Making the announcement in a video uploaded on Facebook last night, JJ Poor to Rich (JJPTR) founder Johnson Lee said this was made possible through the injection of capital from a new pool of foreign investors.

He said refunds will also be given to those who had just sent in their initial investment capital as well.

“I will refund all capital that members invested regardless of whether members had already obtained their profit or not.

“As for members who already obtained their capital, I think they deserve to enjoy the previous returns on their investment,” he said in Mandarin in a video posted at 11.50pm yesterday.

Lee also revealed that he will be making an appearance at a dinner at the Berjaya Times Square in Kuala Lumpur on May 20.

He also appealed to the media not to involve his family members or friends over the recent issue.

“Like I have said, I am taking full responsibility on this matter. Just write to me but please do not involve my friends and family,” Lee said.

Yesterday, it was reported that his father had resigned from the Southern University College in Skudai, Johor following the controversy.

Lee closed his four-minute video statement by telling investors that he would give further updates on Facebook if there were any new developments concerning JJPTR.

JJPTR was in the news over the past week after it claimed its funds were siphoned off by “hackers”, resulting in losses of over US$50 million (RM217 million). However, unverified claims also put the losses at over US$400 million (RM1,736 million).

JJPTR’s money game investment scheme was established in 2015, promising returns as high as 20% a month to members.