PENANG: Investment scam JJPTR founder Johnson Lee, who was fined by Sessions Court in 2018 for falsifying Companies Commission of Malaysia documents with investors losing millions when the scheme collapsed, is making a comeback.

Lee posted on Facebook that he would be visiting Penang, Bukit Mertajam, Alor Setar, Taiping, and Ipoh to launch virtual currency network platform “Pi”.

He would announce his trip to Kuala Lumpur later.

Lee said he is serious in helping his clients this time.

However, netizens posted comment like:

“When are you paying back my money?”

“Can you pay my mother first before you continue to cheat others?”

One cited the conversation in the movie No More Bets to make a sarcastic remark against Lee.

When media reported his “comeback”, Lee replied that Pi is free and can be exchanged for cash.

He also requested the media not to blow up coverage about him.

He also took the opportunity to joke: “The price of pbc , Pi’s trading platform, is going up. Is this coinciding with news coverage?

“If you do not know the actual price of Pi, you can click the link below. As long as you are not greedy, you will not be conned.”

Lee also replied a netizen: “Can’t blame you, those people are greedy.

“He who is greedy gets conned,” he wrote.

Another netizen took a swipe at Lee: “How can a cheat make a comeback? Because there are many new people who are fools!”

In 2018, Lee, then 29, was fined RM18,000 by a sessions court after changing his plea to guilty of making a declaration at the SSM office in Seberang Jaya on December 15, 2016, that the company had never started a business since it was incorporated.

The offense under Section 364(2) of the Companies Act 1965 (Act 125) carries a jail term of ten years, RM250,000 fine, or both, upon conviction.

The JJPTR investment scheme, which means rescue the common people in Chinese, collapsed in April after the company claimed to have lost US$400 million to a purported hacking job.

More than 400,000 people were believed to have invested in the scheme.