Following this press conference organized by MHO:

www.facebook.com/share/v/11RP43KV82DmeFBS/?mibextid=oFDknk

www.utusan.com.my/nasional/2024/08/400-pengadu-dakwa-tertipu-rm100-juta-sertai-pelaburan-forex/

The head of UTS, Ernest Lee is rumoured to have fled Malaysia.

You think Malaysia is bad, wait till you go to Indonesia, their police stations are so luxurious, the head and deputy head of each police station have offices much bigger than most CEO office of private corporations

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.

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.

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!

Djohan Darmadi's face memang thicker than the Great Wall of China. Stole people's money, don't dare to return to Malaysia, and still send letters like these to investors. On the very first sentence he already bragged about "transparency"! LOOOL

Very true. Some brokers, even the US ones, so-called regulated by SEC, can freeze your account, take your money without any due-process.