164 indictments in Thai uFun Club Ponzi case
Following the submission of a criminal case report by Thai police last Friday, Public Prosecutors have decided to file charges against the accused.
Some 164 indictments have been handed down, with those indicted facing ‘charges of operating lending and borrowing services in a way suspected to be public fraud.‘
The case itself appears to have been split in two, with a lesser charge of “using electronic cards” to be filed against “13 associates of” uFun Club.
As of yet no list of those indicted has surfaced, with the AG’s Office only revealing that
a panel comprising prosecutors from the Office of Criminal Litigation and Office of Economic and Resources Crime will be formed to handle the case.
Stay tuned as we wait for further information on the list of suspects indicted.
Oz, Think we will see a list of “Who’s Who”?
Hopefully, I don’t see why they’d suppress that information.
up until now the thai ufun investigation has been conducted with amazing transparency.
i think they will continue in that spirit. this will be a transnational case, so sharing of information openly will be very important.
also, in matters like ponzi pyramid schemes, which involve the public, its not healthy to do things with stealth, like the case of samoa suppressing the name of their ufun arrestees, or kristine johnson getting the privilege of fighting her achieve community ponzi case under the privacy of ‘sealing’. public scammers should get a public prosecution.
Sketchy auto-translate update from JusticeAlways late:
Will have something more concrete if this is reported in English.
facebook.com/JusticeAlwaysLate/photos/a.419929838185892.1073741828.419828431529366/457669677745241/?type=1
So, what happens in cases like this when affiliates don’t want to pay money back to victims? What can the victims do?
Is anyone who isn’t listed as one of the 164 people free to carry on doing as they please hopping from scam program to program and funding their extravagant lifestyles with other peoples money without a care in the world?
Already there are many disgruntled UFUN investors/victims who are complaining on Facebook that their uplines/leaders are ignoring them and have gone on to do other programs now.
Two examples of disgruntled UFUN / MULTI NASCO members on Facebook:
i.imgur.com/fMK8oFd.jpg
i.imgur.com/6Qhu77E.jpg
Outside of Thailand, not much.
The ring of scammers in the US promoting this for example will likely walk away with only their reputations taking a hit. The best you can hope for is that their victims don’t fall for the same crap again.
wont the scammers be subject to clawback though?
ufun may have rebranded to unascos, but its still the same ol’ people, in the same ol’ haunts, doing the same ol’ ponzi selling:
yoogan lives in malaysia, so she is free to do whatever she likes, since malaysia loves their ufun/unascos entrepreneurs.
hmm, yoogan used to play tagteam with eddy tan, so where is he these days?
well, turns out eddy tan is having fun&photos with unascos as recently as yesterday.
scontent-fra3-1.xx.fbcdn.net/hphotos-xft1/t31.0-8/11754751_1667721273461975_3566303170138616485_o.jpg
note the logo behind eddy tan which says ‘puteri UMNO’.
puteri umno is the youth wing of UMNO, the political party of malaysian prime minister najib. ‘puteri’ means ‘power’.
this will give you an insight into the idealogy/loyalty of puteri UMNO:
‘the edge’ reported about PM najibs 1MDB scandal.
but why is puteri UMNO’s logo in clear view on a UNASCOS stage?
is it because PM najibs son nafizuddin, is alleged to be hand in glove with ufun/unascos?
a few weeks back the head of ufun/unascos daniel tay was photographed giving some charity check to the home minister of malaysia, who is a close confidant of th malaysian PM, and this ‘event’ was reported on the UMNO website.
before, only nazifuddin appeared to be involved in ufun, at a personal ‘business’ level.
now the ‘power’ links of ufun/unascos in malaysia, are blatantly becoming political.