2nd uFun Club warning issued by Central Bank of Brunei
Sometime recently the Autoriti Monetari Brunei Darussalam (AMBD) received information ‘regarding some individuals and companies fraudulently claiming on social media that AMBD supports or approves their financial products.‘
It appears after investigating the information, the AMBD felt it necessary to issue a second cautionary against investing in uFun Club.
In the warning, directed to members of the general public in Brunei, the AMBD state they wish to
highlight to the public regarding recent reports in the media relating to the UFUN scheme.
In Thailand, it has been recently reported that raids and arrests were made on UFUN executives in Thailand over allegations of running a pyramid scam and money laundering.
In Malaysia, UFUN does not have authorization or approval to operate, and appears in Bank Negara Malaysia’s alert list.
AMBD would like to strongly advise members of the public to only deal with individuals or institutions licensed by AMBD in receiving financial services or obtaining financial products.
An earlier warning was isued by the AMBD roughly two weeks ago. but it appears some uFun Club investors have continued to market the Ponzi scheme – worse still claiming the AMBD have thrown their support behind it.
In Thailand police on Wednesday told local media they were ready to hand in a 400 page criminal case report to Public Prosecutors sometime today (Friday, June 26th).
After Public Prosecutors have gone over the report and the case is granted transnational status, it’s expected arrest warrants and extradition requests for uFun Club executives will be sent out.
Thai police have advised those connected to the uFun Club scheme face years in jail and thousands of dollars in fines.
uFun Club meanwhile has attempted to rebrand itself as Unascos, possibly hoping a new coat of paint will undo $1.17 billion dollars of global Ponzi fraud.
According to advertising material being circulated by uFun Club investors, a new Unasco office will be opened in Melbourne, Australia on August 1st.
Stay tuned…
hello brunei, fact check.
ufun group ltd, the parent company of ufun, is a company incorporated in the tax haven of brunei.
so, brunei can incorporate shady firms and enjoy their cash, and then advise everyone not to deal with offshoots of ufun.
hello brunei, throw ufun out of your books. like, cancel cancel cancel.
lets have some semblance of logic here.
really, can brunei read??
PLEASE can someone CLARIFY;
Here is what ufun pimps claim;
Please can someone just clarify this
Do you have the web-address to that message?
There’s many different messages out there, trying to recruit people into “something” or trying to sell UTokens.
I found this on Facebook:
You can of course try to bring them into a conflict with each other, by posting “But Utoken Ufun UK posted a different message!”. 🙂
Standard “no true Scotsman” defense, except it’s not based in reality. Just blame “they are not REAL UFUN”, except who’s the judge of who’s “real” and who’s not? It’s what they want to believe.
Since there are no official announcement channels, just various top minions relaying messages allegedly from Tay, all messages are “deniable” (i.e. I don’t believe them, if I don’t want to).
You can pick and choose which ones to believe and which ones not to, depending on your preferences.
And why would you *want* to associate yourself with a company that managed to employ so many scammers, if you believe in the narrative that the company was “ruined by so many scammers”?
Does that not call into questions of all the various co-founders and so on? Does that not call into question the judgement of Tay or whoever the leadership is?
These Utokians are basically choosing to open one eye partway looking at something sideways in order to not see the whole picture.
Then they should be able to prove they are the ‘real’ uFun with verifiable documentation.
They are asking for your money…..THEY have to prove they are legit.
The suspect chart Thai police have repeatedly displayed places Dato Dan at the top of the organization, with his fellow co-founders below him.
The “dodgy employees” were arrested back in April because uFun Club management went into hiding (most fled to Malaysia). Now they’re going after the big boys, and hopefully we’ll learn more when the criminal report is filed today. Failing that then next week (might have to wait for the prosecutors).
this is the suspect chart of ufun which the thai police has displayed:
facebook.com/JusticeAlwaysLate/photos/a.419929838185892.1073741828.419828431529366/453387361506806/?type=1&theater
you can see warren eu, danial tay, general soonpan clearly.
they are definitely not any dodgy employees of ufun but the top management honchos.
i didn’t see this suspect chart before, i’m so so glad to see warren eu at the top.
warren eu has contacts with the son of the malaysian prime minister in ufun and with the son of the sultan of selangor in umatrin.