What happened to Jjptr?

According to a report in China Press today, Lee, who has been keeping a low profile since JJPTR collapsed in early 2017 after claiming its trading account had lost RM500 million due to a hacking job, is recruiting investors to join his “S BLOCK” WeChat group.

How JJPTR works?

How does JJPTR work? To become a member or investor, all you have to do is open an account with JJPTR and deposit a minimum of USD50 (RM217) up to USD1,000 (RM4,347.50) into their designated bank account. Every investor is guaranteed a 20% monthly profit on their invested capital.

What is Jjptr?

JJPTR stands for 解救普通人 (Saving the Ordinary People). It is a Forex investment company based in Malaysia. Founded by self-professed Forex trading guru Johnson Lee, it claims of a noble mission to help ordinary people make a passive income through Forex trading.

What is Money Game Malaysia?

So what the is the money game Money game is basically a pyramid scheme of Ponzi scheme That’s disguised as an investment platform. They’ll claim that the money invested will be used to invest in all sorts of stuff and provide you with great return like 20 percent man.

How can I get my money back after being scammed in Malaysia?

Bank Negara Malaysia for financial scams They might be able to trace where your money has gone, and if they’re successful, they may be able to get your money back. To file a complaint with BNM, you can call their BNMTELELINK, which is 1-300-88-5465 (1-300-88-LINK).

Is forex a money game?

“Recently, there are individuals and companies collecting money from unsuspicious youngsters for investments, under the name of forex trading. “These are money games. They are illegal and will eventually land you in great financial losses and a lot of trouble,” Ronnie Liu said, in a Facebook post.

Will bank refund scammed money Malaysia?

Bank Negara Malaysia for financial scams Apart from filing a report with PDRM, BNM should be the next authority you contact if you’ve been scammed. They might be able to trace where your money has gone, and if they’re successful, they may be able to get your money back.

Can I lose all my money in forex?

Forex traders can lose money by trading too aggressively, particularly when bucking obvious trends. Your first, safest priority shouldn’t be gain but rather not losing what you already have. When you open a Forex trade, stick with it for a while.

Can you get money back on Cash App if scammed?

Yes, in most cases Cash App will refund money to fraud victims. Scammed users should log in to their Cash App accounts, locate the fraudulent transaction and notify the platform by filing a dispute.

Can someone steal your money with your Cash App name?

But all the security and encryption in the world won’t stop everyone from falling for a ruse. After all, scammers gonna scam. That being said, there is a lot you can do to protect yourself… and your money. First off, you should know that any money-transfer app, including the Cash App, is susceptible to money fraud.

Will Cash App refund stolen money?

One of the most popular mobile payment apps in the United States, Cash App offers basic fraud protection services. These services include canceling pending transactions, requesting a refund from the receiver in transactions and ultimately disputing transactions if the receiver of the money won’t provide a refund.

Is jjptr a scam?

While most of us here know that JJPTR is a scam, there are many unscrupulous agents who go around telling lies that JJPTR actually does forex trades. His post above gives potential investors the proof they need to counter that.

Why is jjptr so popular?

JJPTR? Your friends are not just earning with their own money/investments. The reason why they can get high returns is also because they have a number of downlines. Look at all my stars!! There are about 10,000 different illegal Ponzi schemes ongoing in Malaysia alone now.

Is jjptr a Ponzi scheme?

On 22nd April 2017, JJPTR’s founder Johnson Lee shared a lengthy WeChat post admitting that the company’s trading account was hacked, resulting in RM500mil in losses. . But is it real? Nobody knows, but this can be an early sign of a Ponzi scheme’s collapse.