Criticism
There have been allegations that the Swiss Mutual Fund is a Pyramid scheme, with victims predominantly in Malaysia. The Central Bank of Malaysia has issued warnings regarding Swiss Mutual Fund's legitimacy, and have advised investors to avoid the company and its subsidiaries. The Monetary Authority of Singapore has placed Swiss Mutual Fund in their Investor Alert List.
Hundreds of millions of US dollars have been lost to this scam by investors throughout the world and little or nothing has been done by governments to trace the trail of the money. It is feared that the money is actually used to fund global terrorist networks, and that terrorist networks have been using investment scams to obtain fund for their operations. Or some governments are behind this.
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Famous quotes containing the word criticism:
“Homoeopathy is insignificant as an art of healing, but of great value as criticism on the hygeia or medical practice of the time.”
—Ralph Waldo Emerson (1803–1882)
“It is ... pathetic to observe the complete lack of imagination on the part of certain employers and men and women of the upper-income levels, equally devoid of experience, equally glib with their criticism ... directed against workers, labor leaders, and other villains and personal devils who are the objects of their dart-throwing. Who doesn’t know the wealthy woman who fulminates against the “idle” workers who just won’t get out and hunt jobs?”
—Mary Barnett Gilson (1877–?)
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—F. Scott Fitzgerald (1896–1940)