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 OTM Capital scam or not?, Opinion?

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Almighty41003 P
post Jul 24 2019, 04:26 PM

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QUOTE(XxcxxcxX @ Jul 16 2019, 07:24 PM)
Ya. Dr Thong, and a girl name YY.
Currenrly he is running a business at bandar kinrara, Molecure something.
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What business is that ?? Another scam thingy ? Horrible .
Almighty41003 P
post Jul 24 2019, 05:15 PM

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QUOTE(kurkacoltu @ Jul 24 2019, 04:58 PM)
Wise man is good in attracting girls  :D  :D 

Normally girls is the one scam guys one. I kena scam so many times already  :cry:
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Guessed he control and trained those girls so well . Doing free marketing job for him and became his puppet doll . Why a doctor would do this way ?
XxcxxcxX P
post Jul 24 2019, 08:19 PM

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QUOTE(Almighty41003 @ Jul 24 2019, 05:15 PM)
Guessed he control and trained those girls so well . Doing free marketing job for him and became his puppet doll . Why a doctor would do this way ?
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scammer will always be like a scammer.
doesnt matter what title he is having. haha
ckdenion
post Jul 24 2019, 09:09 PM

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QUOTE(kurkacoltu @ Jul 24 2019, 04:36 PM)
hey bro! You look like you're in the insurance line hehe.. I think we met sometime last year. Lately any good recommended investment plans?
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insurance is part of the planning i do for clients. investment plans are too wide. most important is knowing what financial goal you want to achieve given with the time horizon you have. you can do some own investment like buying funds through FSM/eUnittrust, buying REITs, buying bonds, stocks & shares, and etc (so long you are not looking into insurance as investment, you are pretty good to go).

sorry if I dont remember who you are. perhaps you will like to pm me and tell me who you are. biggrin.gif
pepsi-cola P
post Jul 24 2019, 11:10 PM

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QUOTE(zeref1967 @ Jul 24 2019, 12:32 AM)
The speaker Chinese man jay ?? Very expensive ? Jay chao ? This company good can hire jay chao come give speech I also wanna go  rclxms.gif
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ahaha... this Ee Jay looks chinese but speaks malay, does look expensive with his LV belt rclxms.gif

Can't find any information about this company although mention they in market for 10+ years.

Does sound like scammy to me now.
Xithyl
post Jul 24 2019, 11:43 PM

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QUOTE(pepsi-cola @ Jul 23 2019, 03:30 PM)
Thanks for the advices guys. I believe this OBG group have some relation with the Dr Thong mention. I heard some of the member mentioning him.

They say this forum isn't correct and claim have licenses from indon and offering trips to Bali gala dinner and broker visit if I invest with them.

Anyone here have information about the CEO of the company?
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now ask them which post from this forum is not correct. show them the forum and help them to list out for us.

CEO of the company also cannot be searched via google. so will you still believe them?
kimjiwon
post Jul 25 2019, 09:51 AM

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QUOTE(zeref1967 @ Jul 25 2019, 01:00 AM)
rclxms.gif Viagra my favorite brand also I dunno who the ceo is wat lol

But I still use every day haha  laugh.gif

don't worry bro everything in life is HARD one  thumbup.gif
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Pfizer is the brand for Viagra. and Viagra is not a brand
seems like you never see the blue pill
pepsi-cola P
post Jul 26 2019, 01:28 AM

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Guess what guys, I have met with my close friend who invested in a ponzi scheme called 'maxim trader' years ago.

It seems that my friend suggested, OTM is just another re-brand of the so called maxim trader.

Through a further search on the internet, many news about this maxim trader scam.

there is a thread here, https://forum.lowyat.net/topic/2863643/all

https://www.slideshare.net/constantineyew/f...end-monthly-3-8

https://www.slideshare.net/brucecai/maxim-trader-ppt-english

I hope this helps on the of the people who invest or want to invest like me. Better stay safe than sorry, phew....
Almighty41003 P
post Jul 26 2019, 03:18 AM

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QUOTE(XxcxxcxX @ Jul 24 2019, 08:19 PM)
scammer will always be like a scammer.
doesnt matter what title he is having. haha
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Agree. Shame on him .
kimjiwon
post Jul 26 2019, 10:40 AM

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QUOTE(Almighty41003 @ Jul 26 2019, 03:18 AM)
Agree. Shame on him .
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Why shame? do police report and have them chase after the scammer
ahwai
post Jul 26 2019, 04:26 PM

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if you got bad experience with scammer, just lodge a polis report
johnnyzai89
post Jul 30 2019, 11:55 PM

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reading all the comments here... i dont know to laugh or to be sad

the level of financial literacy of general malaysian is baffling to me

i hope you all only lost a small amount
Almighty41003 P
post Jul 31 2019, 11:24 PM

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QUOTE(Xithyl @ Jul 30 2019, 09:45 PM)

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So OBG group are same group with the doctor mentioned earlier in the comment .
nomozeyafe P
post Aug 1 2019, 07:52 PM

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Latest one is a new investment call Ck LTD la... Is there a thread on Lowyat for this? Or anyone care to comment?
johnnyzai89
post Aug 1 2019, 09:01 PM

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QUOTE(nomozeyafe @ Aug 1 2019, 08:52 PM)
Latest one is a new investment call Ck LTD la... Is there a thread on Lowyat for this? Or anyone care to comment?
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lol got pretty sales girl ma?
mini_me
post Aug 3 2019, 02:27 AM

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Exposing the Sure Lose Investment / Scam OTM Capital / Trust- Sharing my Story

1)What is this?
I’ve made a foolish ‘investment’ - OTM Capital. OTM Trust & I’m exposing this so that others will not do the same.
https://www.otmtrust.com/
https://partner.otmcapital.com/
https://www.facebook.com/OtmCapital.Malaysia2u/
https://www.nexontglobal.com

2)How much did I lose?
Input: RM 23K in Nov 2017
Output: RM 8K as of July 2018. No more successful withdrawal after that
Loss: RM 15K + A Friend

3)What did I gain?
A slap in my pride! A hole in a pocket!

4)Why did I invest in the first place?
Greed, Foolishness
Trusting wrong person: Dr T***** is my uni mate, who introduced me to this investment. Like all of u, I do believe that he is the mastermind / ringleader behind this.

5)What did this investment promise?
Invest RM23K = USD 5k (accd to their exchange rate).
5% return per month (ROI)
18 months lockdown period. Full return of capital by 18 months
5% withdrawal fees each time

6)How everything went wrong?
Nov 2017: Sign up with RM 23K ie USD 5K
Dec 2017- July2018: ROI as promised. No problem with withdrawal of ROI
Nov 2018: ROI given is the system. But unable to withdraw USD 1K = RM4K
Nov 2018 - Apr 2019: I asked Dr T**** several times rgd the fail withdrawal, but I wasn’t too pushy, so things were delayed
May 2019: Told to convert my ROI + Capital (~USD 6.5k) from OTM Capital to OTM Trust. Previous investment agreement/ promise became void. No alternative offered. It is compulsory to use the fund to trust units, then to trade it off, before being able to cashout.
Bought USD 6.5k worth of units at the price of USD 0.1228/ unit.
Tried reselling the unit back at same price of USD 0.1228/unit - fail
June 2019: The selling rate by the company has appreciated 0.1243/unit. Suggest by Dr T**** to resell the units at lower price USD 0.088/unit (30% loss) - Done, but fail
August 2019: Unable to sell the units even at 30% loss, was suggested by Dr T**** to resell the units at USD 0.04/unit (70% loss)- I told him bullshit!

I am ready to expose as I have nothing more to lose - so I am planning for more things.

Disclaimer: Though Dr T**** has suggested for me to get family & friend to join, I have never once done so.

The Investment & Honeymood Period
Attached Image Attached Image

The Troubled Water
Attached Image

OTM Trust that has no value and cannot be liquefied even by cashing by 30% below the recommended price
Attached Image Attached Image

The Nexont/ OTM team
Attached Image Attached Image

This post has been edited by mini_me: Aug 4 2019, 07:31 PM


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Juan86
post Aug 3 2019, 02:48 AM

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i nearly got tricked into joining OTM around August 2018, lucky my other investment went moon so i ignore and delay them.

i got free drinks and clubbing session by them tho
johnnyzai89
post Aug 3 2019, 02:26 PM

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QUOTE(Juan86 @ Aug 3 2019, 03:48 AM)
i nearly got tricked into joining OTM around August 2018, lucky my other investment went moon so i ignore and delay them.

i got free drinks and clubbing session by them tho
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damn i want that!
aspartame
post Aug 3 2019, 03:28 PM

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Whenever you see glamour titles like Dr or Prof etc... with Bentleys or Ferrari’s... just run! Scam to the max.. I dunno why people still fall for all these tricks...
dazesa P
post Aug 3 2019, 03:42 PM

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QUOTE(mini_me @ Aug 3 2019, 02:27 AM)
Exposing the Sure Lose Investment / Scam OTM Capital / Trust- Sharing my Story

1)What is this?
I’ve made a foolish ‘investment’ - OTM Capital. OTM Trust & I’m exposing this so that others will not do the same.
https://www.otmtrust.com/
https://partner.otmcapital.com/
https://www.facebook.com/OtmCapital.Malaysia2u/

2)How much did I lose?
Input: RM 23K in Nov 2017
Output: RM 8K as of July 2018. No more successful withdrawal after that 
Loss: RM 15K + A Friend

3)What did I gain?
A slap in my pride! A hole in a pocket!

4)Why did I invest in the first place?
Greed, Foolishness
Trusting wrong person: Dr T***** is my uni mate, who introduced me to this investment.  Like all of u, I do believe that he is the mastermind / ringleader behind this.

5)What did this investment promise?
Invest RM23K = USD 5k (accd to their exchange rate).
5% return per month (ROI)
18 months lockdown period. Full return of capital by 18 months
5% withdrawal fees each time

6)How everything went wrong?
Nov 2017: Sign up with RM 23K ie USD 5K
Dec 2017- July2018: ROI as promised. No problem with withdrawal of ROI
Nov 2018: ROI given is the system. But unable to withdraw USD 1K = RM4K
Nov 2018 - Apr 2019: I asked Dr T**** several times rgd the fail withdrawal, but I wasn’t too pushy, so things were delayed
May 2019: Told to convert my ROI + Capital (~USD 6.5k) from OTM Capital to OTM Trust. Previous investment agreement/ promise became void. No alternative offered. It is compulsory to use the fund to trust units, then to trade it off, before being able to cashout.
Bought USD 6.5k worth of units at the price of USD 0.1228/ unit.
Tried reselling the unit back at same price of USD 0.1228/unit - fail
June 2019: The selling rate by the company has appreciated 0.1243/unit. Suggest by Dr T**** to resell the units at lower price USD 0.088/unit (30% loss) - Done, but fail
August 2019: Unable to sell the units even at 30% loss, was suggested by Dr T**** to resell the units at USD 0.04/unit (70% loss)- I told him bullshit!

I am ready to expose as I have nothing more to lose - so I am planning for more things.

Disclaimer: Though Dr T**** has suggested for me to get family & friend to join, I have never once done so.

The Investment & Honeymood Period
Attached Image Attached Image

The Troubled Water
Attached Image

OTM Trust that has no value and cannot be liquefied even by cashing by 30% below the recommended price
Attached Image Attached Image

The team of Investment Con Artist
Attached Image [attachmentid=10295270] Attached Image
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Hello.. just want to add my experience with OTM. They have been around for more than 5 years that I know of.. which is unreasonably long if it is a pure scam...

I was an early investor also put in around USD10,000 (yes I know haha)

In the beginning since the company is doing well, the units was sold quite fast (see attached), but lately company doing transition and different models so even though unit price increase but the number of people buying and selling units not as much as before. So the units can still be sold but the price might not be good.

My agent recommended I sell at lower since I want to use money urgently, so I sold at a low price and it was successful!

So I think in terms of any investment, even unit trust or traditional investments, have to take risk into account. There is no fast money = low risk + high return. Maybe high return, then wait longer lor...

I think if you wait a bit longer then the units would be sold successfully tongue.gif

Anyway, just my experience la.. DON'T SHOOT ME laugh.gif laugh.gif


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