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
30 comments:
As one of the investors, I also need some clarification on the recent announcements.
From 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?
Is it possible to take legal action?
Do 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.
The 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 $$$ !
Asked 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.
They 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?
Has 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?
Hundreds 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.
This 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.
We 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.)
How 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.
With 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.
1. 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.
No 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!
1) 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?
I'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?
Fishmonger took us for a ride!
I 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.
Agree with you guys. Thank you for sharing. We have to stand united. But lets be prepared and encourage diverse opinions and course of action with one goal, one objective.
For that we to define our objective clearly.
1) insist on orginal quantum promised by LECRUZ.( No third party, Wijaya group or otherwise.) Or pay our capital with interest rate in the same quantum they promised, depending on the time frame they take to pay us; even if they have to liquidate their company! This time we believe no website unilateral anouncements, but legal agreement with our lawyers we collectively hire (cost effective way).
2) Start your local network for each area.eg Penang Island, Seberang Jaya, Sungai Petani and Kulim,Ipoh,KL, Klang,JB ect.PLEASE CALL YOUR UP-LINE LEADERS. The so-called LEADERS should share data of e-mail and handphone numbers of investors in areas they sponsor to prove they are with us. They can compile e- mail address by 'location wise' and e mail to down lines. This will facitate formation of groups, for meaningful negotiation with LECRUZ in Macau, with 3 representatives from each location with legal advisors present.This time we must have legal document signed enmass for all represented. We will have to get local lawyers in Macau to do the paper work and stamping. If we share out the legal cost it will be economical. Those who refuse to joint will have depend on the mercy of LECRUZ website for their returns.
3) Can somebody post the copy of MEMORANDUM submited to #001 here for all to read.
4) We need to back up this blog, just in case; but best communicate thru this blog, for the sake of coherence.
Yes we should start our local network to show that we investor stay united so that we fight for our money for return from Le cruez.We must ask Oh Haw Leong to explain to us what accualy happen. What happen to our money.As i know the money was send to OH Haw Leong , from him where the money goes he should answer to our questions.If there is no solution we must lodge police report against Oh Haw Leong and Le Cruez
i would recomend the entire team before heading to macau get the earlier memorandum signed up by all the investors as one unity /voice and to speak up all the issues mention in the latest meeting held on 20/10/2009 at penang and to be given them a lead time of 1 week for lecruz to come out with a win-win solution for both parties and strictly to refund back all the August & September investment failing with further delay i feel all of us to take next step to go ahead as for the memorandum issued earlier.
So far is there any updates on what is going on?
It is almost 2 weeks since they last provide us with an update about the new plan.
hi, Nice to hear some guys are taking some brainstorming moves to handle the new unvaluable package redemption that will never ever get back even our capital.Im really going through a hard time since this was announced.I have invested a large amount and now I cant even recover.The next I think is to commit suicide.All my hard earn money has lost in the breeze. Im pretty sure alot of families are now suffering and having a tough time financially. God, when can we see your grace? Guys, getting a legal authority to handle this problem will might benefit us and very important that no one gets trapped in such scam future.My humble request if anybody is in the legal firm who has invested,pls come forward and give your ides how to move with this matter.Lecruz shouldn't ever just sweep our money of just like that and hand it over to someone else to run the show.When initial part they said MLM was the best marketing strategy and now they say MLM is a flop.If they think they cant cope,return back our capital. It is later up to us whether we want to invest with the other group or not.Not just throwing us out with all our money inside. I had a friend who already resigned job and now he is totally lost all out.Cant imagine how is he now.he even doesnt have the money for the wife who needs a cessarean end of this month....what a devastating time.Buddhist believe in law of KARMA--every action has has an equal reaction.For the damage they have done they have to pay for it.we investors should stay united and as said previously by other investors,get a immediate commitee from our investors with legal advisors to have a pleasant table talk with Lecruz and get things right back.(at least our capital back). Please.Please.Please.We need to be united.Please get more peolple to response to this call. Wake up dear investors. Time is running short.if we dont do it now,never ever forever.
They had a meeting on 20.10.2009 what was the outcome. Anyupdate ?
I like you all invested way back in Feb and up until the announcement I have never realise that it would close shop so soon. From US2.90 to HK2.00 and we are ask to be patient , give him a chance , we are all investor and so on. As I see those leders are no batter then Wijaya or Lecruz it is a scam . Wijaya is a front as back in Feb when we went to Macau Wijaya made an apperance now he is the boss. I think this wijaya and some of our Fellow Malaysian cook up this scam to take us. There were a few Fellow Malaysian which show up for our informal meeting at Venatian - 12 o clock Midnight so I thought this is still in its infancy maybe next time batter presentation. I have since erase the video I hope I can find it back and post it here for all to see. Now the 24 hero which went to Macau and came back with nothing now how long is this going to stand? They give this flimsy excuse that because of their scam it would compromise their bigger scam as an excuse to close shop , my son can script it batter what a load of rubbish. Maybe it would be batter it we go hire a private eye and dig up those behind this scam and decide what to collective do with them.
Being an investor, I feel this kind of activities should not be allowed to flourish. I bet there must be some people with some relevant documents which can link the people by sniffing them via the bank transactions made. I believe we should move faster. But, anything official involves making police reports, but some strong evidence must be presented first. Anyone who does these sort of cheating is definitely out of their conscience and concern for people. If there is no positive signs to recover the hard earned money, we just have to sit back and pray with tears. Its our own folly and greed as well. Lets pray together that things sort out fast and reach a win win situation.
How come your filtered comments?
Please publish contact info on Action Group by area.
we as a invester should take some action againt Le cruez rather then just giving mamorandum. We must lodge police report togather. We want so call leaders please come and explain we step to take next againts Wha Ah Leong
I plan to hold a meeting in Penang on the lecruz scam soon. All lecruz investors please contact me through this blog.
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