KUALA LUMPUR: Three men, believed to be linked to controversial money game operator JJ Poor To Rich (JJPTR), are expected to be charged with cheating at a magistrate's court here Tuesday.
The trio, aged between 28 and 30, are expected to be charged under Section 420 of the Penal Code, which carries a jail term of up to 10 years, whipping and a fine.
The JJPTR investment scheme collapsed in April after the company claimed to have lost US$400mil (RM1.7bil) to a purported hacking job.
Its founder Johnson Lee and two of his aides were arrested by police on May 16 and released on police bail on May 23.
JJPTR, JJ Poor to Rich and JJ Global Network are the three forex trading entities listed on the website, www.jjptr.com.
The companies are among the 394 entities and individuals that are on Bank Negara’s Financial Consumer Alert list as of Aug 28.
More to come
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