JJPTR Scam or No Scam?

[chuanz]

obviously this is a ponzi scheme and its unethical to be dragging people into it knowing that they will lose everything.

But just thinking aloud, what if you joined early like the first 1000 or whatever, and then withdraw your capital once you get them back, then use the extra to just keep it rolling until the company collapses. Well its gambling, but if its extra money and you're early, don't see any losses leh.

This kind of 黑心钱 if you can come to terms and live with it, nothing/nobody is stopping you from being involved.

 

[jasonchngarrow19870313]

High risk no return

 

[james9195]

Just realised that all the posts by this lein1234 were deleted from this thread. Not sure whether by moderator or by lein1234 itself. Leave it to your imagination.

Edit : lein1234 got banned.

 

[archcherub]

Just realised that all the posts by this lein1234 were deleted from this thread. Not sure whether by moderator or by lein1234 itself. Leave it to your imagination.

Edit : lein1234 got banned.

lets not lend exposure to him. i have learnt from experience that there can be 1000 scolding 1 scams, and then there would be 1 guy coming in and asking "what is it abt, can i join"

lets do our best to reduce this 1 guy....

 

[vince123123]

If they give you a chance to invest more than S$1k, would you?

Unsolicited Content (Commercial solicitation / Ads / Referrals / Spam)

 

[Perisher]

https://www.allsingaporestuff.com/article/beware-malaysian-ponzi-scheme-jjptr

In light of the rising number of Singaporeans falling prey to scams, I would like to warn everyone of this ponzi scheme from Penang called JJPTR started by this guy called Johnson Lee (https://www.jjptr.com/). Seems like they have a growing presence in Singapore and I do not want anyone to be scammed by these scumbags

They claim to be a forex investment scheme that promises 20% returns every
month and an extra 5% for every additional member they bring in. Also, it
supposedly has operations in Singapore Malaysia Australia Brunei etc with
over 120,000 members and USD$95mil under management. Obviously, this is too
good to be true and you don't have to look far to tell that this is an
obvious scam. Just a few of the obvious red flags are:

1. They are not licensed MAS to conduct any kind of investment management
activities.

2. If you look at their website or any of their multiple Facebook pages you
will see what a joke this "investment" is. They conduct business via wechat
and hold their meetings in MacDonald's.

3. It is not possible to make 20% returns monthly consistently, not even the
best fund managers in the world make anywhere close to half of that, let
alone some joker from Penang who can barely speak English.

The truth is they do not do any kind of investment, they simply take the
deposits of the new investors to pay the 20% monthly. That is why they are
offering bonus for recruiting new members to the scheme. Although they might
be paying out monthly now, that just means that there are enough fools
bringing in new money. The moment things go south they are going to disappear
with all the money. Remember they are neither licensed in Singapore nor
Malaysia so if you have money with them it will probably be gone.

Please help share this and spread the message to friends and family so that
no one falls victim to this despicable scam. If anyone approaches you to join
this scheme please report to the authorities. These Malaysian scumbags are
not satisfied with scamming their own people and want to come take
Singaporeans money, hope they get what they deserve.

Regards,
M. Faizal

 

[akwl88]

tabbie
Junior Member

Join Date: Apr 2016
Posts: 1

 

[VictorB]

No scam. I've been taking profit for 1 year and 1 month liao.

 

[akwl88]

No scam. I've been taking profit for 1 year and 1 month liao.

VictorB
Junior Member

Join Date: Mar 2017
Posts: 1

all the scammers 1st post come here say no scam

 

[Perisher]

No scam. I've been taking profit for 1 year and 1 month liao.

Mind breaking down the math for us to see if you really earn 20% per month?

 

[dkgamer]

Go to a bank and take a personal loan for 6% la. 20% why bank don't want to loan? 14% "risk-free" right

 

[Perisher]

I don't think they even understand math. The logic doesn't add up.
If 20% can be guaranteed, even just 5% monthly can be guaranteed, it's already 60% a year.

If 20% monthly is possible for the masses, everyone in that program would be a millionaire within 3 years using $2k.
Within 4 month, the money would double. You can take back your capital, let the rest roll risk-free by itself and quit your job even. All you need to be a millionaire is let it roll for 3 years. This is part of typical marketing talk. Many lost hundreds to thousands of $$ due to this.

Let me tell you this, if the JJPTR can prove they can guaranteed 20%/mth even for 3 years, they would sue those who say it's a scam by now.
This thread would even have been a police case.

Another way to look at it,
They would all be billionaire by now if 1000 people throw in $1k each. That is a million dollar which they would have roll into billions. Heck, have you even heard their billionaires names anywhere else? A bunch of billionaires in Singapore who made their billions by trading?

They should have been doing this for years and have track record to show this and thus all are billionaires going by the 20% monthly rate. Why would they even bother taking in your cash? Billions not enough for them to roll themselves?

I'm just questioning the logic of all these.

 

[Perisher]

Oh and for those who can read mandarin, try watching and reading this
http://video.genfb.com/1387789014569321

 

[mikeheng84]

Mind breaking down the math for us to see if you really earn 20% per month?

advertising link removed.

 

[VictorB]

All downline has over 6 month period. They never top up already. Since then every month profit return.

 

[Perisher]

advertising link removed

Doesn't make sense. All I see is $129 per month, in other words, you only put in $645? Isn't the minimum something like $1-2k?
Where did the so called 20%/mth go?

 

[Perisher]

All downline has over 6 month period. They never top up already. Since then every month profit return.

You keep saying that but can't do the math?

Try answering the questions below?

I don't think they even understand math. The logic doesn't add up.
If 20% can be guaranteed, even just 5% monthly can be guaranteed, it's already 60% a year.

If 20% monthly is possible for the masses, everyone in that program would be a millionaire within 3 years using $2k.
Within 4 month, the money would double. You can take back your capital, let the rest roll risk-free by itself and quit your job even. All you need to be a millionaire is let it roll for 3 years. This is part of typical marketing talk. Many lost hundreds to thousands of $$ due to this.

Let me tell you this, if the JJPTR can prove they can guaranteed 20%/mth even for 3 years, they would sue those who say it's a scam by now.
This thread would even have been a police case.

Another way to look at it,
They would all be billionaire by now if 1000 people throw in $1k each. That is a million dollar which they would have roll into billions. Heck, have you even heard their billionaires names anywhere else? A bunch of billionaires in Singapore who made their billions by trading?

They should have been doing this for years and have track record to show this and thus all are billionaires going by the 20% monthly rate. Why would they even bother taking in your cash? Billions not enough for them to roll themselves?

I'm just questioning the logic of all these.

 

[Perisher]

Oh, another question, how long have they been doing this business?
Is it more than 5 years?
Most scams break down within 3-5 years.

edit: found some history while digging. This thing only started in
'2015 May, JJPTR was “born”' as was posted in some other place.

If I still see this JJPTR in 2020, then we talk.

 

[maisatomai]

I in finance industry

If anyone can guarantee you more than 0.5% per month from investing better run as far as you can

 

[Perisher]

I in finance industry

If anyone can guarantee you more than 0.5% per month from investing better run as far as you can

Many people chasing rainbows until they realise there is no pot of gold at the end of it then cry.
I don't doubt 20% a month is possible, what I doubt is 20% a month guaranteed and for years. As my calculation above showed, that would make all who joined a millionaire, and how many has joined already?
The owners did be billionaires. The banks would be knocking on their doors to lend them millions. All these doesn't make sense but those who are in it won't think that way.

The owner can't even produce a video in 360p on YouTube. Gosh, in 2016.