GEORGE TOWN – Controversial money game operator JJPTR is active not just in Malaysia – it even spread its wings to Australia before its collapse at the end of last month.
A young Malaysian couple based in Perth lost nearly RM10,000 after being coaxed into investing in the company by their colleague, a fellow Penangite.
The husband, who wanted to be known only as Yap, 31, said he opened two accounts in March, each worth RM4,700 – one in his name and the other under his wife Oon, also 31.
“My friend told me that the 20% returns would be banked in promptly every month,” he said.
“The scheme was starting to be quite popular among us (Malaysians) in the factory here. I believe a few others also invested.”
Yap said he only found out that JJPTR had become problematic via The Star Online on April 20, the day he was supposed to collect his monthly returns.
Prior to the financial storm, JJPTR members would collect their returns on the 10th, 20th or 30th of each month but the company defaulted on payments on April 20.
JJPTR members will be keeping tabs on their bank accounts over the next few days because founder Johnson Lee has promised to reimburse them.
According to a JJPTR employee who asked for anonymity, the company would probably pay those who invested in the two new schemes – JJPTR2 and JJPTR3 – first.
The two schemes were launched just a few months ago.
“I was told my boss would pay investors of the original scheme, which is JJPTR, after that.
“Payment will be made in stages and is expected to finish by May 20,” she said.
The company will be holding its annual dinner celebration at Berjaya Times Square in Kuala Lumpur on May 20.
Lee has indicated that he would be there to celebrate the occasion with his guests. – The Star Online