Some investors still loyal and keeping faith with JJPTR

PETALING JAYA: Anyone in Penang would have heard of JJPTR and its lucrative monthly returns of 20% to investors.

A 30-year-old marketing executive, who wished to be known only as Wah, was convinced by her friend to join the investment scheme in May last year.

“I was sceptical at first so I just put in US$1,000 (RM4,400).

“When the 20% monthly returns came consistently, I invested another US$1,000 after I broke even in five months.

“We were allowed to top up our investments every six months and I’d injected around RM20,000 so far,” said Wah.

Though she is relieved to have got back the amount she invested, she has yet to receive the promised 20% return on her capital.

Wah said those whose investments broke even would continue to receive the 20% monthly returns as long as they did not withdraw the money.

Asked about JJPTR’s businesses, she said she was told the company grew the funds they received through forex investments and their cafe and mini-market operations.

Penny, a 55-year-old housewife, found out about JJPTR from her hairdresser late last year. She invested US$500 (RM2,200).

She broke even in February and even managed to benefit last month and this month.

Penny also received a 5% monthly commission for recruiting her son to put in US$500 in January.

“The commission is based on the amount invested by the people we recruit. The more we recruit, the more we earn.

An accounts officer, who declined to be named, said he invested US$500 in January and would need another 20% to break even on the capital before reports of JJPTR surfaced.

Despite that, the 42-year-old still trusted its founder, saying that “the boss” is a good person who will help those who have not got back the money they invested. He said he would not lodge a police report, adding that seven of his colleagues also invested in the scheme.

But yesterday, over at one of JJPTR offices in Penang, an investor was close to tears when he found it closed.

“I put in US$500 recently. What should I do now?” the distressed investor told Chinese press reporters staking out at the premises.

“I was hoping the investment would ease my household burden.

“Boss (Lee) said he will revive the business but why is he locking the doors and not meeting us investors?” he asked.