uFun Club @ BehindMLM

Another four uFun Club investors arrested today, after they were caught trying to launder uFun Ponzi funds out of Thailand and into Malaysia. For whatever reason, it appears Thai uFun affiliates who heavily profited from the scheme believe they’re likely better off in Malaysia.

What happens when a uFun Club investor’s only source of information is the misleading rubbish being fed to them by uFun Club management and top investors? They get on social media and parrot what they’ve been told, rally other uFun Club investors to “rage against the machine”, inadvertently find themselves promoting Ponzi investment fraud in [Continue reading…]

The arrest of Rathawit Thiti-arounwat last month continues to pay off, with two new warrants issued for investors in the “same network” of uFun Club investors. The network refers to the affiliate downline genealogy Thiti-arounwat belonged to which, given the attention its receiving from police, appears to be one of the largest groups promoting uFun Club in Thailand.

A raid on a UDBP Bank branch in Thailand has uncovered that the Vanuatuan institution, who were not registered to operate as a bank in Thailand, was being used by uFun Club to accept deposits directly from Chinese investors. So far it has been uncovered that around 8000 Chinese uFun Club investors had deposited around $8.7 [Continue reading…]

The controversy surrounding Mohd Nazifuddin and uFun Club continues to get stranger, with the latest seeing the Prime Ministers son muddle dates and attempt to divert attention onto Sagajuta management.

Following the announcement yesterday that Daniel Tay, uFun Club’s Marketing Director, was going into hiding, we speculated on where he might flee to. At first glance Vanuatu emerged as a likely candidate, given it’s increasingly looking like uFun Club has laundered millions of dollars through the country’s UDBP Bank. Now new information has emerged, suggesting [Continue reading…]

As the political scandal surrounding the murky connection between Mohd Nazifuddin and uFun Club grows, the latest sees a prominent Malaysian political party call on the government to clear its name.

When Thailand began cracking down on uFun Club, and arrests were made in Thailand and China, it was only a matter of time before those running the scam would either be arrested, or flee. First fleeing Thailand for Malaysia, if a top uFun Club investor is to be believed, senior management are now looking to [Continue reading…]

Far be it from me to be an expert on the inner workings of a police force, but the following seems comically negligent. When asked by Malaysian media about Mohd Nazifuddin’s involvement in uFun Club, Inspector-General of Police Tan Sri Khalid Abu Bakar simply dismissed the issue. Not because Malaysian police had thoroughly investigated Nazifuddin’s involvement [Continue reading…]

After it was revealed that Mohd Nazifuddin had likely profited from uFun Club, he took to Facebook to issue a denial. This was met with the revelation that Nazifuddin was a primary shareholder in Sagajuta, a Malaysian construction uFun Club affiliates first began claiming was working with uFun Club back in 2013. The two companies signed [Continue reading…]