Would it be possible they are the one who hack themselves and transfer the money out and cheat "investors"? Possible? I have no idea. The next to blow might be "Barrel 2 U"? Possible? Actually I heard a lot but not really understand. I have no extra money to "invest". I'm old man, cannot withstand this high risk high return "investment". If one day I got lottery, I will probably "invest" 10% of the lottery won.
The beloved Johnson Lee once claim that he dont use any brokerage house because it is too expensive on the charges. In contrarily, they themselves are their own broker.
Frankly i joined earlier and lucky that able to cover my 1000 USD just 1 month before this happen. As I remember when login to JJPTR website, the 500 million are count in USD.
My thought is Johnson Lee withdraw all 500 million out and claimed their account been hacked. While the members are in panic mode, he simply use 80% or 400 million to refund or pay back the gap to members. See most member already got back their money just like me, so refund is not applicable to most members, he don't even need spend that much like 400 million.
This act can build a good image of him and show his JJPTR have responsibility, his money game are good one. With that, either he can use the rest 100 million for his own investment or come out with a total new scheme just like JJPTR.
500 Million lost in trading. you mean anybody can hack and trade the Co's account money. He thinks everybody out there is a fool. Just charge him and put him in jail
Posted by Aldric Chang > Apr 26, 2017 11:30 AM | Report Abuse
Hi, I am the original author of this article- http://www.alphaplay.com.sg/the-fall-of-jjptr = I hope you credit me fairly. Thank you. - Aldric Chang ------------------------------------------------------ Aldric Chang - thks for hiliting and also the education.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bruce88
1,130 posts
Posted by Bruce88 > 2017-04-25 19:44 | Report Abuse
everyone including those "investors" knew that was a Ponzi scheme,just praying it won't collapse the near future...LOL