I had the opportunity to inteact with one of the so called satisfied client of swiss cash. At least he knew one fact that now Indians can invest outside India upto a specified amount. all he had to say that everything is on the "website" and he is getting 25% for past 3 months. some very apperant fraudlent activities in the entire scheme are; 1. You never draw cheque in facour of broker/ advisor. but in this case the fellow was asking cheque in his name. 2. since the "MF" is based out of "USA" (??) they accept only dollers that too at the rate of 48.50!!! why a rational person would buy doller at 48 when the market rate is 40-41? 3. the returns you get is in "e-points" he had no answer what is this "e-points" & how one can redeem it. 4. There is no portfolio disclosure. the website mentiones each and every thing available under the sun like stocks, bonds, derivatives, commodities, currency, art, real estate etc.etc...i wonder if one could get better diversification than this!!!!! 5. there is no grevience mechanism. no local address in India. ....if somebody still interested i can pass on contact number!!! Beware of such fraud.
