17 new uFun Club Ponzi arrests in Thailand
Recently it seems a year of uFun Club investigation and arrests had died down in Thailand. Here at BehindMLM our last story was “uFun Club scammers plead not guilty in Thailand“, published a few months ago in September.
Thai police have continued to work the case behind the scenes however, with the latest round of arrests scalping a former politician.
Charges were filed against the suspects on December 23rd, with police making arrests later in the day.
The cases were referred to the Office of the Attorney-General’s Criminal Case director-general Natthajak Patamasingh na Ayudhya, for consideration for indictment.
To date some thirty uFun Club scammers in Thailand have been indicted, with Thai police having made ninety-four arrests thus far.
The 17 suspects face loan and public fraud charges, punishable by 5-10 years in jail and/or Bt500,000-Bt1 million in fine; and a transnational criminal organisation offence, punishable by 4-15 years in prison and/or Bt80,000-Bt300,000 in fines, among other related charges.
The politician identified in the latest batch of arrests is Sirichok Siriwannapa, ‘a former member of the Chart Thai Pattana Party‘.
Of particular note in The Nation’s coverage of the arrests is what I believe is a reference to Unascos and Malaysia.
Suwira revealed police found some suspects had set up a similar business scheme in a neighbouring country and authorities there had been alerted.
So far, police had information about the whereabouts of 27 fugitives and were proceeding with their extradition, he added.
Following initial arrests by Thai police of uFun Club suspects back in April, most of the scheme’s management and non-Thai investors fled to Malaysia.
From there the ringleaders launched Unascos, a re-imagining of the uFun Club Ponzi scheme.
To date Malaysian authorities have failed to take any action against Unascos or the former uFun Club executives that run it.
Unascos itself appears to be floundering, with investors continually promised ROIs that never eventuate. Unascos investors meanwhile flood social media with endless ribbon-cutting ceremonies and photos of sparsely populated Unascos seminars.
In related Thai uFun Club news, several investors have recently filed complaints against their lawyers.
Touting connections to ‘officials in the justice process, including prosecutors‘, it appears various lawyers preyed on uFun Club victims by representing they could secure a bail release.
Upon arrest however,
people in that (legal) office did nothing to help him out and refused to return the money.
One individual, Jirawat Saenkla, claims to have paid a lawyer 2.5 million baht ($69,697 USD). Saenkla also claims he knows
other suspects in the Ufun case had been similarly cheated and the amount of money they paid could total around 40-50 million baht. ($1.1 to $1.39 million USD)
At the time of publication no action has been taken against the purportedly dirty lawyers, with police continuing to investigate.
Looking forward it’ll be interesting to see if Thai police extradition requests finally go somewhere. Ditto if authorities move in on Unascos.
My wife phoned the OCPB (Office for the Consumer Protection Board)Bangkok last week, as there seemed to be nothing happening re the UFun court case.
The officer told my wife it will take some time as they are still collecting evidence, but he is confident everyone who has filed a complaint against UFun, will be reimbursed, if the court finds UFun guilty.
I’m still hopeful this will happen, especially when they are arresting Politicians, and Business men.
Things must be getting desperate with Unascos. Casey Tan has posted this yesterday (word for word).
Looks like the funds are drying up, need to find other mugs to invest.
Prediction: A stage, more ribbon cutting, plenty of photo ops of Daniel Tay sitting front row in designated VIP lounges (cronies flanking him on either side), random affiliates sitting in awe, lots of clapping and then back to square 1 (“where’s our money?”) in a few weeks.
Reborn? Wasn’t it born this year?
malaysia is just going to say – what ufun? what unascos? our people have no complaints! our people just looove handing over money to daniel tay, who in turn hands it over to our politicians and businessmen, so that they can build huge shopping complexes and hotels. this is all for the development of malaysia you see! so shaddap and mind your own business!
World’s first born-again Ponzi?
Malaysan justice play in another division than rest of the word. Good to know!
Sorry for bad spelling, but I get upset of the scammers that hide out in Malaysa. People that scam poor people should not have a place in this world. Only can hope that justice winn in the end.
I have seem Facebook posts with Casey Tan promoting MMM Global. Jumping from one ponzi onto another.
I am shocked! Shocked I tell you. I just went to the Unascos website and checked under media to see all the pictures of the big rebirth of Unascos, and not one picture or information of any kind.
Of course there is isn’t any information about their “experienced and world class management team there either, or anything of substance.
Anyone have any information about this great event? I was expecting pictures, videos, the whole works and zip, nada, zilch, zero, nothing.
justice always late on FB, has published this photo of daniel tay shaking hands with malaysian prime minister najib razak around jan 16, 2016:
and here is a recent photo of ufun top promoter and now unascos promoter, casey tan with daniel tay :
If not through political connections, how does someone like Tay shake hands with the Prime Minister of Malaysia?
Therein lies the reason no regulatory action has taken place against uFun Club or Unascos in Malaysia.
Malyasan pm have one billion dollar in bank acaunt. But that was a gift from saudiarabias kings family. but he said he send the money back?
Hope I get a gift to from that family! Pitty Malaysan people with leaders like that.
We haven’t heard until today anymore about UFUN/UNASCOS case, we are still hoping to get our hard earned money back to us. we need justice for all the victims.