Scheme flops, loan shark bites upline


In troubled waters: (From right) Poh showing documents including his police report during the press conference. With him are Gui and his deputy chief Tan Eng Hin.

In troubled waters: (From right) Poh showing documents including his police report during the press conference. With him are Gui and his deputy chief Tan Eng Hin.

GEORGE TOWN: An investment scheme player claims he is now in trouble after recruiting a downline member who turns out to be a loan shark.

After the scheme involving digital currency collapsed, the downline demanded to have his money back.

Poh Aik Chong, 40, said he feared for his life after he was threatened by the loan shark by the surname of Tan.

He said after the scheme collapsed, Tan looked for him.

“When I met him, he brought two other people along and told me I had to return his investments of RM70,000 in two months and I could not give any excuses.

“The way they spoke to me was frightening. I felt threatened and intimidated.

“I explained that although I was their upline, they invested in the online system directly.”

Poh said he asked Tan to share his account password to enable Poh to check his investments.

Instead, Tan sent Poh his bank account number via an SMS.

He wanted his money back and had given the deadline of Jan 23.

Poh said he then lodged a police report and decided to share his story with the help of the state MCA.

Its public services and complaints bureau chief Gui Guat Lye helped arrange a press conference for him at the party’s state headquarters in Transfer Road yesterday.

Gui said he would look into the matter and contact the police to see what could be done to help Poh.

Poh said he wished Tan and his friends would understand that he did not control any of his down-line’s accounts.

Poh said his school friend introduced him to the digital currency scheme in Aug 2016.

“The company was owned by a Vietnamese national named Thuan.

“They told me about their branches in Ho Chi Minh City and Hanoi and asked me to open a recruiting office in Penang.

“At an annual dinner hosted by BTCI System here, I met a man who became my downline and recruited Tan,” he said.

Poh said he set up the Penang office for the scheme last February with funds from Thuan, and the company suddenly closed down in June and Thuan disappeared.