Disabled persons to receive priority when JJPTR gives funds to investors

07 May 2017 / 18:35 H.

GEORGE TOWN: The troubled high-yield investment company, JJ Poor To Rich, (JJPTR) will give priority to persons with disabilities (OKU) when it comes to giving refunds to its investors.
JJPTR founder Johnson Lee said the capital of OKUs would be returned first.
He also said the company has completed the return of capital to investors of investment package JJPTR2 and JPPTR1 investors will see their principals returned to them anytime soon.
He said members should check their bank accounts to see if the money has been deposited.
"As the banks are closed on the weekend, the returns will continue on Monday," he said in a Facebook post on Saturday.
Lee added he would also hold a meeting with 18 representatives of overseas investors to explain what was going on.
Meanwhile in a Nanyang Siang Pau report last Thursday, Lee was quoted as saying the company has lost a total of US$4million (RM1.7billion) after the trading account was hacked last month.
He had said he would recoup the losses and return the capital to investors adding he needed four to five years to do so.
Lee also defended the high returns JJPTR promoted, up to 35% a month, claiming this was achievable via trading foreign currency and Bitcoin investments.
He said he only earned a profit of one percent to obtain high returns to his investors.


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