After 8 months of RESEARCH as a MOC student (group code: J44 Jakarta; 3-5 October 2018; course fees: RM19,988 /pax), this is my expert evaluation and review about Wong Jeh Shyan and Miracles Of Capital (MOC).
My Cult & ScamBusters Team includes famous award-winning American Investigative Journalists as well as American professional stock traders who studies and researches NYSE and global stocks, IPOs, CEO speeches to detect and identify any inconsistent Logical Fallacies. – that may affect the outcome of stock prices.
ABOUT WONG JEH SHYAN:
(Chinese: 黃哲賢 pinyin: Húang Zhéxián ) Wong Jeh Shyan is a Malaysian architect turned financial guru speaker. He is the creator of the 3-day Miracles Of Capital Conference since 2008.
Wong is known in the speakers circuit in 17 countries especially in Malaysia as one of the most expensive wealth conference. Conference fees range from RM15,000 to RM30,000 (US$3,750 – US$7,500).
The MOC Alumni over the last 10 years is around 4,500 students. I estimate only less 10% are active as the membership of “MOC Most Aspiring Entrepreneurs” Secret Facebook Group was less than 500. I was removed from this FB group around 18th May 2019.
There are many dubious activities that the Malaysian public and the other 16 countries public where MOC operates need to be aware and be warned about Wong Jeh Shyan, a predatory financial “vulture capitalist”, who has a fake Doctorate from Pakistan.
NOTICE TO BUSINESS NEWS EDITORS IN 17 COUNTRIES
I invite Investigative Journalists from local Mainstream Newspapers and Online Business News in the 17 countries that MOC operates – to take over this ongoing Expose of Wong Jeh Shyan and Miracles Of Capital.
The legal but unethical practices of Miracles of Capital is of great interest to the newspapers’ readers.
MOC GROUPS IN THE 17 COUNTRIES:
1. South Africa
4. Taiwan (Promoter/Organizer: Martin Chou)
9. Malaysia (Promoter/Organizer: Precession Capital CEO: “Nash” Nazril Idrus, Cynthia Chiam)
Precession Capital promotes “Principles Of Capital” (@RM5,500) – a simpler, more practical but still useless generic info as Robert has attended POC too.
11. Vietnam (Promoter/Organizer: Marcus Leng)
Mauritius, Sri Lanka (Promoter/Organizer: Shine GoGlobal: Ayyappa Dass) are next in 2019.
NOTE: In Hong Kong, in some cities in China, and in more and more sections of Malaysian industries, the name of Wong Jeh Shyan’s bad reputation and MOC name “stinks to high heaven”.
Therefore, Wong, his right hand Jimmy Phoon, MOC Promoters, and MOC Alumni will move on to other Cities and Countries who are ignorant of Wong’s legal but unethical MLM practices.
Miracles Of Capital’s 13 Legal But Unethical Practices (MOC):
1. Wong Jeh Shyan has a fake doctorate from Dadabhoy University, Pakistan (Read HEC bans two universities: https://tinyurl.com/y5j89dpq).
Firstly, I suggest to all MOC students to stop calling Wong Jeh Shyan alias Húang Zhéxián a Doctor as they are propagating an unethical business lie.
2. Wong Jeh Shyan and Norizam Tukiman resigned before EGM of INIX Technologies Holdings Bhd. was called to remove him as a director: https://tinyurl.com/y5fv6zge (reason for removal to be investigated).
3. It is known practice of Dr Wong Jeh Shyan to charge 20% of company SHARES FOR FREE for his being a company director and workshop lecturer. Wong will involve other MOC Alumni to network and help but he himself was known not to do any consulting work, or offer any vital business advice.
Compare this with an ethical VC or PE Professional who has do a lot of consulting work and INVEST millions to obtain 20% shares of a company.
4. MOC is operates like an elaborate Business MLM CULT – with Dr. Wong right on the very top who benefits the most.
First level MLM are MOC Promoters & Direct Associates with Dr. Wong Jeh Shyan:
Jimmy Phoon Khai Foh (Dr. Wong’s right hand man)
Dato’ Rayson Wong (Alphacap Bhd Venture Capital)
Precession Capital Bhd. (CEO: “Nash” Nazril Idrus), Precession Australia and
Ladies Powerhouse (organizer: Connie Low of Fashion Library Bhd. and Food Bar).
Second level MLM are MOC Alumni Projects:
ALPS Bhd (Dr. SK Tham), Fashion Library Bhd. (Connie Low), UncleZam Bhd. (Zamsaham).
Third level MLM are MOC Alumni in 17 Countries:
Dr. Wong and his MOC Promoters are constantly peer pressure hard-selling MOC Refresher Courses at US$1,000 to all MOC Alumni from 17 countries where MOC operates.
MOC Alumni are pressured daily in Whatsapp group to help enrol their relatives and friends to attend the Miracles Of Capital 3-day Conference (price ranges from RM20,000/US$5,000 to RM28,000/US$7,000 per person).
5. Wong and his first and second level MLM Project key players are known to raid old companies, empty and strip the company of its assets and then try to get investors to invest in the “new” shell company.
6. Wong presents at least 30% of the time from Google throughout the 3-day MOC Conference.
100% of MOC knowledge is legal but unethical as most of the content are useless generic information which anyone can get for FREE from Google.
Dr Wong is so lazy that he did not bother to repackage Google info into a PowerPoint presentation but present straight from Google.
The MOC course is LEGAL BUT UNETHICAL
We ran through the MOC course outline and contents with various Investment Bankers, CEOS, CFOs, they feedback is MOC is practically USELESS on how to IPO a business plan.
MOC is useless knowledge that will not help anyone IPO or become a US$1B unicorn.
There is NO such thing as ‘miracles of capital’.
The only miracle of capital is compound interest.
My Experience and Assessment of Wong Jeh Shyan’s 1 Hour One-on-One CEO sessions:
In my first one-on-one private session (RM300) with Dr Wong he repeated useless generic garbage from the 3-day MOC Conference, repeating his same FRM plan for me to IPO at US$1 Billion in 4-5 years’ time, and linking me to his MOC network. I was shocked that he did not even bother to see if my business concept was viable or not. He just wanted to pump me up high with the illusion and false hope of IPO and being unicorn.
I noticed that Dr Wong always repeat the same US$1 Billion IPO FRM formula for every MOC Alumni. How is it even possible that every MOC Alumni business model can IPO at US$1 Billion?
In my second one-on-one private session (RM500) with Wong, when my team and I were presenting our pitch, 90% of the time he was not listening. He was totally distracted, his head was down, and playing with his mobile phone.
One of our 4 team members who was sitting directly behind Dr. Wong confirmed he was playing with Facebook photos and posting photos on many MOC WhatsApp groups which he was constantly hard-selling.
My private 1 hour session lasted only 14 minutes – with Dr Wong only advice is to contact another MOC Alumni student.
There were NO feedback advice on our pitching or product feasibility – NOTHING. A total waste of RM500.
Since then my team and I have received many invaluable and often brutally HONEST advice on the many holes in our business plan-pitch, marketing concepts, and financial budgeting – which Dr Wong as the MOC advisor did not give a single advice on.
Nowadays Precession Capital Bhd. is charging RM500 per person for a 1-hour private session with Dr. Wong.
Wong did not give any useful, professional advice in any areas, but he was so lazy he’ll pass you on to his MLM lower levels MOC leaders to network.
All the website and other sources say was CommerceNet is non-profit organization helping startups in Singapore.
If this was true, Dr Wong has changed from giving almost free advice (non-profit) to charging ultra-exorbitant fees for his useless generic financial information.
8. Only ONE Penny Stock IPO by MOC Alumni in the last 10 years of existence since 2008: Smile-Link Healthcare Global Bhd.
Yet MOC promotional materials imply MOC can get your organization to IPO and become a Unicorn startup valued at minimum US$1 Billion.
When our Scam & Cult Investigative Team checked Smile-Link.com website a few days before and a week after their IPO, the website was barely a skeleton with only buttons – very unprofessional, careless, and irresponsible not to have any content in the website of this new IPO in LEAP.
Bursa Malaysia’s third market, also known as the Leading Entrepreneur Accelerator Platform (LEAP) Market, is the third and lowest level of public-listing of “PENNY-STOCKS” (a common stock valued at less than one US dollar or RM1, and therefore is highly speculative).
Wong Jeh Shyan is pushing MOC Alumni to IPO, to public-list in this lowest and easiest level of IPO as a PENNY STOCK to attract gullible, speculative investors.
I once asked Dr Wong in my MOC whatsapp group how many IPOs are there by MOC alumni. Dr Wong replied 16. I further asked him and many others including Precession Capital and MOC Indonesia, but no one was able to give me any specific list of names of IPOs by MOC Alumni.
Many MOC Alumni love to quote ALPS, Fashion Library and UncleZam as IPOs – but they don’t realize that all these are far from IPO, and only in the early rounds of funding.
9. MOC is a MLM Business Cult – hard-selling you to attend endless SAME Recourses in 17 Countries
Wong brainwashes MOC Alumni to repeat MOC Refresher courses many times to get “HIGH” that they will be the future tycoons and give FALSE PROMISES that he can help you IPO your business and be valued as a US$1 billion unicorn startup.
Wong, his right hand Jimmy Phoon, and their organizers like Precession Capital Bhd. and MOC in the 17 Countries will constantly hard-sell you on taking numerous recourses at US$750 to US$1,000 per recourse.
Even pitching your business idea at new MOC conferences are not free – US$1,000 for a 10 minute pitch.
But the MOC Conference audience is the WRONG audience for Pitching for MOC Students as most participants are there to learn to how to get funding from others – majority MOC students are NOT investors.
10. Dr Wong distracts MOC student with the “Miracles Of Capital” that will fulfill MOC students’ aspirations.
In reality Wong distracts MOC students with “Red Herrings” of other successful IPOs such as Uber and SoftBank around the world.
Most MOC students including MOC Second MLM Level Bhd. companies are mostly stuck in CO-FOUNDER level.
Case in point: One of my fellow J44 Jakarta, Arifa Tan was so brainwashed that she was so thankful to “Dr” Wong for showing her to get her first Co-Founder.
It’s common information that the first investors you approach is the 3Fs: Family, Friends & Fools. “Dr” Wong did not reveal anything new about getting Co-Founders in his BS, useless, “revolutionary” Financial Road Map (FRM) which is MOC’s most important and most substantial information in the 3-day Conference.
Wong doesn’t want MOC students to get to Private Equity or Investment Banking level – because all PE, IB, and Marketing professionals we approached critiqued that the MOC approach and too simplistic FRM milestones do NOT work in real business.
If MOC students ever “stumble into success by accident” with a good concept and get real VC, PE, or professional Marketing advice, Dr. Wong knows he will lose these more savvy MOC students.
Wong and his MOC Promoters will lose a major profit from MOC Refresher courses if MOC students go ahead to Angel Investor or Private Equity level.
One American Scam Expert revealed to us that Dr. Wong secretly wants MOC students to be TOTALLY DEPENDENT on MOC, to keep making money by brainwashing MOC students to keep attending countless same MOC Refresher Conferences and supporting courses such as Merger & Acquisition when this phase is irrelevant and way too far advanced in the future for MOC students.
11. Over-emphasis on IPO and pumping you “HIGH” to be a US$1 Billion Unicorn startup.
In reality there are only 11 Southeast Asian companies valued at more than US$1 billion (unicorn) in 2019. Therefore, the chances of being a US$1 billion is extremely difficult for not only MOC Alumni but for S.E Asian entrepreneurs.
Wong’s Financial Road Map to IPO is simply a milestone outline which NO specific knowledge and steps on HOW to implement the steps needed to IPO
The most significant concept in MOC is Wong’s Financial Road Map (FRM) getting funding and diluting shares to get funding from Co-Founders, Angel Investors, Venture Capital firms, Private Equity firms, Investment Bankers.
Wong’s FRM is simply a milestone plan, it is NOT a road map as it does not tell you HOW to get funding, or how to IPO.
The analogy is “For Dummies” books – they spend the most time and energy designing the best OUTLINE and the front and back book covers which are the most read by potential buyers. But if you really look at the individual chapters and sub-topics you may only find one or two paragraphs of vague generic knowledge which are not useful.
The 11 Speakers in Ladies Powerhouse Conference were:
“Dr” Wong Jeh Shyan (Miracles Of Capital Founder)
Sharon Ng (Bonbeau Bhd)
Grace Tan (Sans Therapeutic Bhd)
Melissa Tan (Melistech Bhd)
Yen Tang (Deep White Holdings Bhd)
Shanee Heng (Hong Heng Holdings Bhd)
Esther Law (Excellence Medicare/ YAST Group)
Connie Low (Fashion Library Bhd; Ladies Powerhouse organizer)
Elizabbeth Siew (Lepro System Bhd)
Amenny Chua (OneWorld Real Estate Group)
Agnes Wong (Syarikat Ong Sdn Bhd)
Case-in-Point: When I interviewed 9 out 10 Speakers at the Ladies Powerhouse Conference 2018, I was dumbfounded that many of them actually really believe that their business can IPO with a US$1 Billion valuation – yet none of them has any significant market share or brand publicity presence in their product/service category.
This is how delusional and BRAINWASHED MOC students can be.
According to Crunchbase, there are only 7 Unicorns in S.E. Asia.
Read more: https://www.crunchbase.com/hub/southeast-asia-unicorn-startups#section-overview
BERHAD NOTICE: I noticed 7 out 10 Ladies Powerhouse speakers use Bhd. in their company names. Although a Berhad is legal, and you must use a ‘Berhad’ company in Malaysia if you have more than 50 Shareholders.
But I was told that a Berhad gives the obvious impression and implication the company is ‘public-listed’ as all public-listed companies must be a ‘Berhad’. This is one of the many legal deceptions of MOC practices.
(NOTE: these 9 videos on the Speakers of Ladies Powerhouse Conference were instructed by me to be REMOVED from all my group of companies’ extensive social media such as Movsha Influencers Show, and YouTube channels).
12. There are NO emphasis on MARKETING or CMO
It is absolutely shocking that no Marketing Mechanism was mentioned in MOC. CMO is not even considered as one of the 4 most important C-level Executives. There is no mention of CMO. Only CEO, COO, and CFO are mentioned in MOC sessions.
IF your Marketing concept and branding are faulty, NO Capital Mechanism methods can save your startup.
13. Wong is an officeless parasite.
Wong does not have an office.
He abuses his authority that MOC students will willingly lend their office to his use. For example Dr. Wong regularly use Connie Low’s Fashion Library chairman’s office in Mitraland, Kota Damansara, PJ, Malaysia and her Food Bar for free food.
Because students have “invested” a lot of money to attend MOC courses, they have a logical fallacy of “SUNK COST” – sometimes people invest themselves so thoroughly in a project such as MOC that they are reluctant to ever abandon it, even when it turns out to be fruitless and futile.
Why am I the best expert to reveal Wong Jeh Shyan shady business activities:
On 3rd to 5th October 2018, I paid RM14,999 and attended the first Miracles Of Capital Indonesia Conference in Jakarta.
Although I met quite a few sincere entrepreneurs, I had many doubts and questions about the credibility of MOC approach by the Founder Wong Jeh Shyan.
I showed MOC materials to my professional business associates in PWC, Merrill Lynch, and other VC, PE, and investment bankers for feedback. They all consistently told me that the information given during the three Conference is basic generic finance topics which are easily obtained for free in Google.
On 22nd May 2019, Jimmy Phoon, Wong’s uncouth right hand man removed me from 4 MOC WhatsApp groups as well as the ‘MOC Most Aspiring Entrepreneurs’ (Facebook Secret Group) – without the normal SOP three written warnings and reasons given for removal. Jimmy even gave me the ‘middle finger’ icon before he removed me from the MOC groups.
My removal happened very quickly when I suggested to the group members not to do Roll Calls as every time a new enrollment signs up he or she has to copy and paste the whole previous list. I suggested to use online Google Drive Enrollment Forms instead.
Jimmy was extremely adamant to use Roll Call (as an obvious hard-selling daily reminder to attend upcoming MOC refresher courses); and told me if I didn’t like to see the many Roll Call notifications, he suggested that I leave the group. I replied that Jimmy was rude, and not open to new ideas. He then removed me from 4 MOC lists.
(Note: Jimmy now uses Jimmy Ty-Phoon, a nickname I coined and gave him during my J44 Jakarta conference).
Since this member removal incident, I have announced on 29th May 2019:
Effective from 29th May 2019, CEO Robert Chaen and the ChangeU Group of Organizations (i.e. BorneoHunter Executive Search, Movsha Influencers Network, Wentures Capital, Purple Youth CSR) have chosen not to be associated with Wong Jeh Shyan (who has a fake doctorate from Pakistan) and all the first level MLM (MOC Promoters), second level MLM (MOC projects), and third level MLM (MOC Alumni), and anyone associated with Miracles Of Capital.
We cannot support or endorse characters who are although legal but are unethical and who have no integrity.
MOC In Summary:
Probably the most dangerous aspect of continuing joining MOC is GASLIGHTING.
It is a form of psychological abuse where false hope information and MLM Cult BRAINWASHING are constantly pressured onto MOC Alumni in daily WhatsApp postings and peer pressure.
Dr Wong and his First Level MLM (Promoters) will consistently feed MOC Alumni false promises, massive exaggeration, false aspirations, and lies to KEEP YOU TOTALLY DEPENDENT ON MOC CULT – as your finances dwindle and deplete until one day you have a rude wake call realization. Or worse you still won’t realize like many naïve MOC students.
By then because of “Sunk Costs” Fallacy, MOC Alumni are known to be in denial, are stuck perpetuating the fake Doctor Wong, and will keep defending the indefensible Dr Wong and MOC.
Please stop calling Wong Jeh Shyan “Dr Wong” as this is a huge LIE. His fake doctorate is from Dadabhoy University which is banned from enrolling students in Pakistan.
That’s why ‘Miracles Of Capital’ is NOT a miracle – but in reality the ‘MLM Of Conpersons’ (MOC) who are all out to exploit your gullibility, your network of family & friends, your finances, and your loyalty.
And the sad part is most MOC Alumni are too blind to see the truth and too afraid to leave the MOC MLM Cult as they think they would lose everything and their false Unicorn & IPO Aspirations and false hope.
MOC Alumni, LET GO and get out of the MLM Cult spider web of false hopes ASAP.
I assure you will have a much better chance of going way beyond what “Dr” Wong MOC can pretend to do for you. Any of the options I listed in this article are much better than MOC useless generic information.
#RobertReview (Dr. Wong Jeh Shyan, Miracles Of Capital):
0 | 10
This is a Strong NO recommendation as Miracles Of Capital is an obvious money-making business, a MONEY GAME scheme, with a Business MLM Cult structure of hero-worshiping of “Dr” Wong Jeh Shyan – who has a fake doctorate.
MOC is useless generic information which you can get for free from Google.
Cut your losses with MOC and join real Pitching and Incubator groups.
● Robert and his ScamBusters Team discovered Wong Jeh Shyan has been covering up his 10-year scam past.
● Dr. Wong’s latest Wikipedia was posted around April 2019.
● From a quick Google search, Robert is the first person to write a public exposé about the fake Dr. Wong Jeh Shyan and his Miracles Of Capital (MOC).
● WHY was Robert so STUPID to pay RM14,998 to attend MOC Conference:
MOC was introduced to Robert by a dear royal friend of his – Tengku Badariah (Four Seasons KL Director of Sales).
When Robert attended a MOC preview on 4th September 2018, he met an old friend, Sazzy Falak. Sazzy’s husband is “Nash” Nazril Idrus, CEO of Precession Capital Bhd. – the First Level MLM MOC Promoters for Indonesia and Malaysia.
Robert made a very expensive RM14,998 mistake because of his own logical fallacy – Robert bought MOC because he made a honest mistake of trusting the credibility of 2 Celebrities who endorsed MOC.
But Robert has transformed his RM14,998 mistake into one of his biggest RM14,998 Investments and Life Lessons from the Universe.
Please help pass this SCAM ALERT about the fake Dr. Wong Jeh Shyan and his Unethical Miracles Of Capital (MOC) >>
Watch insightful video >> https://tinyurl.com/yybpefda
Published: 24th June 2019.
Updated: 18th January 2020.
NOTICE TO ALL MOC ALUMNI – from Robert Chaen and his ScamBusters Expert Team:
Leave Dr. Wong Jeh Shyan and Miracles Of Capital (MOC) as soon as you can, and your life and business will have the most likely chance to improve.
Under MOC, Dr. Wong will totally distract your to attend countless legal but useless same MOC Refresher courses (US$750-US$1,000). Dr. Wong does not give you any solid critical advice about the feasibility of your business model, no strategic marketing advice as he is most weak in the Marketing area, or even the steps how to get funding. Dr. Wong keeps getting you to draw your Financial Road Map (FRM) to IPO based on US$1 Billion – but very very few business can IPO at US$1 Billion.
Most importantly, there was only one IPO (Smile-Link Bhd.) from the 4,500+ MOC Alumni since MOC started in 2008. Dr. Wong himself has NEVER IPO any of his businesses – so how can he help you to IPO?
Dr. Wong and his Country Promoters are mainly interested to MLM peer pressure you to attend countless same MOC Refresher courses and useless generic supporting classes (e.g. CXO, X10, IPO Tutorial Series, Reactor Campus Road Show, etc).
Robert Chaen, his ChangeU group of companies, and his Movsha Entrepreneurs & Influencers Network have chosen not to be associated with Dr. Wong Jeh Shyan and anyone with Miracles Of Capital as they cannot support or endorse characters who are unethical and who have no integrity.
Robert highly recommends spending your hard-earned money in RISE Conference than in the useless generic knowledge of Dr. Wong Jeh Shyan’s Miracles of Capital (MOC) for 3 reasons:
1. The RISE networking is Asia’s largest tech network. You have access to world’s top tech speakers, investors, and editors from Uber, Razer, JD, Giphy, JP Morgan, and TechCrunch. Or just network with General Attendees for support along your tech journey.
2. Sourcing for good startup projects to invest in (from Alpha, Beta, Growth to Top 150 Tech companies). You can find them in the PITCH stage.
3. Selecting from the widest range of Tech Services from Venture Builders, Incubators, Tech Solutions, etc.
NOTICE TO MOC VICTIMS:
You are not alone. There are many other MOC victims. If you have lost money in investing in MOC-related projects, pm Robert in Private & Confidential.
Join our ScamBusters Facebook Page:
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