How many of you out there still remember or had been 'bitten' by the notorious Swisscash scam? For those who have lost their hard earned cash after investing in this scam, all is not lost yet so it seem. They might just be able to get their money back.
According to this article here and here, the Security Commission of Malaysia (SC) following a consent judgment, will be giving restitution to eligible victims of the scam. Which means you are only entitled to claim for the principal amount that you have invested, provided of course, you are able to provide sufficient documentary proof. The SC will be appointing an administrator soon to process and manage claims from victims of this scam.
This would also mean for victims that who have lost, or to those in a moment of frustration, tore up all their documents to proof of their investments, will not be eligible to claim. In essence, not everyone would be able to have their money back.
So folks, be careful next time if a too good to be true offer or scheme that might come your way.
Footnote: I wrote this article as some of my pals still in the dark about this. Wonder where they have been to all this while.
