Lecruz Ad-hoc committee
I realised that many of us have invested our hard earn money on Lecruz and hoping for a better return. I'm not different from any of you that have dump in large sum of money.Recently the unforeseen changes on the return of investment have left all of us into frustration and disappointment. The Top-up plan that came out on September seems like a trap that have caught us by surprised. Almost all of us are not wiling to accept the new changes and personally I do feel that it is Lecruz responsibility to keep up to their promises . No matter what happens let s speak together as one voice,there is nothing much I can do alone, there is nothing anyone of us can do alone but in unity, one voice, thousands of us we can make our voices heard esp. in Macau. Together we can make an impact.
Therefore I would appreciate to hear from as many of you as possible. Keep in touch with each other on the latest updates. Do comment on this blog and email us at :lecruzpenang@gmail.com
As one of the investors, I also need some clarification on the recent announcements.
ReplyDeleteFrom my understanding, lecruz is not going to pay in full as stated in the previous plan for members who signed up before September 09?
It says 1 CP = HKD 2.00 and 1 REP = 0.06 HKD, which means CP now has lower value due to the currency it is pegged to? It was measured in value close to 1 USD
For a member who signed up as silver package in feb 2009, he should get 11% of 5000CP in October which is 550CP. However the member can only get 1% of CP and 10% of REP which cash value is lower?
Please can somebody help clarify?
Are we investors getting back what we are investing as promised earlier?
can someone from the legal profession provide inputs on how to take legal action?
ReplyDeleteIs it possible to take legal action?
ReplyDeleteDo we have proper documentations to sort this out?
It is best to negotiate, to at least give us our returns based on the figures stated in their plan given.
It is only fair that investors who had invested based on the old plan been given back their fair share.
Just got to know a shocking fact!! The reasons given by the leaders that Le Cruz members asking lots of questions and interrupted the casino business actually not a real reason.
ReplyDeleteThe leaders knew or perhaps only OH HAW LEONG knew what will happen next. That explained why Oh Haw Leong doesn't want to continue earning the extra % of money as a stokist and release his stokist status to others. Why he doesn't wants to earn somemore as main stokist?
Because he knew ! He knew something going to happen or rather said his syndicate is going to close this program.
Now if you ask him, he will tell you : I'm not going to involve in it ! (because he is now already a multi-millionaire!!)
Sue that OH HAW LEONG !
Suck ! They changed new plan to pull in more sales. Who will gain the most ? OH HAW LEONG (#001)
Till recent I know that he was in mobile wallet. He lured his people to put more money till the "disaster" happened in April that year. Actually, he already known in Feb. Damn this guy ! Don't care his people even friends. In his mind only $$$ !
ReplyDeleteAsked Alan about the new plan, he said will only be known after 2-3 months time. How come so long to decide? Are they now want to push / drag?
After pondering about it, I still think that it is not right that LeCruz dismiss all this and pass it on to Wijaya Group.
ReplyDeleteThey are not closing the business, and they are still going on making profit. If they want to stop MLM business, then return the money to the investors, and go back to their traditional ways.
Its unethical to take the money, then stop the whole program and give back peanuts to the investors. This is what we call a SCAM.
seriously, things look bleak for me.
I believe other investors as well.
Some could have their whole life ruin ahead of them...
When I think about it, Lecruz not making profit is bullshit!, Sept 09 alone the investment should be above tenths of Mil. Sept. new plan was a trap, Sept. top-up also another trap! Wijaya taking over and setting up a new company maybe another trap. After we accepted and sign the agreement then thats it, we cannot sue Lecruz anymore!Coz' we agree liau ma! If those leaders sincerely wanted to help out, then they should come out with something solid to regain back our confident not only word of mouth..telling us to wait and see???I heard they have meeting everyday but till now we still end up less than 10% of what we should be getting.You create havoc- they blame on you! You wait another 3 months , company close shop - they also can blame on you!!!Fark! What can we do now ???I hope other leaders must also follow like ah leong fork out 2mil to adsorb the CP , to lighten the burden of the downline and also looks better after making tons of money. right?
ReplyDeleteHas anybody brought up to the leaders to get back to lecruz and negotiate of returning all the investment because they stopped the program? Instead of having Wijaya venturing out into another business and get all investors blindly hoping?
ReplyDeleteHundreds of investors begining from KL, had signed a memorandum to LECRUZ and forwarded to Mr Oh Haw Leong in person at end of the meeting in public.
ReplyDeleteThis mass signatature campaign by investors point the accountablity/liablity to where it belongs. The copy of the MEMORANDUM has been circulated widely. If you don't have it, please make a request to us at chaitanlee@yahoo.com. Happy to forward to you. We don't know who wrote it, but forwarded to us by some other investors.
We suggest get your downline to mass sign and to give one PHOTOCOPY OF THE SIGNED MEMORANDUM to each signatoty and the original goes to Mr OH HAW LEONG in person!
I think that LECRUZ is cannot be labeled a scam yet!! LECRUZ is doing it professionally and legally. They "have" handed it over to Wijaya Group. The group is going to come up with written agreement which the investors have to sign. "Investors don't have a choice". But going by the protest, they might make a very good offer. Once signed by investors LECRUZ is no more legally responsible for our investment. That is when all our investment are going to get stuck.
ReplyDeleteWe must understand Lecruz is a legitimate junket business registed in Macau. The counterpart in Canada whose registration document shown on Lecruz.com website, is reported to be a dormant business; unlike Macau operations. Therefore, any litigation filed against Canada operations going to give limited returns. Any actions against Lecruz has to be focused on its Macau business.
Being a junket for casinos, need a large bank deposit of several hundred million dollars in addition to impeccable reputation.
Therefore,if we insist that LECRUZ, remains responsible for our investment and stop negotiating ANY deal with Wijaya Group; there is a good possiblity we will win.
If LECRUZ says, it doesn't want to run the MLM, it CANNOT simply absorb all our money freely into its account. It is ILLEGAL. Please understand, Junket business in Macau is regulated strickly by Macau authorities.
That is why the team of MLM leaders were going around the country explaining the new Wijaya Deal. It is a trap once we sign and accept it. Lecruz, is a multimillion dollar business entity whereas Wijaya is an individual who had been working for Lecruz.
Therefore, although our Lecruz investment looks gone; it is not gone until we had signed the new deal with Mr. Wijaya or any third party. Then this will become a scam, unwinable in any court.
Therefore,don't be rattled by present scenario of low returns. It is a psychological war.
1) Please insist to all the MLM leaders that we hold LECRUZ RESPONSIBLE FOR ACCEPTING OUR INVESTMENT THRU THEIR LOCAL AGENT IN MALAYSIA.The money trail is traceable.
2)If Lecruz doesn't want to run MLM, IT SHOULD PAY THE PROMISED AMOUNT NEVERTHELESS. It is accountable for the promises made in the presentations by the local agents in Malaysia.
3) If it fail to do so, the ensuing mass police report, with media publicity, will damage its business prospects in the region (Malaysia & Singapore included). That will be more damaging than any litigation. Refunding the investors is going to be least costly outlet for LECRUZ. They will take a less damaging path! (ex-makkal sakthi)
We understand from some "leaders" of this scheme(scam), that Mr #001 has called for a meeting of "leaders" (that he appointed) to meet at Penang island at 3pm-20/10/09,at a location that will be informed only at 2pm. This are the very people,pioneer investors,our helpless uplines, who all are (without exception)almost bankrupt due to September top-up package and stockist programme in the same month.(These "leader" are different from original 8 recruiters who invest only once, and profited thereby.)
ReplyDeleteHow can these victims speak for the whole group? How sure are we that will not be bought over due their predicament? They can't negotiate objectively from the point of strength for the whole group.
Unless we Penang,Ipoh,KL, JB investors organise regionally. Each conduct our own meetings. Contribute say, RM500/= each investors, hire a legal advisor for each region. Then we can send our representatives with legal advisor to such meetings to negotiate on our behalf to Mr #001; later to Macau,to negotiate with LECRUZ, in the presence Mr #001 of course. Once our investment money is transfered to him as final destination before Macau, he has to remain accountable till we find a solution. This way we can come to amicable settlement, with returns as ORIGINALLY PROMISED BY LECRUZ or A REFUND WITH EQUIVALLENT INTEREST RATE as they originally promised. If fail then the next alternative.
The so-called "leaders" appointed by Mr #001, are not our representatives. These upline investors should actually help organise regional grouping of investors,and let everybody take charge of our investment.This is because the uplines have all the contact datas. Otherwise, downline investors are likely to think these "leaders" as part of the scam later. You can't blame them. We see this as a part of scam strategy to pass the buck to the innocent upline investors later. LEADER is a misnomer here, LEADING-VICTIMS is more appropriate.(a reluctant "leader")
from the way i see it, it appears that we are being led blindly and attentions being diverted to VJ Group.
ReplyDeleteWith the above said meeting on 20th Oct 09 by Mr#001, and the "leaders" he appointed, I can't help but wonder if those appointed by Mr#001 are qualified to speak on all our behalf or scapegoats?
I propose that we should focus our dealings with lecruz directly.
The objectives:
1. To have Lecruz stick to the old referral plan payout.
2. Refund the money which was invested into lecruz to all the members which sign up in agreement with the old referral plan if they are not going to pay accordingly.
So now the question is:
1. Who is capable to speak on our behalf to negotiate with lecruz?
2. We need to be able to get in contact with all members including all of those in other regions to align our objectives.
3. A few representatives acknowledged by all members from each region to go to lecruz to negotiate.
4. Somebody from the legal field to provide input on the situation and actions that can be taken.
Please add in to my comments for extra inputs.
We need to compile a list of our objectives, what can be done and what needs to be done, then present to all members.
It is important that all are aware of the situation, everybody's goal is aligned, and they agree to the actions planned to be taken.
There are few options remaining.
ReplyDelete1. Give Wijaya Group 2 months to come up with a win-win plan...?
2. In the meantime, we pool all our resources to provide Wijaya group proposals that are acceptable to both parties.
3. Review result of memorandum and take follow-up action. This can run concurrently with item 1.
The HKD2 should be revised immediately. You don't have to wait until 2 months to do that.
ReplyDeleteNo matter how high the % is raised, the HKD2 is the deciding factor on the dividents rate.
Haw Leong and Wijaya Group must give priority and work on this immediately and come out with a solution by end of this month.
I propose the exchange rate for CPs to be revised to 5HKD.
YES I AGREE with "reluctant leader". LECRUZ SHOULD stick to original promised return or refund our money immediately with interest. Of course present "LEADERS" are victims themselves. They were told to explain to downlines therefore, acting as buffer to 8 Top Recruiters appointed by Lecruz. Upline leaders can only repeat what they are being told by Mr Oh Haw Leong. Negotiation should be done by our chosen representatives with legal counsels assisting; not as what is happening till now. TIME TO CHANGE!
ReplyDelete1) They are making us fools to fund Mr.Wijaya's Group, for returns below our capital. This is what this scam is all about.
2) LECRUZ should not transfer the money to third party, (commercial crime; initiate legal action in Macau). This facilitates the scam.
3)If Oh Haw Leong and Wijaya treaten LECRUZ will absorb our investment in their account, challenge them to do it! That is illegal. Another commercial crime!
Hi leaders, its high time that you people have another meeting with Wijaya Group and Lecruz reps in Macau. Then come up with solid answers / solutions for investers or what action to take next. Currently we are all left in limbo... and we find it difficult to answer our downline investers. God knows what can happen in the next 2 to 3 months?
ReplyDeleteI'm one of the investor of this plan. As what i was told, the reason behind the downfall of the plan is that the company had invested in a casino in Indonesia. Alot of money had been dumped into it which cause the company to have insufficient fund to pay to their investor. One thing that i don't understand about the payout is that it divided into CP and REP. Can somebody explain to me what is REP? Someone told me that REP is the share dividen of the Indonesia Casino that gonna open next year. Is it true? If anybody is planning to go to macau this month, please do keep us update about the situation of the company ie. are they going to close down?
ReplyDeleteFishmonger took us for a ride!
ReplyDeleteI don't think the drop in CP rates has anything to do with the investment in Indonesia. Instead, it was a well executed scam, introduce high returns, give out impressive gifts, free tours etc. Then, announce a less than attractive scheme about two months in advance and pretend to be 'kind' to 'old time investors' by giving a one month grace (till Sept 30) to 'mop up' all liquid cash and bang!, 'close' the scheme.
All these hype about a white knight trying to rescue is just that, hype!
Legal option? We got to play our cards right and move in a single voice.