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Think Global Act Local! Reap as you Sow! CALL them pyramid, Ponzi or get-rich-quick schemes and people might shy away.
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But call them money games, and suddenly they are just games, is that right? Penang lang people are very much into money games. He was astounded by their obsession. It does seem as if money games are on the minds of many Penangites now. I hear about them at the coffee shops and watering holes. And yes, many of my buddies are into them too. JJPTR is a now household acronym after almost two years in the market.
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It stands for JJ Poor-to-Rich and the very name resonated well with middle-class families. The money game list is quite long, and Penang has the dubious honour of being the home base for many. Another friend, Robert, had a jolt when a doctor he knew told patients to put their money into such a scheme. A doctor!
Beware of Money Games
From the cleaners at his office to the hawkers and professionals he met, everyone, it seems, was convinced. None questioned how the high returns could come to fruition in such a short time. But Robert is a harsh critic of these games and would not go anywhere near them. And now, Robert has been proven right. Fortunately, his father was one of the lucky ones because he managed to recoup his principal sum, on top of the thousands more he had received over the past few months.
Billy, a man well-versed in such operations, said operators would always use forex trading or investment in foreign projects as cover stories to woo new members. They paint vivid pictures of those joining becoming part of big-time developments in Third World countries like Cambodia and Vietnam.
More forex schemes are falling apart
Once you get closer to them, they will tell you outright it is a money game and that you are among the pioneers, sure to make a profit before the scheme bursts. Things tend to be smooth sailing for the first few months. You see money coming back in and pride yourself in taking the risk. At the same time, he has to deal with huge monthly payouts.
Some in Penang may remember the chance to invest in a cafe chain known as Island Red Cafe around 10 years ago. Then there was that company that sold gold bars and coins. There was also a Swiss cash scheme which took the country by storm. As long as there is greed, such schemes will always re-emerge. As they say, a fool and his money are soon parted. Honestly, the quickest way to double your money is to fold it in half and put it back in your pocket. Please bless money games. Please help them stay afloat for a few more months.
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Both their names are similar in pinyin — Li Zong Sheng. According to speculation online and media reports, JJPTR investors, said to number in the tens of thousands locally and internationally, including Canada, the United States and China, stand to lose RMmil. Also on the same day, the company is supposed to hold a dinner gathering at Berjaya Times Square in Kuala Lumpur.
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Trillion cubic feet equivalent Tcfe may be misleading, particularly if used in isolation. A Tcfe conversion ratio of one barrel of oil to six thousand cubic feet of gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.