Anyway, any idea why would they go against the court's injunction?

So the verdict for that case is still out there

This post has been edited by MUM: Dec 13 2023, 05:51 AM

Judicial commissioner is just like tribunal and can only impose fine

Actual judgement still relies on another sentencing hearing if found guilty

Anyway, any idea why would they go against the court's injunction?
What are their purpose of going against that court's injunction?
What are they trying to achieve?

This post has been edited by MUM: Dec 13 2023, 06:01 AM

Simple basically to prove a point and make a statement 🤦‍♀️ but unfortunately backfired 🤦‍♀️

You should ask the party who breach the injunction on why 🤦‍♀️ but if they have paid the fine they already implicitly admitted that they were wrong

First of all, have to understand the purpose of an injunction. It is mainly to preserve status quo and prohibit further damage/loss caused by the defendant. In this case, it was to prohibit the defendants from publishing further defamatory statements.

Had the defendant continue to do what they do, UBB may suffer significant damage/loss even before the trial ends.

The injunction was obtained on 17 April and yet the defendants ignored the injunction and posted allegations on 23 April and 4 May. Hence, in breach of the terms of the injunction, the defendants were fined.

The other interesting bit here, is whether committal proceedings (civil prison) will also be taken against the defendants, noted that the fine was paid (rich!, didn't even appeal).

Conclusion is that this is just a side show, we haven't even entered the main show yet. Nevertheless, the defendants lawyers should have advised the defendant what to do and what not to do in a defamation suit and being slapped with an injunction, if the defendant still proceeded to what they did, then its more a less a self inflicted wound.

why the defendants wanna post defamation statements against UBB?

At the moment is just allegations. UBB has taken the defendants to court yet they continue to make allegations.

Whether its defamation or not, it still needs to play out in court.

Has any investor had a negative experience with UBB so far?

This forummer had in Oct 2022 talked of positive experience on his platform that had established since 2009 and had been having funds giving out positive experience every 5 weeks since 2013 without fails.
Look at the millions they were said to had made

Past performance is not an indicator of possible same or continuous same performance of future performance.



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Ive had the same experiences, being a yearly payout without fail.
My cycle is about to expire, and I will likely reinvest.

Just wanted to see if these defamation have had any impact on UBB investors as they do have exposure to a a run on cash withdrawls.

Currently trust companies are under the purview of SSM.
I would only consider putting any money in it after the "efforts" to change the "Trust Companies Act" had already been passed and in law.


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A ponzi scheme can last very very long.... It is always safe until it is not...

To be honest, first in, first out ponzi participants will always sing songs and regal others on how many millions they've raked from the ones left holding the hot potato in the end.

Personally, I'm not wired for such get rich quick schemes - ponzi or otherwise - but, hey, different strokes for different folks, different grass for different cows...

To echo what many have said here, Caveat emptor

i had various trust account set up with ubb. so far no issue. have been repeating the cycle and withdraw some funds. so far no issue.

paid as promised, and get my capital without any problem.

ive been approach by different agent from different company saying their product similar to ubb cash trust. only try one of the company. so will see how that one played out. .

Just in

https://www.learnabee.com/p/wa-22ncvc-393-07-2022

How on heavens earth. UBB seems kinda sketch but they won a legal battle. That must add to their credibility.


Still staying far away personally until I can make some sense as to how their absurd returns are generated.

I guess the principle of "a person is innocent until proven guilty" applies to " a scam is not a scam until proven to be a scam".

.what are the agreed settlement?

need to pay compensation for the suits?

Settlements are normally confidential but it would be something for both parties to reach an agreement and stop the proceedings. Broadly (not saying i know all) speaking it encompasses some form of compensation, promise not to publish further defamatory and an apology.

The fellas sounded so confident going into the fight and I am surprised they "pulled out prematurely" .

I guess they see the futility of the legal proceedings and the cost that was pilling up. Normally, for defamatory action, you will need both parties equally rich and stubborn to see it to its conclusion. They they will deploy their strategies, bring in experts, delay and appeal all the way to federal court before settling.

The settlement seem to suggest that one party might have given up, a weak case (ermm?) or they lack the financial muscle especially being slapped with a hefty fine.

This is good news. For UBB ofcourse.

Ive been long enough with the company as a client, thoughout the learnabee webinar i was contemplating to withdraw. luckily i didnt else i would lose 10% of my money..

Such a huge release.