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Kutu Wang Pos & Its Like


Salam,

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…

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