Still many Malaysians fall into Indonesia FX SCAM.

How on earth Malaysian can trust Indonesia scammers? Greed. Soon Malaysian will fall into Bangladesh FX SCAM as well.

Best if no one report you on the scam, then you are safe from any punishment.

MALAYSIA BOLEH!

This post has been edited by DrFX: Oct 2 2024, 02:28 AM

blame greed is a bit too 'simplified'

humans are born with greed, it is in our nature.

why people got scammed? There are many factors in play. Scams are everywhere in every business in all walks of life.

and everything is relative. you think Indonesia scammers are bad? wait a second, malaysian scammers are everywhere. you think malaysia is bad, wait till you go to China.

one day, when some of these forex brokers - now you call them legit becasue they have ASIC, FCA, suddenly don't honor withdrawal, then what will you say? blame yourself for being greedy?

And remember MYAIRLINE scam??

why people invested in MY AIRLINE?

and I need to warn people about this company, who are actively marketing their investment products in South East Asia. Its name is:

"Balfour Capital"

I heard they have started not honoring withdrawals for some investors.

I know this Balfour, they are American!

Fortunately, we never experienced tier 1 brokers like ASIC and FCA not honor withdrawal. May be you can share your experience if you truly experienced. Offshore account? If there are, please share. Your assumption is also equal to any banks not honor withdrawal. We heard about cases like brokers cancelling profits due to violate trading rules, but definitley not tier 1 brokers didnt honor withdrawal.

Equity fund? How's the return like?

Same here. No such experience tier 1 broker not honor withdrawal.

However, plenty of experiences tier 1 brokers closed our profitable accounts and asked us withdraw all our funds including profits. I believe these are B book brokers.

The only broker that so far not honoring profits is Blackbull which is a tier 3 broker. Still they honor principal withdrawal.

This post has been edited by Equity: Oct 2 2024, 10:33 PM

Multibank (Mexgroup) has ASIC, fortunately you were not with them

Definitely there are bad eggs in every industry. Cant assume all are bad.

Like IronFX case long ago and Multibank as you mentioned.

Scammer Djohan Darmadi still walks free. MHO is contacting victims from Singapore and Indonesia to provide more evidence to assist police investigation.

https://www.facebook.com/share/p/3DtxDzQqx5...mibextid=K35XfP

Rumors on the street is that Djohan Darmadi hired a new lawyer, whose surname is LEE, to negotiate settlement with a few groups of investors.

The terms he is asking for are:
- Ignored whatever balance is showing in your trading account statements
- Simply take client deposits minus all commission rebates already paid to marketing agents, then apply a DISCOUNT on the remaining balance!!

He's indirectly admitting that the whole scheme has been a money game (fake trading, fake broker, fake LP) from day one.

MHO went to BAPPEBTI! Not sure if they manage to make any progress, because we know this BAPPEBTI is Djohan Darmadi (DD) punya anjing. The ex-head of BAPPEBTI went to jail, that tells you something about this regulator

Someone alerted me to something strange. DD's poster boy Matthew Lee Ming Loong (lawyer), who has been helping DD to build his scam empire in Malaysia, his law firm website disappeared!

www.lgtwlaw.com
(suspended!)


This is what Matthew Lee writes about himself, taken from his website before it disappeared.

**************************************************************************
Matthew Lee Ming Loong
Partner
Department: Conveyancing and Corporate

Matthew Lee Ming Loong is one of the partner of LGTW with a degree in LLB along with an MBA specialising in Financial Strategy and Company Strategy Management. Matthew has many years of experience in the acquisition and disposal of property portfolios, sale and pre-letting of development sites as well advice in relation to the real estate aspects of banking and corporate transactions.

He spends most of his time working with clients’ professional advisors such as accountants, private bankers, property search agents and offshore advisers, to ensure that clients’ property portfolio in the Malaysia is protected and as tax efficient as it can be. In his line of work, Matthew has managed to secure sales and purchase up to RM11 million and became a finance and investment consultant for clients in Singapore, Penang, Hong Kong, Jakarta and Sarawak. Due to his extensive legal knowledge and skills, he also represents the panel lawyer for a professional broker company in Jakarta.

***************************************************************************

The last sentence making me laugh, he must be so proud to have represented a fake broker with no license.

You can also whistleblow about these companies. Don't be afraid to do it. This law firm describes the steps.

This post has been edited by redza2k4: Oct 28 2024, 03:54 PM

through official channel (which one is good)? or conduct social media warfare?

TriumphFX boss smarter. Vanish in the air.

tnp.straitstimes.com/news/singapore/2-malaysians-jailed-137m-singapore-forex-scam

Finally justice served..

The question now is how come the Sentratama Trio (Djohan Darmadi, Janis Urste, and Ernest Lee) all still walk free and enjoying the millions they have stolen?

The only sensible answer is: Malaysia police MEMANG BOLEH!

https://www.google.com/url?sa=t&source=web&...6TISeDfgKmY5C6O



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Very true. This is why DrFX setup this thread to warn the public. Many dont listen. Some cockroaches even attacked us and our family.

This post has been edited by Equity: Jan 5 2025, 10:08 PM