Sunday, April 30, 2017

More Savvy Malaysian Investors

Image result for stupid investor in get rich schemeHe also got involved in an argument with the boyfriend of a female employee yesterday. The man arrived at the office at about 12.45pm and wanted to follow the employee into the premises when she reached there at 12.55pm, before the office opened at 1pm.
When the employee insisted that he had to wait until 1pm, the man scolded the woman resulting in an exchange of words between him and the woman’s boyfriend who sent her to work.
The boyfriend told the older man that he should not scold his girlfriend as she was just working in the company. “If you want to vent your anger, go to the boss,” he was heard saying.
When the employee saw journalists taking photographs of the commotion, she came after one of them. “Delete them!” she yelled, and immediately grabbed the phone from a journalist and deleted all the photographs taken.
The drama ended when the older man was later allowed to enter the office with several other investors. When met outside later, he told reporters that he just wanted to know what was happening to the company and hoped to get his money refunded.
Image result for stupid investor in get rich scheme“I have yet to get a single sen of my US$1,000 investment but the bubble has burst like this. “I was told by the staff members to wait for the latest announcement by the boss. I was quite confident with this scheme at first, and invited about 30 of my friends and relatives to join,” he added.
Over at Bukit Mertajam, investors of Change Your Life (CYL) – another forex scheme said to be in financial distress – gathered at its office in Icon City. A representative from the company announced that investors were given the choice to seek a refund or opt to convert the credit into life points.
He said the refunds would be done in two transactions, half in May and the remaining in June. For the life points, he said it will multiply and grow, and once it reaches a certain stage, investors could partially convert them into cash and withdraw the money.
Image result for stupid investor in get rich scheme
An investor, who only wished to be called Tan, said he chose to convert his investment into life points as he still has confidence in the company. “Since I started early this year, I’ve been receiving my payouts every week. I believe all will be well and stable soon once the speculations die out,” he said.
Tan, 48, said he was told that CYL has over 100,000 investors with over RM7mil invested.
Just days after the expose on JJPTR, three schemes – CYL, Richway Global Venture and BTC I-system, are said to be in financial trouble after members failed to receive their “profits” on time as promised.

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