$900 million seized from arrested MBI International scammers
Malaysian and Chinese police have seized $900 million tied MBI International, a Ponzi scheme run by Tedy Teow Wooi Huat (aka Zhang Yufa).
MBI International @ BehindMLM
MBI International’s Tedy Teow extradited to China
Tedy Teow Wooi Huat (aka Zhang Yufa) pops up in the news every few years. The charges get bigger and how much Teow is reported to have stolen increases. Following approval of Teow’s extradition in January 2023, he was finally extradited from Thailand on August 20th.
MBI International’s Tedy Teow to be extradited to China
Tedy Teow, founder of the MBI International Ponzi scheme, is set to be extradited to China.
MBI International’s Tedy Teow arrested (again) in Thailand
Tedy Teow, head of the MBI International Ponzi scheme, has been arrested in Thailand. Authorities allege Teow was caught laundering money from his online gambling business.
MBI’s Teddy Teow wanted for $83 million Macau scam
Malaysian authorities arrested MBI International founder Teddy Teow in June 2017. He was arrested again by Malaysian authorities in May 2018. Despite facing charges leading to at least five years in prison… Teow was released on bail and, you guessed it, promptly fled to Macau. We know this because Teow is now wanted in Macau [Continue reading…]
Chinese MBI International Ponzi victims protest in Malaysia
BehindMLM published its MBI International review back in mid 2016. Over the course of 200+ comments, a number of die-hard investors defended the Ponzi scheme. Following the arrest of founder Teddy Teow and MBI’s collapse, investors are only now beginning to realize their losses.
MBI International regulatory warning issued in New Zealand
Following criminal charges being filed against Teddy Teow back in May, promotion of the MBI International Ponzi scheme appears to have shifted to New Zealand. This has attracted the attention of the Financial Markets Authority, who yesterday issued an “unregistered business” warning.
MBI International founder Teddy Teow charged with financial fraud
The Bank of Malaysia has charged MBI International Ponzi boss Teddy Teow with two counts of financial fraud.
MBI Ponzi scheme duped 350,000 affiliates out of $165 million
An ongoing investigation by Malaysian authorities has revealed the MBI Ponzi scheme saw 350,000 affiliates lose 700 million MYR ($165 million USD). MBI was a Ponzi scheme based on GRC Unit Ponzi points. MBI affiliates invested up to $35,000 in GRC Units, the internal value of which was set by MBI.
Malaysian authorities still investigating MBI International fraud
MLM Regulation appears to be a bit ass-backwards in Malaysia. After seizing over $40 million dollars and arresting MBI International founder Teddy Teow, Malaysian authorities released him and claimed they were still investigating. Now the Domestic Trade, Cooperatives and Consumerism Ministry has provided an update on the situation.
