uFun Club criminal case to have four components
Yesterday saw Thai police close off the window in which uFun Club victims could file complaints, with the last few days seeing the number of individual investors with claims top two thousand plus.
Combined, uFun Club victims in Thailand are claiming $8.5 million USD in losses.
The above was revealed yesterday at a press-conference held by police, with police chief Pol Lt-General Suwira Songmetta also providing details on the upcoming regulatory cases.
Last weekend it was announced that the criminal case report was expected to be filed “within 10 days“. That meant sometime this or next week, however Songmetta announced yesterday that the criminal case ‘will be filed this week‘.
Additional bankruptcy and anti-money laundering cases are also expected to be filed either later this week or the next, with the fourth component of the case consigned to “other charges”.
Sometime during the course of the next two weeks, the Thai Attorney-General’s Office are also going to decide whether the case will be granted “transnational status, which would streamline international cooperation in the case.
Additional civil lawsuits are also anticipated, with Songmetta advising uFun Club victims
to file complaints at local police stations, which would allow them to file civil lawsuits seeking compensation from UFUN.
As I understand it the two thousand plus uFun victims who have come forward have filed claims, which now need to be taken further with official complaints.
In related news, the UDBP executives previously arrested for laundering funds from Chinese investors have had warrants issued against them. These warrants officially tie Kevin Lai and Yang Yuan Zhao to the uFun Club investigation.
Both were arrested last month when Thai police raided a UDBP branch in Huai Kwang and after their bail applications were denied, remain in custody.
In addition to pending charges in the uFun Club criminal investigation, local authorities have
been instructed to proceed with charges of public fraud, operating a financial institute without permission, and working and hiring others in the Kingdom without permission.
Meanwhile another of uFun Club’s money laundering routes has also been busted, with a thirty-seventh warrant issued for the arrest of Lim Kim Seng.
Seng is alleged to be a uFun Club executive, who also works for Guinea-based Banque de Developpement de Guinee.
Like UDBP, Banque de Developpement de Guinee is another Pacific-based bank uFun Club likely laundered funds through.
Banque de Developpement de Guinee is a ‘development bank incorporated in Guinea’ and run by the Guinean government.
Guinea is the third Pacific nation uFun Club has been tied to, along with Vanuatu (UDBP) and Samoa.
The relationship between between Banque de Developpement de Guinee and uFun Club was uncovered after an agreement surfaced, signed by Seng.
Seng, a Malaysian citizen, is currently on the run and believed to be hiding out in Malaysia.
Pending the filing of the uFun Club criminal report by the end of the week, stay tuned…
Well, this can’t be because Jack posted over at MMG that the Thai AG said there was no case. It was all a big misunderstanding and UFun had nothing to worry about. There was no need to panic and people need to signup to get in on the IPO’s that are coming.
Of course Jack also believes in the Tooth Fairy, Easter Bunny, Santa Claus and Unicorns.
justicealwayslate on FB is reporting an hour ago, that the FBI [USA] is getting involved in the ufun investigation! it seems malaysia is also waking up from its deep slumber and promising action.
cannot trust the translation from thai, it’s better to wait for an english version of the news, but here it is:
facebook.com/JusticeAlwaysLate
UK authorities need to get involved too as there are quite a few UK UFUN affiliates that have signed many people (victims) up and some that are still promoting it!
Just to name a few:
Umesh Rana
Ayshez Sheikh
Lato Magar
Kancha Chora
CJ MarLo Javier
the UK will get involved now, as we have complained about ufuns payment processor ‘upaycard’ to the FCA.
‘upaycard’ is a scam processor, which has lied on its website that the UK, ‘FCA’ [financial control authority] has licensed it to transfer e money.
the FCA has clarified that ‘upaycard’ is not licensed by it.
i’m pretty sure action will be taken against them.
Keep hating, You all will have lots of egg on your face when =U= Comes through like champions!!
Instead of knocking them you should be joining them.. We will be getting very wealthy with PRE-IPO’shares !
I will just leave it at that !
Yes, and pigs will learn to fly.
Firstly they are not pre-ipo shares, they are pre-ipo points and have no intrinsic value.
Secondly, UFUN has no ownership of the Sulawesi mine as uncovered here (thanks to Anjali for the link):
facebook.com/JusticeAlwaysLate/photos/a.419929838185892.1073741828.419828431529366/443389572506585/?type=1&theater&_rdr
So those pre-ipo points you have are worthless and you have been scammed.
If you purchased worthless Utokens or investment points as they have no intrinsic value and are invested towards nothing!
Why do you wish to buy PRE IPO shares in Ufun, or in any Ufun related companies like the nickel mine?
I thought most of you guys were interested in the Utokens, not in buying unregistered pre ipo shares in a company that never has performed?
First it was getting wealthy with UTokens for UFUN members/victims and now they believe or are getting information fed by their upline that they will get wealthy with what in reality are non-existent PRE-IPO shares.
UFUN have just removed the façade of UTokens now that the Ponzi has been exposed and people are being arrested in Thailand and soon other countries. The PRE-IPO points are nothing but Ponzi points either.
Why doesn’t UFUN prove it has ownership of the Indonesian Sulawesi mine?
Oh that’s right, they can’t because they have no ownership of the mine just like they claimed to have 30% ownership of Gateway Klang in Malaysia and that turned out to be a big lie too.
You guys also forgot to mention the lies that UFUN has share in Bina Puri’s Bangkok Spa and Resort in Thailand.
MedNspa is under Danial Tay ‘s name, not as claim as UFUN expansion ventures.
So many lies, one by one being exposed. A prestige company indeed with so many faulty claims.