Friday 23 October, 2020

Is Michael Lee Chin really championing binary option get-rich-scheme?

Lee Chin needs to denounce this and get to the bottom of it and sue those responsible, one expert said.

Lee Chin needs to denounce this and get to the bottom of it and sue those responsible, one expert said.

Over the last several days, readers of digital news have been faced by a pop- up ad with a picture of NCB boss Michael Lee Chin exhorting people how to become rich by working from home using binary options.

The ad go on to say that Jamaicans can make J$100,000 on average per day via this method.

Lee Chin , referred to as a Jamaican billionaire is quoted as saying: “ It’s even dangerous to talk about it, because the powerful elite does not want the average Jamaican to have this much wealth. Because the wealthier the population is the less power they themselves have. They hate me for sharing this!”

A testimonial from a Paul Schulz gives a ringing endorsement and he claims in the ad to have made about US$9000 a month via binary options.

Michael Lee Chin is one of Jamaica’s foremost business leaders. He made his fortune in Canada through his mutual fund company AIC before making a number of significant investments in his country of birth, Jamaica.

He has stressed self-empowerment and self-reliance and has never sought the get-rich –quick route.

He is currently the head of the Economic Growth Council formed by the government of Jamaica and Lee Chin’s mission is to see to it that the country achieves 5 % growth in GDP by the end of 4 years.

“This sounds and reads like fake news. Lee Chin would never endorse something like this . Whoever is behind it is using Lee Chin’s picture and quoting him falsely. The name Paul Schulz doesn’t sound like anyone in Jamaica. This is bandoloo business,” Terrence Joseph told Loop News.

Mahmoud Fars added: “ People keep seeing this Lee Chin thing on digital platforms and it is clear that it is being used to promote a scheme. Lee Chin needs to denounce this and get to the bottom of it and sue those responsible.  The media is becoming out of control. Anybody can do and say what they like with no checks or consequences. You just put it out there. It is now a world of fake news.”

Loop News made calls to ascertain Lee Chin’s response to these digital ads but the calls went unanswered.

Get the latest local and international news straight to your mobile phone for free: