uFun Club delay Unascos Australia opening gala
A few weeks ago information surfaced about an upcoming Unascos opening gala, to be held in Melbourne, Australia on August 1st. A “signing ceremony” for an unnamed Australian nickel mine was also advertised to take place the day after.
The announcement, purportedly from uFun Club management, was billed as an “Incentive Australia Trip“.
Originally planned to take place between July 31st and August the 4th, a new communication advises a delay until October.
Dated the 1st of July and appearing online only a few hours ago, the announcement reads:
ANNOUNCEMENT: POSTPONEMENT OF THE AUSTRALIA TRIP 01/07/2015
We regret to inform you that the Australia Incentive Trip originally scheduled for July 31st to August 4th, 2015 is now postponed to October 2015. Details of the trip will be provided at a later date.
Due to several reasons, the Company has to delay the trip to a further date so that we can ensure a better, well-planned and organized trip for you in Australia. We apologize for any inconvenience caused.
Thank you for your patience and understanding.
We Make You Our Priority
The Management
As above, no specific reason is cited for the delay – with investors once again left in the dark.
uFun Club meanwhile is the subject of multiple regulatory investigations. Australia in particular was named as a country said to be investigating the scheme in early June.
Thai police are leading the uFun Club investigation, announcing last month that they are working closely with their counterparts in ‘13 countries in Africa, Asia, North America, Australia and Europe’.
Thai police submitted a criminal case report last Friday, with Public Prosecutors now going over the evidence. An announcement detailing formal criminal charges against uFun Club management is expected any day now.
Whether or not the uFun Club Australian gala takes place in October or otherwise, remains to be seen.
Typical HYIP grandiosity colliding with an unstated reality.
With AdSurfDaily in 2008, it wasn’t an “opening gala.” Rather, it was a purported “million person march” in Washington, D.C., to show support for accused ASD Ponzi schemer Andy Bowdoin after he stole $119 million.
They bizarrely arranged the purported march when Congress was on holiday recess — and that’s who they wanted to impress.
No one at ASD arranged for a parade permit or rest facilities to accommodate such a purportedly huge crowd. It was just a wild fantasy that they could put two million boots on the ground.
I’m wondering what Unascos failed to arrange in Melbourne, the capital city of Victoria.
PPBlog
i think unascos is just shit scared to bring it’s ponzi people to australia.
god knows what ‘arrangements’ will await them there!
this also tells us lyn summers has not been able to swing any IPO listing in australia yet.
@PP
The thing though is it’s not even a last minute cancellation. The event was slated for the end of July, a month away – and it’s been postponed a month after that (no set date tells us it’s a tentative schedule now).
If it was just a logistical matter, surely they could sort things out in a month and still hold the event as originally planned?
it’s not a logistical matter at all, they’re watching the situation in australia.
the pre information of delay, may be to warn off investors from booking their flight tickets and pre planning their work schedules . why setup the few supportive investors which are left, for last minute disappointment?
As you are aware, the HYIP world — perhaps especially now the “digital currency” underbelly — dials up the criminality as it chugs along and then manufactures new and better ways to steal.
At its core, UFun is a crowdfunded, transnational offering fraud that is relying on money mules (local faces) to cherry-pick certain geographical areas to keep the cash flowing. The Thai police have arrested some of those mules. Others have ducked into Malaysia or elsewhere.
Here’s betting there are mules in the United States who are quite worried right now. Some got duped into being wire fraudsters and money-launderers. Others were mules by silent consent.
With respect to Unascos and the on-and-off Melbourne event: Under the standard rules of HYIP grandiosity, announcements get “unannounced” all the time. After that, there may be a “reannouncement” that is even bigger than the original announcement.
With the AdViewGlobal scheme, some of the reannouncements got unannounced. These were couched as “growing pains.”
What really happened was that Ponzi had crumbled from within. The U.S. government was on to AVG’s game and did not have to act fast. Agents quietly observed. Then they quietly hamstrung some of the players while seizing some of the communications between AVG silent partner Andy Bowdoin of AdSurfDaily and some of his scheme-chasing coconspirators.
One of the seized communications talked about a Swiss bank account. Bowdoin was using a Hushmail account.
The cross-border nature of Unascos alone very well might make the government of Australia wary in this day and age. No one in Unascos should be confident about anything.
On a side note, I checked with the FBI on June 4 to see if the agency would confirm reports in Thai media that said the FBI was involved in the UFunClub probe.
On June 5, the FBI responded by saying “It is the policy of the FBI to neither confirm nor deny the existence of investigations.”
Such responses are delightfully ambiguous.
It does not appear to be a good time to pitch cross-border schemes and then to rechannel such schemes into other sovereign nations and to infect them.
Seems to me the United States sent an unmistakable message in the manner in which it pursued Zeek and TelexFree and that certain MLMers want to ignore that message.
They do so at their own peril.
PPBlog
P.S. AVG communications were signed vacuously as “Management” — just like Unascos. Imagine that! No one wants to take credit for the heist.
jason bangayan, top philippines recruiter of ufun, was in malaysia for the past few days, and has returned with this smashing good news:
cant wait!
No it won’t – https://behindmlm.com/companies/ufun-club/164-indictments-in-thai-ufun-club-ponzi-case/
Soon? Still waiting for the defense team, if they exist!
Been very qiute from jason bangayon. Has everyone go under ground, because I never heard anything from them, maybe they still working with the copper mines and chines shopping center.