Ufun = u kena scam the boss = fun.....some idiot still cannot wake up

This MNet is the same joker who joined that GPLF full time before mah.. the same GPLF with the fake datuks and ICJ judges and now owing people a lot of money wan. Looks like full time jumping from one con scheme to another.

Those who cannot learn from history are doomed to repeat it.

1 year rdy....all those investor drive big car and live in big house rdy ???please post some pictures or anything please bodo

This Mnet also calling people to invest in YSLM owned by scammer Zhang Jian. A lot of people has been fooled by this joker.

100 units bought by UFUN at Bangkok Marina seized



THE CONSUMER Protection Police Division (CPPD) yesterday impounded 100 housing units worth Bt165 million that UFUN Store, which is in the centre of pyramid-scheme allegations, had allegedly bought at the Bangkok Marina Resort & Spa Project Project in Samut Prakan's Bang Bo district. Assistant national police chief Lt-General Suwira Songmetta, who is leading the investigation, accompanied CPPD deputy chief Pol Colonel Angkul Klaikleung to the site yesterday to inspect and impound the 100 units, which are still under construction.

Suwira said this operation stemmed from a search at the head office of Bina Puri (Thailand) Co Ltd on Wednesday in Bangkok's Bang Na area, which confirmed UFUN's purchase of property.

He added that the units have been impounded so the Anti-Money-Laundering Office (AMLO) can later auction them and compensate the affected persons, he said.

Suwira also thanked members of the project for cooperating with police and pointed out that neither the owner nor executives of Bangkok Marina were involved in this case. He added that investigators had learned that UFUN had used the Bangkok Marina brand for commercial gains without their consent.

Since the owner of Bangkok Marina is willing to return the money that UFUN had paid for the units, police will first impound the properties, Suwira said. He added that Bangkok Marina was already discussing this option with its mother company, Bina Puri, in Malaysia. The other option would be for AMLO to auction the 100 units once construction has been completed.

Meanwhile, Suwira pointed out that only 100 of Bangkok Marina's 800 units had been bought by UFUN and that the remaining 700 can be sold as per normal.

Pairat Chanchaikaew, an advisor to the Bangkok Marina project, filed a police complaint on Wednesday claiming that UFUN had used the resort's name to build its credibility. He said the complaint was made to clarify that neither Bangkok Marina nor its mother company in Malaysia had anything to do with UFUN.

Pairat also told police that UFUN had in 2013 bought a 13 per cent stake worth Bt17 million in Bina Puri (Thailand) - but did not nominate a board representative so it played no part in the company's management. He added that the 100 units in Bangkok Marina Resort & Spa Project had been bought by UFUN's subsidiary UTR Co.

Meanwhile, although there is a difference of opinion over whether UFUN operated a pyramid scheme, national police chief Pol General Somyos Pumpanmuang said yesterday that he had confidence in the work and evidence-gathering efforts made by the team of investigators.

"I'm confident in Lt-General Suwira and the team says they have enough evidence of the company's wrongdoing to prosecute them," he said, adding that Suwira had been gathering information since late last year.

Somyos said he had instructed Suwira and his team - including officials from the Consumer Protection Board and the Amlo - to study this sensitive and complicated case very carefully. So far, six of the 13 suspects have been arrested in relation to this case.

Up to 159 people - claiming to have suffered losses worth Bt46 million - have filed complaints against UFUN at the Consumer Protection Police Division. The company reportedly has 120,000 members in Thailand, and police speculate that based on this figure, damages could be as high as Bt38 billion.

A plaintiff said he had invested Bt17,500 with the firm last October at the invitation of a friend and was told he did not have to do anything, but would get a 10-per-cent interest in U-tokens. However, he said, when he tried to withdraw his investment after not getting anything for a whole month, the company would not let him, saying he had to find more members to earn profits.

"Something wasn't right, and I thought I might have been duped. So I filed a police complaint," he said.

In related news, UFUN Store's lawyer in Thailand, Jessada Jandee, told a Bangkok press conference on Wednesday that the company's business was legal and only benefited people. He said the firm had tasked him with investigating two points: why Thai police had issued arrest warrants without prior summons, and the facts and information that led to the issuing of those warrants. He said the firm had never prevented members from withdrawing their capital.

Meanwhile, UFUN Co executive chairman Daniel Tay appeared in another YouTube clip on Wednesday calling on UFUN members, especially those in Thailand, not to believe rumours and to remain calm. Tay said he - and other UFUN leaders - would refrain from any interviews as the matter should be left up to the lawyers.

http://www.nationmultimedia.com/national/1...d-30258640.html

Ufun members always get news from their own Facebook portal.
All cut off from the real world, so no need to read newspaper.
All is lies, only their source is correct.
The sun is always shining on their part , even though it is raining all around them.

this kind of remind me YSLM . how is it?

Apparently its the same founder

u should feel uneasy with all the negative news and rumors bombarded by media, it's only natural. But as utoken holder u should and can verify the fact with your introducer and remain calm and aware of your options, some of those news really exagerated, a lot of ppl want to see them die it should not be you, at least the company not running away and ready to face those charges. Actually before u enter u should already know this is a high risk high return game mainly due to a relatively new trend and grey area with the authority, only involve with your risk money. The way I look at it, the problem the company facing today actually not from company unfulfilled thing, it's more on irresponsible members not explain to their recruit properly and hype thing up, there is no promised return from the company, no one having problem cashing out yet if they follow rule. I would like to know what they actually guilty of too, hope Thai authority file their charges soon, let the legal process take it due. The truth is out there.

Now u notify me u sell gadgets, i'm interested to get a xiomi 16000 powerbank, ,PM me price and how to collect. Tq.

A Thai woman in her 40s said her friends introduced her to UFUN and she ended up investing Bt1.2 million.

"I was told that I would be able to earn returns of between Bt50,000 and Bt60,000 a month. But after I made the investment in December, the return rate was much different," she said.

She said when she tried to take back the investment, the firm told her she could not get the cash back but promised to give her gold or a car instead.

"I agreed to such conditions but the firm still has not provided me with the gold or a car," she claimed.

Another woman, identified only as Sam-ang, said she invested Bt100,000 in UFUN about five months ago.

"Since I made the investment, I've never got any returns.

"When I called the [UFUN] agent, she turned off her cell phone," Sam-ang said.

http://www.nationmultimedia.com/national/U...i-30258731.html

indeed i follow utokens news, all day all night i keep refreshing and check every hour. but somehow the utoken news is just too biased. Apprently UFun's subsidiary company is having an official IPO on the 'French Stock Exchange' on 9th May. They highlight a news that is merely just a shed of light, and do not mention about official reports from Thai Police, also then ban people from posting negative posts towards UFun Club even though it's official contents. The page where it claims utoken to be a ponzi scheme however makes more sense, evidence are clearer and makes more sense. And now as you know even Najib's Son in involved in this, sagajuta (sabah) sdn bhd is linked to UFun and also maybe 1MDB. YES that big money laundering 1MBD bullcrap. Nazifuddin aka Najib's 3rd son is the Executive Chairman of the company, God knows how much money has been laundered between these companies. Maybe Ufun's fund is already in Cayman's island for all we know.

PMed you

Cheers

where is MNet? wait for him to clarify........

159 lodge report against Malaysian businessman’s firm



http://www.thestar.com.my/News/Nation/2015...inessmans-firm/

now.... ufun hilang

then.....Mnet pun hilang

NO-lah...Mnet is still lurking here on LYN ,,,,,,,,
last nite at 10pm he trolled in FSM thread...

I read the Sin Chew news last week, that Zhang Jie really pro, skim cepat kaya

This post has been edited by oOoproz: Apr 28 2015, 03:27 AM

Mnet would never clarify anything. I asked Mnet to clarify YSLM scam but he just ignores it.

Mnet would be seen again in the next skim cepat kaya. Mnet is an idiot!

or he plans to be among the first ones in, encourage others to become victims so he can cash out early

If want to "invest" in such scheme, still dump money in government approved schemes like mutual fund and insurance. Paying and lose happily.