Earlier this week, we reported that Penang-based Forex trading company JJPTR had reportedly stopped paying investors their promised 20% monthly returns, with no explanation. Now founder Johnson Lee, has reported that over $50 million USD was lost over “a hack.”
We all know how easy “hacks” happen.
The Sun reports a source close to the founder has said “Lee has sought help from his friends to probe the trading accounts that had been hacked but no clue has thus been found.” Unless your bffs are Edward Snowden and Kim Dotcom, I have no idea how your “friends” are going to help you find the RM250 million that you lost, Mr Lee.
Through the JJPTR Facebook page, the founder released a statement in Mandarin, reiterating that they were hacked, and dealing with the matter internally. He promised his investors that he would repay their principal. He also expressed his wishes that the issue would not be hijacked for political gain.
He may be referring to calls from opposition MP Lim Lip Eng of Segambut of a 48-hour ultimatum to Lee and his cohorts, to explain the missing funds, and alleged hack. Lim pointed out that in cases of stolen funds, whether cyber or physical, a police report is logged. The DAP lawmaker expressed his dismay after Lee failed to turn up to a meeting at JJPTR offices in Kuala Lumpur yesterday. Instead, it has been reported that Lee was in Penang, holding a meeting with his 40 “Introduce Brokers,” to figure out the next course of action.
The company’s Facebook page shows that, while some are dismayed, others continue to show support, no doubt hoping that they do indeed get their money back. And in case you were wondering, JJPTR still holds a 4.7-star rating on Facebook. Not sure what Mr Zuckerberg’s policy is on touting ponzi schemes.
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