(Video) JJPTR releases video claiming 'new scheme' will be launched

02 May 2017 / 19:14 H.

    GEORGE TOWN: Troubled high yield investment scheme JJPTR has purportedly released a new scheme via a video which has been circulating on social media since Monday night.
    The more than a minute and a half long video is set to an operatic score and has no voiceover to explain what the viewer is looking at.
    The explanation starts with three circles with the words "buy in", "split (three times)" and "sell out" all in Mandarin.
    A line from the circle "buy in" then extends to the circle with the word "split" before extending to the circle with the words "sell out" and ends back at the circle "buy in".
    This is followed by a diagram showing three pyramids, but there is a lack of explanation of what the graphic means.
    The video also shows what is believed to be three investment tiers with entry into the first tier or "S1" between US$1,000 (RM4,300) to US$2,000, entry into the "S2" tier is US$2,000 and entry into the "S3" tier is also US$2,000.
    According to the video, those investing into the different tiers will get "JJ points" which entitles the holder to Bitcoin services, JJ Mart and others.
    Also in the video were what seems to be several investment levels of between US$100 to US$50,000, there is also no explanation on what these mean.
    Near the end, there is a promise of regular lucky draws where the first price is a car, second prize a motorcycle and third prize a phone.
    The video ends with a Mandarin statement telling viewers to contact the nearest branch for more information.
    theSun visited the main office at Jalan Perak here to obtain more information but staff there said they had no idea about the matter since it was new.
    "I am not sure about the exact details as the founder (Johnson Lee) has not explained it," a staff said when asked.
    theSun also saw a few people questioning the staff there if there were any new developments but they declined to speak when approached.
    A staff member when asked said investors will be repaid in stages according to their membership numbers.
    He however could not say when the payout will begin but believed investors will begin to get their money back when the new scheme is rolled out.
    He added Lee is scheduled to attend a company dinner on May 20 at Berjaya Times Square in Kuala Lumpur.
    "Tickets have been on sale through WeChat (a social media messaging application)," he said.
    Asked why Lee has yet to make a public appearance after the scheme collapsed, the staff member said he had no idea.
    "Maybe he (Lee) is concerned for his safety," he said and declined to elaborate further.
    In the latest posting on the JJPTR Facebook page, Lee posted a video where he said he was still in Penang and not in Thailand.
    To prove his point, he panned the camera to Komtar, one of the most iconic buildings in the state.
    JJPTR is in trouble after claiming its trading account was hacked resulting in losses of US$50million (RM218.26million) but there are reporters which claim losses of some RM500 million too.
    Below is the video that is being widely circulated in social media:

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