Sunshine Empire Alliance, a Malaysian company, are they legal by asking the public to invest into the company?

Question by perdana: Sunshine Empire Alliance, a Malaysian company, are they legal by asking the public to invest into the company?
this company in singapore had claim that they have been awarded wireless networking project in Taichung, Taiwan.
they are using a system so-called “MLM”, to raise fund. but it’s much more sounds like a “Ponzi” scheme. they ask the public to Invest up to USD$ 6900, and they also promise a total return of 200% in 18 months. Half is from the 50% profit of their wireless networking company named EmCom. if the company is making so much money, why dont they loan from the bank instead.

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