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JJPTR refunds money to 100 investors, more on the way

 | May 10, 2017

JJPTR founder Johnson Lee makes his first public appearance today following the collapse of the scheme, sparking investor faith in his planned new investment scheme.



KUALA LUMPUR: While the debate is on about whether the JJPTR investment scheme is a scam, some of the investors still have faith in it.

Especially so now, as JJPTR today refunded the money of 100 investors.

Lee Tuin, 23, who joined the scheme in February this year, said he still had faith in the scheme.

“A friend introduced me to the scheme and I thought I’d try it out since it can help me with my monthly expenses,” the online trader told FMT.

“I invested RM1,880 and received the 20% dividend in April. After that, I was told the scheme was no longer in operation.”

He said he might join the new scheme that JJPTR is planning to introduce.

Lee was among 100 less-abled JJPTR investors who received in cash the money they had invested in the scheme. The total amount paid out today was not revealed.

All 100 investors came to a press conference, facilitated by the Gerakan today, where JJPTR’s founder, 28-year-old Johnson Lee, made his first public appearance since the scheme was thrust into the limelight after it claimed its funds were siphoned off by “hackers”.

This had allegedly resulted in JJPTR losing over US$50 million (RM217 million). However, unverified claims put the losses at more than US$400 million (RM1,736 million).

Lee, speaking to the press in Mandarin this afternoon, said the payouts today were only part of its first phase of repayments. More investors would get their investments back soon, he added.

Kenneth Thien Kayen, 49, told FMT that Lee had proven he was a responsible man who really cared about his investors’ well-being.

“He (Lee) didn’t run away and he was considerate enough to refund our investments.

“So, I will definitely look into the new scheme he is offering. If it is stable, I may invest in it.”

Kenneth said he joined the scheme late last month, investing RM4,700, and received his 20% returns this month. He also earned an extra 5% for introducing another investor.

Asmah Abd Rahman, 45, on the other hand, didn’t get her returns despite investing in the scheme in February this year.

The mother of five, who had her 12-year-old daughter deliver her message as she is mute, said she paid RM480 to a woman she met on Facebook. The woman told her the money was to open a bank account under her name.

“She didn’t tell me what I would get for investing in the scheme, except that it could help me with my expenses.”

She, too, got her refund today.

Meanwhile, Gerakan deputy Youth chief Andy Yong, in a statement distributed at the press conference, said the 100 investors who had their investments refunded came from Segambut, Kepong and Brickfields.

“Gerakan does not support any illegal money games. We take this opportunity to alert members of the public to be cautious.

“Please refrain from investing in companies and websites which are neither authorised nor approved under the relevant laws and regulations.”

JJPTR’s money game investment scheme was established in 2015, promising returns as high as 20% a month to members.

The new scheme announced earlier this month, promises 35% returns a month.

Now, founder of collapsed JJPTR offers new scheme with 35% returns

JJPTR founder finds investors to bail out money game


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