uFun Club criminal case to have four components

ufunclub-logoYesterday saw Thai police close off the window in which uFun Club victims could file complaints, with the last few days seeing the number of individual investors with claims top two thousand plus.

Combined, uFun Club victims in Thailand are claiming $8.5 million USD in losses.

The above was revealed yesterday at a press-conference held by police, with police chief Pol Lt-General Suwira Songmetta also providing details on the upcoming regulatory cases. [Continue reading…]


WeShare Crowdfunding Review: Gold Crowdfunding reboot

weshare-crowdfunding-logoWeShare Crowdfunding (stylized as “We$hare Crowdfunding”) identify James C. Hill as the company’s Founder.

Under the pseudonym “J.C.”, Hill was named a “principal” of OneX by the SEC back in 2012.

james-c-hill-founder-president-gold-crowdfundingOneX was a matrix-based pyramid scheme which fed participants into QLXchange, a shady investment feeder scheme.

Last year Hill (right) launched Gold Crowdfunding, which WeShare Crowdfunding appears to be a reboot of (the Gold Crowdfunding website domain redirects to WeShare Crowdfunding).

gold-crowdfunding-domain-redirected-weshare-crowdfunding

Gold Crowdfunding saw affiliates pay $10 to join, and then participate in a seven-tier cash gifting scheme.

Cash gifting schemes require a constant supply of new participants entering in at the bottom of the scheme, the failure of which likely caused Gold Crowdfunding to collapse.

Looking to salvage what was left of Gold Crowdfunding, Hill appears to have rebranded the opportunity WeShare Crowdfunding and relaunched.

Read on for a full review of the WeShare Crowdfunding MLM business opportunity. [Continue reading…]


NxPay ordered to surrender $9 million to Zeek Receiver

zeekrewardsFollowing the breakdown of negotiations that would see some $9 million in stolen Ponzi funds recovered, last December the Zeek Rewards Receiver took the matter to court.

In response to the Receiver’s filing, NxPay continued to dispute the funds belong to the Receiver, arguing that

a summary proceeding under the Agreed Order is not the appropriate way to make this determination.

NxPay would have the Receiver file a separate action against NxPay such that NxPay would have a full and fair opportunity to present their claims and defenses.

Yesterday saw a Judge acknowledge those concerns, but ordered the payment processor to surrender the $9 million in question anyway. [Continue reading…]


34th uFun Club arrest reveals hilarious web of lies

ufunclub-logoAs the Chengdu shebang nears and uFun newsletters tout scrapping worthless uTokens for pre-IPO shares in shady ventures nobody seems able to verify, plenty more dodgy is going on within the uFun investor-base.

The latest saw an affiliate desperately trying to cover her tracks, by way of a story that failed to add up. [Continue reading…]



ACCC Lyoness case update: Discovery & June hearing

lyoness-logoIn late August 2014, almost a year ago now, the Australian Competition and Consumer Commission sued Lyoness for being a pyramid scheme.

To date updates on the progress of the case have been scarce, so today we’re taking a look at where things are currently at. [Continue reading…]


uFun Club criminal case report to be filed “in 10 days”

ufunclub-logoIn a press-conference discussing the involvement of Thai singer Sukrit “Bie” Wisedkaew in uFun Club, her manager claimed she had nothing to do with the scheme.

Bie’s manager

told police that a photo of Bie and a man nicknamed “Boy”, who was a senior alumni classmate of Bie’s friend, was taken in February or March.

Pethai said Bie met with Boy at a shopping mall to hear about UFUN and was asked to be in a picture with him.

The photo first appeared on Boy’s Facebook page along with a message advertising UFUN.

Pethai said she urged Boy to delete the post.

When the UFUN scandal broke, the photograph reappeared but she couldn’t contact Boy.

She said the singer had nothing to do with UFUN.

Bie is the latest public figure to be associated with uFun Club, with an invitation to a uFun event, followed by a pitch and photo-op a story we’ve seen emerge multiple times over the past few weeks.

Most public figures sensed something was up and didn’t invest, however a few did and so each is being interviewed by Thai police.

What caught my attention though wasn’t that Bie seemingly had no involvement in uFun Club, instead it was Assistant national police chief Lt-General Suwira Songmeta announcing a criminal case report will be filed within a fortnight. [Continue reading…]


Napier folds, Gilmond hit with $2.1 million default judgment

zeekrewardsLast we checked in with our stalwart Ponzi heroes, Gerry Napier and Trudy Gilmond were engaged in a united display of defiance.

Determined not to pay back their victims, the pair were refusing to attend court-ordered depositions and cooperate with the Receiver.

After repeatedly attempting to schedule the depositions, last month the Receiver gave up and approached the court for default judgement.

Up for $2.04 million if judgement was entered against him, Napier has since buckled and is now cooperating with the Receiver.

Gilmond still appears to be holding out, and for her efforts was slapped with a $2.3 million dollar judgement against her. [Continue reading…]



Paul Burks criminal trial set for May 2016

zeekrewardsIn a decision handed down on May 29th, Judge Cogburn granted Burks’ request to further delay his criminal trial.

It’s not the decision we wanted, but nonetheless Paul Burks will not enter a court room for another year yet. [Continue reading…]


Dubli direct lawyers to go after Troy Dooly

dubli-logoI’ve been called a lot of things over the years. The name “Oz”, within the context of BehindMLM, has been dragged through all sorts of mud and associated with any number of MLM companies (“you must be working for a competitor!”), government agencies, the media and even the Illuminati (I’m not kidding).

One person I’ve never been directly associated with though is Troy Dooly. At least not until now.

And thus the tone of a cease and desist Dubli had their lawyers send Troy Dooly a week ago is set. [Continue reading…]


Burks to be tried in November 2015 or September 2016?

zeekrewardsThe SEC shutdown Zeek Rewards in August of 2012.

The $850 million Ponzi scheme’s owner, Paul Burks, was indicted in October of last year.

A trial date remains pending, with the amount of discovery (Zeek Rewards information) having to be produced holding things up.

To that end Burks (right) remains a relatively free man.

That might not be the case for much longer though, with the DOJ’s latest filing pushing to get the trial started in November.

Paul Burks meanwhile wants the trial delayed for another sixteen months… [Continue reading…]