​​​A  “Joint Emergency Fund” (JEF) is not a recognised financial instrument in any regulated market. Despite its official-sounding name, it does not exist in legitimate stockbroking, wealth management, or financial planning practices.
In legitimate finance, emergency funds are typically personal savings, or government - backed programs used during systemic crises. They are not investor-funded pools created by private firms to “unlock” or “release” frozen funds.​

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​​NJInc is targeting some of its clients, often those already unable to withdraw their funds, with a so-called “Joint Emergency Fund” that:

• Requires yet another first-depositor “activation” fee

• Claims all client funds will be pooled into a JEF controlled by NJInc

• Imposes a 3-month lock-up period

• States funds will be traded by NJInc for 2 weeks to “record clean trading activity”

• Threatens a daily US Securities and Exchange Commission (SEC) imposed “fine” of USD 1,500 if the client agrees but later withdraws participation from the fund

• Promises later repatriation via crypto assets to avoid traditional banking scrutiny

• Claims limited participation slots and imminent decision deadlines to create pressure

• Sometimes reduces the activation fee to sway hesitant victims

• Often demands that victims create a new email address for this phase.

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This setup lacks any legal registration, investor protections, or credible regulatory oversight.​

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This JEF scheme has the hallmarks of a classic advance fee fraud, layered within a broader pig-butchering scam:

• Upfront payments required to access your own money

• No verifiable registration or custody of funds

• False regulatory claims (e.g., fake SEC support and even penalties). According to the scammers often misuse the SEC’s name to intimidate victims into paying additional fake “penalties” or “compliance fees. The SEC’s real enforcement actions target fraudsters, not victims.  Refer to the SEC website - https://www.investor.gov/protect-your-investments/fraud/protect-your-money

• No investor rights or exit mechanisms

• No transparency on how funds are held or traded

 

Legitimate brokers do not pool client funds into obscure internal accounts, nor do they use "clean trading" as a requirement for withdrawal.

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Structural and Legal Issues

• No registered fund or legal structure disclosed

• No licensed custodian, fund manager, or compliance officer

• No independent audit or legal fund documentation available

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False Regulatory Claims

• Alleged fines by the SEC. e.g. USD 1,500/day, which is fake

• Threats of "blacklisting" or "freezing"  by the SEC are fabricated

• Misuse of names like SEC to build false legitimacy

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Psychological Pressure

• Artificial / fabricated deadlines to "act now or lose your funds"

• Emotional manipulation and urgency tactics

• Confusing communication from multiple representatives

Exploiting Victims’ Hope

• Another promise of recovery of invested funds after one last fee

• Pseudo-compliance language: "clean trading history"

• Warnings to keep communication secret from banks or regulators.​​​

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