There are so many scams, ponzi schemes, and MLM business cults, Here are 3 Infamous Scams:
1. Bernard Lawrence Madoff is an American former market maker, investment advisor, financier, fraudster, and convicted felon, who is currently serving a federal prison sentence for offenses related to a massive Ponzi scheme. He is the former non-executive chairman of the NASDAQ stock market, the confessed operator of the largest Ponzi scheme in world history, and the largest financial fraud in U.S. history. Prosecutors estimated the fraud to be worth $64.8 billion based on the amounts in the accounts of Madoff’s 4,800 clients as of November 30, 2008.
Madoff founded a penny stock brokerage in 1960 which eventually grew into Bernard L. Madoff Investment Securities. He served as its chairman until his arrest on December 11, 2008. The firm was one of the top market maker businesses on Wall Street, which bypassed “specialist” firms by directly executing orders over the counter from retail brokers.
Watch insightful video on Bernie Madoff – World’s Biggest Ponzi Scam (US$65B). Learn how to detect Scam Red Flags>> https://tinyurl.com/yybpefda
Watch the excellent film The Wizard of Lies:
It is a 2017 American television drama film, based on the non-fiction book of the same name by Diana B. Henriques. The film stars Robert De Niro as businessman Bernard Madoff, Michelle Pfeiffer as his wife Ruth Madoff, and Alessandro Nivola as their older son Mark Madoff. It aired on HBO on May 20, 2017.
4. Singapore’s biggest Ponzi scam: James Phang Wah & Sunshine Empire (S$190M).
Why does Jimmy Ty-Phoon of Miracles of Capital (MOC) look like James Phang. Even their names are quite close.
Read about Jimmy Phoon, Dr Wong Jeh Shyan’s right hand man, is an uncouth bad character and a bully who can’t spell right, write, debate, or speak professionally in Miracles Of Capital (MOC). >> https://tinyurl.com/y2snbd66
From Google search, it seems I’m the FIRST writer to ever write a professional review and evaluation about Dr Wong Jeh Shyan and his Miracles Of Capital (MOC) program.
Why has “Dr” Wong and Miracles Of Capital escaped media scrutiny so far?
But how come you have not heard about the countless damages done by “Dr” Wong and MOC MLM business cult? Discover what can you do to escape MOC’s constant hard-selling for recourses, or help your MOC loved ones to let go of this delusional, damaging MLM business cult.
My simple answer why Dr Wong has escaped exposé since its commencement in 2008 is what Dr Wong teaches in MOC is actually LEGAL BUT UNETHICAL.
Because MOC is legal even though it is useless generic information from Google, most MOC Alumni when they realized that they had been cheated will only blame themselves. But so far no one is courageous enough or has the professional qualification in writing a review.
I also suspect there is massive cover up by Dr Wong and his accoplices as there is hardly any information about MOC students and news from the first six years of MOC existence i.e. 2008-2014.
Why Do I call MOC a Business MLM Cult?
It’s very obvious if you see it from this perspective.
“Dr” Wong, the founder of MOC MLM is the only one at top of the MOC PMLM Pyramid.
His main objective is to gain the most profits from his MLM network. He typically gets 20% shares of Projects he is involved in – usually without any capital investment but playing an advisory role.
The First Level MOC MLM Leaders who directly reports to “Dr” Wong are his Promoters i.e. Jimmy Phoon (“Dr” Wong’s right hand man); Nash” Nazril Idrus, Cynthia Chiam, Ashraf Sinclair of Precession Capital (“Principles Of Capital for English/Malay market in Malaysia, Indonesia, Singapore); Connie Low of Fashion Library (“Ladies PowerHouse” for Chinese and women entrepreneurs in Malaysia and Taiwan); Marcus Leng for MOC Vietnam, Martin for MOC Taiwan, GoGlobal for Mauritius, and other MOC Country Promoters.
For example the C-Levels (CEO, COO, CFO) of Precession Capital do not get any salary but they are rewarded with dividends paid out which was typically showed off during the breaks of a MOC Conference.
The Second Level MOC MLM Leaders are Founders of Projects such as Dr. SK Tham of ALPS, Zamsaham of UncleZam. They will pay a Pitching Fee (up to US$1,000 for each MOC Conference Pitch) to new MOC Conferences. Projects also get investments from the MOC Alumni.
The Third Level MOC MLM are the general MOC Alumni. There are 500+ international members from 15 countries that MOC operate in the secret Facebook Group called “MOC Most Aspiring Entrepreneurs.”
Like in any MLM pyramid, the bottom “Sandwich Class” Third Level MOC Alumni are the most squeezed of all. They are constantly bombarded daily in their respective Whatsapp Groups with high pressure to enroll for upcoming MOC Conferences.
5 Multiple-Level Damages to Student’s Well-Being by “Dr” Wong Jeh Shyan’s Miracles Of Capital:
1. Financial Level Damage:
Firstly, a student would have spent at least US$3,750 to attend a MOC Conference in one of the 17 countries MOC operates in.
Secondly, the Third Level MLM MOC Alumni are bombarded every day in their MOC Whatsapp group with hard-selling pressure to attend the same repeated MOC Refresher courses (minimum US$750) and other Post-MOC courses like CXO, Merger & Acquistion which are useless generic courses.
Thirdly, even pitching at MOC conferences are not free – around US$1,000 for a 5-10 pitch.
2. Marketing Level Damage:
Dr Wong is the most weak in marketing. His mentioning of famous Brands in MOC course is basic information which does not help you to develop a Strategic Marketing approach.
What is shocking is Dr Wong does not give any emphasis on Marketing and only focuses on his generic Capital Mechanisms. Case in point: Dr Wong CXO course only covers generic information about CEO, COO and CFO – and NOTHING on CMO.
3. Course Junkie Addiction Level Damage:
Dr Wong and his First Level MLM Promoters keep MOC Alumni high and motivated on their aspirations that one day they will be a US$1 Billion Unicorn when they IPO in 4-5 years (this is the unrealistic time frame that is repeated in MOC and in subsequent 1-on-1 Private Sessions with Dr Wong which he does not give useful expert advice on their pitch.
MOC Alumni will keep attending the same countless MOC refresher courses to get high on being a future Tycoon.
4. Reputation Level Damage:
Because Dr Wong’s name stinks to high heavens among ex-MOC Alumni in countries MOC operates, your reputation will be tarnished when other investors discover that you are associated wtih a fake Dr Wong with a fake doctorate from the banned Pakistan University – Dadabouy.
My advice is to cut your losses and run far way from Dr Wong and MOC.Openly declare you and your company has nothing to do with MOC and Dr Wong.
5. Scam Level Damage:
Just show your MOC course materials to any reputable Investment Banker or Investor and get their feedback. I can guarantee you most if not all of them will tell you MOC is a scam and is useless generic information to IPO or build your business model.
The reasons why people are attracted and can’t leave a Business MLM Cults are:
1. The Fallacy of False Hope:
Many MOC students dream and aspire to be a successful tycoon, a US$1Billion Unicorn but majority of MOC students have NO viable Business Concept or market share to build on.
Dr Wong with the high energy pumping music in MOC conference is designed to get attendees intoxicated and addicted to the highs on being the next Tycoon.
Then they use Whatsapp Groups to apply MLM Cult-like peer pressure to help them enrol their partners, friends in attednign MOC.
2. The Fallacy of Sunk Costs:
MOC Alumni have invested themselves so thoroughly in MOC that they are reluctant to ever abandon it, even when it turns out to be fruitless and futile.
3. The Fallacy of the Power of MOC Networking:
The First Level MLM Promoters like Jimmy Ty-Phoon will impress on you the power of MOC networking of 17 countries. But actually nothing much will come out of attending any of the MOC Conferences in the 17 Countries. Most MOC Alumni are too caught up and are struggling to get pass the Co-Founders Level which most MOC Alumni are stuck at.
Dr Wong designed MOC so that MOC Alumni will always be totally dependent on MOC. Why?
Because IF someone “stumble into success by mistake” they will eventually get the help of real Angel Investors and Investment Bankers will can help them get to the next level with proper MARKETING and business guidance.
Dr Wong knows that once a MOC Alumni go to a higher level pass teh Con-Founder level in the FRM, they will no longer need MOC and Dr Wong and his Promoters will not make any more money from these smart students.
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).
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 MOC useless generic information.
#RobertReview (Dr. Wong Jeh Shyan, Miracles Of Capital):
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Published: 23rd August 2019.
Updated: 26th August 2019.
5 Multiple-Level Damages to MOC Alumni’s Well-Being by Dr Wong Jeh Shyan and Miracles Of Capital