uFun Club Samoan trial witness caught out lying

6 Comments on “uFun Club Samoan trial witness caught out lying”

#1

anjali

Sep 3rd, 2015 at 11:15 am  anjali(Q)

oz: Slow as quadriplegic turtle, the Samoan uFun Club trial continues…

well boss, your prose is painting some sharp visual images in my mind.

a slow quadriplegic turtle indeed! 🙂

could this be our above described turtle?

cliparthut.com/clip-arts/302/slow-turtle-cartoon-302217.png



#2

K Chang

Sep 16th, 2015 at 3:33 am  K Chang(Q)

JusticeAlwaysLate dug us up report that UFUN arrests has reached China.

chinanews.com/sh/2015/09-13/7520890.shtml (in Chinese)

Nanjing 13-SEP-2015 / JiangSu province LianYunGang Police announced via press conference that it has destroyed a new pyramid selling scam that originated from outside China using virtual currency as cover, and arrested Thai UFUN group local leader Malaysian national “Lee”, as well as 12 other high level leaders. THe scam had spread to 23 other countries and possibly 220K victims. Large amount of ATM card, “U shield” tokens, computers have been confiscated for evidence.

(I’ll translate the rest later)



#3

K Chang

Sep 16th, 2015 at 1:19 pm  K Chang(Q)

TITLE: Police in China and Thailand Collaborated to Break New Internet-based Pyramid Selling Scam

continued:

In Sep-2014, Lianyungang police found clues that Wang, et al, resident of the city, using Internet to invest in Thailand’s UFUN group virtual currency UToken, but only in name. In reality recruited many downlines to conduct pyramid selling. Police followed the leads and uncovered huge fund transfer system in place.

This new Internet Pyramid Scheme involving foreign nationals/entities used so-called UToken trading, involving 220K registered members in 23 countries, involving amount of 500 million RMB (78.5 million USD). Thirty-one provinces in China are involved with 36000 registered members.

Since, 2014, Thai UFUN group built many pyramid selling websites outside of China, to conduct pyramid selling criminal activities in China under the guise of investing in virtual currency UToken.

The organization claimed online that investments in UToken can yield tremendous profits, and registered members who handed over anywhere between 500 USD to 50K USD to register as members, to obtain 1star member up to 5star member, and create genealogy based on joining order, and give out referral bonuses, matching bonuses, leadership bonuses, and so on, to encourage downlines to continue recruiting more downlines to enhance their profit.

Liangyungang police started traveling to over a dozen cities since April 2015 for trips over 15K miles and checked into over 2600 bank accounts, even consumed 150 KG of paper for the evidence and reports, but have secured how the affected funds have been moved, basics of the accounts, and the suspects involved.

This case was on top of Thai Police list. On April 8th, Thai police agreed to arrested the group’s 17 suspects. Eight has been arrested thus far, including bank heads Mr. Li and Mr. Young that was supposed to have provided financial guarantees.



#4

anjali

Sep 16th, 2015 at 1:28 pm  anjali(Q)

K Chang: JusticeAlwaysLate dug us up report that UFUN arrests has reached China.

arresting the low hanging fruit, can help stop the recruitment for a while.

but as long as danial tay is safe with political protection in malaysia, and now indonesia, he can just grow new scams like unascos. what does he care about ufun and china?



#5

Oz

Sep 16th, 2015 at 4:51 pm  Oz(Q)

Am I wrong or is the article rehashing the existing Chinese arrests?



#6

K Chang

Sep 16th, 2015 at 5:48 pm  K Chang(Q)

It offered up a few more details, but it does read about the same as the article you put up back in May.