OTM Capital scam or not?

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OTM Capital scam or not?, Opinion?

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Xithyl	Jun 8 2018, 12:01 AM Return to original view \| IPv6 \| Post #1
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(VaderPeep @ Mar 9 2018, 05:40 PM) Anyway just realized OTM Capital was listed as scam alert in this post: https://forum.lowyat.net/topic/3774126 the link you provided is a press release website which anyone can submit an article for USD9.90. That's just bad PR not only that... see what i found. looks like someone actually do report to Securities Commission of Malaysia https://www.sc.com.my/list-of-unauthorised-...-individuals/#o
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Xithyl	Jul 7 2018, 06:25 PM Return to original view \| Post #2
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(TOMEI-R @ Jul 7 2018, 02:57 PM) Wow.. out of a sudden, so many new dupes are created to 'defend' the mentioned company. not many la... 2 only anyway, just let their friends invest first lo. if its so good, ok wad if we invest later after that, right?
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Xithyl	Oct 5 2018, 12:09 PM Return to original view \| Post #3
New Member Newbie 40 posts Joined: Aug 2010	Before you plunge into their investment, check this out first Avoiding REITs Scam
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Xithyl	Oct 25 2018, 12:30 PM Return to original view \| Post #4
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(pang1399 @ Oct 21 2018, 01:11 PM) » Click to show Spoiler - click again to hide... « my package applied with OTM was due on this month. The fund in my account can be fully withdraw before 15th Oct 2018. I made withdrawal on 3rd Oct 2018. Untill now, i check my account balance everyday but din see the money come in. I try contact their support and still no reply from them. Anyone here can tell me what to do next. It not just my fund stuck. My friends and i , few if us are still waiting the money. Thank wtf! find your friend who introduced you this fishy investment. QUOTE(fairylord @ Oct 21 2018, 02:39 PM) » Click to show Spoiler - click again to hide... « You might have just testified that it is an actual scam. Go make report to Bank Negara and Police for action, may be just for more information help other from being scammed. reported. OTM is on SC watchlist only. BNM reply to me is only to avoid them. QUOTE(pang1399 @ Oct 21 2018, 02:50 PM) » Click to show Spoiler - click again to hide... « i will wait till next monday or tuesday.. If still no reply from OTM site, then will consider to make report. Pls spread this out to warn the other. Thank do their site even work? anyway manage to contact your friend who bring you into this scheme? QUOTE(fairylord @ Oct 21 2018, 02:55 PM) » Click to show Spoiler - click again to hide... « Suggest to initiate the report asap to be first batch of reported victims and get the refund first if they are investigated and proved to be scam. At least once the BNM triggered, their bank account will be frozen first, don't give time for their flee. cz their bank used is in Indonesia, most investors know this.
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Xithyl	Oct 25 2018, 06:09 PM Return to original view \| IPv6 \| Post #5
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(fairylord @ Oct 25 2018, 12:38 PM) So our of territory of BNM. Yeap thats y. Anyway it is already on SC watchlist. Not yet on BNM warning list yet.
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Xithyl	Oct 29 2018, 05:48 PM Return to original view \| IPv6 \| Post #6
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(pang1399 @ Oct 21 2018, 02:50 PM) i will wait till next monday or tuesday.. If still no reply from OTM site, then will consider to make report. Pls spread this out to warn the other. Thank so have you receive your funds?
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Xithyl	Nov 8 2018, 11:44 PM Return to original view \| IPv6 \| Post #7
New Member Newbie 40 posts Joined: Aug 2010	dug out some suspicious stuff. regarding their new investment platform OTM Trust, see what I found out here: WHOIS search results of otmtrust.com » Click to show Spoiler - click again to hide... « Registrant Name: Jerome Tan Registrant Organization: Registrant Street: B-7-10 Registrant City: A Registrant State/Province: Registrant Postal Code: 18293 Registrant Country: TW Registrant Phone: +47.12321321123 Registrant Phone Ext: Registrant Fax: Registrant Fax Ext: Registrant Email: digitalzoopedia@gmail.com checked the email of that registrant >>> https://www.dzoo.com.my/contact-us/ So, a website designer from Malaysia actually design the website... fishy?
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Xithyl	Nov 27 2018, 10:11 AM Return to original view \| Post #8
New Member Newbie 40 posts Joined: Aug 2010	Those who can read chinese, there are more investors complaining at Cari forum >>> https://cn.cari.com.my/forum.php?mod=viewthread&tid=4114261 Below here is an incident that happened on one of the investors. I translated it to english as well. » Click to show Spoiler - click again to hide... « » Click to show Spoiler - click again to hide... « 赞同 18 楼的, 奉劝别投资好了. 原本我的钱到期了, expect 会在 10 月就可以拿回 principal + interest (usd 1,000 + usd 540) = USD 1540 (RM 5,+++) 扣除一些手续费..... 那里知道那为agent 告诉说公司换policy .... 目前拿不到钱, 要 transfer to "OTM TRUST ACCOUNT", 那些钱需要convert 成 unit, 然后在 sell unit, 但是每个月之能卖出10% from original total unit, one month maximun sell 2 times, each time need to deduct 5% trade fees. 目前1unit = USD 0.1209, 你按 sell button, 需要量3-4 天才有人买 ......还惨过买股票 ..... sell unit 的钱要转去 "withdrawal wallet" , 每个月 01-07 可以提出拿钱的申请 ..... 有余钱的话, 还是奉劝别投资这个了...... 目前Principal (usd 1,000 RM 4,500) 都不懂拿不拿得回.... email customer service, 不回 ...... whatsapp agent ..... pattern 360 转 ...... Translate: Supposed my account is matured and expect to withdraw my principal + interest (1000USD + 540USD) But agent told me company change policy... cannot withdraw at the moment because the principal will be transfer to "OTM TRUST ACCOUNT", you need to purchase company units using the credit and have to sell the unit purchased. Per month you can only sell 10% of your original total unit, per month you can only do maximum of 2 sell transactions, each transaction have a 5% trade fees. Today 1 unit = USD 0.1209, when you do a sell order, it will take 3 to 4 days for someone to purchase the units .... worse than share/stock trading The money earned from units sold will then be transferred to "withdrawal wallet", every 1st to 7th day of the month then can only request withdrawal I will like to advise others not to invest here.... now im not sure whether I can take back my principal or not.... emailed customer service, no reply.... whatsapp the agent..... pattern 360' pusing..... This post has been edited by Xithyl**: Nov 27 2018, 10:13 AM
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Xithyl	Feb 17 2019, 09:07 PM Return to original view \| IPv6 \| Post #9
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(Eric Lee 5576 @ Feb 14 2019, 04:04 AM) Hi , have you get back you OTM investment money ? I also join OTM , now I wanted to sell all my shares but they keep delay it . Is that a scam .. QUOTE(Eric Lee 5576 @ Feb 14 2019, 04:37 AM) It 100% a scam . I cannot sell my shares units . How to take back my investment money ? Nope. I havent get back my money but im prepared for this. No matter how good agent says, it is just like money game (covered in other form). Thats the money i can risk with and yea i think treat it as an "investment" to see a friend's motive and intention
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Xithyl	Feb 18 2019, 12:42 AM Return to original view \| IPv6 \| Post #10
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(aspartame @ Feb 18 2019, 12:39 AM) You are gambling not investing... and dun blame your friends..they are also part of the sheep pack...greedy and daring like you Nah, didnt blame my friend for that. True to say it is just a gamble and that time i was just supporting my friend and believed him. Now after not getting what i should get back, i didnt even bother about this friend anymore.
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Xithyl	Feb 18 2019, 11:10 AM Return to original view \| Post #11
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(aspartame @ Feb 18 2019, 12:58 AM) Lol...you obviously are blaming your friend ....c'mon...it is not really his fault too... I blame myself more than i blame him. Blame myself for trusting a friend like this. Anyway, if the money happens to come back, then treat it as a bonus. Else just let it be. I have reported it to SC and BNM. At least it is already at SC alert list. QUOTE(ikanbilis @ Feb 18 2019, 01:31 AM) Can share how much you invested? 2k usd.
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Xithyl	May 18 2019, 02:33 AM Return to original view \| IPv6 \| Post #12
New Member Newbie 40 posts Joined: Aug 2010	OTM CAPITAL / OTM TRUST CARI DISCUSSION more updates here that investors cant withdraw/sell their "shares". If you guys have any info, please share.
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Xithyl	May 18 2019, 02:37 AM Return to original view \| IPv6 \| Post #13
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(bunny2018 @ May 2 2019, 01:29 AM) » Click to show Spoiler - click again to hide... « Hello friends, I search OTM out of curiosity and found this threads, I been offering a good offer that I not sure if I want to take challenge this round or not. I have connection with the company highest in charge person , and the first person who join OTM when there is no proper website is my good friend too, From what I understand, its different products, OTM has few type of investment products, if anything query regarding OTM can pm me, maybe i can help check issue. what issue do you want to check? since you know the highest person in charge, just help to ask why we can't withdraw our first investment even after it matures. period. QUOTE(Juan86 @ May 2 2019, 02:31 AM) most of the leaders now go China and abandon the people here guess so. not enough Malaysians for them to cheat. also not to forget they go to Thailand to cheat Thais too... QUOTE(kimxkim @ May 2 2019, 10:06 PM) hi.. has anyone got back otm capital money from the trust? nope nope nope QUOTE(XxcxxcxX @ May 9 2019, 12:53 PM) Nope. Nil. RM0 taken. They keep saying they unable to sell it due to nobody buying it. mtfk, Is this really how "Trust" works? why not i just buy Unit Trust from PBB but from you? Lmao. that one is their "trust". basically thats how they package it. QUOTE(Berryfendi @ May 10 2019, 11:36 PM) » Click to show Spoiler - click again to hide... « True, I also got the same answer from those agent... said about the market are running low,that’s why need to sell it ... I am speachless... previously so semangat approach me to recruit new member and ask me to join their cny dinner said about that if you want success must join it... I just ignore them. After the cny , I told him I wanna sell off all the units , the attitude 360 degree change.. until now still giving me the same reason market is running low.. lol I don’t know how to comment at all im curious, where is your agent now? This post has been edited by Xithyl: May 19 2019, 10:40 AM
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Xithyl	Jun 1 2019, 09:38 PM Return to original view \| IPv6 \| Post #14
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(ahgirlbi @ Jun 1 2019, 12:02 AM) If u got prove, u show me lo funny prove to us. Why for the first investment scheme that matures at 18 months, investors cannot get back their capital? *mind you, the first "investment" scheme got no unit to sell or anything. all company needs to do is return the capital after 18 months term. ok answer this and convince us. thank you.
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Xithyl	Jun 4 2019, 03:47 PM Return to original view \| Post #15
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(ahgirlbi @ Jun 1 2019, 11:53 PM) U as an investor i bliv ur agent already told u the reason than u again come n ask here why??? no my agent didnt tell me the full story. please tell me (or us) the full story here.
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Xithyl	Jul 3 2019, 01:43 PM Return to original view \| Post #16
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(XxcxxcxX @ Jul 3 2019, 11:39 AM) Now not only unable to sell their unit. Even the dividend(bonus) From them also unable to withdraw, only having 1 option which is rebuy their unit. What a fucking scam. Shame on them. Especially a guy name Thong that Thong that always shared how well he earned on stage through OTM? owai~. so call doc...
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Xithyl	Jul 11 2019, 12:19 AM Return to original view \| IPv6 \| Post #17
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(XxcxxcxX @ Jul 3 2019, 10:56 PM) Yaya. That fella. Obviously a con man look. cunning look. QUOTE(uncleko @ Jul 10 2019, 04:40 PM) » Click to show Spoiler - click again to hide... « funny Also a gal name Jazzm**e is one of the thong’s fans. Praise thing and so much thanks to him for letting her earn so much money. And I guess da gal’s watch is also from T, not hers. Also da Bentley not hers but he’s. More interesting, they went to TW monthly, posting same hotel room, but claim she’s single. And keep using social networking app to meet new guy, to convince them to buy OTM’s unit. And... da gal keep unfollow T’s follow, over and over again. He is following her now, then he’s not. repeatedly. Great drama, I love it. i think i know who you are referring to. that bentley is conman T's one. regarding the drama behind, no idea about it. anyway, guess T just using her to attract clients.
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Xithyl	Jul 13 2019, 04:13 PM Return to original view \| IPv6 \| Post #18
New Member Newbie 40 posts Joined: Aug 2010	maybe we can go make police report? can reveal that OTM is just a scam. Money Game News
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Xithyl	Jul 16 2019, 05:23 PM Return to original view \| Post #19
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(Unsullied @ Jul 15 2019, 02:44 PM) » Click to show Spoiler - click again to hide... « Did the company close down? Seems like they've become very quiet. The few guys who pursued me to joined previously is now either gone or went back working on a job. Funny how they tried to convince me that no job or business is sustainable before this. What an irony. no wor.... they are actively scamming Taiwanese now
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Xithyl	Jul 16 2019, 11:15 PM Return to original view \| IPv6 \| Post #20
New Member Newbie 40 posts Joined: Aug 2010	QUOTE(janson84 @ Jul 16 2019, 05:44 PM) the guy u mention its called Dr Thong... most people in OTM know him as Dr Thong. so how much you're scammed? 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. that business belongs to Thong? so the girls are doing the marketing for him only i guess? using girls to attract clients again...
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