• My Tweets

    Error: Twitter did not respond. Please wait a few minutes and refresh this page.

  • Share This Blog

    Bookmark and Share
  • Enter your email address to follow this blog and receive notifications of new posts by email.

    Join 12 other followers

  • Blog Stats

    • 82,476 hits
  • Advertisements

Kutu Wang Pos & Its Like


I’m sure you have heard of Kutu wang pos or ekootwo or whatever they call it. They promise you money and financial freedom if you join them. Open up your eyes people, this is just a Ponzi scheme that will lead to nowhere. Mostly it involves you passing around a chain letter of some sort and substitute your name for the one before you etc. and hoping those who read your chain letter will be stupid enough to send it to you. Oh you can make money out of it, no doubt, but come on think about it. How do they sustain the income? People aren’t going to keep sending money. At some point the money is going to stop. Personally there are more better ways to make money. Companies doing business of Kutu or tontine is also illegal in Malaysia due to the Kootu Funds (Prohibition) Act 1971. Doing it amongst friends and family is something else but to give money to some stranger brings this saying to mind: A fool and his money are soon parted…

So think carefully and see you tomorrow…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: