uFun Club Ponzi boss poses with Malaysian Deputy PM

10 Comments on “uFun Club Ponzi boss poses with Malaysian Deputy PM”

#1

anjali

Jul 30th, 2015 at 1:57 pm  anjali(Q)

oz: The latest effort has seen a promotional video showing uFun Club ringleader Eddy Tan, donating a “mock check” for 70,000 MYR ($18,300 USD) to a local charity.

according to the video posted eddy tan of ufun/unascos donated the mock cheque to ‘puteri UMNO’ which is the youth wing of prime minister najib razak’s UMNO political party.

at this stage, it is not plausible to believe that UMNO is not aware of the links alleged between najib’s son nazifuddin, and ufun/unascos.

inspite of this, puteri UMNO is publicly hobnobbing with ufun/unascos and this just shows that the links are real.

it seems malaysia wears its corruption on its sleeve like a badge of power.



#2

Albert

Jul 30th, 2015 at 7:34 pm  Albert(Q)

Somethings are very rotten in Malaysa!



#3

lb

Jul 31st, 2015 at 5:06 am  lb(Q)

This one has been truly fascinating to watch unfold.

Seems like this one will continue to reboot and allow the heads to keep raking in cash.

When and if it comes crashing down, and pockets stop being lined – only then will Dato Dan and the rest of his clan be thrown to the wolves, with some lame excuse of “we had no idea”



#4

Albert

Jul 31st, 2015 at 5:59 am  Albert(Q)

Do they not have a strong oposition i Malysa that can handle things like this?

Most be some strong man who are not affraid of the shady power in ther homeland, because this a scam for thr country!



#5

K Chang

Jul 31st, 2015 at 6:42 am  K Chang(Q)

Tay doesn’t have enough $$$ to keep feeding the corrupt. 1MDB is bigger than UFUN / U-whatever, and it has official government support.

When time comes Tay is going to be the official scapegoat for everything that’s wrong in Malaysia and be rolled under the bus. PM and his kid aren’t going to stand by and get railroaded by public opinion.

Tay thinks he’s buying influence. He’s buying his own rope to be tied with.



#6

Albert

Jul 31st, 2015 at 9:41 pm  Albert(Q)

He dont need to buy, he can get one from me for free.



#7

warrior

Jul 31st, 2015 at 11:46 pm  warrior(Q)

Arrest Sheikh!!!



#8

M Norway

Jul 22nd, 2016 at 12:04 am  M Norway(Q)

The Malaysian PM and several others have no been indicted by DOJ for money laundering, theft, etc.

(Sarawak Report)
sarawakreport.org/2016/07/caught-red-handed-by-the-fbi-pm-najib-razak-malaysian-official-number-1-is-fingered-by-the-doj/

Full indictment at the bottom of that article.

It’s not directly related to Ufun / Utoken, but it may explain why Malaysia was a “safe haven” for Ufun organizers.



#9

M Norway

Jul 22nd, 2016 at 2:54 am  M Norway(Q)

M Norway:
The Malaysian PM and several others have no been indicted by DOJ for money laundering, theft, etc.

That description was incorrect. It was a forfeiture indictment against property in rem.

NATURE OF THE ACTION

5. This is a civil action in rem to forfeit assets involved in and traceable to an international conspiracy to launder money misappropriated from 1Malaysia Development Berhad (“1MDB”), a strategic investment and development company

The defendant is “Wolf of Wall Street”.

PERSONS AND ENTITIES

1. The plaintiff is the United States of America.

2. The defendant in this action is “The Wolf of Wall Street” Motion Picture, Including any Rights to Profits, Royalties and Distribution Proceeds owed to Red Granite Pictures, Inc. or its Affiliates and/or Assigns, (hereinafter, the “Defendant Asset”), more particularly described in Attachment A.

3. The Defendant Asset is held by Red Granite Pictures, Inc. The persons and entities whose interests may be affected by this action are listed in Attachment A.

The Malaysian PM is listed under BACKGROUND: RELEVANT INDIVIDUALS AND ENTITIES

28. MALAYSIAN OFFICIAL 1 is a high-ranking official in the Malaysian government who also held a position of authority with 1MDB. During all times relevant to the Complaint, MALAYSIAN OFFICIAL 1 was a “public official” as that term is used in 18 U.S.C. § 1956(c)(7)(B)(iv) and a “public servant” as that term is used in Section 21 of the Malaysian Penal Code.



#10

Oz

Jul 22nd, 2016 at 10:04 am  Oz(Q)

I saw some news yesterday about the DOJ going after 1MDB funds illegally laundered through the US and some other countries.

My remarks will focus on the allegations in the complaint involving two bond offerings in 2012 through which 1MDB (1Malaysia Development Berhad) raised money that was siphoned off by the corrupt officials and their associates.

The stated purpose of the 2012 bond offerings was to allow 1MDB to invest, for the benefit of the Malaysian government, in certain energy assets. But almost immediately after receiving the proceeds of these two bond issues, roughly 40 percent of the funds raised—approximately $1.37 billion—was transferred out of 1MDB’s accounts.

The money went into the Swiss bank account of a shell company incorporated in the British Virgin Islands. The complaint alleges that the name of this shell company was intended to suggest an affiliation with a legitimate company involved in the bond offering but, in fact, the Swiss bank account was controlled by corrupt officials.

Probably some dirty laundry will be aired as that investigation progresses. Not that it would matter locally, Malaysia seems to be corrupt beyond redemption under its current government.