
Change Your Life (CYL) is one such scheme, as an investor named Michelle Lam related in a posting on Facebook.
Lam wrote about her dissatisfaction with the company which had reportedly promised her lucrative returns on her RM2,170 investment in March. However she has yet to recover her money.
“I am not the only one suffering (such) damages and other investors were neglected by the company after demanding payment,” she wrote on Facebook.
Lam also said she was planning to file an official complaint with Bank Negara Malaysia, and subsequently lodge a police report against CYL.
According to The Star, the company is said to be one of three that went bankrupt in April. The others are Penang-based JJPTR, which has received the lion’s share of media attention, and Richway Global Venture.
JJPTR and its founder Johnson Lee came under public scrutiny on April 25, after news broke that a staggering RM500 million in investments might go up in smoke due to the alleged hacking of the company’s accounts.
Meanwhile, the JJPTR Facebook page is now announcing that Lee has come up with a new scheme offering 35% returns – significantly more than the 20% offered under the earlier scheme.
JJPTR said its investors still had faith in Lee and his new scheme, which he plans to launch on Friday.
Now, founder of collapsed JJPTR offers new scheme with 35% returns