my school teacher told me the same thing.. go in 1st, then cash out when others come in later in big numbers (the scheme "pays" using other people money)

MNet so far is the only one that still hangs around in LYN after scheme after scheme goes down. Others such as siliconwiper from that stevens tea garden or fredlc from GPLF disappeared once the thing goes down.

Since u all miss Mnet so much why don't tag him in your msg?

some of us donno how to tag pipu

http://www.bangkokpost.com/news/general/54...ties-ufun-safes

look at all that cash!!

too bad its being seized

This latest seizure of 26.2 million baht is taken from a safe in one of the key suspect's condominium unit. you gotta wonder why so much cash in a safe at home.

total seized so far is up to 226 million baht of assets

This post has been edited by malleus: Apr 30 2015, 12:53 PM

fuhyoo tat a lot of cash

It is a huge pity that company registration details are not easily open to the public. If its freely open, it'll be interesting to do a complete search through the database for organisations with the name utoken or ufun in its name, and look through the list of directors and shareholders and look at connecting the dots.

the technology is there, but the data is not readily available without having to pay for each company you want detailed information on.

I wonder what happen to the money there. Are they going to return it to the victims.

Is there a cases that the money will be return back to the victim.

What is their record for case like this in term of returning the money to victims.

according to the article, it said:

thing is, any assets seized will be held onto until the court cases are all over, and this may take years.

Everybody is asking the same question, the nature of this ufun club is actually to promote people to use utoken as a mean of payment and at the same time this member is rewarded with upoint which enable him or her to multiply his or her utoken. This token can be bartered or even liquidified into cash using the current price of utoken. Yes for the website i am totally agreed with you as well as the low quality of advertisement..maybe this company is brand new and trying to inproved step by step..

u join as ufun club member?

a brand new forummer, posting his FIRST post to reply to a 14 months OLD question....and ignoring the recent BAD publicity news about UFUN.
who is he? wondering why? maybe just returned back from Bangkok recently?

This post has been edited by T231H: May 4 2015, 04:39 PM

already offline

UFUN gonna go down the drain, when something sounds too good
to be true, it probably is, shit MLMs

Hello everyone, there was a big misunderstanding and confusion about this situation.

The police raided something called "UFun Store Co Ltd" at the office located on Ramintra 61 Road in BKK. Note that this is NOT a UFUN GROUP address.
They seem to have hijacked the UFUN name for an operation not owned by UFUN Group. Confusing matters at this point.
Apparently 8 were arrested or are wanted. NONE of those are names that any of us are aware of as UFUN Group leaders. Why? Because they are not, and ran a separate operation.
This operation was in the business of selling cosmetics, food supplements and other products to members in a complicated business model that focuses on bringing in new members rather than selling the products, the police said. Note that this has NOTHING IN COMMON with the UFUN or Utoken business model.
It APPEARS, but is not clear, from the reporting that they were using Utokens as a form of payment - among others? This seems to be the case as the police said that members had to buy UToken packages and gave their costs accurately.
Note that the use of Utoken has NOTHING to do with whether or not they were running a scam or Ponzi.

New user...1st post in here defending/clarifying UFUN?
is this for real?
do you mean the "DatoK" that went on youtube to try to cool things down is not real too?

Natee also said UFUN executive chairman Dato Daniel Tay, of Malaysia, had affirmed via YouTube that the company didn't operate a pyramid scheme and had no intention of cheating the public. So, police should give it a chance to prove that.
- See more at: http://news.asiaone.com/news/asia/ufun-wom...h.8IYDduEW.dpuf

or just a troll that has nothing to do on Sunday and just trolling around for fun?
or you just returned from Bangkok too and just visit this lyn?


This post has been edited by T231H: May 10 2015, 02:55 PM

@T231H

I am talking about facts i am not defending anyone,if you read my post carefully.

The police raided something called "UFun Store Co Ltd" at the office located on Ramintra 61 Road in BKK. Note that this is NOT a UFUN GROUP address.

sub branches??
you posted: " NONE of those are names that any of us are aware of as UFUN Group leaders".
then why the youtube things?

in this ufun website....
http://www.ufuntokens.com/?page_id=26
somewhere in the middle of this webpage that reads'...
"UFUN Group has other branches of businesses such as:
" UFUN Property Click here for Download Bangkok Marina Resort Spa Brochure"
this pdf file link is attached....
http://www.ufuntokens.com/wp-content/uploa...%20brochure.pdf

isn't it this properties are the same as these.....
Marina to refund to police B112m Ufun investment .
http://www.bangkokpost.com/news/crime/5404...ufun-investment

do you mean....what you are talking is not as in this ufuntokens.com website things? they are not the one you are talking about?

latest!
THE SUNDAY NATION May 10, 2015
Suwira said the case would be filed with public prosecutors this month, so prosecutors could compile documents and evidence before officially contacting Malaysian authorities.

Malaysian authorities are also looking into an alleged pyramid scheme linked to a company there called UFUN Store.

Police said the evidence suggested UFUN and UFUN Store were linked.


http://www.nationmultimedia.com/national/T...t-30259720.html

This post has been edited by T231H: May 10 2015, 06:57 PM

As usual, some are paid to defend scammers, so that they can have a final push
Yet, still got people get cheated on such rubbish.
As long as have to use my hard earn money changing to something else, no way I'll do it.

good defense argument...something like this.?.....
Lingam: Looks like me, sounds like me
http://www.malaysianbar.org.my/bar_news/be...ds_like_me.html