Interpol, FBI to receive uFun Club scammer details
Four more uFun Club scammers were arrested in Thailand are to be arrested later today, but the more pressing news is once again the involvement of international authorities.
Providing an update on the uFun Club criminal case to media in Thailand, yesterday ssistant national police chief Lt-General Suwira Songmetta advised
With 19 fugitives having already fled to other countries, Thai police had information about their crimes and identity translated to English and forwarded to Interpol, the US Federal Bureau of Investigation and police in other countries to locate and extradite them.
It has previously been reported that around ten countries are investigating and assisting Thailand with their criminal case.
Following raids on uFun Club’s Thai offices back in April, uFun Club management largely resurfaced in Malaysia. Since then and now under the brand Unascos, uFun Club management continue to solicit investment in Ponzi points.
Meanwhile with Malaysian authorities continuing to sit on their hands, despite uFun Club seemingly using Malaysian banking channels to launder stolen Ponzi funds, it’s increasingly looking like rounding up uFun Club insiders there will be left to Interpol.
BehindMLM first reported FBI involvement in the case last month. The extent to which the agency is involved and investigating uFun Club however remains unclear.
Naturally being a regulatory investigation there’s no timeframe for what happens after Interpol, the FBI and authorities elsewhere receive English translations from Thai police, but I’d be surprised if we didn’t hear anything further by the end of the month (or early next month at the latest).
Suwira said nine police teams, totalling 150 officers, were hunting for 110 fugitives and their assets. He warned that people who help suspects to conceal assets would also be subject to legal action.
The leg work has already been done, now it should just be a matter of rounding up those wanted and extraditing them.
The only possible holdup I can think of might be an investigation on a local level, to determine the extent to which fraud might have been committed in home-soil (the US and Australia stand out in this regard).
Should authorities proceed with their own investigations, we might see a delay in the Thai case as those responsible are held accountable locally.
Two recent examples of this happening are the arrests of Nicolas Giannos in Samoa and Tiago Fontoura in Tunisia, both in connection with Ponzi fraud.
Stay tuned…
Any news on the names of these scammers ?. Hope Casey Tan, is among them.
I’m thinking we’ll probably have to wait for arrests for names.
Ayshez Shiekh another one!
@ Warrior
Both Ayshez Shiekh, his wife, and Casey Tan, have made millions from this scam.
Authorities around the world are investigating uFun Club and inch closer to holding those responsible accountable.
Meanwhile in Malaysia…
The Rakyat Post publish a Unascos marketing press-release dressed up as “news”.
bm.therakyatpost.com/berita/2015/07/14/tidak-kenal-anak-najib-anggap-fitnah-ujian-tuhan-danial-tay/
Why isn’t anyone asking Malaysian police why they aren’t doing anything?
Y’know… sedition.
—>are you believe authorities around the world are investigating uFun Club?
Previous post on the FBI will assist Thai to hunt the general soonpan, end up? no stories. Base on FBI capability, will they taking that long period to hunt 1 man? Forget it la bro.
No authorities is assisting in this case, they are only entertaining thai police. Even chinese authority also not bother the case. So far the worst i can see is Ufun will ban in Thai.
Regulatory agencies, especially where international cooperation is involved isn’t a zero-day process.
It’d be nice if it was but these things take time even under the best of circumstances.
What with Malaysia doing nothing and allowing fraudsters to continue to orchestrate their $1.17 billion Ponzi scheme, things take even longer.
I mean really, do you think Dato Dan and the gang are going to get anything off the ground outside of Malaysia? An IPO in Australia (only because the UK began investigating)? Riiiiiiight.
Malaysian protection of uFun/Unascos doesn’t extend outside of their borders. Meanwhile complaints from investors on social media continue to roll in.
Turns out assigning imaginary value to points and having your top investors blast it all over social media isn’t working… whodathunkit?
if ‘dr’ daniel tay wants to blabber about ‘karma’ he should know karma is going to kick his ass.
handing over checks for charity and painting a halo over his own head can fool the raykat post, but karma is a bi**h.
karma starts with ‘intention’, and is created by harmonious integrity of intention [thoughts], words and action.
running a ponzi scheme and hiding behind lying words and false actions, will firmly seat his ass in karma hell.
Pretty understand, but do you think FBI will assist since their country is full of this kind of shit.
I mean really, do you think Dato Dan and the gang are going to get anything off the ground outside of Malaysia? An IPO in Australia (only because the UK began investigating)? Riiiiiiight.
Honest speaking Unascos now is getting hot again in the market. Really unbelieveable.
Not from thai for sure, other country it could be. Especially China market. If im not wrong previously ufun had announce the IPO will be either aussie or UK, depend on which will go early. I believe if stick with launch in UK it might be take extra time thats why now go for aussie.
There’s currently only one Ponzi points cryptocurrency operating in the US that I know of (USFIA).
uFun Club/Unascos never took off in the US, so assistance is likely only going to be logistical.
Other countries however are unlikely to ignore a $1.17 billion Ponzi scheme trying to set up shop in their backyard. That’s why Unascos has no presence outside of Malaysia.
Not really. Promotion is zero, info is circulated under a veil of secrecy and withdrawals through the system are non-existent.
The only people making money are top investors dumping points on unsuspecting victims for money.
China has already made a bunch of arrests and seized millons. Unascos can’t openly promote itself there or hold events.
That’s why you’ll only see them promote third-party events. They’re trying to create the illusion of activity by association with completely unrelated entities.
I will be personally contacting the National Crime Agency in the comming weeks, Sheikh must be bought to justice for his actions!
Isn’t that “General” still in the US and never went back?
To the best of my knowledge. I haven’t heard anything further as to whether he was picked up in the US, fled the country or was extradited back to Thailand.
If the latter occurred I think we’d have heard about it.
@ Warrior
Don’t forget to mention also to the NCA, his partner in crime Casey Tan.
People keep calling him Ayshez Sheikh (as on Facebook) but his real name appears to be “Sheharyar Sheikh”
See here for more info:
endole.co.uk/company/09445971/utrade-global-ltd
endole.co.uk/profile/2113245/sheharyar-sheikh
domainsigma.com/whois/ufunclub.co.uk
It would appear that many UFun members, who were previously devoted to UFun, are now getting angry on facebook, due to the lack of updates for over a month.
jason banyagan top ufun recruiter from philippines, has been giving regular updates about ‘something’ which appears to be increasing in value on a daily basis.
i thought utokens were converted to pre IPO shares, and the IPO’s haven’t launched yet, so What is this strange ‘price point’ which keeps going up and up miraculously?!
jason bangayan further testifies:
it’s either magic, or bangayan is a crazy crackpot.
I believe it’s separate Unascos points. They basically started uTokens again as Unascos points…
People are pissed because their worthless uTokens were converted into worthless IPO points (they weren’t rolled into Unascos).
Or, he’s a ponzi pimp doing what ponzi pimps do.
Which entails saying and doing whatever is required to get money out of peoples’ pockets and bank accounts.
I found this picture by a UNASCOS affiliate that advertises what UMC (Unascos Multi Credit) is:
i.imgur.com/8YX2VYz.jpg
It does indeed look like a complete replacement for Utokens as the price is going up in the same way.
Read a rather subdued update today (first, in a long time) on facebook, from Sheharyar Sheikh (Ayshez Sheikh).
Seems the long delay, is due to family problems, but bye the tone of his message, he implies he is taking a back seat, and is not going to play an active part of the ‘new branded’ UFun/UNASCOS system’.
My feeling is he can see what’s coming,and want’s to get out before ‘the sh*t hits the fan’.
Family health problems is straight of Ponzi scamming 101. It’s so frequently used it has its own section in the foreword.
And yet Sheharyar Sheikh thinks he can keep other peoples money and live happily ever after?
What about the family problems caused by him and other UFUN/UNASCOS affiliates because they ripped off their victims and are refusing to give them their money back?
I doubt Sheikh’s victims will sit back and let him keep their money because he is saying he has family problems.
Perhaps Sheikh’s victims should find a place online to gather and plan together about what to do by law of the country. I think victims of other UFUN/UNASCOS affiliates should do the same. There is power in numbers.
@ M Watkins
Only wish it could happen, but I doubt it, seeing the many messages of goodwill (not one critical comment) Sheikh received, after posting his update.
It would appear many members of UFun/UNASCO are so gullible, and can’t see what’s going on with these bunch of crooks.
I fear that Sheikh, and his accomplices will get away with this, and that the victims will never get any of their money refunded.
Most investors are probably still calm because they are waiting for the supposed opening of the UNASCOS Australian office and then the nickel mine pre-ipo.
The denial will quickly turn to anger once the promises from the affiliates don’t come to pass.
I suppose that’s one of the benefits of open-ended promises.
Technically you can claim they were never broken.
At least Thailand police still ongoing in their quest to eradicate UFUN.
Another 3 arrested:
englishnews.thaipbs.or.th/three-more-suspects-in-ufun-pyramid-scheme-arrested
According to ‘our friend’ Sheikh, it could take between 9 to 12 months for the nickel mine IPO to take place. But he says he’s willing to wait.
That is assuming UFun/UNASCO are still around, and he and his fellow crooks have not been arrested.
Justice Always Late are reporting that someone representing Malaysian authorities just returned from Bangkok.
Apparently Malaysian police are still refusing to arrest uFun Club executives (nothing suss):
facebook.com/JusticeAlwaysLate/photos/a.419929838185892.1073741828.419828431529366/464535273725348/?type=1
I haven’t seen details in English so can’t confirm this any further yet.
Malaysan police must follow interpol. Or not? If not the scam grooves to sky high!
Malaysian police right now is busy chasing after the phantom informants revealing 1MDB fraud to the public, because the PM and biz heads claimed they’re being blackmailed.
They rather not deal with UFUN esp. when Tay was seen giving money to the Interior Minister.
malaysan police looks like a joke for me!