No sign of new JJPTR scheme
> Investors unsure of company’s fate after police raids
GEORGE TOWN: Investors of troubled high-yield investment scheme JJ Poor To Rich (JJPTR) are clueless on the company’s new scheme.
Although its founder, Johnson Lee, said via a statement on social media it would be officially rolled out yesterday, no one seems to have any details.
A housewife, who wished to be known only as Tan, 40, told theSun she was not informed about the new scheme despite being promised it would be done.
She is uncertain if the company is sustainable in the long-term after being raided over the weekend but is keeping her fingers crossed.
“I am still waiting for my capital to be returned,” she said.
Another investor, who declined to be named, said he has no idea whether the new scheme would be launched.
“I really do not know about it,” he said.
A JJPTR staff member theSun spoke to also claimed he had no idea whether a dinner scheduled to be hosted by the company in Kuala Lumpur on Saturday would proceed.
It is understood from company sources that the new scheme will be put on hold despite reported plans of it be released yesterday.
The sources told theSun it all depends on the situation but did not elaborate.
The company came under the spotlight after it claimed its trading account was hacked, allegedly causing losses of RM500 million.
It is said to have attracted about 430,000 investors since the scheme was launched two years ago.
Raids were carried out at its offices over the weekend by a task force consisting of officers from Bank Negara Malaysia, Bukit Aman’s Commercial Crime Investigation Department, the Securities Commission of Malaysia and National Revenue Recovery Enforcement Team.
State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow commended federal authorities over their action against money game operators.