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Thread: UFun/UToken/Unascos SCAM' Let's have some UFUN!

  1. #176
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Malaysia's response feels a lot like India's initial response to SpeakAsia... only the company registrar said "uh, yes, we're watching", while all the other agencies are running around trying to figure out who has jurisdiction in what area (apparently just so they don't step on each other's toes).
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

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  3. #177
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Strangely enough, Rodney Global Ambassador Burton has stopped talking about UFUN and is suddenly onto something called "Options Domination".

    RGB May 15.jpg

    Utoken is still on his page, but now he has a new scheme to push....

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  5. #178
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    It's selling "trade signals" through MLM (i.e. investment advice only)

    Options Domination accused of stealing binary signals
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

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  7. #179
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    More action today, as reported on Thailands' NationMultiMedia.com



    You can read the original article on
    NationMultiMedia.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  9. #180
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    If Lyn Summers is to believed, there are going to be some extremely unhappy Australian hedge fund members when they discover she has sunk half a million dollars of their money into the UFund fraudulent scheme





    Lyn Summers' stockcourse.Lyn page on Facebook



    The Lyn Summers page on the UToken Australia website
    The only thing necessary for the triumph of evil is for good men to do nothing

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  11. #181
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    My favorite part of this one:

    "Another fugitive, Athiwat Soonpan, was a retired major general, not a lieutenant general as claimed, and police were eyeing pressing an extra charge against him of using a military uniform and insignia improperly, he said"



    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  13. #182
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Thailands' NationMultiMedia is today reporting:



    You can read the original story here at
    NationMultiMedia.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  15. #183
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    UFUN decided to do some PR by running off the China for some photo op and donation to some orphanage.

    UFUN??????????????????????_????_???
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

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  17. #184
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Further evidence the Thai police aren't sitting on their hands when it comes to prosecuting UFun participants comes in todays' report from ThaiPBS



    You can read the original report here on ThaiPBS online
    The only thing necessary for the triumph of evil is for good men to do nothing

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  19. #185
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Just when you start thinking things are settling down for UFun, along comes the revenue department to make things worse:

    As reported by ThaiPBS



    You can read the original story here on ThaiPBS
    The only thing necessary for the triumph of evil is for good men to do nothing

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  21. #186
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    You have to hand it to the Thai authorities. They really are going after this one big time!

    Good for them. I can think of several people and ventures in the UK that would benefit from the Thai treatment!

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  23. #187
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Updated news on the state of play from Thailands' NationMultiMedia.com



    You can read the original article here on
    NationMultiMedia.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  25. #188
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    I'm guessing the Thai police and media have no problem with stage managing "news" stories to achieve the outcome they want:



    On a side note: how would you fancy the voiceover guy reading the news on your favourite TV channel every night ???
    The only thing necessary for the triumph of evil is for good men to do nothing

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  27. #189
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    According to an article on NationMultiMedia.com Malaysian police have signalled they will begin working closely with Thai police in investigating the UFun fraud



    You can read the original story here on Thailands' NationMultiMedia.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  29. #190
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Thailands' NationMultiMedia is reporting:



    You can read the original article here on NationMultiMedia.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  31. #191
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Updated news from todays' Bangkok Post



    You can read the original story here at BangkokPost.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  33. #192
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Todays' news on the UFun situation from Thailands' NationMultiMedia.com



    You can read the original story here on
    NationMultiMedia.com
    The only thing necessary for the triumph of evil is for good men to do nothing

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  35. #193
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Quote Originally Posted by NationMultiMedia.com View Post
    The police found that Namonpan had wired Bt177 million to UFUN
    Good lord. That's $5,274,457 usd.

    SD

    .
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

  36. #194
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    China has arrested 10 people and frozen assets. Latest info at behindMLM on this breaking story, but here's the gist of the report:

    The China official has been probing (since September 2014) on oversea MLM organization under the name of UFUN who uses U Tokens as a mean of investment, while at the same time conducting illegal activities.

    The China Official has arrested Aaron Lee who has been involved in illegal MLM activities.

    He is one of the core members involved and has been evading the China police arrest.

    The China Officials has arrested 10 top personnel while froze RMB2900++million of asset. They also uncover large amount of bank card, laptop, etc.

    The case has involved 31 states/district over China , 3.6 million investor and investment around RMB5 billion ++.

    jsga.gov.cn/www/jsga/2010/jwdt-mb_a3915043014188.htm
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  38. #195
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Translation into English of the report on js.people.com.cn/n/2015/0511/c360305-24805916.html provided by kschang over on BEHINDMLM.com

    Lianyungang Police Broken Gigantic Pyramid Selling Scam, Arrested Foreign National Suspect

    (People.com.cn May 11) Report had learned from Jiangsu Province Lianyungang Public Security that the local branch had successfully broken the Lianyungang ’10-10 Pyramid Selling’ scam that was declared Number One Priority by the Public Security Investigations, and arrested this scam’s Malaysian National Suspect Mr. Chen and over 10 other high level managers, frozen funds in excess of 26 million RMB, and confiscated large amounts of ATM cards, UToken symbols, notebook PCs, and other tools of the scam.

    Last September, a foreign pyramid selling organization “Ufun Group”, using “invest in UToken cybercurrency” name, asked netizens to buy up UTokens to join as member, and recruit even more members, and engage in illegal pyramid selling in Lianyungang. Police investigation shows that hundreds were recruited in Lianyungang, and victims are in at least 31 Chinese jurisdictions (including provinces, cities, and self-governing areas), with more then 36K members, and is believed to involve over 500M RMB. Due to the seriously of the scam, it was declared number one target by Public Security Investigations.

    On 10-JAN, sufficient intelligence has been obtained about the top leaders of the scam, and Lianyungang Police dispatched 80+ members to various jurisdictions around China including Guangzhou, Zhenzhou, Baoding, and so on and executed simultaneous arrests. On 14-JAN, after learning that one of the leaders, Mr. Kai, that was missed in the raid had entered Shenzhen, Kai was arrested along with 10+ other high level leaders, and frozen 45 accounts totally over 26M RMB.

    The pyramid selling organization primary organizer is a Malaysian Mr. Chen that was never in country, and the police tried to track him down, and visited several times the places that Chen had stayed in prior visits. On 23-APR police learned that Chen, after swapping his passport number, may be reentering Shenzhen. Police set a trap in Shenzhen’s international airport and arrested him.
    The only thing necessary for the triumph of evil is for good men to do nothing

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  40. #196
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Lyn Summers doesn't know when to come in out of the rain. Here's the BS she posted on her FB page (remember China has just arrested 10 people in conjunction with UFunClub):

    Lyn Summers
    4 hrs · Pudu, Dakshina Kannada
    Here is part one of the new structure already announced....
    COUNTDOWN FOR A BIGGER BEGINNING REWARD
    【2015-05-12】
    Since 9th May, 2015, after reaching a remarkable milestone of nearly 500 thousand UToken users in 90 countries around the world and still growing at an unprecedented rate, to celebrate this incredible milestone and on-going commitment, the Company is offering 4 HUGE BENEFITS to our valued members and friends.
    You will have the opportunity to take advantage of our Final Countdown Reward Campaign! A new member can also take advantage of this reward as we are moving to a NEW, BIGGER, and EXCITING platform.
    Amazing Rewards not to be missed!
    For a limited period, this special rewards starts from 9th May to 31st May 2015.
    Here are FOUR huge reasons to ACT NOW!
    1) Last Opportunity to get Extra UPoint 3%-15%
    All NEW registrations Package and Package Upgrades will get 3% to 15% of Upoint for FREE!
    2) Plus Rewarding You with Extra Nickel Pre-IPO points
    A Pre IPO valuation of USD19 Billion GDV Potential Nickel Mining Project in Kendari, Sulawesi, Indonesia.
    A spectacular opportunity for our members to participate in Pre IPO shares. You will be become company owners by purchasing the stocks with your Investment Points and Pre-IPO Points.
    All NEW registrations Package and Package Upgrades will get 3% to 15% of Nickel Mine Pre IPO Points!
    3) Plus Additional share in UToken Exchange
    Owners of UToken will be given a portion of the share in UToken Exchange on a pro-rata basis of the volume of UToken for each share he or she owns.
    4) Automatic Position Upgrade in the new platform because of its 10-fold increase of the package value.
    In July 2015, the Company will reach another remarkable milestone achievement, as all our valued existing members you will be introduced to a brand new and well-built platform. However, the organizational structure in the marketing plan will remain the same.
    However, the package will no longer offer UToken as there are bigger surprises in store for you. The new package offers intriguing remuneration, as the new package will be focusing on new investment strategies in strong and large corporate projects on a global scale. One of the large-scale projects in the pipeline is the launching of more than 10,000 China Franchise Stores headed by China Pride Group. It is an entrusted project, which is worth USD100billion.
    For Existing Members you will be automatically upgrade according to the marketing system:
    Current Packages New Packages as of July 2015
    1 Star: USD 500 → 1 Star: USD 5,000
    2 Star: USD 1,000 → 2 Star: USD 10,000
    3 Star: USD 5,000 → 3 Star: USD 50,000
    4 Star: USD 10,000 → 4 Star: USD100,000
    5 Star: USD 50,000 → 5 Star: USD500,000
    The date of transformation will be determined at a later date in July 2015.
    As our existing loyal member, you will be automatically upgraded to the above value in before the transformation date in July 2015. New registrations before the transformation date will still have the final opportunity to take advantage of this super benefit.
    Meaning, if you register a 4 star in after the transformation date in July 2015, the new package will be USD100,000. However, if you join before the transformation date, you only need to purchase a 4 star package at USD10,000 only.
    To sum it up: THE FASTER YOU ACT, THE BIGGER THE REWARD!
    Making It Happen
    The Management


    Guess she needs to steal some more money to cover the $500K she dropped into this Ponzi.
    EagleOne
    Author: "Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It" available in soft cover and eBook at Amazon.com

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  42. #197
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Latest arrest warrant news in English is out

    Three more UFUN arrests - The Nation
    ---
    A MLM Skeptic (not a Cynic) covering scams, critical thinking, and psychology
    http://amlmskeptic.blogspot.com

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  44. #198
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Quote Originally Posted by UFun View Post
    blah, blah, blah
    Translation:

    ► We are going to stop selling UTokens because we are finding out that when we do that, sometimes people want their money back.

    ► We want you to send us real money, so that we can claim that you have "UPoints", "investment points", and "pre ipo shares". These are vague descriptions that have no redeemable cash value.

    ► Although we tell you over and over that "UTokens can only go up", there is currently a huge sale on the UPoints that we trade you for the real money that you send us.

    ► The huge sale on points will be over in July ... maybe.

    ► If it's not, we are going to shut out all of the small players who can send us $500 - $50,000 usd and pretend that we will only accept $50,000 - $500,000.

    ► The way the media is exposing us recently
    and the arrests of our leaders
    and the manhunts for those on the run
    and China shutting us down
    means it is more likely that we will be gone in July.
    That way neither one of us have to worry about you getting your money back.
    Ever.



    SD

    .
    Last edited by shipdit; 05-12-2015 at 02:49 PM.
    "No one in this world, so far as I know - and I have researched the records for years, and employed agents to help me - has ever lost money by underestimating the intelligence of the great masses of the plain people" - H. L. Mencken

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  46. #199
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    Do you sometimes wonder about people and their sense of reality?

    I do.

    Lyn S 12 May 15.jpg Lyn S 2 12 May 15.jpg

    Well, someone knows where Daniel Dato is - perhaps the Police in Malaysia and Thailand should ask her?

    Meanwhile, Joby is keeping the faith.....

    JB 12 May 15.jpg JB 2 12 May 15.jpg

    Oh come on, Joby - give up, please - it's starting to get silly now IMO!

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  48. #200
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    re: UFun/UToken/Unascos SCAM' Let's have some UFUN!

    This is from Lyn Summers FB page:-

    Lyn S 4 May 15.jpg

    But not everyone is convinced - and interesting to see that UFUN is having payment gateway problems (hardly surprising really!)

    Lyn S 3 May 15.jpg

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