BV Mall last round before crashing was to sell pins at old price before new price kicks in. They have promotion promising korea trips. They collected millions but did not honor their commission payout and korea trips. they are still around doing the same business but so many gullible people believe in keeping quite and hoping new members will come in to bail them out.

Any members that are taking action, are warn that their accounts will be frozen. And any repayment will be delayed. They will fight them in court. Out of fear, the members submit quietly. In reality, the fear should be the other way round. BV Mall should fear legal action taken on them and winding them out. And if there is valid grounds of wrong doing, let the police and court takes it course. BV Mall should be afraid if they run foul law. ANd they will have to quickly pay up before it gets there. Not members fear them that they will run. Justice is always there to protect the victims. And this case, BV Mall is not the victim. Members is the victim.

Getting your money back is your right.

Got this from BV Mall email forum where one stupid member says BV Mall is not crooks because they did not run and still trying to do buiness


Bernard Madoff who was convicted of the largest Ponzi scheme fraud in history in 2008 is not a crook. He took USD18Billion from investors over the course of 40 years. Many people suffered but non stop Bernard Madoff who in your mind is not a crook. He used success stories investors from earlier years to reap more cash for himself from new investors at later years. Stayed lavish hotel, dine and wine the best of the best restaurant. Fly 1 st class and private jets. Lavish sports cars and boats. He is not a crook. And many people are hurt because many supported him and gave him more time to do again and again what he does best by simply recognizing the fact that he did not run and stayed on for 40 years. FORTY YEARS. He is not a crook. Forty Years

BV Mall still going around trying to restart its business. But with the same old broken integrity. Did not pay old members their money. paying on LIFO and still smarting around with legal action on members and withhold payment if they take them to court.

Proof in the pudding........... pay up if you real and honest.

It is a matter of time the owners will face the music. You can fool some, but you cannot fool everyone.

If investment scheme clearly offers investment opportunity by collecting deposits from the public and investors are promised investment returns/profits within a certain period of time, whereby the original investment will be refunded or in other words if a company appeared to be involving in illegal deposit taking by using internet mall to camouflage its activities, it maybe contravene section 137 Financial Services Act 2013 (FSA).

We have investigated and charged numerous instances involving companies having illegal deposit-taking and trading in gold as their underlying products that might contravene Section 137, FSA. For your information, we also monitor these activities very closely and we will not hesitate to conduct investigations should a company appears to be involved in illegal deposit-taking using gold to camouflage its activities.

http://www.sc.com.my/list-of-unauthorised-...es-individuals/

Have a look at the category B of this SC List.

List of unauthorised websites / investment products / companies / individuals not authorised nor approved under the securities laws to deal in securities, trade in futures contracts, advise on corporate finance, provide investment advice, financial planning and/or fund management services related to securities or futures

It is a matter of time the law will catch up.

Many merchants not paid. Many making police report and some getting debt collector

Many felt cheated by the promise made by the two owner. Richard Lim and Billy Lee that their compensation wont over pay.

They were never interested in the product sales. They were more interested in marketing their online mall. But their pull factor is the compensation plan that promise good return. Thus got many to stack up their stocks of online mall that they don't use. They only need one mall to market their product.

Thus it is a disguise to pretend promoting online mall but when actually there are MLM and money game.

The do not have MLM license. Not registered

But they are in Security commission list as illegal and Bank Negara watchlist

Fancy seeing the two owner of BV mall meeting the same faith like these Ufun money game company.

Selling BV Online mall (many) to one member. When the poor member only need one to place his produce to sell. It is not the product they sell. It is all about the license disguising money game in play.


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This should quickly take place in Malaysia too.


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The two jokers (owner of BV) trying to float a dead horse with another new co who has no track record. Combine there are new co with sexy story to con more people of money. Just wait and see how the laws will catch up to them. Regulators of stock exchange are not blind.

They wont reveal yet. For fear that we report them. They must be doing hell of a good con job in getting listing to any exchange that would accept them. Imagine if a company has no debt to pay it debtors (Merchants not to mention members) can go listing, what is the worth of the exchange for having such companies ?would you put money ?


Would you put money on a company that play with financial wizard Houdini ............. combining their pass glorious historical numbers that cannot be sustain with a new co that has no historical results to con innocent investors, would you invest in two weak companies combine together to look good. You will know soon one has no sustainability and is dragging the other down.

Reported in Star paper on UFUN............. bv mall has similar model. Instead of u coin, they have virtual mall software that is use as the commodity to stack up the money game.

It is a matter of time, BV Mall Owners will have the same faith.

KUALA LUMPUR: A businessman Datuk wanted by Thai police for allegedly cheating more than 100,000 people across the globe is claiming his innocence in a YouTube video.

In the over eight-minute long video, the man claiming to be Datuk Daniel Tay (pic) denied allegations that his company was involved in fraud.

He said he was also willing to cooperate with Thai authorities, adding that he respected the law following a crackdown at the company’s offices in Thailand.

“We will cooperate with the Thai government and provide the necessary information needed to clarify that we are innocent,” he said in the video, which was published on April 13.


Businessman Datuk sought by Thai cops denies allegations


Tay also vowed that the company would continue, saying that the business had been opera­ting for more than two years and had over 10 offices worldwide.

“We have no intention to cheat our members’ hard-earned money.

“I advise our members in Thai­land to stay calm at the moment,” he said.

He said although the company UFun Thailand’s account had been frozen temporarily, he gave an assurance that it would be paying its members’ withdrawals.

“The company will not reject any (application for) withdrawal unless in special cases like technical pro­blem or lack of information or manpower,” he said.

In the video, he also drew comparisons between UFun’s operations with that of other international companies, adding that anything new would need time to be accepted by the public.

Last week, Thai police detained three suspects after a series of raids, seizing some 250 million baht (RM28.13mil) worth of assets that were said to be linked to Ufun.

A check by The Star at UFun’s office in MidValley here shows it to be empty with many notices left at its door.

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.

Thai police track ‘Datuk’, two other Malaysians over illegal pyramid scheme


GEORGE TOWN: Thai police are hot on the heels of three Malaysians including a “Datuk” who are alleged to have cheated some 100,000 people worldwide, including thousands of Thais, of some 20bil baht (RM2.25bil) through a pyramid scheme.

Royal Thai Police are currently looking for the people behind UFUN Store Co Ltd, including the business’ 40-year-old executive chairman “Datuk Daniel” and its two directors, aged 38 and 42.

The Nation reported that arrest warrants were issued came following a police raid at the company’s headquarters in the Bang Na district in Bangkok recently. Four company’s executives, aged 34 to 40, were arrested recently on charges of embezzlement, the Thai daily reported.

It also quoted Assistant National Police chief Lt-General Suwira Songmetta as saying that authorities had confiscated a number of computer servers from the head office and that many documents that could be used to link the executives to the scam were found.





Luxury cars including a BMW i8, designer handbags and luxury watches were also confiscated.

On Thursday, police arrested the company’s accountant while she was in the midst of fleeing to Laos.

The Nation reported that the woman told police that she tried to quit the business after noticing irregularities and informed other members of her suspicions.

UFUN then suspended her account and she could no longer conduct any transactions or withdraw money.

Thai police also discovered that the woman had purchased a house in the Bang Khen district worth at least 24mil baht (RM2.6mil) and a Toyota Alphard.

In an official video posted on the Utoken Forum page, “Datuk Daniel”, with two gold coloured pyramids on his table, claimed that he is now in Kuala Lumpur.

“We have been in the market for more than two years, not a newly set up company. The company would’ve been in trouble much earlier if we were really cheaters.

“UFUN has more than 10 offices worldwide and members from more than 80 countries. We have no intention to cheat our members’ hard earned money.

“We are ready to cooperate with the authorities and the Thai government and provide information needed to clarify that we are innocent,” he said in the video.

He added that UFUN was in a “transformation period” now as new business models in the market were difficult to be accepted by the government and authorities.

He also claimed that he would try his best to pay back the members.

A check on the company’s official website showed that it had since been suspended.
Penang Commercial Crime Investigations Department chief Asst Comm Azmi Adam when contacted on Saturday said no reports over UFUN Store Co Ltd have been lodged in Penang so far

Bronks5

Don't wait. Best take legal action of seek debt collector help. Wait is not an option. You end up with small share of junk shares. And it is a cheating case, if they swap you entitlement with something you never contract or agreed to. Just imagine, you buy a BMW. They show up and say the company that took your money now is not financially strong. They only take care of new customers. Future customers. You are consider an old customer and you have no choice but to take a third hand old junk. Proton with out an engine. And by the way, this car does not come with wheels. Take it of leave it. If you complain, we take legal action on you. If you report police, we ignore you and put you on wait list. We are big and we have legal means to delay you. This is day light robbery. This two jokers are capable of doing this with their eyes open. No honor and shitty person they are.

Since they are dead sure can list, surely they wont let winding up judgment to stop them from listing. They rather pay to keep their listing afloat. Go for profit plus capital if you use the legal option.

SHIT

They are also listed in SC.Not licensed by the SC to conduct capital market activities. See B category

http://www.sc.com.my/list-of-unauthorised-...es-individuals/