Uncertainty surrounds JJPTR as investors in the dark over new scheme

GEORGE TOWN: Investors of troubled high-yield investment scheme JJ Poor To Rich (JJPTR) are clueless on the company's new scheme launched today.
Despite being officially said to be rolled out, many had no details of the new scheme with a number saying they were not briefed on it.
A housewife who wished to be known as Tan, 40, told theSun she was not informed about the new scheme despite being promised it will be done.
She was uncertain if the company could be sustained in the long-term after being raided over the weekend but was keeping her fingers crossed for a better outcome.
"I am still waiting for my capital to be returned," she said.
Another investor, who declined be named, said he has no idea whether the new scheme would be launched.
"I really do not know about it," he said.
A staff theSun spoke to also claimed he had no idea whether the dinner in Kuala Lumpur on Saturday was going to proceed as scheduled. "I don't know and have no idea about it," he said.
theSun learned the scheme has attracted about 430,000 investors since it was launched two years ago.
JJPTR came under the spotlight after it claimed losses of RM500 million after its trading account was hacked.
Raids have since been carried out by a task force consisting of officers from Bank Negara Malaysia (BNM), Bukit Aman's Commercial Crime Investigation Department (CCID), Securities Commission of Malaysia (SC) and National Revenue Recovery Enforcement Team at its offices over the weekend.
State Local Government exco Chow Kon Yeow, meanwhile, praised federal authorities over action against money game operators.
He said the state is also concerned about this issue and exco members have discussed the matter before.