Paypal Sucks

Another Scam Targets M2U Users

Paypal Sucks

another attempt to cheat RHB Bank users

New Attempt to Scam RHB online banking users

another attempt to scam Bank Rakyat users

internet scam - bank rakyat

Mudah starting to charge fee after we make them famous

Facebook "Liked" can be bought

anyway, we are not selling this product

We currently cannot accept credit card payment

This is because of the increasing credit cards cheating online, the banks imposed stricter requirements. And we are a pure online shop and receiving order where buyers (mostly oversea) intend to try their fake card so often. Therefore we unable to comply bank's requirement.

SSM advises investors not to fall for illegal interest schemes

KUALA LUMPUR: Malaysians lured into investing in illegal interest schemes have been fleeced of at least RM620mil over the past three years.

The Companies Commission of Malaysia (SSM), concerned over the rise of such scams, published an advertorial in the wake of recent complaints over a Canadian land-banking scheme to remind investors of the risks involved.

Commission legal services division director Mohamed Sufyan Mohd Mokhtar said the number of the illegal schemes rose from 120 in 2009 to 151 in 2010 and 150 last year.

“An interest scheme is a form of investment in a medium other than shares and debentures (unsecured loans) involving the pooling of public funds to finance the business activities of a company,” Mohamed Sufyan said.

In return, participants are offered a specific return on their investment in the form of money, benefits or facilities.

“A common modus operandi involves convincing people to make a one-off investment in a business endeavour that is managed entirely by the operator,” Mohamed Sufyan said.

Another is to convince investors to build their own business (often with a buyback guarantee) on the condition that they purchase their training and equipment from the operator. “The operators are creative,” cautioned Mohamed Sufyan.

A few years ago, agriculture and its products (like lemon grass, leeches, earthworms, seaweed) were very popular.

Recent products include livestock (swiflets and arowana fish), plantations (palm oil, jatropha and agarwood), leisure and property development (holiday homes and hotels), equipment (ice-cream, ICT and water-vending machines) and gold.

While such interest schemes have existed in the country since 2006, it only picked up in 2008, he said.

However, not all interest schemes are illegal. There are provisions that regulate them under the Companies Act 1965.

“Legal schemes are registered with SSM in accordance with requirements under the Companies Act 1965,” said Mohamed Sufyan.

He said the only way to determine the legality of an interest scheme was by verifying with SSM the status of the company and the scheme it operated.

To date, SSM has registered 173 schemes worth about RM1.29bil.

A list of registered interest schemes is available on the SSM website (http://www.ssm.com.my/en/company/is-registered-scheme-public) and the public can call 03-2299-5500 to check or verify offers from interest scheme operators.

taken from http://thestar.com.my/news/story.asp?file=/2012/3/4/nation/10851990&sec=nation

Amazon.com Inc. is struggling to make money as quickly as it spends it

taken from http://online.wsj.com/article/SB10001424052970204740904577195371567545142.html

Amazon.com Inc. is struggling to make money as quickly as it spends it, putting the squeeze on the online retailer's latest financial results and crimping its outlook.

Amazon says revenue rose 35% to $17.4 billion, about one billion short of what analysts were looking for in the e-tailer's holiday quarter. Dan Gallagher talks with Stacey Delo about the company's miss and what's ahead.

The Seattle-based e-commerce giant on Tuesday said its fourth-quarter revenue rose 35% from a year earlier, but profit plunged 57% as the company continued to spend on warehouses, technology and its Kindle electronic devices. Amazon's operating expenses rose 38% in the quarter from a year earlier.

Journal Community

Amazon also forecast lower-than-expected sales in the current quarter, estimating first-quarter revenue of $12 billion to $13.4 billion. Analysts had been expecting $13.4 billion. The company said it could report an operating loss for the first quarter.

Amazon's shares fell 8.8% in after-hours trading to $177.31, after ending 4 p.m. trading at $194.44.

For more than a year, the Seattle-based company's formula was quick sales growth—often more than 40%—paired with high spending. Amazon's latest results surprised analysts because while the retailer continued to spend, the revenue growth didn't follow. The fourth quarter, which encompasses the crucial holiday shopping season, is also a barometer of Amazon's performance.

More

• Heard on the Street: Turning Amazon Cash to Kindling
• SmartMoney: Save on Fire, Spend on Apps
• Barnes & Noble Won't Sell Amazon's Imprints in Stores

"It's a disappointment against relatively high expectations," said Steve Weinstein, an analyst with ITG Investment Research, adding that Amazon's spending "reflects a company making a lot of investments in their business."

In a conference call with analysts, Amazon's finance chief, Tom Szkutak, defended the company's spending. "We feel very good about the investments that we're making," he said. "We're still experiencing very high growth."

Amazon did widen its operating margin to 1.5%, up from 0.7% a quarter earlier but down from 3.8% a year earlier.

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Track the performances of 150 companies as they report and compare their results with analysts' estimates. Sort by date and industry.

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Amazon also continues to outpace the growth of overall Internet sales, which Forrester Research estimates are rising at roughly 10% a year.

Amazon has evolved from its roots as an online peddler of physical books to an Internet equivalent of Wal-Mart Stores Inc. In recent years, it has also banked on its Kindle devices as a revenue stream. Amazon has sold its black-and-white Kindle reading devices since 2007. Last fall, it introduced the Kindle Fire, a $199 tablet computer that is cheaper thanApple Inc.'s market-leading iPad.

Amazon declined to reveal precise Kindle sales figure for the holiday quarter, saying only that sales of all Kindle devices increased 177% in the holiday period compared with a year earlier. Jordan Rohan, a Stifel Nicolaus analyst, estimated that Amazon sold six million Kindle Fires in the fourth quarter.

Enlarge Image

Associated Press

For the fourth quarter, Amazon reported a profit of $177 million, down from $416 million a year earlier. Revenue was $17.43 billion, compared with $12.95 billion last year. For all of 2011, Amazon earned $631 million in profit on $48.1 billion in sales, compared with $1.2 billion in profit and $34.2 billion in revenue a year earlier. Operating expenses rose 44% to $47.2 billion. Part of that spending ramp-up comes from Amazon's staggering hiring rate. It ended the year with 56,200 employees, up 67% from 2010.

Amazon is known to sacrifice profits for revenue. Piper Jaffray analyst Gene Munster estimated that the company loses at least $11 per customer on its Prime program, which offers unlimited quick shipping to customers who pay a $79 annual fee. Online-retail analysts estimate that Amazon recoups some of that cost because Prime members triple their spending on Amazon after joining the program.

The retailer also sells its Kindle gadget for a loss, losing as much as $15 per device, Mr. Munster estimated. Amazon makes up for that by selling digital books, music, software and video on those devices.

Amazon can also offset some losses by letting third-party retailers sell products on its marketplace. Mr. Szkutak said Amazon has made improvements to the marketplace to help both buyers and sellers. "It was great for the bottom line," he said.

Analysts said Amazon's disappointing fourth-quarter revenue came from its core retail business because Kindle sales appeared strong. Eric Best, chief executive of Mercent Corp., which helps retailers such as Office Depot and the Home Shopping Network sell goods on Amazon and other sites, said overall online-retail sales were slightly below what sellers were hoping for.

Mr. Best said part of that was because of general economic weakness, while generally good weather caused more people to shop at brick-and-mortar retailers.

Our Website Down again !

It has been down for a few hours since early morning

Our Hosting company said it's their server problem. Emerge are still working on it.

Very sorry !

I hope you will come back again to buy

Sorry, Our Website Down Again

We are waiting for our hosting , Emerge System Sdn Bhd , to rectify the problem.

Hopefully doesn't take long

our Ebay account Moresales888 has been suspended by stupid reason

The Stupid Reason is

we used some celebrity names in our posting

which Ebay prohibited as in http://pages.ebay.com.my/help/policies/intellectual-property-ov.html

But there are still thousands of posting with name of Rooney, Obama, Eminem

Ebay.com may not suspend them, because Ebay.com need to posting fee.

However Ebay.com.my is free, therefore Malaysia sellers are first to be suspended

Anyway, our main selling is www.MoreSales.com.my.

Those who have bought from us via ebay, please continue to support us . We will accept paypal for buyer protection.

Thank you.

New CIMB scam

Hypmall discontinued

Good to know one competitor is dead :)

Woman loses RM1,900 from Maybank2U

Friday January 15, 2010

Woman loses RM1,900 from online account

By LIM CHIA YING

ONLINE banking is a convenience to many busy people. However, it brought misery to a 26-year-old woman, who wished to be known only as Jenn, who lost RM1,900 from her one-month-old account on Dec 2.

Jenn said the amount was transferred to a third party account without her knowledge after she had logged into the bank’s system using her logon and password.

“One morning in early December, I received an email from Maybank stating that I had a login with an incorrect password in the Maybank system.

“After closing the email, I logged into the system and entered the correct password that it needed.

“However, on the afternoon of the same day, I received an SMS fromMaybank2u.com that RM1,900 from my account that I had opened at the Maybank Taman Midah branch had been transferred to a third party account,” Jenn said at a press conference called by Bukit Bintang MP Fong Kui Lun.

She has since lodged a police report at the Batu 9 Cheras police station.

In the police report, she said when she went to the branch at 2pm the same day, a bank officer named Raymond Lim had given her the funds transfer statement in which she saw that her money had been transferred to an account belonging to a Malay woman named Mayana Muhamad.

Jenn called up the Maybank headquarters to seek an explanation on the issue, and was disappointed that the personnel were not helpful and only provided a written reply to her one month later.

“I had been using another bank, where security was much tighter, before using Maybank’s online banking when I changed job,” she said, adding that she had created the account only in November.

“The RM1,900 was almost all my savings! The officer in the headquarters told me that the police investigation must be completed before action could be taken.

“He also told me that although the bank had contacted the third party, the woman was not cooperating so they could not do anything. Would she cooperate if she is the culprit?” asked the frustrated Jenn, claiming that the bank personnel had even told her there was a queue of other fraud victims.

In Maybank’s written reply to Jenn, virtual banking cyber security manager Baizura Ahmad wrote that following a comprehensive investigation of the said transaction, they had found that a valid user name and password were used to access her account viaMaybank2u.com.

“Our findings revealed that the internet banking username and password were used on Dec 2 to successfully make a login to your Maybank account via Maybank2u.com,” Baizura had stated.

“A Transaction Authorisation Code (TAC) was requested through yourMaybank2u.com account and a valid TAC was successfully sent to your mobile number. This TAC was then used to create a favourite third party account, and subsequently, the amount of RM1,900 was made to the favourite third party account from your account on the same day.

“Based on our investigation into our system, our records showed there was no system failure, problem or any breach of security ofMaybank2u.com in processing the above activities at the mentioned date and time involving the above account.

“In view of this, we very much regret to inform that the bank is unable to accede to your request of the said amount,” the reply said.

In the reply, the bank reiterated that it does not send any email, SMS or make telephone calls to customers to request for personal details, account details of TAC number.

“Customers are also reminded never to disclose their account and banking information to anyone. The bank provides safety information and alerts in Maybank2u.com as well as through our other delivery channels,” the reply stated.

Jenn said she felt helpless on the issue and had since terminated her online account with the bank.

Fong said he would be writing to Bank Negara on the urgent need to monitor the security of online banking.

“Since the matter involved a transfer within the same bank, and the person’s name and account number are known, there is no reason why the bank is unable to do anything.

“The money was transferred without the victim’s knowledge, so it is only right that settlement is made to her.

“I also hope the Finance Minister will respond to this as such a case can result in the public losing confidence in online banking,” he said.

http://thestar.com.my/metro/story.asp?file=/2010/1/15/central/5451096&sec=central

The World’s Top 10 Spammers

1. Canadian Pharmacy

(Ukraine/Russia)

Pharmaceutical spamming has intensified during the worldwide swine-flu pandemic—for the most part, it is advertising for counterfeit Tamiflu. Zombie computers infected with a Trojan virus are now sending out tens of thousands spam messages a day.

2. Leo Kuvayev a.k.a. BadCow

(Russia)

The 36-year-old Russian is being sought by the FBI and the British police. He is called the king of world spam: he was the first to hide messages in graphic files to circumvent filters and use viruses to create zombie networks. Kuvayev allegedly deals primarily in pharmaceutical and porn spam.

3. HerbalKing

(India/New Zealand)

A gang that sent out one third of all spam in the U.S. last year operated through a botnet of more than 35,000 computers, advertising medications from India and porn Web sites. HerbalKing's operations were suspended, and its leader, New Zealander Lance Atkinson, declared that he was prepared to pay a fine of $92,715.

4. Vincent Chan a.k.a. yoric.net

(Hong Kong)

Chan and his comrades from China specialize in medical messages, but also promote watches, printer cartridges, and mortgages. In 2004–2005 they worked through the free Web-hosting service Yahoo Geocities, by automating the creation of pages that forwarded visitors to advertised Web sites.

5. Aleksei Polyakov a.k.a. Alex Blood

(Ukraine)

No one knows whether the Ukrainian's name is really Alex Polyakov or he took a pseudonym from John Le Carré's book Tinker, Tailor, Soldier, Spy. He is widely described as a specialist in child pornography and one of the biggest distributors of Trojan viruses.

6. Nikhil Kumar Pragji a.k.a. Dark-Mailer

(Australia)

This Australian is a major spammer and author of the Dark-Mailer program, which enables the dispatch of 500,000 messages per hour and, according to users, is distinguished by a convenient interface. It is recommended that the program be downloaded for money—$499—since the free versions contain Trojans.

7. Pyotr Levashov a.k.a. Peter Severa

(Russia)

The creator of Trojans and author of spam programs became known to the public last year during a trial of Alan Ralsky's spam gang from Detroit, the largest in the U.S. Nine others were arrested with Ralsky, but not Severa, who is believed to be living in Russia and still working with hackers.

8. Yambo Financials

(Ukraine)

The large spam organization deals in practically everything, including sending out pornography involving children and animals, promoting pirated software and medications. In addition, the Ukrainians provide "financial service" through a phony bank.

9. Ruslan Ibragimov a.k.a. send-saf.com

(Russia)

The author of viruses and spamming software. Works through Russian servers. In addition, sells spammers lists of recently infected computers.

10. Rove Digital

(Estonia/Russia)

This partnership was founded in Tartu in 2002, and four years later it was recognized as the best IT firm in Estonia. Last year the firm was shut down, and its director, Vladimir Chashchin, was convicted of bank fraud. The Estonian press wrote that Rove Digital has spammed "by the millions." Chashchin tried to shift blame to a Muscovite named Mikhail, but he was not found.

© 2009

taken from http://www.blogger.com/post-create.g?bl

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