows the students to engage in such activities. most imptly, the student would probably have shown you a valid licence issued by the school.
i want to emphasize that this thread is here to create positive awareness. pls, if you are reading this thread, and if you have friends who are seen in the following pix, advise your friends not to engage in such 'paper clip selling' activities. a police report has already been lodged. activities of sunshine empire have been deemed suspicious by the authorities and cad, and investigations into the company are still on-going with regards to whether the company has legally breached the law.
there is no free lunch in this world. if you want money, earn it through the proper channel.
Above text taken from the blog above. Dear Singaporeans, please be prudent with your money.
No free lunch in the world
Even legalised, established bank offer interests rates at 0.25%
At most fixed deposit is also 2-3% for value below 1 million.
How can a company not established and from a shady background able to promise their private investors 100, 200, 300 or even 1000% returns!!!
Even stockmarket guru, Warren Buffet able to achieve around 40% for his investment. This is after months or even years of reading financial reports/ finanical news/ seeking advice and even going to the ground and research.
Even a guru like him also say there is nothing 100% guaranteed.
Never believe High Risk and High Returns.
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