300,000 page uFun Club police report finalized
After a series of delays, news today that the Thai police investigation into uFun Club is now complete.
The report has been finalized and will be handed in to the Public Prosecutor’s Office later today (Tuesday 23rd June).
The report was expected to be handed in yesterday (Monday), but it appears police were still finishing up the 300,000 page report.
More than 300 police officers handled the paperwork in the investigation along with checking out 411 money transactions and 36,063 documents implicating wrongdoers.
140 assets have been seized – the greatest amount in police history that includes overseas investigations into transnational crime.
That was in addition to the nine teams of police detectives that interviewed and compiled evidence from 307 commercial bank staff, 20 state officials, three experts and 43 people who had firsthand accounts of the wrongdoings.
All in all the Thai police investigation has resulted in arrest warrants issued against 164 uFun Club executives and top investors.
’30 (suspects are) in custody, 110 (are) on the run in Thailand and 20 (are) on the run abroad’, chief investigator Lt-General Suwira Songmetta told Thai media at a press-conference yesterday.
The filing of the Thai police report with Public Prosecutors has been long anticipated, as it means indictments are soon to follow.
The police investigation into alleged pyramid scheme operator U-Fun will be forwarded to prosecutors tomorrow for the issuing of indictments.
Police would pursue suspects on the run in and outside Thailand, Suwira said.
Whether or not we’ll get a list of the 20 suspects on the run outside of Thailand is as of yet unclear. Ditto what indictments and extradition of suspects to Thailand will mean for uFun Club’s reboot as Unascos.
Hopefully we’ll know if there’s any Australians or Americans on the wanted list by the end of the week.
Although I have no idea how long it’s going to take Thai prosecutors to go through a 300,000 page report…
Screw the nickle mine maybe the next “pre IPO” will be a paper mill.
the actual ‘chargesheet’ may be only a few hundred pages long.
the rest is seams and seams of bank documentation and pamphlets and statements etc, which do not take that much time to go through.
the above is based on how chargesheets work in india, but i don’t think thailand will be much different.
it may take a couple of months for the prosecution to go through it, but not years. i hope this is comforting 🙂
How strange, Rodney “uFunClubGlobalAmbassador” Burton appears to have deleted his Facebook account sometime over the last 12 hrs…
edit: Even stranger, it’s back now.
Oz: Now you’ve done it. You’ve made Lyn Summers mad and she has her attorneys working on filing a lawsuit against you. Here’s what she posted:
Don’t you just love the “I’m just an investor” claim! I can’t stop laughing at that comment.
Memo to Lyn: the only one destroying your credibility is you, and you’re doing a really great job of it too!
Yep, she has lots to prove that she is “just” an invester. Lots of luck on that one. Ha!
That’s probably caused by that “Grandma” comment from Anjali. 🙂
If Lyn Summers is just an investor, why does she have Multi Nasco in Australia registered in her name with the address of her family farm?
Legally speaking, at the very least Lyn Summers is a uFun Club insider. At worse she’s not being upfront about the extent of her involvement.
if multi nasco, which is registered to lyn summers, is the platform for getting the alleged nickel mine listed on the australian stock market for an IPO, then summers will become part of the management of ufun/uotken/unascom and not merely an insider.
from being a mere net winner investor/top affiliate, who can be held liable for clawback, she will become a co conspirator in the criminal enterprise of ufun.
IIRC she has said in a video/post that she would be helping to get the nickel mine listed in australia, and multi nasco could definitely have been registered for that purpose.
lyn summers is digging her own grave and shouldn’t rant and rave when we kindly point that out to her.
As of 23rd June, Lyn Summers’ Multi Nasco has a registered .com.au domain.
Also registered privately on the same day was “unascos-scam.net”, “unascos-scam.org” and “unascos-scam.com”. All three use the same Crazy Domain name-servers as the Multi-Nasco domain.
What’s the bet Summers owns those too?
Edit: Also registered on June 23rd through Crazy Domains:
“multinasco.info” (registered to Stockcourse Pty Ltd) and
“multinasco.org” (registered to Stockcourse Pty Ltd)
Lyn Summers is the only person featured on the “about us” page of the Stock Course website (ABN: 13 097 760 819).
Stock Course PTY LTD website domain registration was set to private in November 2014. Prior to that Lyn Summers was listed as the owner:
Lyn Summers LinkedIn:
Stock Course website was live yesterday, but is now offline (not sure if that’s permanent or just temporary).
But uh yeah, Lyn Summers is just another ordinary investor in uFun Club. Move along, nothing to see here.
I am an investor in the USA who was ripped off by Ufun for $6K. I am trying to find out what is going on with any criminal lawsuits against them.
I am interested joining in any investigations or lawsuits and know of others who would like to do the same. Please let me know if you have any pertinent info.
We have 94 articles related to Ufun Club / Utoken / Unascos / Umatrin / organizers.
First and last page, “newest first”:
Most of the action took place in Thailand when Ufun Club was shut down on April 10 2015. The main organizers fled to Malaysia, a “safe haven” for Ponzi organizers (if they have the right connections). The story didn’t get the same attention locally in Malaysia, it was over-shadowed by local corruption stories around “1MBD” and the Malaysian Prime Minister.
The situation in Malaysia received a lot of focus here in April and May 2015. The local story in Samoa received some focus.
The activity in western countries was relatively low. A few promoters from the U.S. were relatively visible in April and May.
There’s too many “news stories” related to other countries = relevant only as background information.
* The police forces in Thailand have handled the most major parts of the case, partly in co-operation with a few other countries.
* The court system in Samoa has handled a minor part of the case.
Some remaining parts of the network were reorganized as Unascos. I believe Utokens were converted to “shares”.