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Beware Facebook IPO Scams

Salam everyone,

I’m sure you have all heard about the upcoming MULTI-BILLION Facebook IPO. According to news report, Facebook Inc is on track to issue the IPO by the 18th of May this year.

The business world is abuzz with the news and speculation is rife about the offer price for the IPO, with estimates ranging from 30 to 50 dollars a share. Mark Zuckerberg, founder of Facebook Inc has valued the tech company at around a whopping 100 BILLION DOLLARS!

To compare, take Google Inc for instance; Google shares are trading at an average of 600 dollars per share on the NASDAQ with a total market cap of about 200 BILLION DOLLARS.In other words, one could speculate that the average share price of Facebook could reach as high as 300 dollars per share, maybe more.

So Facebook shares are very hot and everyone will want to get their hands on some, and so we come to the topic of my post: “Beware Facebook IPO Scams“. As Facebook Inc nears the date of its IPO, many unscrupulous individuals will want to take advantage of the hype. I personally have been approached by a certain individual claiming to be from some securities brokerage firm.

So this guy calls me up on my cellphone and introduces himself as a stock broker and says that he has Facebook shares to sell. Of course I was excited to hear that and so listened to his sales pitch. He was going to sell me 100 shares of Facebook at about 35 dollars a share. He tells me that he expects the shares to go up as much as 150 dollars a share within two to three months of the opening day.

Needless to say I was very excited as I could easily quadruple my money in a period of two to three months. He emailed me some forms for me to fill out and said that I have another 2 working days to complete the payment. Once I had the forms and went over them, I began to have doubts. There was no listing of the firm’s name in the SEC or FINRA website. The website address he gave did not reveal any kind of licenses of any sort. Alarm bells started ringing and I knew something funky was going on.

According to SEC regulations, you have to be a qualified investor to be able to invest in IPOs. Simply put, you need to have a net worth of at least One Million Dollars and have an annual income of at least 200K. Obviously I don’t have a net worth of USD One Million nor do I have an annual income of USD200K. Not yet anyway (here’s hoping).

So if you are approached by certain individuals or stock brokerage firms be sure to double check with the SEC and FINRA and always do your research. The question to ask is “Why me?” and if you never have any history of trading shares on the NYSE or NASDAQ, more often than not its a scam. The old adage of “if its too good to be true..” should always be kept in mind when dealing with dubious investments.

So be warned readers, and remember: A fool and his money will soon be parted.

How do you do the hudud that you do?

Salam everyone, today’s post title was inspired by That Effing Show episode with a similar title. Sorry guys I just couldn’t resist the temptation.

Anyway there has been much ado about hudud this past month, thanks to politicking by PAS and UMNO. A lot has been said, so I might as well chip in. Plus it’s been 5 months since my last post, so time to clean out the cobwebs.

Some if not most people have this perception that hudud is cruel. If you are like me, you probably recall images from Kevin Costner’s Robin Hood Prince of Thieves, where the hero is languishing in a prison waiting for his hand to be cut off. His tormentors are of Arabic descent, you can tell by the towels they have wrapped around their heads, obviously haha.

But is that the whole truth about Hudud? On a more serious note, Hudud is known by many as central to Islamic criminal law. I dare say that some people think that that is all to it. However there’s more to Islamic criminal law than just Hudud. I’m not a religious scholar so I don’t have the authority to explain in detail but I can refer you to this article on Wikipedia. It states that Hudud is one class of punishment for offences against Allah s.w.t. There are also Ta’zir (discretion of the judge), Qisas (retribution) and Diyya (compensation). So Islamic criminal law is more than just chopping off people’s hand or stoning them to death.

This is a video that I think gives a good explanation on the implementation of Hudud. It’s in Malay though but basically it explains that Hudud reserved for those who are truly irreverent. I mean visualize some psychopath, whilst wandering around in public, suddenly starts raping someone or robbing a bank, all nonchalant like, in plain sight. I don’t know about you but to me that is BAD ASS! Maybe just maybe he deserves to be punished according to Hudud. But in reality these things hardly ever happen. In most cases, the authorities will be hard pressed to get one credible eyewitness, let alone four.

So is Hudud impractical? The heavy burden of proof makes it very difficult but that is why there is still Ta’zir, Qisas and Diyya. To implement Islamic criminal law we can’t just implement Hudud, we have to implement the entire system otherwise there would be too many loopholes. In my opinion the current system in place already fulfills the precepts of Islamic criminal law. Like the Islamic criminal system, a lot of the work rests on the shoulders of the judge. It is up to the judge to hear witnesses’ testimonies, go through the evidence and then after thinking it through come to a decision. The judge is assisted by case law and the Penal Code which also contains the principles of Ta’zir, Qisas and Diyya. Ultimately it lies on the judges – who will rely on their own wisdom in interpreting the law or in the Islamic system, the Quran and the hadith.

There is still a lot to discuss on the topic but basically what I want to say is that most people are unclear on what Hudud really is and that they should understand that Hudud is just a part of Islam that if read independently may cause misunderstanding and cause this perception that Hudud is a cruel, flawed, anti-human rights law, when in reality Islam as a whole is not.



Tuntutan Harta Pusaka

Salam everyone,

I wrote an article for my wife’s blog. Please read it at http://salsalim.blogpsot.com. The title is “Tuntutan Harta Pusaka”. Please read and comment thank you.


Fake Eggs! An April Fool’s Joke???

Salam everyone

I am sure everyone has heard the news of the discovery of fake eggs in Penang. If you haven’t read this article from The Star.  Wow fake eggs? I wonder what’s next? I mean the very idea of fake eggs is ludicrous, where does the fake egg come from? Did a fake chicken lay the fake egg? Which begs the question: Which came first the fake chicken or the fake egg?

I am sure its just someone’s idea of an April Fool’s joke gone awry. As it only appeared in Pulau Tikus Market, I’m guessing its a prank from a local Penangite. Due to the furor in the news the prankster is probably to afraid to man up and take responsibility for all the mess the fake eggs has caused. Well the yolks on you man…

Penny Auction Sites, Scams?

Salam everyone,

Today’s post is about penny auction sites that purports to sell various items at very cheap prices. I am sure you have seen ads where things like Iphones, laptops, digital cameras etc were sold at ridiculously cheap prices. To the unsuspecting buyer a deep discount of up to 99% is surely enticing. But are these sites scams?

Websites like sharkybids.com or pennyauctions.com.my offer a free membership and a few free bids. They operate by charging members for every single bid they make. For instance a digital camera that’s worth about RM800 is being auctioned starting with the price of a single penny or cent. Each bid a member makes will move up the price by a penny.  So members start bidding in the hope that they may get to buy a digital camera for a very low price. After a certain period of time the bidding ends and the auction price ends up at, say RM10 for instance. A digital camera worth about RM800 being sold at 10 dollars is indeed a bargain and these websites (the legit ones at least) do honor the auction. So how do these websites actually afford to sell a camera at only 10 dollars?

Remember that every bid moves up the price by a single cent so if the final price is 10 dollars that would mean there would have been 999 bids. Every single bid makes money for the website. Most websites charge an average of RM 2 for every bid so 999 bids equals RM1998. So this means that the website actually make RM1998 and the RM10 from auctioning the camera. In this instance the website even makes a profit of RM1208. Pretty clever eh?

This is certainly a good business model for the webmaster as he can reap pretty large profits. The auction winner also gets a deep discount. However for the others that failed, they would lose the money they spent on buying those bids. So the model is similar to that of a lottery – the organizer reaps a huge profit by selling tickets and pays out to a sole lucky winner while the others just effectively burn their money for nothing.
So is this a scam? Well some might say that it is. If you are not well informed you might feel cheated at the end of the day, but if you are aware of the risks involved and willing to take the gamble then it is on your own head. So for those who like taking risks and gambling penny auctions are just the thing for you. Of course for Muslims like me, participating in such penny auctions would be haram as it is a form of gambling and thus forbidden in our religion. So now you know, until next time, Salam everyone.

Rumah Banglo 1 Tingkat – Taman Seri Rantau, Rantau Panjang, Mukim Kapar, Klang


Rumah Banglo 1 Tingkat di buka untuk jualan,
Type Bakawali dan Anggerik.

Projek oleh Payaguchi Corporation Sdn. Bhd.
Kini dalam pembinaan dan rumah contoh “ready for viewing”.

Dengan Geran Individu, Pegangan Kekal, Tanah Rezab Melayu,
Lengkap dengan Infrastuktur, keluasan tanah kira-kira 3900-4000 kps.

Selling Fast!!! Hanya tinggal 8 unit sahaja!!!
Hanya dengan harga RM285,000.00 sahaja!!!

Untuk gambar sila lawati BLOG ini.

Untuk maklumat lanjut atau ingin mengunjungi tapak pembinaan,
sila hubungi KEE THARIQ: 016-2962431

Making Money With Score A Programme

Salam everyone,

This is another post in the Score A Program series. This time we will discuss on how one makes money with Score A Program.

Score A Programme has provided an excellent platform for one to make money with. There are two ways to generate income: the first is through the Fast Start Bonus (FSB) system and the second through the Leadership Bonus (LSB) system.

FSB System:

This  method generates income through networking i.e. recruiting new members who also subscribe to a Score A Programme package. Currently there are three packages available: eBiz, ePartner (eP) and eEntrepreneur(eE).

A member will receive up to four bonuses i.e. referral bonus, pairing bonus, royalty bonus and processing fee. The fourth bonus is only available to those subscribing to the eE package.

The capital required to subscribe to these package are as follows:

eBiz = RM596

ePartner = RM1788

eEntrepreneur = RM5548

An eBiz member can only earn RM70 for each referral regardless of whatever package his referral subscribes to. An eBiz has only ONE business account and he can only have TWO  lines in his network.

An eP member can earn RM70 for referring an eBiz member, RM140 for referring an eP member, and RM210 for referring an eE member. An eP has THREE business accounts and can have FOUR lines in his network.

An eE member can earn RM70 for referring an eBiz member, RM210 for referring an eP member, and RM800 for referring an eE member. Furthemore, an aE member also receives spillover when an eBiz or eP in his network refers other members. If an eBiz recruits an eP member, the eE member will receive an additional RM140, and if an eBiz recruits an eE member, the eE member will receive RM730. If an eP member recruits an eP member, the eE member will recive an additional RM70, and if an eP member recruits an eE member, the eE member will receive RM590.

The eE member is also entitled to a processing fee bonus. For every eBiz that is registered under his network, the eE will be paid RM8. For every eP the eE will be paid RM32. And for an eE, the eE will be paid RM80. It should be noted that an eE member can receive this spillover and processing fee as long as there are no other eE members in his lines. An eE member has SEVEN accounts and can have a maximum of EIGHT lines in his network.

All members also receive a pairing bonus i.e. when there are new recruits registered under a member’s SEPERATE lines. Each pairing will be paid RM80 up to a maximum of of TWELVE pairs for each account.

Meaning that the maximum income daily for pairing bonuses  for each package are as follows:

eBiz = 1 acc *  12 pairs * RM80 = RM960 max daily income from pairing

eP = 3 acc * 12 pairs * RM80 = RM2880 max daily income from pairing

eE = 7 acc * 12 pairs * RM 80 = RM6720 max daily income from pairing

Max monthly income for eBiz = RM960 * 30 days = RM28800

Max monthly income for eP = RM2880 * 30 days = RM86,400

Max monthly income for eE = RM 6720 * 30 days = RM201,600

Thats  a whole lot of moolah if you ask me. So if you want the big bucks the eE package is the way to go.

But we are not finished yet, there is still the royalty bonus. This bonus pays a member 5% of the pairing bonus of his members in his first four levels. For example an eE member can have 8 lines and each member also recruit other eE members. So after four levels you will have a total number of members as the following:

U: 8: 64: 512: 4096 = a total of 4680 members in your first four levels.

These members can have a potential of RM201,600 income per month from pairing. So royalty bonus will be calculated as the following:

4680 * 201,600 * 5% = RM47,174,400

So a whopping RM50 million from royalty bonuses alone. But this is of course if our network develops perfectly. But even with 1% success rate will yield RM471,744 straight to your pocket!

LSB System

The other method of generating income from Score A is through the LSB system. This is a retailing method that actually does not require any initial capital.

One only needs to register as a member and then proceed with retailing the Score A Programme to parents. A starter pack is valued at RM596 which provides 6 months access. A member buys this pack at RM496 from the company and sells it for a retail profit of RM100. The member will also receive BV points totalling 170BV. These BV points will be converted into cash payout the next following month. By aiming for volume a member can reap a decent amount in retail profit as well accumulate serious amounts of BV.

Of course the best method is to do both systems at once! If there are anymore questions, you can drop me an email at keethariq@gmail.com or call me at 0162962431.

“Whether you think you can do it, or you can’t, either way you are right”

— Henry Ford