uFun press-conference cancelled. Malayasian regulators?
After touting free airfares and publicly inviting members of the Thai media to attend a uFun Club press-conference today, “abruptly” the event has now been cancelled.
The event, to be held in Kuala Lumper with Daniel Tay (aka Tay Kim Leng) speaking, was supposed to be an opportunity for uFun Club management to prove that uFun Club wasn’t a $1.17 billion dollar Ponzi scheme.
Supposedly at around 3:45am local time this morning, people organizing the event were notified it had been called off.
Malaysian authorities have requested the conference to be put off citing reason of concern.
At the time of publication what those reasons are isn’t clear. But it’s the strongest signal yet that Malaysian authorities are looking to close in on the group of fugitives.
uFun Club executives hiding out in Malaysia currently have warrants for their arrest issued against them in Thailand.
Thai police have now sought cooperation from Malaysian Interpol to help arrest three Malaysian executives of UFun Store for frauds.
One of them is Dato Daniel or Tay Kim Leng or in Thai name as Arthit Pankaew.
Yesterday saw Thai assistant police chief Suwira Songmeta encourage Thai media to attend the conference and take uFun Club up on its offer to fly them out.
Was the suggestion made tongue-in-cheek because Songmeta knew Malaysian authorities were going to shut the event down?
Enquiring minds want to know!
Arrest of Daniel Tay and friends by the end of the week?
of course! songmeta was being sarcastic. he was laughing at danial tays ‘free’ invite to thai press.
like this : ha ha ha
now lets wait for the ‘spin’ explanations, for the cancellation of the Grand Press Conference.
psst, ufun affiliates, who have been stupid enough to book flights to KL, for the 26th Event, cancel now, and save some money.
but what are they waiting for? if the malaysian police has warned tay not to hold his press conference, it means they know where he is. so, why haven’t they arrested him yet?
If that Daniel Tay lawyer letter is to be believed, him lawyering up and the press-conference getting cancelled is too much of a co-incidence.
Cmon Malaysian authorities, play your hand already!
in a previous thai news report, the malaysian authorities had said that they had their own ufun complaints to investigate.
so, i think, even if tay&company are arrested, they will be investigated and tried in malaysia itself. i don’t see them getting extradited to thailand.
meanwhile what’s gonna happen to these poor guys?
ufun affiliates are reporting that there will be a press conference today addressed by danial tay’s lawyer, chandee:
they better not be bullshitting again.
He cannot fool all the people all the time.
Meeting in Malaysia has been reschedule at 5pm Bangkok! Have assigned lawyer from Thailand to handle the case!
basically, danial tay is saying that he is in hiding, that all ufun leaders should stay in hiding, and all ufun members should stay calm, and let them hide in peace.
well, nice to see danial tay took my fashion advice and rejected the golden beacon versace shirts 🙂
seriously, this guy danial tay, does he impress you as being the ‘brain’ behind the ufun scheme.
he doesn’t look particularly sharp to me?
very clever! i think we all have been had by the ‘people organizing the event’.
un named ‘people’ claimed that unknown ‘malaysian authorities’ REQUESTED them to put off the conference.
the real truth will be closer to – now that Tay&Co are aware that malaysian regulators are also tracking them, they have gone underground, appointed a lawyer in thailand, and are getting him to address a press conference in bangkok, thailand.
this helps them ‘keep face’, and gently hint that malaysia doesn’t really have a problem with them at all. they are just cooperating with the Request of ‘malaysian authorities’, by cancelling their press conf there!
malaysian police/regulators should immediately clarify that they have made no such request to postpone the conference. malaysian regulators are being played by danial tay & Co, in my view.
even cleverer! do note, that in his video today, danial tay makes no mention that the press conf in kuala lumpur was cancelled at the behest of ‘malaysian authorities’.
instead he says it will not be appropriate, for him to come in front of the media at this time.
these guys are Cunning!!
So Tay’s done a runner and will only communicate through his lawyer now.
its all over then. no ponzi can run an international business, with management on the run and in hiding.
the fund collection drive by members on FB, hints at money problems too.
now the ‘wait calmly’, ‘payment gateway problem’ and ‘soon soon soon’ hypnosis will start.
i just noticed that the FB pages of jamison palmer, casey tan and jimmy hoh , all fell silent on the 3rd april, 2015.
these guys smelt trouble around then itself, well before the thai raids on 10th april.
they all got out in time, including danial tay and eddy tan etc. clearly soonpan was not kept in the loop, and had to flee on the 10th instant when he heard of the raids.
on 20th april, 2015, jamison palmer released a ‘managing the troops video’, explaining that thailand is just a ‘little country’ that can never shut ufun/utoken down.
1] his argument revolves around the fact that thailand banned bitcoin in 2013, so thailand just does not understand digital currency, and could not stop bitcoin internationally.
2] then he says that the washington post called bitcoin a ponzi scheme, so ha , what’s there to worry about, if piddly little thailand calls the great utoken a pyramid scheme!
3] he doesn’t want members to panic and sell utokens, but instead says they are planning on ‘acquiring’ as many utokens as possible [gentle veiled persuasion]
what jamison palmer Forgot To Tell His Ufun Affiliate Audience:
a] bitcoin is NOT banned in thailand. the bank of thailand issued a cautionary in 2014:
b] the arguments about bitcoin being a ponzi, has many sides, and are based on the intrinsic value of the bitcoin and its retail power. the World Bank has commented that bitcoin is not a ponzi scheme.
utoken is just a widget product sold in a pyramid/ponzi scheme, which has no value outside the scheme. to compare it to bitcoin is just an attempt to give utoken some respectability by association.
we shall have more jamison palmer videos coming out, to talk about this and that, but chiefly to dissuade people from selling their utokens ie demanding their payments.
Well, Jamison Palmer just put up a video telling people not to panic and that everything is just fine and dandy: Odd that he doesn’t sound to convincing or excited with his news no need to panic.