Thailand and Malaysia team up to investigate uFun Club
We’d heard rumblings of a meeting between Thai and Malaysian police supposedly taking place either earlier today or yesterday, but as of yet no further news had materialized.
Speaking to Thai media from the Malaysian embassy in Bangkok, Counselor Fauzi Khan Ismail has announced that Malaysia is finally set to begin investigating uFun Club.
About bloody time!
Thai and Malaysian authorities will work together to investigate the alleged Ponzi scheme run by UFUN.
Fauzi Khan Ismail, a counsellor at the Malaysian Embassy in Bangkok, Friday said the crackdown on the alleged scheme would be a priority in the cooperation between Thai and Malaysian police.
“Both sides will have joint meetings in Phuket between May 11 and 14, with UFUN being a key topic,” he said.
US affiliates earlier this week declared Malaysia had “no problem” with uFun Club.
The welcome news of a Malaysian investigation arrived on the heels of Daniel Tay announcing plans to invest billions of dollars in an Indonesian nickel mine.
In a video published on YouTube, Tay claimed that over the next few years, uFun Club affiliates could expect to share in a profit of around $6 billion USD.
Supposedly that money will be raised by selling the mined nickel to China:
With Tay himself telling viewers uFun Club won’t have to “worry about the buyers”, because “demand of nickel is very high in China”:
The only problem?
Indonesia banned nickel ore exports in early 2014, with the ban still currently in place. Further to that, nickel also dropped to a record 6-year low back in March of this year.
The price of nickel has picked up since then, but it’s still down about 38% from this time last year.
In any event, what with Indonesia now taking the Thai investigation seriously, I think anyone who thinks uFun Club will be around for years to come is pretty delusional at this point.
For now, the mine shown in the uFun Club marketing material appears to be little more than a few paddocks, a shed, some shipping containers and a lone excavator:
Stay tuned…
Update 9th May 2015 – Additional information regarding the joint-investigation from The Nation:
Fauzi Khan Ismail, a counsellor at the Malaysian Embassy in Bangkok, yesterday said the crackdown on the alleged scheme would be a priority in the cooperation between Thai and Malaysian police.
“Both sides will have joint meetings in Phuket between May 11 and 14, with UFUN being a key topic,” he said.
Fauzi yesterday met with a Thai police team, which was formed to deliver help to UFUN’s alleged victims. Also present at the meeting was assistant national police chief Lt-General Suwira Songmetta.
Suwira said Thai police had provided information on suspects to Malaysian police and asked for the neighbouring country’s help in arresting them.
Fauzi said he would urgently forward the information gleaned at yesterday’s meeting to Malaysia’s police chief.
“This is an important issue. Malaysia has a specific law to crack down on Ponzi schemes,” he said.
“Two other suspects wanted by Thai police have already left Malaysia, though,” he said.
He added that of the three Malaysians facing Thai arrest warrants for their alleged role in the scheme, one faced more than 10 charges in Malaysia.
Fauzi said that upon the official request from Thailand, Malaysia would set up a team to investigate UFUN and check its flow of money.
“With that, we can make arrests and order asset seizures,” he said.
Assuming he too doesn’t flee, I’m tipping we’ll see Dato Dan arrested by the end of the month.
Guess the marble quarry ain’t making that much money after all.
congratulations to police lt commissioner suwira songmetta and his team for ‘moving the brick wall’.
but embassy guys are known to be head nodders and balm appliers, what malaysian police does on the ground in malaysia, remains to be seen.
if there is political pressure in malaysia, the police could indulge thailand with a ‘pretend’ investigation, and find themselves incapable of ‘tracking’ down danial tay and other management members.
oh wait! ufun has some ‘grand ceremonies’ planned for the 9th and 10th of may, 2015 [tomorrow and dayafter].
if these functions go ahead, we’ll know malaysian embassy officials in thailand were just making diplomatic noises and pulling wool over the eyes of their thai hosts.
Here’s more of a “cultural note”… There’s a reference on JusticeAlwaysLate that the title “Dato” or “Dato Seri” can sometimes be… obfuscated.
Generally Dato / Dato Seri title is an honorific bestowed by one of the Malaysian royalties. However, apparently there are some Indonesian villages that gave similar honorifics “Datuk”, and scammers sometimes pass off the title as if they are all equal, i.e. get one from Indonesian village, then run off to Malaysia or Thailand and pretend to be Malaysian Dato / Dato S’ri.
en.wikipedia.org/wiki/Datuk
Article updated with additional information pertaining to the joint Thai Malaysian investigation.
In the video around 2.14, Tay did mentioned that processed nickel can be sold for 14000-18000 USD. But indonesia only ban nickel ore export and not processed nickel.
dw.de/indonesian-mineral-export-ban-may-hurt-miners/a-17363016
Unless they’ve got some magical equipment hidden in those rusted out shipping containers, I don’t think they’re going to be processing any ore there anytime soon.
i can help the malaysian police too!
today the euronext pre listing nonsense will be held at the grand ballroom of the KLCC [kuala lumpur convention center] between 12pm – 5pm. danial tay and company should be attending it.
i can even provide a google location of KLCC if anyone needs it?
Wonder if the U.S. gang of four will do an updated video now that this news was announced?
I’m sure the Malaysians will investigate and give UFunClub a clean bill of health. Yeah right. They probably have gone into hiding.
No idea if Dato Dan is going to rock up, but unispace.tv/#player_top (if you get prerecorded footage click the red “live” button on the navbar till you get the live feed)
Somebody tell Unispace the audio on their feed is broken (or is it just me?)
i’m not getting audio either.
Ugh now its ads 24/7… anyway I’ll keep an eye on it. Will be here live till 5pm at least.
I don’t think the Malaysian police will rock up, but hopefully some of the ceremony is in English (they had an English translator woman at the Gateway one).
Interesting, one of the ads is for a “uWay” branded stream box. Wonder if there’s any connection with the MLM opportunity bearing the same name.
Back to the event, still no audio…
Didn’t see Dato Dan’s name on that list. VIPs arrive from 1pm (2 mins).
Lol people running up on stage to take photos with that silly uFun “I’m cupping someone’s balls” hand gesture.
Maybe have to wait for the ceremony to start than will have audio.
The video said that it will take 7years to exploit. LOL
Maybe. The mics on those podiums might be wired in (and switched off till it kicks off).
The ushers have some weird polaroid looking thing on their arms. Surely there’s a less tacky way of identifying staff?
Hotties on stage! Hotties on stage!
but i thought the counselor at the malaysian embassy said he would send ufun information to the malayasian police ‘urgently’.
how urgent is urgent in malaysia. do they have internet or not.
if danial tay doesn’t show up, at least we’ll know the heat is on in malaysia.
Let’s make a game of this, first one to spot the non-Asian in the audience get a high-five!
Feed is down, feed is down!
And we’re back.
i think non asians are giving it a miss this time around! rodney burton is at home selling jetbox!
poor audience strength, no audio and they’re running late.
I keep thinking when it goes down that someone is going to fix the audio… but no. Cmon UniSpace, get your shit together!
AUDIO IS LIVE!
YAY!! audio!!
I think this might just be standby music off a CD till they start (mic check mic check).
Nope. I just briefly heard people talking. We’re hooked in!
Here we go!
Non-Asians in the house!
CONFIRMED DATO DANIEL TAY!
The eagle is in the nest, repeat the eagle is in the nest.
SEAL TEAM 6, GO GO GO!
THERE HE IS DANIAL TAY!
The feed keeps lagging for me.
Also the venue appears to be half empty…
seal team 6 is probably providing security to tay. this is malaysia, dont be confused!
Man we got shafted with the English lady, Chinese-speaking host is so much prettier!
LYN SUMMERS CONFIRMED! (former i2g/g1e investor from Australia who claims to be financial heavy-weight)
Porn music confirmed… waka waka.
Lol @ Walmart and Amazon logos in the background…
IT’S MONKEY MAGIC!
PS. At no time through this coverage do I mean any disrespect to the Malaysian culture, just having some fun… it’s going to be a long afternoon.
Glass-shattering singing aside, this is actually pretty entertaining. I think we just entered the Bollywood interlude…
Bollywood Hindi song NOW!!
Turn those lightbulbs!
OMG come back!
man. i’m just depressed there are no hot male hosts. at least you have a CHOICE!
Come on now, you get the main event, Dato Dan himself.
Those jarhead sidies are to die for!
I believe we’re watching uFun’s planned response to raids of their Malaysia offices next week.
Shields and spears GO GO GO!
(and why is nobody clapping?)
I know that song! They sing it on the Malaysia tourist promos at KL airport!
Malaysia Tourism put this performance together?!
faint clapping. heard it ?
It’s bucketing down rain here so I’m struggling to hear. Might have to plug earphones in… if I keep cranking it up the neighbors might think I’ve invested lol.
WHERE IS LEGOLAS AND THE ELVES? (OTT dramatic music)
Bloody hell, that man/woman thing during the talent promo was scary…
well, they have to crank it up like they’re HBO or something.
hi julie and natalie. oz says hi too !
*makes sure fiance isn’t watching*
NATALIE <3 <3
Somebody tell Dato Dan to sit down yo, we can’t see…
ONE RING TO RULE THEM ALL!
the sand art thingie is nice but Will IT End?
Yeah I’m a bit over it.
This is like watching a WCM777 presentation… cloud computing.. game apps…
Next thing Ming Xu will be stepping out.
No way, that was live? Wow…
THAT HAIR!
Dude, take a moment and fix your toupe!
he needs a hair clip like urgent!
Confirmed: About three people in the room have any idea what this guy is talking about.
Is that guy speaking french?
Yeah. Then it’s being translated into Chinese and English.
This is going to take a while if it’s a long speech.
So this guy is an expert at getting Chinese companies listed on the Paris stock exchange.
Wonder how much Dato Dan is paying him…
Dato Dan gets no airtime? Boooooo!
some sidey french company which helps list companies. represented by a hair flicking guy.IMPRESSIVE!
lol @ music
“when a hard earned thirst needs a big cold beer…”
Lyn Summers gets it.
There’s like 20 people on stage. Not one has anything to do with uFun?
don’t think so. they are representing some local and online businesses, or so it appears.
congratulations all! unispace signed up to get signed up on euronext.
THEY ALL HAVE GLASSES!
Clixster management did a runner…
CONFIRMED: iTourism rep KIDNAPPED BY MALAYSIAN POLICE!
Dato Dan’s gotta be sitting there thinking “where’s the love?”
At this rate nobody’s going to know he was even there. What are they going to spam on their Facebook groups? There’s not even a uFun logo in the background…
ufun?? whats ufun got to do with unispace TV?
why do you think the malaysian police isn’t there? it’s not ufun!!
Would love to know what all those people doing uFun gestures and taking photos before the event are thinking right about now…
Woah, this guy loves his donuts…
UniSpace CEO: “I would like to thank everyone on the planet who isn’t uFun Club.”
what ufun gestures. as you previously noted they were just grabbin’ b….
Drinking game: Take a shot every time he says “okay”, “right” or “y’now”…
I’m starting to think after the Malaysia/Thailand investigation news last night, that Dato Dan has been embargoed from appearing on stage.
okay right i had threes shots already, and y’know i’m Done!
“Blah blah blah we copied YouTube and learned how to stream…”
Lol, “technical difficulties”.
i agreed, if Tay show up on stage, that might drag unispace down
Cmon dude we just saw the video, you can stop talking now!
well he came in with the parade, and everyone knows he’s there.
the ceremony until 5 right? I think it will be a very long speech.
oz, you got caught out! you watch unispace TV in taiwan!
2010 called, they want their streaming technology back…
I was actually surprised that they kept showing Taiwan stuff in the intro. Now apparently with Australia we are UniSpace ground zero!
I have to stop playing too now. My liver is about to give out okay?
I think this is more about marketing UniSpace to uFun affiliates than them investing in UniSpace…
Ufun back in October claimed Uway was a subsidiary company with Kelvin Cho as CEO….then sometime in November Uway rebranded to Unispace…..those Uway boxes were promoted to Asian market.
He really next needs his next own next pointer next next for the slideshow next.
LAAAAAMBADAAAAAA!
eyecandy++
Alright that time I definately didn’t hear any applause.
and now Stephen Speilberg takes to the stage…
hardly, these guys haven’t spent much on choreography. bah.
Nice save by the MC!
If I’m understanding correctly, this movie is about a bunch of guys who “drift” (skid out) in cars?
Sounds totally riveting!
yeah he was a bit of a sad sack.
ponzi money and movies are good friends in india too.
best… movie trailer… ever.
The poor female actor’s face was priceless.
yeah, i’m sure you’ll watch it on your taiwanese unispace TV 🙂
This guy keeps looking over his shoulder like he’s expecting a swat team to jump him at any moment…
o gawd all those small time business invitees are going to speak One By One!! SOS !!
UniSpace Foundaton got a louder applause than the hot dancers… WHAT?!
ponzi people LOOOOVE charity. it saves their souls.
Faaaaark. Somebody play this guy off with music already…
We want Dato Dan on Stage!
When do we want it? NOW!
100,000 MYR = $28,000 USD.
i bet unispace is not a profit making enterprise yet. so who’s money are they giving away in charity?
What the hell of this… somebody choreographed an episode of Glee?
undercover police sketch artist walks on stage…
yeah sooo undercover, we cant tell what the hell he’s doing.
lights, somebody?
He’s not actually painting. His belt is taking photos of the crowd for evidence.
The painting is just misdirection.
AHAHAHAHAHAAHA it’s the toupe guy!
no dato dan !! AWWW
Nooo encore encore!
it was difficult to see the resemblance, but if yall insist…
LOLOLOL As SOON as the event is finished Dato Dan rushes up onto the stage for photos!
The event’s already over Dan, go home!
I hope this is available later for replay as I could not be online as it happened. I need a good laugh and this should give it to me.
Then again I might not want to watch it after the play-by-play review.
So these are the photos we’re going to see spammed everywhere. What a crock, they’re not going to mention they were taken after the event…
I think Dan was waiting to see if any law enforcement showed up before he went onstage. Wouldn’t look good to get arrested in front of everyone, even though I would get a real kick out of it.
so we had a cultural fest, and a signing up with some pissy sidey french company which signs up countries to euronext.
like, if daniel filho signed up a lawyer to help him get form D registration in the US.
yawn. next.
why do you think we sat through the pain in the ass ‘show’. just hoping ‘something’ might happen ! 🙂
Having got his photographs Dato Dan now appears to have gotten quick smart out of there.
Personally I was reasonably entertained. Let’s call it a day on that event and see what next week brings.
Actually this is still quite amusing. Now that everyone important has vacated and gone home, uFun affiliates have taken over the stage for their silly photo ops.
today’s ‘ceremony’ at KLCC was B grade passable and all, but i’m having a tough time getting my mind around the ‘purpose’ of these continuous events ufun is organizing.
1] binapuri is gone, finis, a big fat egg.
2] han bayu marble mining is an enigma, dato dan wont tell anybody which ‘entity’ has purchased ‘what’ there. dato dan wont tell anybody if even a slice of marble has been quarried there, and how much has been sold.
3] the grand nickel mining project turned out to be a open shed and some rusted boxes, with neither a signboard in sight and neither any management of the 19 billion project in sight.
4] mednspa shares, as we know through a public notice, have been bought by dato dan in his personal name.
5] unispace tv which is a subsidiary of ufun is just a fledgling online product which currently has 20,000 subscribers only [if i heard right today]. most subscribers may be ufun members for all we know!
today unispace signed up with an ‘agency’ which helps companies register on euronext, and some sidey exchanges like seychelles etc. for some unfathomable reason, this ‘signing’ required a lot of ‘song and dance’ at the kuala lumpur convention center!
6] ufun is trying very hard to sell the ‘idea’ of its ‘legitimacy’ to its affiliates. none of it’s current wheelings and dealings can PAY member commissions, even 50%.
7] where are the banks supporting ufun, where is the payment processor, who is talking about the ‘Reality’?
8] just because danial tay dressed down today [a bit, his rings were bling!], and tried to merge with the background, does not mean unispace has Nothing to do with ufun, and hence was a separate event, not addressable by the malaysian police.
9] in the face of yesterdays promises made by the malaysian embassy, to the thai police, malaysia as a nation stands Embarrassed. i mean, if malaysia does not back up the public pronouncements of it’s embassies then …
10] shame shame shame?
Thai Authorities have seized a third mansion from top level UFUN Namonpon (sp?). Apparently she bought it under ex-BF’s name, and the ex-BF gave it up (and will not be charged). Victims that came forward has reached about 1000.
Thai police urged people not to attempt to launder assets for UFUN affiliates by taking it under their name by paying pennies on the dollar.
Apparently Namonpon (sp?) had tried to hide her various cars this way. Police promise not to charge any one who come forward now even if they had accepted such.
Here’s some video footage of Counsellor Fauzi Khan Ismail, of the Malaysian embassy in Thailand, speaking to media at the meeting with Thai police:
Thai police hold up photos of the Gateway Klang event in the video, indicating that it’s going to come up in the upcoming meetings between Thai and Malaysian police this week (Monday to Thursday).
Note the BehindMLM screenshot in the above video @ [2:21].
This is shaping up to be an interesting week!
that was very cool. congrats.
this is very confusing, because the malaysian embassy ‘counselor’ has said one thing and the malaysian embassy ‘ambassador’ has said another. hopefully, things should clear up this week.
now26 TV was doing some good english coverage. wonder why they’ve stopped! we want now26 TV .
hey what happened to the mednspa ufun signing ceremony today? this was being advertised by ufun members alongside yesterdays unispace ceremony:
there’s absolutely no reportage on this. was it cancelled? is dato dan getting cold feet?
yesterday saw him taking a back seat, today he prefers staying back at home. is dato dan losing his mojo 🙂
I didn’t even know it was on.
boss it was planned as a two day signing festival, unispace followed by mednspa at the same venue KLCC.
this seems to be a last minute cancellation, and prominent ufun member reporters, are suddenly just ignoring it.
Ah well can’t have been that interesting. If Dato Dan’s friends have left him in Malaysia I think he’s going to spend the next week feeling a bit paranoid.
Not the best time for public “hay guys come and arrest me” appearances.
damn that made me lollerz
It was not canceled, saw some ufun fb group posted photos of medaspa signing ceremony.
They invited Mr bean, wondergirls to perform on stage as well
yes, till the time i checked last evening there was nothing up about the grand mednspa signing. dato dan gave a speech too, i hope he explained the ownership of the mednspa shares.
the latest drivel being promoted by members is about conversion of utokens to investment points in the ‘nickel mine’
so, worthless utokens will be converted to worthless nickel mine shares? i suppose the rusty shed and boxes at the nickel mine venue can be sold to pay ‘rich’ dividends to all share holders!
meanwhile there is no information about the payment gateway which was supposed to go live last week, for the last few weeks.