uFun Club (Unascos) arrests climb to over 70 in August
At the end of last month total uFun Club arrests in Thailand stood at 44, with that number climbing to over 70 this month.
There’s still a week to go, but as it stands the total number of uFun Club arrests in Thailand is seventy three.
The latest saw a couple surrender themselves to police, after having swindled around $1.1 million USD from a hundred or so investors.
Colonel Angkul Klaikleung, deputy chief of the Consumer Protection Police Division, told a press conference yesterday that there had been transactions worth about Bt30 million through Damrongsak Pitisuk and his wife Pornthicha’s bank accounts.
Arrest warrants were issued against them on June 23 for public fraud and transnational crime charges.
The couple allegedly enticed 100 downline members to join the scheme under a network allegedly led by arrested suspect Apichanat Saenkla.
According to the Consumer Protection Board, more arrests are coming as they continue to question those in custody.
An investigator with the Consumer Protection Board, who asked not to be named said, “The investigation into others is still ongoing. Both Damrongsak and Pornthicha will be sent to the Consumer Protection Board head office in Bangkok for further questioning.”
“We are still investigating 100 more cases of people being defrauded through Ufun,” he said.
Having changed the name of uFun Club to Unascos, the scheme’s owners meanwhile continue to operate freely in Malaysia.
Over the last thirty days Unsascos ringleader Daniel Tay has been spotted schmoozing both the Malaysian Deputy Prime-Minister and Indonesian Coordinating Minister for Economic Affairs.
It is believed Tay is strengthening political connections in the event the extent of investment fraud within Unascos is realized. Wherein political favors might then fend off regulatory investigations.
Assistant police chief Suwira Songmetta in June said that the Ufun scam had been plotted in Malaysia and spread to Australia, Britain, China, France, Germany, Guinea, Indonesia, Laos, Malaysia, Singapore, Taiwan, Thailand and the United States.
Despite Thai police estimating investment fraud losses to be over a billion dollars, to date neither Malaysia or Indonesia have confirmed they are investigating Unascos or its owners.