JJ Poor to Rich scheme founder pleads not guilty
BUTTERWORTH: The JJ Poor To Rich (JJPTR) investment scheme founder pleaded not guilty to a charge of falsifying documents submitted to the Companies Commission of Malaysia (SSM) in 2016.
Lee Choong Sen, 29, also known as Johnson Lee, was charged at the Sessions Court here yesterday with submitting false details in his declaration when trying to strike off his company’s name, as required under the Companies Act.
He allegedly declared that JJ Global Networks Sdn Bhd had never been involved in business since it was established.
The offence, which comes under Section 364(2) of the Companies Act 1965, was allegedly committed at the Seberang Jaya SSM office on Dec 15, 2016.
SSM prosecuting officer Faiz Mahdi Mahmud requested that the court set bail at RM10,000.
Lee’s lawyer, Nick Tan Meow Khoon, however, asked for the bail to be RM5,000, taking into consideration the cooperation given by his client to the authorities.
Judge Noor Aini Yusof set bail at RM6,000 and set April 12 for mention.
It was reported that JJPTR is a “money game” scheme, which promises lucrative returns as high as 20 per cent for its members.
However, investors started to panic in April last year when their monthly interest was not credited into their accounts.
The company claimed that its trading account was hacked, resulting in losses of more than US$400 million (RM1.7 billion).