Dato’ Ramanan Ramakrishnan Advises on Ponzi Schemes

Dato’ Ramanan Ramakrishnan Teaches How To Verify The Signs Of An Investment That May Be A Ponzi Scheme

Power, greed, and the love of money are the root of all evil and the downfall of humanity. Once we allow ourselves to slide down that slippery slope, our judgment becomes distorted, ethics compromised, and our style of management blinded by ambition.

In a recent scandal that shook the nation in Malaysia, a large group of investors fell into a snare of an alleged forex scam that was uncovered by Dato’ Ramanan Ramakrishnan, a renowned social advocator against Ponzi Schemes.

Dato' Ramanan Ramakrishnan MIC
Dato’ Ramanan Ramakrishnan

The fraudulent operation was run by a pair of notorious masterminds, Dato’ Seri and his wife who operate a dubious foreign exchange company and make wild promises to their investors. All victims claimed that they were promised daily returns which they have yet to receive. The victims began to realize they were tricked into a Ponzi Scheme when they did not see the promised returns, after handing over their savings in good faith to the wrong hands. Some even reported that they had received some initial returns which enticed them to part with more of their money since they thought that it would create more wealth for them.

Since late last year in 2016, the press secretary to the Senate President of Malaysia and former treasurer-general of MIC, Dato’ Ramanan started a movement to bring justice and confidence for these unfortunate victims. Dato’ Rama appealed for victims to come forward to enable him to push for the fraudsters to face the law.

What is a Ponzi Scheme?

A Ponzi scheme relies on new money coming in to pay existing investors, but with one exception – the investors do not know about it. They’re being lied to, led to believe it’s a legitimate investment. This is what Bernie Madoff, a former chairman of NASDAQ got away with for decades. He convinced people he generated returns by trade when in fact he was simply using money from new members to pay existing ones.

History Of Ponzi Scheme

The most notorious fraudulent investment scheme in history began in Boston, America, where Charles Ponzi broke the record and became the poster child of America’s most infamous financial scam in 1919. His scam was so big that schemes like his still bear his name today. Charles Ponzi caused a mountain of trouble in nine short months between December 1919 and August 1920. Ponzi promised investors a 50% return in just 90 days. People were so eager to invest and capitalize on this promise that they would wait for hours in front of his office in a long queue stretching to the street next door. In total, Ponzi stole between 15 and 20 million dollars worth of money from his investors, which in today’s value would be worth about 200 million dollars!

Ponzi Schemes In Other Countries

Japan

In the early 2000s, the head of a Japanese bedding firm, Kazutsugi Nami was responsible for the biggest scam in Japanese history. He defrauded more than USD1.4bn from an estimated 37,000 people. The victims were promised 36% annual return on investment. He also collected funds in exchange for the firm’s currency called ‘Enten’, which was an invention of his own digital currency. ‘Enten’ was written with Japanese characters for yen in heaven. When he was arrested in 2009, he was sentenced to 18 years in jail in 2010.

France

On December 11, 1935, con artist Victor Lustig was involved in one of the most ingenious con jobs ever imagined. He sold the Eiffel Tower not once, but twice. Back in the 1920s, the Eiffel Tower was badly in need of repair. There was some discussion in the government about ripping the structure down rather than repairing it. Lustig saw the opportunity and printed up phony credentials claiming that he was a government official in charge of selling the rights to tear down the tower and all the way to scrap. He invited a group of scrap iron dealers to discuss the issue and told them that the government had already made the decision to tear down the tower and wanted to keep it quiet for fear of public outcry. The dealers bought Lustig’s story and promptly submitted bids to buy the landmark. During negotiations, Lustig accepted a handsome cash bribe from one of the dealers to secure that deal and then he went off to Austria. While in Austria, Lustig read the papers closely for reports of his scam. As time passed, nothing ever appeared. Lustig realized that they must’ve been too embarrassed to report the incident. So Lustig packed his bag and headed back to Paris, where he pulled the exact same scheme and sold the Eiffel Tower a second time. This time he wasn’t so lucky. He got reported to the police and had to flee to the United States.

What Are The Signs Of An Investment That May Be A Ponzi Scheme & How To Verify Them?

Embodying the idea that if it seems too good to be true, it probably is. Almost every investment carry carries some degree of risk. Generally, the greater the potential return, the greater the risk; whereas promises to the opposite raise huge red flags. It is natural for the value of an investment to fluctuate. Be wary of any investment that has a pattern of consistent returns.

In Malaysia, Bank Negara has a website with a list of companies and websites that are neither authorized nor approved by the relevant laws and regulations administered by the central bank. Basically, many unregistered companies that are not approved by Bank Negara laws are involved in gold trading, forex trading and what it calls unlicensed activities. So be aware of unregistered companies and salespeople, which you can verify through Bank Negara website.

Nevertheless, avoid investments you do not understand or can’t get complete information on. This is an obvious sign of fraud. Aside from that, statement errors, inconsistencies, and excuses for lack of written information on the investment are also red flags. Trouble receiving a payment or withdrawing your investment should worry you as well.

As with all investments, doing your own research is essential in helping you avoid Ponzi schemes. Consult an independent third-party such as a registered advisor, lawyer or accountant and you can avoid investing in a Ponzi scheme.

3 Moves MaidMalaysia Made to Serve Customers Better

How MaidMalaysia is Quickly Becoming the Best Maid Agency in Malaysia

At first, it seems that innovation has nothing to do with the maid services industry. If you have this kind of thought, then you’re probably wrong. The reason for us to say this is that at Principia Wire, we have become the witness of revolution made by a fast-moving maid agency called MaidMalaysia.

This maid agency is one of the many growing tech-savvy companies that puts more effort on digitalizing the industry in orde to serve the customers better. So, what are the 3 biggest moves that they’ve made to change the game and become the best in Malaysia? Principia Wire unfolds the story here.

#1: They Rely on Databases

MaidMalaysia takes pride on having a huge and always-updated database to ensure that whenever a customer is looking for the right maid, they have the right set of algorithm to mix and match the customer’s needs with the maid with the suitable capabilities. To put it simply, they have a Google-like database themselves. While it’s very common to have it, many other maid agencies out there does not seem to adopt this new system as fast as the could, unlike MaidMalaysia.

#2: A Maid Agency With Automated System Integration

If you visit maidmalaysia.com, what you’re going to see a simple interface that provides a brief information about their agency. It’s what they call a minimalistic approach, perhaps. With a bit of knowledge on web user experience and testing out the websites (more like spamming them to see how they work), we could tell that their website has some sort of automated system integration. While that appears to be less human to some people, this feature the agency owns will benefit the users. How? Let’s take a look at point number 3.

MaidMalaysia | The Best Maid Agency in Malaysia

#3: Blazing Fast Communication

When you have a semi-automated system, you can pretty much say that the information that moves here and here and fast. Nothing pisses a customer more than a slowpoke response. So, these folks should have figured out and lived by the rule that customer’s satisfaction is number 1!

So this is why MaidMalaysia is fast becoming the best maid agency in Malaysia. If you are really interested in getting a maid in Malaysia, we’d totally recommend you go to MaidMalaysia.

Tempat Menarik di Perak untuk Sewaktu Cuti Sekolah

Apa Yang Menarik di Negeri Perak?

Negeri Perak Darul Redzuan adalah salah sebuah negeri di Malaysia yang mempunyai pelbagai tarikan tersendiri. Ini menjadikan negeri Perak sebagai salah satu lokasi yang wajib dikunjungi terutamanya ketika bercuti bersama ahli keluarga. Anda nak tahu di mana tempat menarik di Perak? Jom kita tengok senarai 5 lokasi terbaik yang ada di sini!

Kellie’s Castle

Tempat Menarik di Perak

Bila bercerita tentang tempat menarik di Perak, Kellie’s Castle pasti ada di dalam fikiran. Ini kerana lokasi ini adalah sesuatu yang cukup ikonik kerana keunikan senibinanya – iaitu kerana ia tidak siap. Pada waktu dahulu, istana ini dibina oleh seorang peladang daripada Scotland yang bernama William Kellie Smith. Tidak dapat dipastikan mengapa istana ini dibina oleh beliau, kerana terdapat ura-ura mengatakan ia dibina untuk anaknya, dan ada pula yang mengatakan ia dibina untuk dijadikan hadiah buat isterinya.

Oleh kerana senibinanya yang unik kerana berkonsepkan senibina Inggeris, anda memang patut membawa ahli keluarga berkunjung ke sini.

 

Tempat Menarik di Perak
Dapatkan maklumat terperinci tempat menarik di Perak di laman web blogger ohsem Malaysia, Aliff.co!

Kapal Korek Tanjung Tualang

Tempat Menarik di Perak

Kapa korek Tanjung Tualang atau lebih dikenali sebagai TT5 ini adalah salah satu warisan peninggalan negeri Perak. Seiringan dengan nama negeri ini sendiri, Perak adalah sebuah negeri yang kaya dengan bijih timah. Untuk pengetahuan anda, nama “Perak” ini diperolehi daripada warna bijih timah tersebut.

Aktiviti pelombongan di negeri Perak menggunakan kapal korek telah pun dihentikan kini, dan TT5 adalah kapal korek terakhir yang ada di Malaysia. Oleh yang demikian, kerajaan negeri Perak dengan kerjasama syarikat separa kerajan telah mengambil pelbagai inisiatif untuk memulihara khazanah negeri ini. Malah, ia sedang dibaikpulih untuk dijadikan lokasi utama pelancongan negeri Perak pada waktu akan datang.

 

Gua Kek Look Tong di Ipoh

Tempat Menarik di Perak

Dengan struktur muka bumi yang dikelilingi gunung-ganang dan gua batu kapur, negeri Perak sememangnya indah. Sekiranya anda berkunjung ke Ipoh, pergilah ke gua Kek Look Tong untuk menikmati pemandangan di dalam gua batu kapur yang sangat menarik.

Meskipun tempat ini adalah tempat beribadat kaum beragama Buddha, lokasi ini telah dijadikan lokasi pelancongan dan dibuka untuk kunjungan oleh sesiapa sahaja tanpa mengira bangsa dan agama. Inilah juga peluang untuk mengenal dengan lebih dekat tentang budaya agama lain.

Zoo Taiping

Zoo ini adalah zoo yang palig tua di negara Malaysia, dan ia mula dibuka untuk kunjungan pelancong seawal tahun 1961. Ia mempunyai tarikan yang tersendiri, dan Zoo Taiping telah menjadi lebih popular sejak memperkenalkan aktiviti kunjungan zoo pada waktu malam atau “night safari”. Ini adalah satu pendekatan yang diambil oleh pihak zoo untuk mengajak para pengunjung mengenali haiwan-haiwan nokturnal dengan lebih dekat pada waktu mereka aktif.

Lokasi sebegini sememangnya sangat sesuai untuk kanak-kanak kerana mereka akan dapat mengenali hidupan liar dengan lebih baik sebelum ada yang akan diancam kepupusan.

Menara Condong Teluk Intan

Tempat Menarik di Perak

Teluk Intan telah mendapat nama jolok daripada sesetengah pihak, iaitu “Itali Malaysia” kerana adanya menara condong di situ. Menara ini sebenarnya dibina sebagai tangki air. Oleh kerana a tinggi, pihak pentadbiran Teluk Intan telah meletakkan sebuah jam besar untuk rujukan penduduk sekitar Teluk Intan.

Sepertimana yang terjadi kepada menara condong Pisa di Itali, menara Teluk Intan menjadi condong kerana struktur tanah yang lembut. Selain itu, beban air yang ditampung juga menjadi salah satu faktor kecondongan menara ini.

Banyak Lagi Tempat Menarik di Perak

Sememangnya terdapat lebih banyak tempat yang menarik di Perak. Sekiranya anda berminat, silalah layari http://aliff.co/tempat-menarik-di-perak/ untuk mendapatkan maklumat lanjut.

Aliff Mazli on Digital Marketing and Its Future

Malaysian Digital Marketing Consultant on The Future of Advertising

It appears that recently, businesses have begun to accept the phenomena of digital marketing. Large corporations especially are making moves to shrink their offline marketing budget and dumping a huge chunk of it into digital channels such as the social media and the like.

The innovation of science has inevitably led to the birth of new ways to reach out to the audience. Even many years ago before the invention of television, newspapers were the main channel of advertising. Printed ads, however, had to share that used-to-be-so-big slice of cake to the television as it became more affordable and accessible to families with average income.

Today, with the advancement of technology and the constant need for mobility, smartphones are becoming more significant in people’s lives, that even “smartphone addiction” is starting to be considered as the “millennial disease”. But in this article, we’re not going to discuss the problems of mass smartphone addiction. Instead, with a piece of mind from Aliff Mazli, a digital marketing consultant based in Malaysia, we’re going to touch on the shift of trend and how it is affecting businesses, and where to go next.

The Mobile-First World We’re Living In Now

Smartphones: Weapons of Mass Communication

What makes smartphones such a hit? The answer is a no-brainer; it’s because they are portable and convenient. Smartphones make it possible for us to have access to unlimited information no matter where we are. Plus, the emergence of kick-ass apps such as Facebook and Instagram makes it easier for us to connect with the outside world and share our experience. Nowadays, that’s where the attention is. It is really just something inevitable and until someone figures out how to come up with something way better that could kill smartphones, we’re just going to have to go with the flow.  Now, even giants like Google have begun to adopt the mobile-first mentality that they even rolled out mobile-first indexing.

Aliff Mazli Digital Marketing Consultant Malaysia
Aliff Mazli during the short interview with Principia Wire.

It’s Important To Know How To Be “Native”

To be “native” means to be able to speak the language of online users of certain platforms. For example, Facebook users and Instagram users have their own “language”. That’s why sometimes we will realize that certain types of ads may not work on one platform, but gets more engagement on the other. Instagram’s language is beautiful images. We have to be able to “speak” it so that whenever our ad is being served, people would actually stop scrolling and check it out. On social media platforms, a formal tone is no longer effective. Marketers will need to be fresh and amusing. What’s better, inject the element of virality in it – and yes, virality can be engineered.

How Long Will This Last?

First of all, nothing lasts forever. However, technology shift is not as simple as it seems. Yes, the newspapers are outdated, but today, you can still see people reading them. The same goes for television. We do still watch them. Most people who criticize and say they’re no longer relevant at all are mostly on the producer side, not consumer side. It is when we really try to evaluate things by simply taking a closer look around us and see how our friends and families behave, the existing platforms are still there to stay.

To say how long is very difficult. However, we can pretty much say that a technology’s lifetime depends on the lifetime of its users. Newspapers are still being read today because we still have people growing up with it. Perhaps, they might be gone by the time the generation that used to read them are no longer in this world. Smartphones? Well, they’d be heading the same direction too, unless someone speeds things up by inventing something out of this present world – like having devices and functions embedded into our body and being gadgetless.

A Sneak Peek Into the Near Future of Advertising

Virtual reality and augmented reality – that’s the near future. While these two have distinct features, they’re both about blending the virtual world with the reality and creating a new kind of experience for people. This is what businesses should start considering to invest in. They could still be at the beta stage now, but judging by the pace we’re going with technological advancement, mass usage seems to be only a couple of years ahead of us.

Visit aliffmazli.com for more insight on digital marketing.

Al-Muslihin Herbs Pelopor Produk Herba Tradisional

Al-Muslihin Herbs Mempopularkan Kembali Produk Herba Tradisional

Manusia sememangnya tidak boleh lari daripada penyakit. Oleh kerana itulah, menjadi penting untuk kita sentiasa mengamalkan gaya hidup sihat dengan pemakanan yang seimbang dan pemgambilan ubat-ubatan yang belum (termasuk kaedah perubatan tradisional) untuk melawan penyakit. Namun begitu, terdapat beberapa sebab lain yang tidak dapat dielakkan dan menyebabkan seseorang terpaksa menderita, seperti penyakit resdung, asma, dan banyak lagi.

Evolusi Perubatan Sejak Dahulu Lagi

Oleh kerana inilah, pelbagai inisiatif dalam merawat penyakit telah diambil sejak zaman dahulu lagi. Bermula dengan penggunaan herba yang tumbuh secara semulajadi, tamadun manusia telah mencuba pelbagai kaedah berbeza seperti menggunakan khidmat bomoh sehinggalah mencipta ubat-ubat sintetik.

Namun begitu, tidak dapat disangkal bahawa herba tradisional jugalah sumber penawar yang sebenar. Hal ini kerana tumbuh-tumbuhan yang dikenal pasti ini mempunyai khasiatnya yang tersendiri. Di dalam kitab suci juga ada mengatakan bahawa setiap penyakit pasti ada penawarnya, dan tumbuh-tumbuhan yang ada secara semulajadi ini juga mempunyai kelebihannya yang tersendiri.

Insiatif Yang Diambil Al-Muslihin Herbs

Inilah pendekatan yang diambil oleh pengusaha perubatan tradisional seperti Al-Muslihin Herbs. Produk-produk yang diperkenalkan oleh jenama ini sememangnya diperbuat daripada bahan-bahan asli yang tumbuh secara semulajadi. Sebagai contoh, ubat resdung yang dipasarkan oleh mereka adalah diperbuat daripada campuran kulit kayu manis sebagai bahan utama. Dalam mengekalkan kualiti dan memastikan keberkesanan dan keselamatan penggunaan produk-produk mereka, Al-Muslihin Herbs mengamalkan konsep ethical consumerism yang menitikberatkan kaedah pembuatan yang bersih.

Al-Muslihin Herbs | Pembekal Produk Herba Tradisional di Malaysia

Mereka telah memperkenalkan beberapa rangkaian produk untuk merawat penyakit-penyakit tertentu, seperti resdung, buasir dan gout. Apa yang menariknya tentang bagaimana perusahaan ubat-ubatan tradisional ini dihasilkan adalah kerana ianya bermula dengan pengasas-pengasas Al-Muslihin Herbs sendiri yang menghidap penyakit-penyakit tersebut. Jemu dengan produk-produk di pasaran yang tidak memberikan kesan yang memuaskan, mereka mula mencari formulasi yang terbaik untuk merawat penyakit-penyakit yang dihadapi. Ringkas kata, niat pengasas perusahaan ini adalah lebih kepada ingin berkongsi produk yang berkesan dan bukanya semata-mata untuk mendapatkan keuntungan.

Melangkah ke hadapan

Mengikut perancangan, Al-Muslihin Herbs akan memperkembangkan lagi rangkaian produknya dengan menambah beberapa jenis ubat berasaskan herba lagi. Diharapkan perusahaan anak-anak tempatan ini dapat melangkah jauh dalam menyebarkan produk yang berkesan dan dapat membantu masyarakat di luar sana menikmati kehidupan bebas penyakit.

Sila layari laman web Al-Muslihin Herbs di almuslihinherbs.com untuk maklumat lanjut.