Monday, August 16, 2010
Sibu Hit By Get-Rich-Quick Schemes
Ten years ago numerous Get-Rich-Quick schemes swept all over Malaysia. Sibu apparently was the hardest-hit town with countless of wealth-seekers being sweet-talked into investing in the pyramid schemes.
The hit started in 1999 and lasted for about two years. I encountered one scene when streams of keen investors queued up at five-foot-way with piles of hard cash waiting for their turns to dump in money to get the promised "easy, quick and high" returns. I was totally shocked by the euphoria of the crowd.
Quite a lot of people came up to me for advice, including some church leaders. I told them outright: Economically speaking, the schemes are not logical at all!
The pictures were taken during BCF 2010.