Ex-brokers demand return of clients’ money

IPOH: Four former foreign exchange investment brokers are demanding that their “bosses” return money to their clients after suspecting that the whole thing is a money game scheme.

One of them, Davis Lee, 27, said they only found out about the scheme earlier this year after a few clients complained to him about failing to withdraw their investment.

Lee said he tried to ask the two “bosses” – known as Nicky and Steven – above the matter, but was given excuses that the money could not be withdrawn.

“I was told to do my job and to continue finding more investors.

“I was also threatened by Nicky, who said he would drag me to meet with some gangster head if he ever sees me.

“I am still getting calls from my clients about getting back their money, which comes to about RM200,000,” he told a press conference held by Perak MCA public complaints bureau chief Low Guo Nan here yesterday.

Lee said he got to know the two men through an education programme on forex investment in 2018.

“Both are in their 20s and proclaimed themselves as ‘Datuk’.”

Lee said the two would provide guidance on how to find investors and make transactions.

“This included having the investors transfer money into our personal bank accounts before being transferred to their accounts.

“It initially felt legitimate as there were clients who got some profits while we also got our commissions.

“We only found out later that it is not the right way to do transactions,” he said.

Another former broker Daryl Yong, 19, said all of them had lodged separate police reports against the two men.

“I still have three people who are constantly asking me to return their money, including my mother.

“As we’ve already lodged police reports, we will let the police investigate the matter for now,” he said.

During the press conference, Low contacted Nicky, who claimed he too was just an agent.

“The brokers have about 24 clients between them who are demanding for their money. The total now is about RM700,000.”