Wednesday, May 17, 2017
JJPTR closes shop after arrests
Investors too seem resigned to the fact that they will not be seeing their money after JJPTR founder Johnson Lee and two of his key leaders were remanded in Klang. Facebook pages and social media sites promoting the scheme have also gone silent.
Investor Y.L. Ho, in her 50s, said she knew her fate was sealed when the task force raided eight JJPTR premises in Penang and recorded statements from 15 workers and four investors.
She has yet to recoup her RM4,700 capital, and had lost about RM1,600.
“I was told the founder has been remanded. I don’t think I will ever get back my money,” she said.
Another investor, known only as Goh, believes his investment is as good as gone.
“There is no point going to the office to make further enquiries,” he said.
On Friday, the task force team carted away documents and computers from the main office in Perak Road between noon and 5pm.
Besides JJPTR offices, the team also raided another operator Change Your Life’s (CYL) office at Icon City in Bukit Mertajam.
Businessman S.K. Yeoh, who has invested in a few money games like CYL and Richway Global Venture, said he has lost hope of getting his monthly payouts.
“Following the intervention of the authorities, I think my handsome returns will be up in smoke.
“Luckily I have recouped my capital. If not, it could have been worse,” he said.
A money game player, Ben Chow, 35, said many of his friends knew it was a gamble when they decided to invest in the many get-rich-quick schemes.
“Just look at the number of police reports lodged and you will get some hints. Many of my friends know how these schemes work. They will not go to the police.
“They are always on the lookout for new platforms, knowing they can find easy money if they are among the pioneers. If they lose, they would just curse their luck,” said Chow, who invested in BTC I-system and several other money games.
Meanwhile, Penang police chief Comm Datuk Wira Chuah Ghee Lye said they were waiting for instructions from Bukit Aman before taking the next course of action.
“We won’t jump the gun. We will wait and see the outcome of the investigations on JJPTR.
“There is no reason for us to call up investors to record statements, unless they come to us and make a complaint.
“The Inspector-General of Police has given us three months to investigate the matter.
“Bank Negara is playing an active role in the investigations,” he said after launching a blood donation campaign at Tanjung City Marina yesterday.
Comm Chuah said several businessmen had raised concerns over the prevalence of money game schemes when he first assumed the state police chief post in January.
Posted by wikisabah at 9:56:00 AM