Investment company boss begins refunding investors


Looi Sue-Chern

JOHNSON Lee surfaced last night - in a new video uploaded on the JJPTR Facebook page – to once again promise all his investors he will pay them back every sen they put into his forex trading setup.

The 28-year-old founder of JJPTR even started reimbursing some investors yesterday, with the pledge to refund all members in due time.

Lee said JJPTR would pay those who have just signed up and those who had already collected their capital, what is still due to them, but he asked for some time.

“For people who had broken even and expect their investments back, I will be responsible and refund their capital.

“But we have to first pay those who have not made their money yet.

“How will I return the money? Let’s just say I have a way to make the money to give it to the members,” he said in the four-minute video which was uploaded at 10.15pm yesterday.

He also said he had spoken to investors, including some from overseas, so “there is no problem”.

Lee said the refunds for those who had recently signed up for the JJPTR forex trading plan, would come in stages.

He also explained how they could submit the necessary paperwork online to JJPTR to get the refunds.

“Members who had registered with JJPTR from (April) 20th onwards can get their refunds starting early next month, since their money have not been approved for trading.

“Go to the website and do the necessary, such as providing us with the bank slip with your name on it. If you don’t know how to do, visit the branch closest to you for help.

“Members whose requests to top up their investments had not been approved can also get their refund,” he said.

Lee said he was “extremely grateful” to JJPTR members who have continued to support him during this trying time.

He said he would communicate with them every two or three days. He, however, did not say how.

At the end of the video, Lee also left the media a message. He said he took responsibility for his own actions, and asked the media to go for him and not those close to him.

The video was posted more than five hours after a screenshot of a list of online giro transfers was posted on the same Facebook page, showing that money had been returned to some members.

A staff at JJPTR’s head office at Jalan Perak, Penang, told The Malaysian Insight that the transfers were for “J2” members, who had banked in money for trading next month.

“As their monies have not been traded, they are getting their refunds faster than the rest.

“The others will have to wait but the boss has promised to pay them back.

“Some people out there say JJPTR is a scam. But the boss is returning the members’ money. He hasn’t left the country,” he said.

Lee recently claimed that JJPTR’s trading accounts had been hacked, causing the company huge losses of over US$400 million (RM1.7 billion).

Those who invested in the company’s forex trading plans had complained of not getting their latest monthly returns.

The issue had been played up by the media, namely the Chinese dailies, as most of those who had signed up are local Chinese.

While Lee could not be contacted since his troubles started, the media went looking for those related to him. They found his father Lee Thean Chye, an assistant professor at Southern University College in Skudai, Johor.

After putting the college in the spotlight, Thean Chye resigned from his job on Wednesday.

It was also reported that person claiming to have lost RM2,100 in the investment scheme has lodged a police report in Johor against JJPTR earlier this week.

The police are investigating the complaint under Section 420 of the Penal Code for cheating. – April 29, 2017.


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