Eh … we have no experience yet as to whether they will get the money after 20 days later. I really hope they will get their money but we need to wait to see if all will get.

If the fund is operating within Malaysia, the Malaysian authorities can freeze those accounts. However I don’t think these funds are within Malaysia, so there is nothing to freeze.

I am not a lawyer but I suspect that the only accounts that Malaysia authorities have jurisdiction are those IBs or upline accounts if victims can prove that they have transferred funds to them. This itself is a violation of law as no one except approved institutions or agents are allowed to accept deposits. Whatever the IBs have written to convince victims to part with their money can be used against them.

Again I am not a lawyer, check with qualified lawyer to seek your options.

How do you know that?

I wouldn’t get involved at all as this will prolong the suffering of the victims. As a society, we are worse off by such scam activities. If you studied economics, you will come to this term called multiplier effect.

The scammers have ran off with so much fund and most likely to overseas accounts. These monies won’t be spent locally which thru the multiplier effect will have caused more increases or changes in many other economic variables locally.

Think it simply as follows:- if you run any business, these victims are your potential customers, if their monies were scammed they won’t spend on your products which will provide you with a profit. This is why such scam activities have a very detrimental effect on all of us even though we are not involved in these scams.

The scam moves these funds away from the population (many victims) to few individuals (scammers). So unless you are in the business of luxury goods and most likely the authorities or laws in place are weak (due to non enforcement/jurisdiction issues), all of us will be impacted.

This is why we need to minimise the impact to society by keep reminding everyone of all scams. If you have been scammed, approach the authority despite they telling you not to (because these scammers rely on continuity to keep scamming more victims). Check with lawyer if you can take those IBs and the introducers to court to recover your hard earned money.

Victims who continue to think this is not a scam … I consider them as lost souls. They can only accept the good news and fight against bad news, without thinking about all the norms like checking any audited reports, checking who are behind, too good to be true returns, … even now that they have to wait for pop-ups they still HOPE … this just show their financial literacy rates.

RIP

Shouldn’t the victims sell before the show? Would love to attend just to listen, no point bashing as I am sure many victims will do that (and may be ejected) unless they disallow anyone to interrupt the show thru open comments etc.

It’s a long shot and yes very likely most victims won’t get their money back. Authorities are unlikely to get most of the money back but there is a possibility that if the accounts are traceable within Malaysia then it’s possible to freeze and to make some recoveries.

The most important outcome is to stop this scam so that no more victims get sucked into it.

Get free consultations from Michael on next steps. I am convinced that he will advise to make an immediate police report

I am not an expert on how these things work, so just want to seek some clarification in case this has been mentioned by TriumphFX.

If you kena the lottery lucky pop-up, do you get the payment immediately or get it after another 14 or whatever number of days?

If it’s the latter then fair enough it won’t show up in the daily transaction records until a later date. If it’s supposed to be immediate then can all victims please ask why these are not registered as part of daily transaction records. It’s a real simple question and I really like to know the answer!

If I am a scammer, I will take 20% of all new deposits into my own wallet. Spend the remaining on commission and some lucky pop-ups for victims so that they continue to hope beyond hope 😂

The problem is that very few people understand what we are presenting as evident. They look at your attachments and go blank 😂. These victims can’t decide if these are true or not, because one side of brain telling them their investment still there and this is not a scam, the other side won’t admit they don’t understand how all these crypto work or what your attachments mean. They just understand that they are frustrated of not getting their hands on their hard earned money. They are stuck at no man land and can’t move forward or backward. You can’t expect all uncles and aunties (and I would say majority of victims) to understand what your attachments mean or how to interpret them.

Maybe the best way is to get someone totally independent to explain to them what all these mean … and why it’s proof that this is a scam. Maybe should approach Michael to find experts to explain what they have gotten themselves into.

Don’t worry … someone probably downloaded his picture 😂. If true all these people will be famous in many many chat groups.

but but … you are describing exactly the characters of a scammer 😂.

Just realised after pressing Reply, Lowyat has this disclaimer “- Strictly no advertising in this section
- The posting of any MLM, get-rich-quick, referral programs, pyramid schemes, unlicensed forex is strictly prohibited here and anywhere else in Lowyat.NET. Any such postings will result in an immediate 3 day suspension of your account.
- Members are advised to be cautious of forex operators that have not been approved by Bank Negara Malaysia”

Good disclaimer to avoid any liability.

If indeed they have been revealed then it could be time for them to bungkus and lari.

Victims, what are you waiting for? Please remember hope is never a good investment strategy.

This scam will continue if you continue to believe the non-existence assets still there. Soon or later all truths will be revealed. It’s now or later but outcome the same. Better to stop now to avoid more victims and get on with your life.

This post has been edited by aaa_batteries: Dec 22 2022, 09:39 AM

No lah. He will be very persuasive … first time cannot go back second time still cannot go back third time. Each time add more fancy info on returns from new cycle …. That’s sales.

Exactly we will be very very happy if all victims can get their money but the truth is they are not going to see their hard earned cash anymore. A scam is a scam nothing more to it.

We don’t get any monetary award in trying to educate public to avoid such scam. We don’t wish for any of the victims to lose their money. We are trying to prevent more victims from losing even more money.

Whoever reading these and need help, feel free to approach Michael of MCA. He will be more than happy to find someone to explain what you have got yourself into.

I just don’t know how to respond to each of these spins. For sure most victims don’t even understand how the system works and have to wait another 2-3 weeks and 4-6 weeks for next updates which will come to another “nothing”.

This move to TEX already proof as a failure as it’s just a cover up for non existent assets. All the promises for TEX??? And victims still hope and listen to all these spins.

Every single statement sounds so ridiculous from that chat. All exchanges show transactions between wallet addresses and only scammers will sell you that crazy idea.

If anyone believes that statement, it proves you don’t know how crypto works.

After these two weeks, my take is that the scammers planned this crypto thing some time back as a possible exit strategy (among few strategies) when things start to go south (withdrawals more than deposits). It holds back the withdrawal outcries for weeks.

They probably hoping to kickstart the deposits to cover the withdrawal issues but these deposits not coming in. If deposits continue to dry up, the collapse is near.

I won’t write them off completely because it depends on new deposits to keep the game going but it’s not looking good so far.

If they introduced these crypto during the height of the Ponzi scheme it would have generated more interests but “luckily” they missed the boat.



This post has been edited by aaa_batteries: Dec 23 2022, 08:23 AM

They need to respond to current barrage of complaints by telling stories/spins … buying time to maybe plan an escape or to try another strategy. No communication is worse in this situation. If they are still scrapping deposits without having to pay out anything then it’s still positive cash flow.

Let me add here further. The scammers are smart and more knowledgeable than the victims. It’s a classic old story of rich playing with the poor. In this case, it’s people richer with knowledge and taking advantage of those with less knowledge, playing with victims emotion of seeking more financial returns etc.

Do you think victims really understand how these crypto wallets work in details? Many would be first time being introduced to these. They do understand IT with PHD but the exchange platform is already there and they are one of the many coins available. You don’t need “IT with PHD” but this sounds more convincing and easier to understand than “a reputable IT firm with industry experience in crypto management” or simply we are looking into it to fix the problem.

They are putting out things that they know most victims can’t question them. Those who question will be silenced out of the group. This is how they are operating to control the narrative among those who don’t or can’t question them. It’s crowd control and they are doing it effectively.

This post has been edited by aaa_batteries: Dec 23 2022, 09:19 AM

Wow this forum is exposing lies after lies ….

Victims, take note. The earlier you wake up the faster you get back to your normal life. It’s time to rebuild rather than holding on to HOPE as this whole episode has always been a Ponzi scheme.

We do hope you can get something back eventually but do not put in anymore or get someone else to participate. We need to put down these Ponzi schemes from destroying more of our vulnerable society.

Yes, best to block out those names.