Despite being put on the Central Bank of Malaysia’s blacklist last June, uFun Club has continued to flourish in Malaysia.

Local regulators and authorities have yet to take any action against the company, with officials as late as last Friday claiming they were yet to receive information from their Thai counterparts.

Police are still waiting for their Thai counterparts to contact them on investigations into a Malaysian businessman over alleged cheating cases involving more than 100,000 victims worldwide.

Bukit Aman Commercial Crime Investigations Department deputy director (intelligence and operations) Senior Asst Comm Datuk Jalil Hassan said Thai police had yet to contact his department for assistance in the case.

Now a leaked email has emerged, suggesting that Malaysian authorities were infact first contacted back on April 16th. [Continue reading…]

Prior to a regulatory investigation into the company in late 2014, WorldVentures in Malaysia boasted a purported 20,000 strong affiliate-base.

Things began to unravel in September though, when local Malaysian media began to investigate the scheme.

A reporter from The Rakya Post attended a World Ventures recruitment meeting, with around fifty other people in attendance.

Their conclusion?

WorldVentures is “a money game”. [Continue reading…]

Intended to be a summary of the financial status of the Zeek Receivership as of December 31st 2014, the Reciever’s latest fees and expenses report nonetheless provides us with some new tidbits of information.

The report comes in at thirty-one pages in length, with much of what is presented having already been reported on here at BehindMLM (check our Zeek Rewards archive articles between October and December 2014).

Due to the size of the report, for simplicity’s sake I’ve broken it down into new information under various subheadings below. [Continue reading…]

Following the denial of motions to dismiss clawback litigation filed against them, Trudy Gilmond and Jerry Napier have ceased co-operating with the court-appointed Receiver.

In response, Zeek Rewards Receiver has now requested the court enter default judgement against both of them. [Continue reading…]

The regulatory reaction to uFun Club in Thailand and Malaysia couldn’t be any more different.

Thailand cracked down on the $1.17 billion dollar Ponzi scheme over two weeks ago.

Since then millions of dollars have been seized, along with various properties and other assets.

It’s expected that funds seized and raised from the sale of ill-gotten assets will be used to compensate victims of the scam.

Efforts to halt the uFun Club Ponzi scheme in Thailand are ongoing, with the latest action seeing regulators seize a condo and Lamborghini Gallardo belonging to Rathawit Thiti-arounwat.

Various documents (evidence) and a 1.5m tall safe box were also recovered. [Continue reading…]

I have to give full credit to my readers for this one, as without their research there would be no story.

Two weeks ago now we saw the arrest of several individuals involved with uFun Club’s Thai operations.

Afterwards it was quickly established that uFun Club’s owners and upper management had fled to or were already in Malaysia.

From there they released statements professing their innocence, seeking to mislead uFun Club investors while they squirreled away invested funds to who knows where.

Those of us following the case has found it increasingly odd to observe a complete lack of regulatory action on Malaysia’s part.

Contrast this with Thailand’s authorities, who have done everything they can to seize millions of dollars uFun Club stole from investors.

Now it can be revealed that one possible reason Malaysian regulators are doing nothing, is because the son of the current Prime Minister appears to be involved. [Continue reading…]

At the time of publication, some four complaints against uFun Club have been registered in Malaysia.

Authorities are reported to be investigating the complaints, but by and large there’s a noticeable lack of inaction from Malaysian regulators.

At present several key members of uFun Club are believed to be hiding out in Malaysia. uFun Club is also on a Central Bank of Malaysia blacklist, yet independent regulatory action against the scheme is nowhere to be found.

Instead we have Malaysian regulators sitting around doing nothing, while they bleat on about how Thailand hasn’t made any official request for an investigation yet.

uFun Club’s ringleaders in the meantime remain at large, with their actions and movements presumably not being monitored.

With a global $1.17 billion dollar Ponzi scheme operating right under their noses, yesterday saw me ask the question: How on Earth is this possible?

Now, it’s revealed that the answer may lie in Malaysian politics.
[Continue reading…]

I couldn’t make this stuff up if I tried…

I’m trying not to read too much into this story, but it appears a desperate Herbalife affiliate wasn’t too happy when one of their customers wanted out. [Continue reading…]

In yet another PR disaster for uFun Club, new today that Thai police have seized a hundred Bangkok Marina units the scheme’s operators had previously invested in.

The $5 million investment was made so that uFun Club affiliates had leverage in professing the legitimacy of the scheme through association with Bina Puri, the developer building the resort.

Bina Puri are one of the largest construction firms in Malaysia, with the Bangkok Marina being built by a Thai subsidiary. [Continue reading…]

There is no information on the Club9xAds website indicating who owns or runs the business.

The Club9xAds website domain (“club9xads.com”) was registered on the 6th of April 2015, however the domain registration is set to private.

Further research reveals a “Rajiv Kathik” identifying himself as the admin of Club9xAds on social media:

I am Admin and owner of club9xads program.

if any one have a query & thinks it a scam can contact me on my facebook id & in group.where you can see my passport copy & all other legal documents…

Facebook Admin link:facebook.com/rajiv.khatik

A visit to this Facebook profile links to what appears to be an admin group for Club9xAds, with Khatik (right) actively promoting the opportunity within.

In his Facebook profile, Khatik claims to be living in Gujurat, India. This is likely where Club9xAds is being run out of.

Why none of this information is available on the Club9xAds website is a mystery.

Read on for a full review of the Club9xAds MLM business opportunity. [Continue reading…]