SMT (Smart Trader) presented itself as an innovative investment company offering high, guaranteed returns through a "stock split" model, also known as a share splitting program. The scheme, which was particularly popular in Malaysia and China, is reported to be an offshoot of the collapsed UFun scheme. It attracted investors by promising significant profits with minimal risk, a common characteristic of Ponzi and pyramid schemes. The entity is not a regulated financial services company and has since collapsed, with numerous reports of investors being unable to withdraw their funds.

Founded in

United States