Ufun forex

Operadores de fraude Utoken de US $ 310 milhões presos na Tailândia.
Os executivos Apichanat Sankla e Pol Sub Lt Rittidej Warong foram levados ao tribunal após a sua detenção na sexta-feira.
Em um ataque na sexta-feira, a polícia tailandesa prendeu quatro executivos acusados ​​de operar um esquema de pirâmide vendendo uma criptomoeda chamada "Utoken" e roubando mais de 10 bilhões de baht (cerca de US $ 310 milhões).
Websites que promovem o Utoken afirmam que ele superará o Bitcoin e eventualmente ultrapassará o Bitcoin como a Ultimate Digital Currency & # 8221 ;.
Segundo as autoridades da Tailândia, o ataque de domingo foi resultado de várias queixas feitas por vítimas do suposto esquema de pirâmide UFun. O esquema foi de âmbito internacional, envolvendo mais de 14.000 vítimas da Tailândia, Malásia e Indonésia. Somente 250 milhões de bahts (cerca de US $ 7,6 milhões) foram apreendidos pelo Escritório Anti-Lavagem de Dinheiro até o momento.
Não é mais divertido.
UFun vendeu vários cosméticos e suplementos. A empresa se concentrou em referir novos clientes, em vez de vender os produtos. Os clientes foram incentivados a investir até US $ 50.000 para receber descontos nos produtos.
Rittidej Warong, morador de Bangkok e dono de uma parte importante do negócio, foi preso durante os ataques matinais de ontem. Rattavich Thiti-arunwat, um dos principais recrutadores do UFun, foi preso em sua residência na China Mai. As autoridades apreenderam vários itens de luxo de sua propriedade. Acionista Chaithorn Thonglorlert foi preso em Bang Na. A polícia apreendeu várias centenas de mil bahts da residência de Thonglorlert.
Rattavich Thiti-arunwat, um dos homens acusados ​​de roubar US $ 370 milhões vendendo "Utoken & # 8221; cryptocurrency.
Após as prisões, o Chefe de Polícia Somyot Poompanmoung realizou uma conferência de imprensa e revelou alguns detalhes sobre a investigação em curso da UFun. Ele disse que as autoridades se interessaram por UFun como resultado de consumidores descontentes que estavam apresentando reclamações oficiais em escritórios do governo em toda a Tailândia em 2014.
Carros e barras de ouro.
No dia 8 de abril, as autoridades declararam o UFund um esquema de pirâmide e emitiram mandados de prisão para todos os acionistas e diretores da companhia. Somyot Poompanmoung foi citado em um artigo pelo Bangkok Post:
& # 8220; Achamos que a empresa não mencionou os produtos que registrou para vender em seus campos de vendas. Em vez disso, exortou os clientes a expandir suas equipes, oferecendo em troca itens de alto valor, como carros ou barras de ouro. Dessa forma, o dinheiro que ele fez principalmente veio de novos membros ao invés de vender os produtos. # 8221;
UFun usou sua própria cryptocurrency chamada UToken para permitir que os clientes adquiram seus produtos. Os membros foram fortemente encorajados a trazer novos clientes com um esquema de bônus muito forte. As autoridades examinaram o material promocional e a quantia de fundos que foram derivados de novos participantes no esquema, e concluíram que o lucro da UFun com o recrutamento de novos membros ofuscou muito os lucros provenientes das vendas de produtos.
As autoridades tailandesas ainda estão à procura de três outros cidadãos malaios que se acredita estarem conectados ao esquema UFun.
Em março deste ano, a Trendon Shavers, apelidada de "e-mail protegido", não se declarou culpada de operar um esquema bitcoin ponzi no valor de 764.000 BTC ($ 188M no momento da impressão).
O que você pensa sobre esse recente esquema de ponzi? Compartilhe sua opinião abaixo.

Oportunidade de Negócio do uToken.
Torne-se um membro da UFUN BluePrint e lucre com o novo crescimento envelhecido, emocionante e massivo do mercado global de moeda de criptografia.
Por que ingressar na UTOKEN hoje?
Assista ao webinar.
PARTICIPE DE UM EVENTO NA WEB.
O UFUN BluePrint realiza eventos na web ao vivo regularmente. Participe de um evento ao vivo para obter informações e educação sobre as oportunidades globais oferecidas pelo UFUN.
TORNE-SE UM MEMBRO.
Novo para os segredos dos insiders? O primeiro passo é levar nosso treinamento onde você aprenderá como maximizamos o lucro e criamos liberdade para aproveitar a vida.
PEDIR INFORMAÇÃO.
Se você quiser mais detalhes sobre o uToken, você pode solicitar a informação. Você também pode solicitar uma consulta por telefone com um dos nossos especialistas.
UFUN Opportunity.
UFUN é, sem dúvida, uma oportunidade de negócio da STANDOUT. É uma oportunidade que está em hipercrescimento e não há melhor momento para entrar em um negócio do que quando está nos estágios iniciais de sua ascendência, assim como Bitcion foi em 2014.
Existem tantas razões pelas quais a UFUN desenvolveu 200 milionários em menos de um ano. Abaixo estão algumas razões pelas quais o UFUN é uma das melhores oportunidades de negócios em 2015 !!
Oportunidade de negócios da UFUN.
UFUN - UTOKEN é uma moeda digital, que é usada principalmente na maioria dos investimentos online e soluções de negociação. uToken também é uma conta oficial em moeda digital da UFUN Company. Existem duas maneiras de gerar renda. Primeiro, investir em uToken como você faria com o Bitcoin porque o preço do uToken não pode cair. Em segundo lugar, você pode patrocinar esse investimento em moeda digital e tenho certeza de que você ganhará uma boa quantidade de lucro online, ao mesmo tempo. Utoken - UFUN é uma oportunidade de negócio incrível, que pode ajudá-lo a gerar riqueza enorme.
Você pode verificar tudo sobre o GRUPO DA COMPANHIA AQUI AQUI. UFUN - UTOKEN tem sua sede em Bangkok. É uma estrutura bonita que todos os membros podem verificar a qualquer momento.
Além disso, a UFUN tem locais de trabalho em várias outras nações da Ásia. Embora o Bangkok Tower seja o hub principal, há escritórios em Cingapura, Hong Kong e um novo escritório está abrindo em Jacarta, na Indonésia, o que será ainda mais grandioso do que o seu QG existente. Mais escritórios estão abrindo iminentemente no Reino Unido, Índia, Dubai e ESTADOS UNIDOS, enquanto o projeto de expansão internacional entra em pleno vigor. Dois escritórios serão abertos nos Estados Unidos em 2015.
O que é UTOKEN.
A base do nosso design de negócios, o UToken é uma moeda digital revolucionária que foi introduzida em março de 2014, que é semelhante ao Bitcoin. O UToken é incomparável em sua categoria em todos os sentidos.
O preço de UToken está subindo constantemente para a marca de 1 dólar. Dado que a taxa de Utokens não pode cair, os UTokens não perdem seu valor de reserva, ao contrário do Bitcoin.
Cada vez que a taxa de UToken aumenta, cada membro ganha dinheiro. A quantidade feita depende do seu portfólio de UTokens. Quanto mais UTokens você tiver, mais você faz.
Simplesmente através desta renda passiva, a UFun criou mais de 5000 milhões de milionários. Como alguns membros se inscreveram quando a taxa foi de 0,10 centavos, eles viram um desenvolvimento notável, pois o custo de um UToken atingiu US $ 1. Só isso é um aumento de 900% nos lucros! E o que é mais excelente é que o desenvolvimento foi em menos de um ano.
Tem uma opção MLM.
Todos os membros da UFun ganham uma renda passiva. Incluindo você. Então, por que você não gostaria de compartilhar isso com os outros? Na verdade, cada membro da UFun vai fazer uma renda passiva considerável. O QUE NÃO É COMPARTILHAR?
UFUN desenvolveu 200 milionários em menos de 1 ano !!
uToken vs. Bitcoin
Apoiado por Reservas Bancárias O preço do uToken não pode cair mais rápido que o Bitcoin em 600% A opção do MLt é regulamentada.
Não suportado por quaisquer reservas Flutuação de preço imprevisível propensa a hackers O bitcoin não é regulado (instável) Nenhuma proteção ao comprador.
& # 8216; UToken não é mais um meio estranho na atual era digital, já que é espalhado por mais de 25 países e mais para se expandir.
O que é Utoken?
UToken é um nome de uma nova moeda digital. Você pode usar o UToken para comprar produtos, negociação segura no mercado UToken e em qualquer comerciante que aceite tal currecny digital. Para usar o UToken você precisa ser um membro do UFUN. Você pode participar da nossa equipe UFUN Blue Print.
Onde você pode comprar uTokens?
Atualmente, você não pode comprar uTokens diretamente da UFUN ou do site oficial uToken. Em vez disso, você precisa comprar o uTokens de um membro oficial do uToken. Esses membros vendem uTokens em pacotes diferentes. Você pode encontrar pacotes que variam de US $ 500 a US $ 50.000 em troca de vários vouchers de compras na loja uToken.
Onde você pode usar tokens?
uToken diz ser utilizável em todo o mundo para comprar bens e serviços diferentes. No entanto, há apenas um pequeno número de lugares que você pode usar atualmente no uToken. O UFUN criou um site chamado que permite que os membros do uToken se conectem uns com os outros e trocam o uTokens por bens e serviços. A UFUN diz que atualmente está tentando melhorar a estrutura regulatória em todo o mundo para que o uToken seja aceito em diferentes varejistas, lojas e websites. Mas porque uToken é tão novo, vai demorar um pouco até.
O UFUN é um embuste?
(i) A UTOKEN é uma negociação de mercado aberto que está operando 24 horas por dia, 365 dias por ano (diariamente, das 12:00 às 00:00 horas). Ao contrário de outras empresas que limitam a quantidade de lucro que você faz, ou apenas lucram e superam após alguns anos. Assim, nosso Investidor tem controle total de quanto lucro eles gostariam de fazer ao investir no UTOKEN.
(ii) Além disso, há uma garantia bancária e um desenvolvimento habitacional conjunto com empresas listadas como Binapuri Sdn Bhd binapuri. my/public/index. aspx, projeto liderado pelo atual diretor internacional do conselheiro de segurança nacional da Tailândia, ambas as partes têm boa reputação e riqueza. Eles fizeram o levantamento da UFUN antes de se juntarem ao empreendimento da empresa.
(iii) Os sistemas organizacionais da empresa são lucrativos e não aparecem condições de pagamento excessivo. A empresa não tira proveito dos futuros financiadores para preencher os interesses dos investidores existentes.
Outros planos de investimentos não são tão bons quanto isso?
Nós pessoalmente não podemos comparar (legalmente) outros planos de investimento com este plano de investimento. Isso é diferente em alguns aspectos e longe de instituição financeira. Você tem paz de espírito com o grupo UFUN de empresas.
Por que uma pessoa precisa de um investimento é uma excelente questão. Uma pessoa só pode trabalhar tanto e tem energia e tempo limitados para trabalhar para obter dinheiro. O salário / salário de uma pessoa é baixo, posição de trabalho instável e despesas crescentes. Isto é, quando as pessoas procuram métodos e planos de investimento para aumentar sua renda e viver uma vida de qualidade.
Assista nosso último webinar?
O que é o uToken?
Assista ao webinar.
PARTICIPE DE UM EVENTO NA WEB.
O UFUN BluePrint realiza eventos na web ao vivo regularmente. Participe de um evento ao vivo para obter informações e educação sobre as oportunidades globais oferecidas pelo UFUN.
TORNE-SE UM MEMBRO.
Novo para os segredos dos insiders? O primeiro passo é levar nosso treinamento onde você aprenderá como maximizamos o lucro e criamos liberdade para aproveitar a vida.
PEDIR INFORMAÇÃO.
Se você quiser mais detalhes sobre o uToken, você pode solicitar a informação. Você também pode solicitar uma consulta por telefone com um dos nossos especialistas.

Ufun forex
Somos Parceiros Independentes de Geradores de Riqueza.
Gostaríamos de recebê-lo para geradores de riqueza, nossa filosofia é simples, nada vale como sucesso e quot; e estruturámos o nosso negócio como tal para ajudar nossos parceiros de negócios estratégicos na construção de seu negócio Forex de Geradores de Riqueza. Isso alcançará isso aproveitando o poder da Internet, juntamente com nossa abordagem centrada no cliente, de dar atenção e mentoria individual a todos os que venham a bordo com a nossa equipe.
Ajudaremos você a aprender como negociar e dominar a indústria Forex, bem como construir sua rede de distribuidores Geradores de Riqueza para aumentar sua linha descendente através do trabalho em equipe. Você aprenderá como negociar opções forex / binárias crie sua empresa e cresça suas comissões. Você pode se posicionar para gerar renda de investimento de longo prazo através de nossas contas gerenciadas e de indústrias forex automatizadas.
Seu sucesso é o nosso sucesso e estamos empenhados em garantir que você esteja satisfeito. Vá em frente e clique no & quot; começar hoje & quot; link para o direito de contatar-nos para obter informações sobre como geradores de riqueza.
geradores de riqueza fornecem sinais de divisas que permitem que você cresça seu dinheiro ao longo do tempo, assim como um IPO em um estoque de blue chip. Agora você pode entrar neste negócio no nível do solo e capitular sobre a nova oportunidade lucrativa. CLIQUE AQUI PARA ADERIR!!
A Wealth Generators é uma empresa recorde que fornece soluções financeiras para uma vida melhor com o conceito de ajudar as pessoas a encontrar dinheiro, ganhar dinheiro e ganhar dinheiro. Essa oportunidade inovadora está mudando a maneira como essa indústria brinda produtos para o mercado ao trazer Wall Street para o fluxo principal e permitindo que a pessoa média participe nos mercados de ações e cambiais.
A Wealth Generators é uma oportunidade que traz décadas de experiência comercial para a indústria. São produtos e serviços que as pessoas desejam a preços acessíveis. É inovação, qualidade e paixão. É a nossa visão para um grande futuro, aproveitando o poder da internet junto com os mercados e oferecendo treinamento de classe mundial para nossos clientes, ajudando-os a aprender, dominar e conquistar esses lucrativos mercados financeiros.
Os geradores de riqueza experimentaram experientes comerciais que trocam em seu nome e fornecem sinais de Forex para pedidos de compra de compra precisos que permitem lucrar nos mercados financeiros. Com este sistema, você não precisa ser um especialista em Wall Street ou um Guru forex. Nós fazemos todo o trabalho duro para você enquanto você sente e vê seu dinheiro crescer. No entanto, se você também gostaria de aprender como negociar e se tornar um especialista, nós fornecemos webinars semanais, treinando em nossas salas de negociação onde as negociações ao vivo são executadas. você poderá fazer perguntas e receber um suporte on-line para entender os prós e contras desse mercado desafiador com nossos especialistas experientes. Então, em essência, você ganha enquanto você aprende e com o nosso sistema comprovado. Existem diferentes níveis em que você pode participar neste negócio, um gráfico abaixo descreve os detalhes e o custo. Quanto maior o pacote é o maior potencial de renda e rankings. Partilhe com a nossa equipe e comece seu negócio batendo no chão, nós ofereceremos o treinamento, a orientação e as ferramentas para começar com um estrondo.
PRODUTOS DE GERADOR DE RIQUEZA & amp; CUSTOS DE INSCRIÇÃO.
Os geradores de riqueza são um Forex & amp; Oportunidade comercial de marketing de rede:
-Você pode renunciar às suas taxas mensais sigindo três outros para se juntar (você também pode ganhar renda, mesmo se você não inscrever ninguém, seu dinheiro é negociado por nossos comerciantes especialistas que cultivam seus fundos no piloto automático)
- Você pode criar renda para sua liberdade financeira, sendo seu próprio chefe, comprando sua casa de sonho ou carro com Geradores de Riqueza.
Direitos autorais e cópia; Club Team Elite. Todos os direitos reservados.

uFUN uTOKEN Review (Scam de oportunidade de moeda digital de MLM?)
Atualizar julho de 2015 & # 8211; Parece que a operação Ufun / Utoken agora está operando sob a marca Unascos. Vamos atualizar tudo o que encontramos e deixar esta página à luz de toda a atenção negativa e histórias que circulam sobre a Ufun.
Você foi um dos milhões que assistiu à margem quando o Bitcoin apareceu, subiu para a sua glória total e fez milhões para aqueles investidores adiantados e sortudos? A moeda de pagamento digital começou com menos de um dólar, depois subiu para mais de mil dólares, depois diminuiu para algumas centenas de pessoas, ainda gerando fortunas para quem pegasse o trem Bitcoin de volta antes que alguém soubesse disso.
Bem, agora você pode ter outra chance: só que desta vez é U-Token. Se vai seguir o caminho glorioso de Bitcoin ou tropeçar no anonimato ainda não foi visto. Enquanto isso, como funciona, é seguro e quais são as oportunidades para comerciantes empreendedores, como você? Começamos com o básico & # 8230;
O que é o uToken?
uToken é um sistema de moeda digital que permite o & # 8220; pagamento & # 8221; para bens e serviços onde quer que seja aceito. Comerciantes e indivíduos também podem usar o uToken para trocar trocas entre si.
Basicamente, é Bitcoin.
O valor em dinheiro real da uTokens é suportado a uma taxa de 22% com contas no UDBP Bank, BDG Bank e NICO Finance. Há US $ 100.000.000 investidos no Banco UDBP para sustentar o uTokens.
Atualmente, existem 600 milhões de UTokens disponíveis. Havia originalmente 100 milhões, mas depois de 2 divisões, o número cresceu. Os proprietários desses 100 milhões originais agora têm 6 vezes o valor.
Onde você obtém o uTokens?
Você pode comprar uTokens em seu site, ou você pode adquiri-los através da troca de seus produtos ou serviços. Comprá-los no site requer um login de membro, que é gratuito.
Você também pode adquiri-los através do sistema uFun, que é o programa de referência para o uTokens.
Onde os uTokens da UFUN podem ser usados?
Bem, existe o "UBT Mall & # 8221 ;, que tem um site e serve como um portal de compras para os comerciantes que aceitam o uTokens.
É um pouco diferente do seu portal médio, no entanto, uma vez que os produtos estão listados sob o disfarce do UBT Mall em vez de nomes de varejo. Você não verá a Macy's ou UnderArmour aqui.
De fato, algumas das imagens dos produtos ficam um pouco como as fotos e # 8230 do eBay, esticadas, caseiras e mal iluminadas.
Mas comprar jeans com seu uToken não é por que você está aqui. Possivelmente uma oportunidade de investimento de Bitcoin, então vamos verificar isso.
uFun: o uToken Opportunity.
Participar do programa significa escolher seu nível de & # 8220; investimento & # 8221; de uma associação de 1 estrela a 5 estrelas:
Nível de 1 Estrela: $ 500 (bônus de referência de 7%) Nível de 2 estrelas Nível: $ 1.000 (8%) 3 Estrelas Nível: $ 5.000 (9%) Nível de 4 estrelas: $ 10.000 (10%) Nível de 5 estrelas: $ 50.000 (12%)
Então, se você conseguir alguém para se juntar ao nível de 2 estrelas, você recebe 8% do seu investimento depois de 20% ter sido retirado para encher os cofres da conta uToken Reserve Ltd *.
$ 1000 * .8 = $ 800. 8% * $ 800 = $ 64.
Se você estivesse no nível de 4 estrelas, sua comissão na mesma inscrição acima seria de $ 80.
Para você, a diferença entre entrar no sistema uFun em 2 Star Level e 4 Star Level é bastante significativa: preço de US $ 1.000 versus preço de US $ 10.000. E a diferença, como você viu no exemplo acima, é de apenas US $ 16 em comissão!
Mas junte-se ao nível inferior de 2 estrelas e peça a alguém para se juntar às 3 Estrelas & # 8230 e sua comissão dispara para US $ 320.
Claramente, a maneira de ganhar dinheiro é se juntar a um nível de estrela mais baixo e, em seguida, obtenha referências de nível de estrela mais altas para se inscrever.
uFun colocou uma regra de matar alegria em sua estrutura de compensação: o nível de estrela que você está em vontade terá um limite no que você pode ganhar todos os dias.
Então, se seus times fazem fantasticamente e você faz um monte de dinheiro um dia, muito ruim, porque você só pode fazer tanto por dia nesse nível de estrela. Para obter sua comissão completa, você terá que atualizar para o próximo nível de estrela & # 8230; que, como você sabe, custa milhares (consulte a lista no início deste artigo).
Basicamente, eles estão dizendo, se você fizer muito bem um dia, nós conseguimos manter os lucros.
Como suas bônus são distribuídos para você.
30% vai para a sua UPoint Wallet, que é o que você usa para comprar o UTokens.
70% vão para a sua Carteira de Bónus, que pode ser retirada em dinheiro, uma vez que haja $ 100.
Portanto, se você não tem nenhum uso para o UTokens, você está perdendo acesso imediato e seguro a 30% do & # 8220; cash & # 8221; você ganhou.
Conclusão.
O uToken pode parecer excitante à luz do que aconteceu com o Bitcoin, mas o plano de compensação uFun é um pouco complicado. Concedido, as comissões são emocionantes, mas vai ser um monte de trabalho convencer as pessoas a investir em um imitador Bitcoin agora, especialmente com uma empresa tão nova (menos de 2 anos). Fique atento a isso, mas seja cauteloso.
* Tem que haver dinheiro lá para respaldar o valor dos uTokens e atender às diretrizes da BASEL, que são regulamentos internacionais projetados para fortalecer o sistema bancário exigindo certos níveis de dinheiro real para fazer backup de sistemas como o uToken, por exemplo.

uFun Club Review: investimento em moeda digital uToken.
Juntar uma imagem precisa A oportunidade do uFun Club apresenta um pouco de desafio.
A empresa opera um site no domínio & # 8220; ufunclub & # 8221 ;, mas você deve ser pressionado por descobrir uma oportunidade de negócio anexada ao MLM.
Além de ocultar a oportunidade comercial, não há informações no site que indiquem quem é dono ou administra o negócio.
O domínio do site uFun Club foi registrado em 7 de dezembro de 2012, no entanto, o registro do domínio está definido como privado.
A única coisa a ser obtida do site do uFun Club é que, supostamente, a empresa está sendo mantida fora da Ásia. Para esse fim, vários endereços de escritórios asiáticos estão listados no site da empresa.
Credited como o & # 8220; inventor do sistema & # 8221; uFun Club usa é um homem conhecido como "# 8220; Mr. Huang & # 8221 ;:
Huang é supostamente baseado em Cingapura e é referido por afiliados do uFun Club como "um matemático chinês".
Onde o nome de Huang é mencionado em conexão com o uFun Club, o fluff usual sobre "passar anos" para desenvolver & # 8221; O sistema uFun Club segue.
Há pouca ou nenhuma informação lá fora quanto à experiência de Huang na indústria de MLM. Inferno, tive problemas mesmo com o básico, como o primeiro nome de Huang & # 8217;
Isso é provável por design. Também não está disponível informações sobre se Huang está diretamente envolvido no uFun Club e em que medida.
Outro rosto que surgiu consistentemente na promoção do uFun Club foi o de Athiwat Soonpan:
Soonpan é creditado como um assessor de força de defesa tailandês e, como acima, aparece regularmente em vestimenta militar para fotos de uFun Club.
Sua história de MLM ou como ele veio a ser o presidente internacional do uFun Club? Nenhuma idéia.
Soonpan me pareceu um pouco mais do que um posterboy para a empresa, alguém para se vestir e ser o rosto do uFun Club.
Como um afiliado do uFun Club reivindicou em um vídeo de marketing, Soonpan emprestou seu nome ao uFun Club & # 8216; estabelece credibilidade instantânea aqui no leste & # 8216 ;.
Trabalhando a seu favor quando se trata de comercializar o uFun Club, é que as pessoas de língua inglesa não terão 100% de certeza sobre o que eles estão olhando.
Eu vi uma montanha de reclamações feitas em apresentações do uFun Club que eu assisti. As fotos e as capturas de tela de artigos supostamente fazendo backup das reivindicações aparecerão na tela por alguns segundos, no entanto, em nenhum momento foram apresentados fatos.
Definitivamente tenha cuidado com a maioria das reivindicações feitas em torno da promoção do uFun Club. Se você se propôs a fazer sua própria pesquisa, aqui é apenas um exemplo das afirmações suspeitas que você pode esperar encontrar:
Conversações e acordos também estão sendo realizadas entre o governo chinês (sic) e a UFUN Management para atualizar oficialmente a Utokens como a moeda digital reconhecida da China.
Se você não consegue nem mesmo uma história direta sobre o fundador da empresa, acreditar em qualquer outra coisa no valor de face é pedir demais.
Com tudo isso em mente, continue lendo para uma análise completa da oportunidade de negócios do uFun Club MLM.
A linha de produtos uFun Club.
Não é tanto um produto quanto veículo para solicitar investimentos de afiliados, o uFun Club reivindica operar a moeda digital uToken.
As afiliadas podem investir na uToken, exclusivamente através do uFun Club.
O uFun Club mantém o controle sobre o valor percebido do uToken, que só pode ser trocado através de uma troca que eles próprios operam.
O Plano de Compensação do uFun Club.
O plano de compensação uFunClub gira em torno da filial que investe na empresa e recruta outros que fazem o mesmo.
Cinco pacotes de investimento do uFun Club estão disponíveis:
Cada pacote de investimento vem com uma série de uPoints, que podem ser usados ​​para comprar uTokens do uFun Club.
Observe que 30% de todas as comissões pagas pelo uFun Club devem ser reinvestidas de volta na empresa.
O quanto uma afiliada do uFun Club investe na empresa também determina seus ganhos diários máximos da seguinte forma:
ROIs de investimento da uToken.
A quantidade de uTokens que pode ser adquirida por uPoint flutua de acordo com o capricho do uFun Club.
As afiliadas do uFun Club investem dinheiro real na empresa, que é então convertida em pontos e convertida novamente em uTokens.
Com base em quanto o novo investimento de afiliados está fluindo para a empresa, o uFun Club estabeleceu o preço de venda da uTokens em conformidade.
As afiliadas do uFun Club podem, então, vender seus uTokens para ganhar comissões, ou sentar-se nelas e esperar que o novo investimento de afiliado continue a elevar o valor da retirada.
Comissões de referência.
As comissões de referência são pagas em todos os investimentos feitos com o uFun Club.
Cada investimento feito com a empresa tem um valor de ponto correspondente atribuído a ele (diferente dos uPuntos referenciados acima):
Quanto de uma comissão de referência é paga depende de quanto um afiliado do uFun Club investiu:
Observe que uma afiliada do uFun Club só pode ganhar uma comissão de referência em seu respectivo nível de investimento.
Ou seja. Um afiliado que investiu no nível 3 estrelas só pode ganhar 9%. Isso é verdade se seus investidores recrutados investirem no nível 1 Star (9% de 400 pontos = US $ 36) ou no nível 5 Star (9% de 40.000 pontos = US $ 3600).
A única maneira de um afiliado do uFun Club aumentar o valor percentual da comissão de referência é investir somas de dinheiro maiores com a empresa.
Comissões Unilevel.
As comissões residuais são pagas em investimentos feitos por afiliadas recrutadas por meio de uma estrutura de remuneração estilo unilevel.
Uma estrutura de remuneração unilevel coloca um afiliado no topo de uma equipe unilevel, com cada afiliado pessoalmente recrutado colocado diretamente abaixo deles (nível 1):
Afiliados a recrutadores de afiliados recrutados diretamente, são colocados no nível 2 da equipe de unilevel da filial original. Quaisquer afiliados que eles recrutam são colocados no nível 3 e assim por diante, e assim por diante, abaixo de um número teórico infinito de níveis.
Índice uFun Club pagável a níveis de nível inigualável em 8 níveis, com quantos níveis um afiliado é pago em determinado por quanto dinheiro eles investiram na empresa:
1 estrela & # 8211; 3% nos níveis 1 a 3 2 estrelas & # 8211; 3% nos níveis 1 a 4 3 estrelas & # 8211; 3% nos níveis 1 a 5 4 estrelas & # 8211; 3% nos níveis 1 a 6 5 estrelas & # 8211; 3% nos níveis 1 a 7.
Observe que, no nível 1, a comissão paga é sobre a porcentagem da comissão de referência direta paga.
Comissões Binárias.
As comissões residuais secundárias são pagas no uFun Club usando uma estrutura de compensação binária.
Uma estrutura de compensação binária coloca um afiliado no topo de uma equipe binária, com duas posições diretamente abaixo deles:
Estas duas posições significam investimentos feitos por afiliadas recrutadas, recrutados direta ou indiretamente.
Essas posições também formam o início de duas equipes, os lados esquerdo e direito do binário.
Cada investimento feito com uFun Club traz um valor de ponto específico com ele, que é usado para calcular uma comissão de emparelhamento através do binário.
Os valores pontuais correspondentes ao investimento em uFun Club são os seguintes:
Cada vez que uma nova posição binária é preenchida por meio de novo investimento em um dos pacotes acima, os pontos correspondentes que o investimento gera são rastreados no lado do binário em que o investimento é colocado.
No final de cada dia, o uFun Club soma os pontos gerados em cada lado do binário, combinando as quantias de pontos de investimento em ambos os lados usando uma proporção de 1: 1.
Por exemplo. Dois investimentos de 1 estrela em ambos os lados do binário serão emparelhados, idênticos a dois investimentos individuais de 2 estrelas em ambos os lados e assim por diante.
Uma vez que um novo investimento tenha sido emparelhado com um novo investimento no outro lado do binário, ele não poderá ser usado novamente.
As comissões são pagas como porcentagem dos pontos correspondentes. O valor de uma porcentagem paga depende novamente da quantidade que um afiliado do uFun Club investiu com a empresa:
Bônus de piscina mundial.
O uFun Club oferece afiliados que investem grandes somas de dinheiro com elas no montante total de fundos investidos globalmente na empresa.
As afiliadas que fizeram pelo menos sete investimentos de 3 estrelas receberão uma participação em 1% dos fundos investidos no uFun Club em todo o mundo.
Os afiliados que fizeram pelo menos sete investimentos 4 Star recebem uma participação de 2% e os afiliados que fizeram pelo menos sete investimentos 5 Star recebem uma participação em um pool de 3%.
Investimento na Casa do Resort.
Nas várias apresentações de afiliados do plano de compensação do uFunClub, me deparei com um nível de investimento separado para US $ 150.000.
De acordo com o slide acima, o uFun Club parece estar empacotando unidades em uma casa de resort e três pacotes de investimento de 5 estrelas por US $ 150.000 (1 unidade) e US $ 350.000 (3 unidades) antecipados.
O resort atualmente não existe, mas tem uma data de conclusão anunciada em 2017.
O investimento de US $ 150.000 ou US $ 350.000 no uFun Club também aumenta a comissão binária de um afiliado a 12%.
Juntando-se ao uFun Club.
A associação de afiliados ao uFun Club está vinculada ao investimento em um dos cinco pacotes oferecidos pela empresa:
Conclusão.
Para todas as alegações extravagantes e ridículas que os afiliados do uFun Club fazem em suas apresentações de marketing, em seu núcleo, o uFun Club é um esquema Ponzi de moeda digital bastante comum.
Tendo analisado alguns esquemas de moeda digital MLM agora, posso dizer que uFun Club não é diferente.
As afiliadas investem em um dos cinco pacotes anunciados. O quanto eles investem diretamente afeta seu potencial de ganhos, e eles são pagos comissões de referência para levar novos investidores a bordo.
Quanto à moeda digital uToken, para colocá-la sem rodeios: é toda besteira.
O uFun Club simplesmente ajusta o quanto eles desejam torná-lo valer diretamente com base em quantos novos fundos de afiliados estão entrando no esquema.
Basicamente os afiliados estão investindo e esperando que a empresa continue a aumentar o valor interno da uToken. Qualquer valor percebido está vinculado diretamente ao valor dos fundos de afiliados investidos que o uFun Club atualmente possui em sua reserva.
O resto é apenas o seu habitual espumas Ponzi e espelhos, embora em esteróides, porque aparentemente o bar para a detecção de besteiras na Ásia não é muito alto.
Sem dúvida, as inúmeras imagens de negócios reais que você nunca ouviu de aceitar uToken serão anunciadas como prova da legitimidade da uToken, mas, por trás de cada negócio, você simplesmente encontrará um investidor uToken & # 8211; seja ele diretamente ou através de relações / amizades.
Eles estão aceitando apenas o uToken para aumentar sua participação na moeda virtual que o uFun Club implantou para enfrentar seu esquema Ponzi. Novamente, esperando contra a esperança de que o uFun Club continue a aumentar indefinidamente o valor interno do uToken.
Como acontece com todos os esquemas Ponzi, uma vez que o novo investimento afiliado reduza o valor interno do uToken entrará em colapso. Tendo controle total sobre a moeda virtual, o uFun Club ajustará o preço para zero até que um novo investimento seja retomado.
Se não, kaboom.
Eu vi conversas sobre o uFun Club (ou melhor, ansiosos investidores do uFun Club de língua inglesa) esperando que a empresa quebrasse o mundo ocidental em breve.
Nos EUA, não há como saber que isso não será visto como algo além da oferta de valores mobiliários não registrados e encerrado.
Esquemas Ponzi no passado que usaram o modelo de pontos e foram expostos pelo que são incluem Zeek Rewards.
As afiliadas da Zeek investiram em lances VIP, que eles poderiam converter em pontos com 1 ponto pagos por meio de um valor percentual que a administração da Zeek criou todos os dias.
O uFun Club simplesmente substituiu os pontos de lances de leilões de moeda de um centavo com pontos de moeda digital. Caso contrário, o mesmo golpe de investimento da Ponzi está sendo reproduzido novamente.
Posts Relacionados:
uFun Club raids & # 038; detenções na Tailândia (uToken) - 11 de abril de 2015.
215 Comentários sobre o "uFun Club Review: uToken investimento em moeda digital" # 8221;
A verificação do show de & # 8220; 10 milhões & # 8221; & # 8230; Não podemos identificá-lo. Existem algumas palavras chinesas abaixo do & # 8220; BDG Bank & # 8221; mas diferente de & # 8220; Bank & # 8221; no final eu não consigo sair. & # 8220; Nove & # 8221; alguma coisa.
Com um número de cheque de 8888888 e sem assinatura, as pessoas do uFunClub podem nem se preocupar em disfarçar o fato de que é uma dessas verificações de novidades disponíveis on-line por US $ 130 ou menos.
Não há defesa por qualquer meio, mas alguém já emitiu um cheque real que grande? E se eles o fizessem, que idiota deixaria uma foto ser tirada?
Pelo menos, este não foi apoiado por algum lixo religioso.
Eu estava pesquisando mais informações sobre o UFUN antes que este teste fosse lançado, e sobre suas alegações de que os tokens do UFUN são & ndash; Backed & # 8221; e você nunca perderá nenhum valor nos tokens.
Eu estava olhando para mais informações sobre a UFUN antes que esta revisão estivesse fora, e as suas afirmações de que os tokuns UFUN são "Backed" e você nunca perderá nenhum valor nos tokens.
Standard Ponzi BS.
uFunClub define o valor de uTokens. A única coisa que "suporta" # 8221; é a taxa de novos investimentos e quantos fundos ainda não foram retirados (reserva Ponzi).
Alguns desses americanos melhoram deixar o país se quiserem ir muito para este ponzi.
A moeda digital com um & # 8220; nunca caindo & # 8221; O preço é realmente uma idéia maravilhosa, eu não sei por que eles o arruinaram & # 8230; é uma vergonha
Por exemplo, carteiras de bitcoin topo:
top 10: $ 15,178,178.
Top 100: $ 2.284.801.
250 principais: $ 1.023.447.
Eles podem retirar até US $ 50.000 por dia.
Bom dinheiro para um pouco de sorte e sem trabalho & # 8230;
Triste que eu não comprei quando o preço foi de alguns dólares há 5 anos atrás, eu simplesmente não acreditei em bitcoins 🙁
Existem mais & # 8220; claro & # 8221; coisas sobre o UFUN:
& # 8211; UFUN está listado na Comissão de Valores Mobiliários da Malásia como # 8220; Não licenciado pelo SC para realizar atividades de mercado de capitais & # 8221 ;: sc. my/list-of-unauthorised-websites-investment-products-companies-individuals/#u.
& # 8211; Binapuri escreveu uma "Carta de esclarecimento" # 8221; que eles não estão afiliados à UFUN, também em seu site, binapuri. my & # 8221 ;: binapuri. my/CMS/Images/UploadedDocument/DOC000000716.pdf.
& # 8211; Banco Negara Malásia (BNM) sites afiliados UFUN na lista negra: bnm. gov. my/documents/2014/20140725_FCA_EN. pdf.
& # 8211; Eles usam bancos localizados em Ilhas (por exemplo, Vanuat, Bahamas, Gwinea), por que não e. Bangkok Bank, Maybank ou ICBC (maiores bancos em Bangkok, Malásia e China)?
& # 8211; O UFUN não está listado na & # 8220; coinmarketcap & # 8221 ;, entre com outras 591 moedas digitais.
& # 8211; Notícias da Tailândia relataram UFUN como esquema de pirâmide & # 8221; (43 minutos): tv. ohozaa / hour-rerun / 5 / 2015-01-02 / 22 /
Você pode ler mais aqui:
Não gosto quando um programa de compartilhamento de receita do MLM oferece um buy-ins high-minumum para se juntar ao # 8230; É um grande alerta vermelho para mim. Why not offer coins for 1$ and let them grow from 0.01 every week, based on a real sales? I have no idea… their minds are limited…
I do not deny UFUN, but there is too much red alerts for me. I hope that there will be a legitimate project, with a real intentions and trusted CEO.
what about their claims that the UFUN tokens are “Backed” and you will never lose any value on the tokens.
“It will never lose any value” can mean “ “It wasn’t worth anything in the first place, so there wasn’t any value to lose” . 🙂
UFUN seems to be big in certain Asian countries (e. g. Thailand, Phillippines, Malaysia, Singapore), but it hasn’t really managed to establish itself outside that region.
It was tried being introduced on the MMG forum in late October 2014, but the thread only has 7 posts and has been placed in the cathegory “MLM, Direct Selling , Referral & Network Marketing” (initially the wrong cathegory for Ponzi schemes).
Current status = “Closed, Inactive & Offline” .
TS = Thread Starter = ufunworldteam.
1. October 27 (2014) TS.
2. November 5 TS “Thank you to all 10 people who come to join my team”
3. November 15 TS “Thank you for 24 people who joined my team”
4. January 12 (2015) “I think I’m first person from Poland”
5. January 16 “Seems to good to be true”
6. January 22 “Is this program closed?”
7. January 30 “anyone know how many members are in this now??”
Even failures like Wenyard received more response. TS made a decent enough job trying to introduce it, writing a type of “summary” for what the opportunity was about.
I’m being bombarded by 2 UFUN reps trying to get me to signup, I showed them this review and they claimed it’s all BS and UFUN tokens are backed by gold, so I would’nt lose.
After reading this review, i’m no longer interested in UFUN.
that doesn’t seem like much fun at all.
Aren’t Utokens backed by real currency, so I doubt its bullshit. Its the only digital currency backed by a real Reserve.
Mr. Huang is the creator of the original system, but he has nothing to do with UFUN ….
I’m being bombarded by 2 UFUN reps trying to get me to signup, I showed them this review and they claimed it’s all BS and UFUN tokens are backed by gold.
Ask them how they paid for their first investment, or how YOU are expected to pay for your first investment?
You can ask indirectly, e. g. “How do I sign up and pay?” or “How do I sign up other people?” .
There’s 2 possible payment methods:
1. Paying directly to the sponsor (the sponsor gives you uTokens).
2. Paying directly to the company (the company gives you uTokens).
Payment method 1.
UFUN Club has a system in place where people can transfer uTokens between members in upline/downline, directly from the back office.
A sponsor can accept money directly from the people he recruit when he sign them up and create new accounts. He can then give them uTokens from his own uToken balance, i. e. the sponsor will get real money while the new investor will get worthless uTokens (worthless outside the network).
With that model, the company will neither get money nor uTokens as payment. It will only get a new member. The sponsor will keep the money.
Whenever I read the name, I see the letter but my brain interprets it as UNfun. Its like one of those brain game things. Probably a fitting one.
Aren’t Utokens backed by real currency.
And what currency is that?
Again, uFunClub set the value of uToken – backed by nothing more than how much new investment funds are flowing in and the funds that haven’t been withdrawn yet.
UToken is indeed the only Digital Currency backed by a Reserve Fund and by a Grade A Insurance company. uToken Reserve bank.
UTokens are issued by UToken Reserve Limited.
UToken Reserve is deposited in a Fiduciary Bank who manage UToken Trust account.
UToken is indeed the only Digital Currency backed by a Reserve Fund.
Which reserve fund?
a Grade A Insurance company.
Which insurance company?
UToken Reserve is deposited in a Fiduciary Bank.
Man, the Ponzi bullshit is thick with this one. All the investors can do is run around the internet parroting the BS claims they heard from their uplines.
Talk about playing on the naivety of its’ victims.
UFUN Reserve Limited is working towards being a recognised international Digital currency that pledge it’s real values by collateral gold to World Bank and will be one of the world’s most trusted digital currency in the world.
Sounds almost believable, doesn’t it .
Well, if you ignore the fact the “World Bank” isn’t a bank at all, that is.
Which part of the world are you from?
Grade A Insurance company.
Which credit rating agency are you talking about? Here’s a list.
UToken Reserve is deposited in a Fiduciary Bank.
“Fiduciary Bank” will most commonly translate to Mutual Savings Bank / Credit Union and similar types of banks, chartered by a financial authority.
Here’s a list of countries / banks. In which country is the bank registered?
The uFun Club website domain itself was registered on the 7th of December 2012 —oz.
utokens are only an year old, however, and doing business in 15 countries [asia region], currently. apparently you CAN pay for cars, watches, hotel stays and eateries using Utokens in some places.
three top names associated with utoken/ufun:
Gen athiwat soonpan — International president [forces uniform]
Kevin cho —- ufun group advisor.
Dato Daniel tay —- marketing director [forces uniform]
the head office is a whole tower at :
18 bangna complex bangna trad 25.
there is a formal function between utoken/ufun, with three banks present on the dais:
UDBPB bank, NICO, BDG bank.
there are a few more ‘physical offices’ in asia pacific countries.
they are ‘positioning’ themselves as a competitor of bitcoins.
please take a look at this slide share, and tell me what you see:
The places accepting uToken are run by uFun Club affiliates (or they are friends/relatives of affiliates). They’re only looking to increase their share of uTokens.
Any relationship a bank has with this company is likely just the same as any other Ponzi scheme, in that all they do is hold invested affiliate funds.
The slideshow you linked is full of the usual pie in the sky claims made by uFun Club affiliates. It’s all smoke and mirrors to detract attention from the fact that affiliate investment is the only thing backing the value of uToken.
please take a look at this slide share, and tell me what you see:
A lot of marketing BS, exactly what you can expect from a Ponzi scheme?
I didn’t need to watch all the 70 slides. I checked the “UFUN Tower” address (slide 5), and found this:
Name : Bangna Complex18.
Price : Rent 15,000.00 ฿/ Month.
I googled “18 bangna complex” and “18 bangna complex bangna trad25” , 2 versions of the address listed for the UFUN Tower in Bangkok.
15,000 Bath per month is relatively affordable from my POV.
well, utoken, is not your usual run of the mill, slimeball ecurrency ponzi. they are going to do this very publicly, with a full show of authority, like lyoness or FHTM.
so, they could be around for a while.
well, utoken, is not your usual run of the mill, slimeball ecurrency ponzi. they are going to do this very publicly.
All I can see is vague and diffuse marketing BS, with no real substance. And some photoshopped images of offices, with the UFUN logo copied in everywhere it will be visible enough.
so, they could be around for a while.
ZeekRewards managed to “be around” for 20 months (January 2011 to August 2012).
TelexFree managed to “be around” for 2 years (April 2012 to April 2014). Brazil 14 months (April 2012 to June 2013). USA 16 months (January 2013 to April 2014)
SpeakAsia managed to “be around” for 18 months or so?
So yeah, uFun can clearly be expected to “be around” for some months. That shouldn’t come as a surprise to anyone?
All I can see is vague and diffuse marketing BS, with no real substance —norway.
frankly, i saw some level of organization in the slide share. BS looks a bit different.
So yeah, uFun can clearly be expected to “be around” for some months. That shouldn’t come as a surprise to anyone?—norway.
on the other hand, if they have senior men in uniform being their public face, and banks holding their hands in public, there is a real possibility that they can continue the facade longer, like FHTM or lyoness.
I’m sure you have been asked this question a thousand times but what is the difference between pyramid and ponzi schemes?
I had a little look on Google and different sites say slightly different things, so I thought I would ask here.
Ponzi scheme, invest money and steal money from those who invest after you. Recruitment optional (if it exists, it becomes a Ponzi/pyramid hybrid).
Pyramid scheme, pay a fee to participate (multiple ways this is presented), and earn commissions for recruiting people and people they recruit etc.
frankly, i saw some level of organization in the slide share. BS looks a bit different.
You probably saw some reflections of your own ideas. That doesn’t mean it isn’t BS, it only means it can have been “BS of the type accepted by Anjali”. 🙂
I didn’t need to look at 70 slides to find out that it was mostly BS. You can try to google “Bangna Office Tower” , and you will probably find out that the “U” logo has been photoshopped (it exists in uFun photos, but other photos of the same building have either no logo or a different logo).
What exactly did YOU check?
You should normally check SOMETHING by using a different source than the company itself or people affiliated with the company.
on the other hand, if they have senior men in uniform being their public face, and banks holding their hands in public, there is a real possibility that they can continue the facade longer.
“Senior men in uniform” probably have much more effect in Asian countries than in western ones.
I will see it as a sign of corruption rather than as a sign of trustworthiness, so that marketing method missed the target completely.
Sure it will be around for a while. I know a guy that took a flight there to a conference and verified everything they are doing. So that being said everything thats reported on this site is not true.
I know a guy that took a flight there to a conference and verified everything they are doing.
Verified what exactly? Who are “they”?
So that being said everything thats reported on this site is not true.
Based on what? Some bullshit claims your “friend” made? Come on son. It’s obvious uFunClub just use newly invested funds to pay off existing investors.
The recruitment commissions give the game away, as they do the same thing there on recruitment.
Why is it uFunClub investors can’t provide any explicit examples to prove the crap they make up?
Sure it will be around for a while. I know a guy that took a flight there to a conference and verified everything they are doing –mike.
whether ufun, survives one year or five, is merely a question of academic interest. if they dress ufun up with decorated generals and miss malaysia uber glam, does not mean the business becomes legit.
if ufun collapses soon, lesser people will lose money, if they manage to create a false facade and spread to godknows how many countries, more people will get harmed.
your post was so UNinformative, it’s almost silly.
what did your friend ‘verify’, you’re supposed to explain that, instead of just putting your personal stamp of approval on ufun.
Mike : I know a guy that took a flight there to a conference and verified everything they are doing.
What exactly did he verify, and is he qualified to make such “verifications”?
Keep in mind many schemes keep up just a facade to keep you from looking closer.
Bernie Madoff sent his victims fake statements for YEARS, as an example. He looked legitimate, was head of NASDAQ and all that, had decades of experience, blah blah.
Leon : difference between pyramid and ponzi schemes?
They are “mostly” the same. The differences is who do you send the money to, and do you *have* to recruit.
In pyramid schemes, you *have* to recruit to get paid. Usually, there’s a requirement to recruit X people. (A “cycler”, or an 8-ball scheme are examples of pyramid schemes)
In ponzi schemes, you pay the scheme, and do not have to recruit to get paid after a certain time, i. e. by time Y you get your money plus a little bonus back.
You can easily have a hybrid of both, like “you don’t have to recruit, but you only get paid when X people join after you” (like Achieve).
Most modern schemes are hybrids. They can easily use terms or models based on either Ponzi or pyramid. Pyramid schemes will adopt Ponzi like language, while Ponzi will adopt MLM or Pyramid scheme language.
The idea is confusion, so they can argue “we’re not pyramid scheme because we dont’ have _____” (that’s because they’re a hybrid… or they’re just writing bull****)
anjali : if they dress ufun up with decorated generals and miss malaysia uber glam, does not mean the business becomes legit.
TVI Express dressed up a police chief in Indonesia and a local TV celebrity actress for their events.
Heck, Tarun Trikha even hired an airline exec to start an airline (never flew a single flight, IIRC) Took Indonesia two years to yank their operating license and prosecution started all over the country.
Here’s the Indonesia police chief reference:
and here’s the Indonesia model/actress endorsing TVI Expres.
Links and probably long dead, but I kept screenshots.
IMHO, this UFUN thing is just MOTS: more of the same.
I’m sure you have been asked this question a thousand times but what is the difference between pyramid and ponzi schemes?
I had a little look on Google and different sites say slightly different things, so I thought I would ask here.
Pyramid schemes are generally recruitment based . They will require money coming in from new or old participants before they pay anything out.
Ponzi schemes are generally based on false “profit promises” , based on some type of investment. It can be about any type of investment , e. g. financial investments or work from home contracts.
Any Ponzi scheme reviewed here will be Ponzi/pyramid hybrids . They will have both components, both a recruitment component where people can earn rewards based on recruitment and a component where people believe they can earn a profit based on “passive investment”.
The investment doesn’t need to be completely passive. ZeekRewards and TelexFree had the requirement of posting 1 ad per day (a 3 minute job). SpeakAsia had “fill out one online survey per week”.
Other schemes can have “visit 10 websites”, “watch 5 video ads”, “answer 5 questions”, “click on 10 ads”, etc., a type work that isn’t profitable in itself but it will mislead people to believe they’re being paid for work.
I’m being bombarded by 2 UFUN reps trying to get me to signup, I showed them this review and they claimed it’s all BS and UFUN tokens are backed by gold, so I would’nt lose.
After reading this review, i’m no longer interested in UFUN.
Do some research on a “program” known as “Flat Electronic Data Interchange” (FEDI). Expect to find a narrative very similar to the uFUN narrative.
Your blood will run cold if you do the FEDI research.
I know a guy that took a flight there to a conference and verified everything they are doing.
Try to answer some of the questions rather than telling stories?
You made some vague claims in post #16, so I asked 2 or 3 questions in post #19 and #20.
1. Which country are you from? (to check if that country use some other standards for banks and insurance companies)
2. Which credit rating agency are you talking about? (“Grade A” doesn’t mean anything if you don’t identify which rating agency)
3. In which country is your “fiduciary bank” registered and licensed? (If you want me to believe in your claims, you should at least allow me to check it myself)
If you can’t answer questions #2 and #3, then you shouldn’t make any claims either. It will probably be better if you bring in that guy (the one who verified it himself).
In which country is your “fiduciary bank” registered and licensed? (If you want me to believe in your claims, you should at least allow me to check it myself)–norway.
i think ufunners are parroting directly from a ‘standard prepared information pamphlet’, which is found all over the net [posted by different affiliates]:
UTOKEN is deposited in a fiduciary bank who manages UTOKEN trust account where it is fully insured by Grade A insurance company.
Basically the fiduciary bank maintains deposits on behalf of UTOKEN Reserve, thus creating safe record keeping which would allow safe credit rating.
Pledged by recognized banks:
1. UDBP Bank : Website: udbpbank.
2. BDG Bank: Website: bdg-guinea.
3. NICO Financial.
note that the fiduciary bank and grade A insurance company are not named. what the rest of those banks are doing with ufun, can probably be marked up to the ‘corrupt powers’ of senior military men. but it helps build the facade.
Do some research on a “program” known as “Flat Electronic Data Interchange” (FEDI)—PPblog.
In September 2008, in the federal district court for the Southern District of New York, Anderson pled guilty to wire fraud charges for operating a Ponzi scheme [FEDI].
In January 2010, Brian David Anderson was sentenced to 90 months in prison for his role in the scheme.
but FEDI was piddly ponzi at 4 million. our ufunners here, are in over 15 countries, and could be worth 100 times more in fraud money.
Sori to say mr. Mnorway…me myself went to bangkok with other 10000 people to see the ufun building and resort…and I also saw the gen athiwat live on stage infront of thousands of thais..
me myself went to bangkok with other 10000 people to see the ufun building and resort…and I also saw the gen athiwat live on stage infront of thousands of thais..
uFunClub has a resort building now? Oh do tell…
Did the company claim ownership by hanging a bit of cardboard emblazoned with their logo off the door?
Were the owners of the company there? Quem são eles?
Nothing you saw negates the fact that uFunClub simply takes new affiliate funds and uses it to pay off existing investors when they cash out.
Basically the fiduciary bank maintains deposits on behalf of UTOKEN Reserve.
Or in other words, as I have already stated, the only relationship between uFunClub and these banks is the company may or may not use them to stash incoming investor funds.\
They have nothing to do with the volatility of uToken, which is arbitrarily determined by uFunClub – directly based on how much new investment is flowing in and funds existing investors haven’t withdrawn yet.
So far you are lack of infos…so your comments and jugdement are not fair.
So far you are lack of infos…
So instead of making unsubstantiated claims your upline told you, why don’t you fill us in then?
Why do uFun Club investors focus on everything but the Ponzi scheme the company is running?
uFun Club is a Ponzi scheme.
But what about the building?
It’s still a Ponzi scheme.
But what about General nobody cares?
It’s still a Ponzi scheme.
But my friend went to some guys house and totally verified everything?
Y’know… *incoherent mumbling* …everything.
It’s still a Ponzi scheme.
You don’t know anything!
Either provide facts and figures to back up the ridiculous claims or stop publishing them in half-assed factless format.
Please check binapuri project in bangkok…marina resort..does binapuri has any share with the project…
binapuri project in bangkok…marina resort.
How about you state what this has to do with uFun Club in the first place? And better yet, how it negates the Ponzi scheme the company is running.
I’m detecting TelexFree and Best Western hotels dejavu. And we all know what a load of horseshit that turned out to be.
Please check binapuri project in bangkok…marina resort..does binapuri has any share with the project…-kay.
if ufun is investing some ponzi funds in real estate, how does that change anything?
is the binapuri resort creating the ‘profits’, earned by ufun affiliates?
can one resort determine the ‘value’ of a utoken? i can buy a bicycle, but i cannot create a currency around it’s value.
be more informed kay.
anjali : In January 2010, Brian David Anderson.
Anderson, a Canadian preacher, was a bit player in FEDI, an $18 million HYIP scheme.
The mastermind was Michael Mixon, also known as Abdul Tawala Ibn Ali Alishtari. Other than FEDI, he is known for this:
SNIPPET: “ALISHTARI further acknowledged that, when he transferred these funds, he understood what terrorist.
training camps were and that terrorists kill civilians.”
Sori to say mr. Mnorway…me myself went to bangkok with other 10000 people to see the ufun building and resort…and I also saw the gen athiwat live on stage infront of thousands of thais..
Did you see the “U”-logo on the outside of the building (the Bangna Office Tower building)?
In western countries, the general in full uniform will normally indicate “a corrupt country”, so you can probably ignore him. NATO countries usually have “uniform codes”, strict written rules for the use of uniforms.
Your general violated most of those rules, indicating a corrupt person rather than a trustworthy one.
Please check binapuri project in bangkok…marina resort..does binapuri has any share with the project.
I googled “binapuri project” , and all the first search hits were about a project in Malaysia.
Example (disabled link):
So far you are lack of infos…so your comments and jugdement are not fair.
I tried to get some meaningful info from Mike, but he only repeated marketing BS. He tried to avoid answering direct questions.
If you feel something is unfair, please be specific about it? Go to the exact post, mark the unfair text and press “Q” (Quote). Or you can copy and paste the offending text.
From my POV, those 3 questions I asked to Mike were completely fair.
kay : Please check binapuri project in bangkok…marina resort..does binapuri has any share with the project…
Irrelevant. TVI Express actually did get a license to operate an airline in Indonesia and allegedly hired staff, bought two planes, etc. etc. But never flew. It’s just a way to obstruct the money trail.
We’ve said what we have to said.
if you want to refute, explain what we got wrong or provide counter-proof. So far, you just have random accusations “you are not fair” without explaining why.
As a proud UFUN Club member and an UToken account holder, I respect the time you have taken to prepare this review.
First of all, please be informed that it’s not necessary that whatever a person understands from what the info he goes through on web shouldn’t necessarily be true.
I don’t want to argue with anyone here regarding anything. I just want to clarify a few things.
And this was no surprising to me since UFUN’s newly appointed marketing manager Mr. Eddy Tan mentioned last week in his speech that some people are “PAID” to write negative reviews about UFUN on web.
Well, I don’t think you were paid, that’s the reason why I was you to be clear about a few things.
Before I start, just to clarify, what you read from UFUN affiliates aren’t what is coming from UFUN. Everyone will have their own projections. It can be true, and it can be false as well.
There’s a general talk that UTokens are backed by Gold, which is false. UToken is backed by 22% monetary reserve according to the Basel Guidelines. Now there are my main points:
1. UFUN CLUB is not an MLM Company. That’s the reason why there’s nothing related to MLM shown on the company website. UFUN have adopted the MLM model to promote UTokens, it will be removed sooner or later.
2. Mr. Huang got nothing to do with UFUN. He’s no more alive too. UFUN has adopted a system which was invented by Mr. Huang 7 years ago. And again, it’s not the MLM model which he invented, it is a money multiplying system which is adopted for the concept of UToken – The digital currency. He basically invented the ‘SPLIT’ system.
3. Now coming to General Athiwat Soonpan, again I repeat my point, UFUN is not a MLM Company. And he’s the President of UToken Reserve Limited – The body which issues UTokens – The global currency. He attends all the main UFUN functions. You may search on YouTube to get his videos as well.
4. The resort is under construction. It is a joint venture by UFUN and Bina Puri – The Giant Malaysian Public Listed Company. I believe a Government Company won’t do business with Mickey Mouse companies.
5. Company doesn’t increase the value of UToken themselves. It’s based on the demand and supply in the market. Plus value of UToken never drops because of 2 reasons: None is allowed to sell UToken at a rate which is lower than the current market price. Also the supply of UToken is controlled ensuring that it is never more than demand.
We all have a problem – we find it difficult to accept anything new. So it’s just a matter of time. UToken Mutual Funds will launch this month. Company is working on it now.
African office is already purchased. It’s in Ghana. And Mr. Eddy Tan who’s in-charge of the western market said they already have found the office is Los Angeles and will buy it very soon.
And yes, questions are welcomed, but I can tell you upfront, we can’t answer everything at present. There’s a reason why we need things to be this way, which will be revealed when the right time comes.
Bottom line is, I’m making money, my friends are making money and moreover company is making enough money – which is required for long term survival.
More and more investment projects are coming this year and more professionals are being appointed for Global Expansion.
Just sit and watch guys. This year, UFUN is going to take the world by storm. Obrigado.
Please check binapuri project in bangkok…marina resort..does binapuri has any share with the project…
Why did you ask us to check that?
Bina Puri Holdings Bhd. is a Malaysian company founded in 1975.
Bina Puri Holdings Bhd., an investment holding company, operates as a contractor of earthworks, buildings, and road construction. The company operates in five segments: Construction, Property Development, Quarry and Readymix Concrete, Polyol Manufacturing, and Power Supply.
It is involved in the construction of roads and highways, bridges, interchanges, waterworks, and land reclamation projects, as well as building projects, including commercial buildings, educational institutions, hotels, hospitals, government complexes, and residential projects.
It has operations in Malaysia, as well as in other Asian countries, including Brunei, Hong Kong, Indonesia, Thailand, Vietnam, Abu Dhabi, Pakistan, Cambodia, and India. Bina Puri Holdings Bhd. was founded in 1975 and is based in Selayang, Malaysia.
Source: Bloomberg (ticker BIN:MK)
note that the fiduciary bank and grade A insurance company are not named. what the rest of those banks are doing with ufun, can probably be marked up to the ‘corrupt powers’ of senior military men. but it helps build the facade.
That guy also linked to Bank for International Settlements (BIS). 🙂
Why must you buy UTOKENS ?
Due to it’s impending appreciation factor, in the global trading market. It appreciates with trading, exchanging, foreign exchange growth exponentially.
It’s value depends strongly on the market flow with limited supply of the UTOKEN supply, hence profit can be made with Demand superseding supply in the global market.
Banco de Pagamentos Internacionais.
Bank for International Settlements (BIS) home page.
some people are “PAID” to write negative reviews about UFUN on web.
Standard Ponzi deflection. No surprises there.
UToken is backed by 22% monetary reserve.
Right, and where did the funds come from for this monetary reserve? Or is that 22% of affiliate funds invested, with the rest paid out as ROIs?
UFUN CLUB is not an MLM Company.
Yet it uses an MLM compensation plan. Go figure.
a money multiplying system which is adopted for the concept of UToken – The digital currency. He basically invented the ‘SPLIT’ system.
Mr. Huang invented dick.
The “split system” is nothing more than a new name for halving affiliate investments. Today you invested $x, tomorrow that changes to $x/2 in order to keep the Ponzi afloat that little bit longer.
Of course it’s an MLM company.
UFUN have adopted the MLM model to promote UTokens, it will be removed sooner or later.
Well that’s not going to negate the Ponzi foundation.
And if a Ponzi scheme is not needed, why have it in the first place?
I believe a Government Company won’t do business with Mickey Mouse companies.
Eles não são. From the sounds of it, uFunClub simply pumped some invested affiliate funds into the project. And that’s only what has been claimed, whether it’s even true or not is questionable.
Company doesn’t increase the value of UToken themselves. It’s based on the demand and supply in the market.
Nah. It’s based on how much new affiliate funds are being invested into the scheme. É muito simples.
value of UToken never drops because of 2 reasons: None is allowed to sell UToken at a rate which is lower than the current market price.
Which is set by uFunClub, based on how much invested affiliate funds they hold and what is being withdrawn.
Shit is going to hit the fan when funds held and new investment can’t keep up with withdrawals.
We all have a problem – we find it difficult to accept anything new.
Yet there’s nothing new here. It’s just a digital currency script attached to a Ponzi scheme.
Mr. Eddy Tan who’s in-charge of the western market said they already have found the office is Los Angeles and will buy it very soon.
Sounds good. Make sure he’s looks up where the Californian AG’s offices are. He’ll also save some time presenting himself and a copy of uFunClub’s compensation plan to the SEC.
we can’t answer everything at present. There’s a reason why we need things to be this way, which will be revealed when the right time comes.
Look if you’re going to dance around the issue that’s fine… but we hear you loud and clear. You’re in a Ponzi scheme whose owners don’t wish to be in the spotlight because that means they’ll be held responsible at some point.
At least own it son.
I’m making money, my friends are making money and moreover company is making enough money – which is required for long term survival.
You’re stealing funds from those who invest after you. It’s certainly not the bottom line and it’s nothing to be proud of.
More and more investment projects are coming this year and more professionals are being appointed for Global Expansion.
Mmmmhmmm. You realize if this scam ever makes its way out of Asia it’ll get shut down quick smart right? The amount of bullshit surrounding uFunClub is incredible.
That guy also linked to Bank for International Settlements (BIS).
The Bank for International Settlements (BIS ; French: Banque des règlements internationaux, BRI) is an international organization of central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks”.
Mr. Huang invented dick.
The “split system” is nothing more than a new name for halving affiliate investments. Today you invested $x, tomorrow that changes to $x/2 in order to keep the Ponzi afloat that little bit longer.
The split is 1:10 three or four times. Exemplo:
Split 1: 6,000 uToken –> 60,000 uToken (2014)
Split 2: 60,000 uToken –> 600,000 uToken (2015)
Split 3: 600,000 uToken –> 6,000,000 uToken (2016)
Split 4: 6,000,000 uToken –> 60,000,000 uToken (2017)
So all people will be uToken millionaires, for a small investment of $575 in real money. 🙂
2. Mr. Huang got nothing to do with UFUN. He’s no more alive too. UFUN has adopted a system which was invented by Mr. Huang 7 years ago. And again, it’s not the MLM model which he invented, it is a money multiplying system which is adopted for the concept of UToken – The digital currency. He basically invented the ‘SPLIT’ system.
He hasn’t invented that either. “Split” is an old pyramid scheme concept, originally from the stock market. But pyramid schemes usually used “x2 split” or “x4 split”.
The system won’t multiply any money . Only the UTokens will be multiplied. It will be like multiplying monopoly money, except for that monopoly money has a higher value than UToken.
3. Now coming to General Athiwat Soonpan, again I repeat my point, UFUN is not a MLM Company. And he’s the President of UToken Reserve Limited – The body which issues UTokens – The global currency.
Why does he wear a uniform in private meetings, when he’s not representing the Armed Forces?
Most armed forces have strict “dress code” rules (which uniform to use in daily work, which uniform to use in official meetings, galla uniform with regales, uniform for travel to and from work, etc.).
Using him in marketing in western countries will only cause suspicion about a corrupt person. He may have played an important role when UFun was marketed in Thailand, but in western countries he will mostly have the opposite effect.
4. The resort is under construction. It is a joint venture by UFUN and Bina Puri – The Giant Malaysian Public Listed Company. I believe a Government Company won’t do business with Mickey Mouse companies.
Do you claim UFUN Club is a government company?
5. Company doesn’t increase the value of UToken themselves. It’s based on the demand and supply in the market. Plus value of UToken never drops because of 2 reasons: None is allowed to sell UToken at a rate which is lower than the current market price. Also the supply of UToken is controlled ensuring that it is never more than demand.
First of all, UTokens don’t have any VALUE in a normal market. You can’t use UTokens to pay your bills or pay for groceries.
The primary function of UToken isn’t to act as a currency in trade, but to act as a virtual investment. People buy them because they expect to earn a profit (e. g. via splits), not because they need them for trade.
It’s primarily a Ponzi scheme currency. The value will neither increase nor decrease, it will always be zero. The PERCEIVED value can both increase and decrease, i. e. people can BELIEVE UTokens have a value and can be willing to pay for them as an investment.
People did the same thing in ZeekRewards when they paid for VIP Bids. People did the same in Better Living Global Marketing when they paid for $1,175 “bid packs”. They paid for their own expectations of a profit.
UFun has copied and modified some parts of BLGM, e. g. the internal ewallets and the internal transactions between accounts (between upline and downline). It has copied the “7 positions needed within 30 days”. So UFun has clearly been inspired by other Ponzi schemes.
We all have a problem – we find it difficult to accept anything new. So it’s just a matter of time. UToken Mutual Funds will launch this month. Company is working on it now.
It ISN’T new. That’s the problem. We have seen similar schemes before, but not exactly the same. It may have been “new” to you, but it wasn’t exactly new to me.
Bottom line is, I’m making money, my friends are making money and moreover company is making enough money – which is required for long term survival.
Do you make money or do you make UTokens, UPoints, SPoints, etc.?
People often don’t know the difference, so I will need to ask each time.
Seems you may have forgot this quote:
When pride comes, then comes disgrace, but with the humble is wisdom. - Proverbs 11:2, Christian Bible.
Thanks guys for taking the time to answer, makes a little clearer now.
People are so afraid of anything that is new that they will try to bring anything they have no knowledge of down, its sad.
While some of you are bashing any and everything that comes along have you even thought about the 200 millionaires UFUN has created in the past years.
Its crazy to me some of you will not accept change in life and rather stay in your same situation and not try to reach for something different in your lives.
People are so afraid of anything that is new that they will try to bring anything they have no knowledge of down.
Are you saying the uFun Club compensation plan documentation is inaccurate? That’d be worrying…
have you even thought about the 200 millionaires UFUN has created in the past years.
Nope, because not only is it irrelevant to the Ponzi scheme, it’s also likely complete bullshit.
Who are these millionaires? Can we get a list of names?
Its crazy to me.
You know what’s really crazy, continuing to spout out baseless Ponzi rhetoric when uFun Club has been utterly exposed for what it is.
While some of you are bashing any and everything that comes along have you even thought about the 200 millionaires UFUN has created in the past years—mike.
but utoken was launched only in 2014. was ufunclub working in some other avatar previously?
for 200 people to become millionaires, can you calculate how many people will have to lose money, to fund those millions?
Be easy on Mike. He believes Achieve is real and is going to last forever.
After all he is being paid because he said so. Which is interesting since Achieve has not paid for over 2 months to anyone other than Troy and Kristi.
The mastermind was Michael Mixon, also known as Abdul Tawala Ibn Ali Alishtari —PPblog.
i missed that in my FEDI ‘search’. but it really is scary shit.
1. UFUN CLUB is not an MLM Company–zak.
see zak, at point no 1 itself, you made it clear you were going to BS. you are selling utokens through MLM, but you’re not MLM!
African office is already purchased. It’s in Ghana–zak.
yeah right, ghana in africa is the absolute world hotspot, for increasing the ‘value’ of currency through trade and economy. ORR, is ghana nice for a little ponzi action?
Some Alexa statistics for global rank / local rank:
ufunclub. info __________ 1,287,972___ 1,287,972 (USA)
ufunclub ___________ 402,667______ 21,373 (Australia)
ufunclub. co. uk _________1,307,870_____ 882,745 (USA)
ufunmasterminds ___1,000,411______ 49,811 (India)
ufunvip ____________ 326,450_______ 9,878 (Australia)
ufuninternational ___ 2,215,263.
utokenkms ___________69,925_____ 1,672 (Thailand)
utokens ____________ 425,382____ 24,401 (Australia)
utokenreserve _______1,373,292____ 20,574 (Australia)
utokens2u _________ 2,030,087.
utokeninfo _________2,287,813__ 1,272,410 (USA)
This is much, much smaller than what it pretends to be.
Only the utokenkms website was active in more than one country (active enough to be registered as statistics).
People are so afraid of anything that is new that they will try to bring anything they have no knowledge of down, its sad.
While some of you are bashing any and everything that comes along have you even thought about the 200 millionaires UFUN has created in the past years.
Its crazy to me some of you will not accept change in life and rather stay in your same situation and not try to reach for something different in your lives.
Mike: You are behind the times. Members are claiming 100,000 millionaires created when promoting this Ponzi, and others are claiming 120,000 millionaires created.
I guess the 100,000 wasn’t working that well in recruiting so they upped it hoping to make Ufun sound more impressive.
Can we just say BS to 200, 100,000 or even 120,000 millionaires created? Of course we can because it is all BS. I doubt if there are two millionaires among the entire team.
But 200 millionaires, 100,000, 120,000 millionaires? Tooooooo funny!
This is much, much smaller than what it pretends to be.
But but but… what about the bajillion billionaires they created all across the galaxy?
UFun Club is so huge I heard it’s going to be in the next Star Wars movie.
But but but… what about the bajillion billionaires they created all across the galaxy?
I’m not 100% sure about my conclusion, but many factors are pointing in that direction. People are simply faking it to be bigger than it really is, or the scheme is primarily based on offline activities.
UFun Club has probably been designed by and for “believers” , the people who like to dream about the life changing effect something will have and how successful they will become. They’re usually not very successful, but they like to dream about it.
People keep ranting on about Bina Puri and Bangkok Marina Resort, a quick google search identifies that these are real companys but delve into there websites a little and in the announcements section they both categorically deny having any involvement with ufun or utoken.
Seems like ufun will need to start spouting some more bullshit stories to cover up the lies they have spouted previously.
Thanks for a great review looking forward to the mutual fund and IPO opportunity and shares floating on the London Stock exchange. all good to be fsa regulated.
LOL sorry funkyp but Ponzi scheme aren’t generally listed on the London Stock exchange.
Mike : People are so afraid of anything that is new that they will try to bring anything they have no knowledge of down, its sad.
It is sad that you won’t listen to wisdom and truth when you hear it, but instead, choose only what you *want* to hear and deny anything else.
“For the time is coming when people will not endure sound teaching, but having itching ears they will accumulate for themselves teachers to suit their own passions, and will turn away from listening to the truth and wander off into myths.” & # 8212; 2 Timothy 4:3-4, Christian Bible.
Well, for this greatest and best program ever that is going to make a gazillion millionaires within the next 2 years, if not faster, seems to be having some regulatory issues:
UFUN is listed on Securities Commission Malaysia as “Not licensed by the SC to conduct capital market activities”: sc. my/list-of-unauthorised-websites-investment-products-companies-individuals/#u.
Binapuri wrote a “Letter of clarification” that they’re not affiliated with UFUN, also on their website: binapuri. my/CMS/Images/UploadedDocument/DOC000000716.pdf.
Bank Negara Malaysia (BNM) blacklisted UFUN affiliated websites: bnm. gov. my/documents/2014/20140725_FCA_EN. pdf.
They use banks located on Islands of Vanuatu, Bahamas, and New Guinea, but not Bangkok Bank, Maybank, or ICBC (biggest banks in Bangkok, Malaysia and China). Why not the largest banks in their area?
UFUN is not listed on “coinmarketcap,” among the 591 digital currencies they list.
Thailand news reported UFUN as “pyramid scheme” (43 minute mark of video): tv. ohozaa/hourly-rerun/5/2015-01-02/22/
So want to tell me how this is so legal and the next biggest and greatest MLM that is not a MLM ever.
damn that’s funny:
It is noted that Bangkok Property Co., Ltd has no any relation with uToken.
So can uToken investors stop making bullshit claims yet? Every single load of crap they’ve posted to detract attention away from the company’s Ponzi scheme business model has been debunked.
Did you read my full post?
Did you read my full post?
sim. I just put the link you referred to up for others to find easily.
I wasn’t laughing at you, I had highlighted the name to search what you posted and it got included in the quote. I wasn’t paying attention before submitting. I just wanted the second line I quoted. Me desculpe por isso.
Thanks for a great review looking forward to the mutual fund and IPO opportunity and shares floating on the London Stock exchange—funkyp.
can you rationalize your above statement, funkyp?
why would a company that is running its scheme in the asia pacific region, go and get listed on the london stock exchange?
why aren’t they registered on the thai or malaysian stock exchange?
also, most countries are so ‘proud’ of their men/women in uniform. it’s a wonder, that the thai govt or thai armed forces will not rein in an officer, who goes around in full uniform, lying about tie up’s with banks/builders.
such officers could get blacklisted and lose their pensions. could the general being strutted around be fake?
This is where the Imperia Invest IBC scammers who ripped off millions of dollars from people with hearing impairments purportedly operated from.
They duped people into using bank wires and, of course, they also used Liberty Reserve and Perfect Money.
Some of the cash ended up in Cyprus and New Zealand in accounts that had “no apparent or obvious link to Imperia.”
One of the scamming American pitchmen — apparently not satisfied he’d engaged in enough cross-border fraud — then took Zeek Rewards out for a tour.
He’s one of 9,000 or so potential defendants in the proposed class action by the receiver.
Americans are pitching uFUN now. Here’s part of what the SEC said after bringing the lead Imperia case in 2010:
Neither Imperia nor its securities are registered with the Securities and Exchange Commission. Imperia is not licensed or registered with the Commission, with any state, or with any Self Regulatory Organization.
The SEC later charged the American pitchman.
People keep ranting on about Bina Puri and Bangkok Marina Resort.
Some of it seem to be real, some not.
* The agreement between UFUN and Bina Puri Holdings Bhd in November 2013 seems to be real, “Construction is expected to start in Q1 of 2014 and will take three years to complete, with operations slated to begin in Q1 of 2017.”
It means it doesn’t really exist (yet), but the agreement can have been real.
GE only show a piece of land (forest / farmland) where the Marina should be.
100.807336° 13.509144° (decimal degrees)
It’s the same for UFUN Tower. GE doesn’t show any tower there, but someone has placed 3 photos from Calvi, France (Corsica) and have labeled them “UFUND Tower 1 BANGKOK”.
13.669536° 100.636936° (Bang Na Complex)
Rodders: People keep ranting on about Bina Puri and Bangkok Marina Resort.
affiliates of ufun, have constructed their own personal websites selling utokens, in which the rant goes beyond the binapuri resort claims.
they claim ufun has signed an agreement for ‘ufun internet TV’ in taiwan. uway. tv.
they claim ufun has a mining agreement with China’s biggest mining company-Xiao Jin Marble Mining.
further BS claims:
10 Million – UTOKEN investors and still growing.
30 Million – Volume traded.
15,000 Merchants – Accepting UTOKENS worldwide.
25 Countries – Global presence and still growing.
3 Regulated Banks – Trusty accounts setup.
30 Billion – Number of UTOKENS circulated around the world.
it will take a special kind of idiot, to believe that ufun has gathered 10 million affiliates in 1 year!! 50,000 or so, would be a more acceptable number.
M_Norway : It’s the same for UFUN Tower. GE doesn’t show any tower there, but someone has placed 3 photos from Calvi, France (Corsica) and have labeled them “UFUND Tower 1 BANGKOK”.
13.669536° 100.636936° (Bang Na Complex)
maps. google –> streetview shows the 18 storey tower without the U-logo, in the same area “Bangna Complex”.
According to a different report. UFUN Group is based in Thailand, not Singapore.
The project is a joint venture between BPTL and Thai-based UFUN Group Ltd, with an investor from China, Tang Cong Shun, also involved in the project.
Another report says there’s a separate UFUN Malaysia, but they’re sister companies, apparently, and donated some goods and money for public good in Jan 2015 to Malaysia village.
There are two ways to see this: either this really is the UFUN Group branching into bull**** territory… or some scammer is flashing their name like TachoEasy Iberica vs. the real TachoEasy to float this UToken thing.
K Chang : either this really is the UFUN Group branching into bull**** territory… or some scammer is flashing their name like TachoEasy Iberica vs. the real TachoEasy to float this UToken thing.
There are two ways to see this: either this really is the UFUN Group branching into bull**** territory—chang.
the way i see this, ufun, is trying hard, to look legit. they have opened offices in some other countries besides thailand and malaysia.
they do have public events. they did present something at the miss malaysia awards. they may have had a contract with binapuri which did not work out [binapuri must have realized what ufun was about].
this year will be important. either they establish their facade, or various organisations they try to hobnob with, reject any alliance with them, and ufun will lose any appearance of legitimacy they are trying to create.
the best thing would be, to keep exposing them on the internet, they will find it hard to fight google.
BTW, what is this swill about the ‘value’ of utokens never falling.
any real currency, be it paper money or ecurrency like bitcoin, will Always Fluctuate depending on supply and demand, in response to the ‘international climate’.
all the accepted currencies are Tied to each others weakness and strength. so, utokens seem to be more of a ‘fake’ monopoly money currency more like a ‘game’ than having any real world value.
they should immediately cease and desist, from comparing themselves with ‘bitcoin’.
this reminds me of the SEC vs SG[stock generation] case, where SG was selling virtual shares of ‘fake’ companies, whose trading value was determined internally by the company. through trial and appeal, SG was adjudged to be selling securities.
this should be a fair warning to utoken, to not step too far west.
In my personal opinion to you write an article like this or review questions and answers should research well who are these people and companies that are working with ufun.
I have had the opportunity to meet more than 5 companies that are associated with Ufun and I can say I’ve never seen anything like it.
I have had the opportunity to meet more than 5 companies that are associated with Ufun and I can say I’ve never seen anything like it.
In that it’s full of shit?
What pray tell are the names of the five companies you met?
Once again, uFun Club investors talking in vague generalities…
Francisco Sosa : I have had the opportunity to meet more than 5 companies that are associated with Ufun.
I’m going to guess, this is at an event hosted by UFUN to promote, and they were already presented as so-and-so and you never assumed they’d lie. Estou correcto?
Have you heard of William J. Ferry? Provavelmente não. He is an American scammer. He, along with 7 other people organized a long scam trying to defraud a SINGLE rich guy out of up to 1 billion dollars.
Como? By creating a fake US Federal Reserve special investment fund, complete with actors and meeting rooms, some claiming to be Swiss bankers, one claiming to be a Federal Reserve Vice-Chairman, some “Compliance” officers, and so on.
Too bad FBI busted them. Because the guy got suspicious.
You are probably nowhere as suspicious as that guy. That’s one reason why he has money… and you don’t.
The point is you can’t confirm ANYTHING what these people said, and even if they said it, you don’t know if they’re telling the truth, or if they are just as much victims as you were. But it’s YOUR money (and your reputation) at risk.
anjali : BTW, what is this swill about the ‘value’ of utokens never falling.
According to a chart I saw last night, it had ALREADY fallen twice.
And here’s a story about how this guy stopped a 10 million dollar con… that ALMOST went through except suspicions.
Consider this story and then ask yourself: Can I be conned? If you seriously say “no”, you are an idiot and a fool. ANY body can be conned.
In fact, experts are conned more often because they know something, and they tend to fit what they learned into what they know, instead of looking at it like a total rookie.
Again, choose wisely.
they do have public events. they did present something at the miss malaysia awards.
“Miss Kebaya Selangore”. Kebaya is a type of dress.
When people are talking about “Miss Malaysia”, they usually mean “Miss World” candidates or “Miss Universe” candidates. They usually don’t mean the local “Miss Tourism Malaysia” or “Miss Kebaya”.
I have had the opportunity to meet more than 5 companies that are associated with Ufun and I can say I’ve never seen anything like it.
If you have some knowledge, you should probably share it with others.
I have tried to check Bina Puri Holdings Bhd and the Bangkok Marina Resort & Spa, so you won’t need to list those two.
“Miss Kebaya Selangore”. Kebaya is a type of dress.
Kebaya is a type of dress, and Selangor is a district in Malaysia with 4.1 million inhabitants.
So “Miss Malaysia Kebaya Selangor” is a different type of Miss Malaysia than the most common meaning of the term.
So “Miss Malaysia Kebaya Selangor” is a different type of Miss Malaysia than the most common meaning of the term—norway.
so ufun is a serial exaggerator. they blow up every event to create a false image of acceptability in high places.
at this rate, their ‘general’ may turn out to be the bangna tower cleaner, in a rented army uniform 🙂
Miss Malaysia Sebaya is a less prestigious Miss Malaysia for competition in the Miss Asia pageant.
Each province has their own candidate. UFUN sponsored the Selangor candidate that won, thus, “Miss Malaysia Kebaya Selangor”. Before they win the main title they are known by their provincial title, i. e. “Miss Selangor Kebaya”.
It is a very new pageant, started in like 2010/2011.
A closer look at the Miss Kebaya 2013 indicates that Ufun Club sponsored another part of the contest, Miss Wilayah Kebaya 2013 (Wilayah = Federal Territory).
The press conference to officially introduce the top 24 semi-finalists of Miss Wilayah Kebaya 2013 was held at UFun Centre in Mid Valley City, Kuala Lumpur on Sept 30.
They will compete for the 18 grand finals spots that are at stake in semi-final of Miss Wilayah Kebaya 2013 pageant to be held on Oct 5 at Dataran Underground, beneath Dataran Merdeka, Kuala Lumpur.
The grand finals will be held at Concorde Hotel, Kuala Lumpur on Oct 18.
Ufun was probably at its peak in late 2013, but it looks like it ran out of investors shortly after that. The Alexa statistics I posted in post #70 are not very impressive.
Yet more rubbish, does any of it even make sense?
uToken is one part of that: UFUN designed uToken as a impartial globe forex. The forex moreover includes a remunerative commission construction – form of a 100% administration charge for every team action – that guarantees its community gets rewarded handsomely for advertising uToken deals.
Looks like badly translated marketing spiels Asian investors are using.
They make little sense in their original language, translated they just come out ridiculous.
M_Norway : … You can try to google “Bangna Office Tower”, and you will probably find out that the “U” logo has been photoshopped (it exists in uFun photos, but other photos of the same building have either no logo or a different logo).
I am not in the program and an still researching it.
I noticed that photos of the building without the logo are those issued by the leasing agent ‘before Ufun rented it’. now that they have then they’ve put their logo on it.
Just wanted to share that point but am not defending the opportunity as from the information in this article then there does seem a lot to be concerned about.
now that they have then they’ve put their logo on it.
While some of you are bashing any and everything that comes along have you even thought about the 200 millionaires UFUN has created in the past years.
You promoters need to get your ducks in a row on the outrageous claims. The highly spit-shined promoter who put together a YouTube video claims 5000 millionaires.
here is the problem as i see it:
Note that 30% of all commissions paid out by uFun Club must be re-invested back into the company.
The instant that a rule is as above states, then you must be aware of a “P” shceme. Sorrry!! ITS THAT SIMPLE!!
I noticed that photos of the building without the logo are those issued by the leasing agent ‘before Ufun rented it’. now that they have then they’ve put their logo on it.
Another possible explanation is that they have photoshopped the U-logo into a photo of the building?
Kay in post #42 disappeared when I asked about details:
Sori to say mr. Mnorway…me myself went to bangkok with other 10000 people to see the ufun building and resort…
He disappeared when I asked about the U-logo. He wouldn’t have felt comfortable if I had asked him about the Marina Spa and Resort, because currently it doesn’t exist (and he claimed to have seen it with his own eyes).
“Miss Malaysia” wasn’t what people expected it to be (it was a more local type of contest). The “Marina Spa & Resort” wasn’t what people expected it to be either, it was a PLANNED project (finished in 2017). The contract seems to have been terminated.
Both stories were PARTLY TRUE. They had some true elements, but those stories were primarily designed to mislead people.
M_Norway : Both stories were PARTLY TRUE. They had some true elements, but those stories were primarily designed to mislead people.
Exatamente. Lies are best buried in truth. The facade is often enough to satisfy the sheeple’s curiosity.
TVI Express used the “Pacific Royale” airline to strung more people along, who kept saying “it must be legit, it’s a real airline” (never flew even one flight)
TelexFree did the same in Brazil, “it’s real, they partnered with Best Western to build hotels” (did not)
Phil Ming Xu and WCM777 claimed tech tie-up with Siemens (did not)
E assim por diante.
The best lies are half-lies pretending to be the whole truth.
(Ozedit: Offtopic waffling about paid reviews removed.)
You have got something wrong. Investors DONT pay ufun. Investors pay those who offered their utokens for sale so where do the the “ponzi” come in?
Ufun just created the platform for people to buy and sale the utokens. And by doing that they take a commission of 15%. thats why you see $75 attached to the $500, $150 to $1000 and so on.
It will be difficult to understand the system when you are not an active member. One practical thing about the Asians is that they dont brag like the Americans and the Europeans.
What they have is solid. Ghana office is live.
Yes there can be some one or two issues. They have created a powerful product and thats the digital currency.
In all your pictures you posted, you do not even have the courage to post a single picture of the ufun office with its logo so that we can see if its really a photoshopped picture.
Investors DONT pay ufun. Investors pay those who offered their utokens for sale so where do the the “ponzi” come in?
The only thing pegged to the “value” of uTokens is the amount of real money uFun investors have invested in the company.
Any selling of uTokens is simply the exchange of existing invested affiliate funds the company has in reserve (standard Ponzi practice).
The second the owners decide they’ve had enough (new investment slows down and can’t keep up with withdrawals) and do a runner, it’s over.
It will be difficult to understand the system when you are not an active member.
n all your pictures you posted, you do not even have the courage to post a single picture of the ufun office with its logo so that we can see if its really a photoshopped picture.
I only mentioned the office in the review. You Ponzi pimps are making the claims about the office actually being used by uFun, how about you back up your nonsense?
Oz can you be a little bit decent in the choice of your words? No one is at war here.
If per the definition we saw here about ponzi, then ufun is not a ponzi scheme. New investors PAY MEMBERS “””””NOT””””” ufun.
If I have utoken that I want to sell, I put it on the platform, And new investors and existing investors pay me (buy) for the utokens. Investors money dont go to ufun, buyers pay ufun commissions for the transaction. Again OZ, try to be a little decent.
Oz can you be a little bit decent in the choice of your words? No one is at war here.
I call bullshit where I see bullshit. Here’s a tissue.
If per the definition we saw here about ponzi, then ufun is not a ponzi scheme. New investors PAY MEMBERS.
through mechanisms set in place and wholly owned and operated by uFun Club. Herp derp.
If I have utoken that I want to sell, I put it on the platform.
…and who owns the platform? Herp derp.
Investors money dont go to ufun, buyers pay ufun commissions for the transaction.
Of course it doesn’t, *winkwinknudgenudge*.
(Ozedit: Please don’t regurgitate the BS claims your uFunClub upline told you here.
A video of some guy in the basement of some building with uFun Club marina banners (when said marina venture has already been proven to be a lie) demonstrates nothing.
Ditto trying to attach uFun Club to any number of third-party companies. At the end of the day all they do is take your money and pay you with money from people who joined after you.
And also ditto bullshit claims about Thai regulatory investigations into uFunClub. These claims always reference some spiel a uFunClub affiliate wrote in a word document or Powerpoint presentation. They are completely made up.
As you said, this is one of the more elaborate Ponzi schemes we’ve seen of late, but it’s still just a Ponzi scheme.)
You have got something wrong. Investors DONT pay ufun. Investors pay those who offered their utokens for sale so where do the the “ponzi” come in?
Investors did the same in TelexFree too. They paid directly to the recruiting member. They did the same in BLGM Better Living Global Marketing.
It doesn’t really matter whether the company makes money DIRECTLY from investments or INDIRECTLY via other members.
Did anyone tell you WHY it would make a difference?
Ewugah : … If I have utoken that I want to sell, I put it on the platform, And new investors and existing investors pay me (buy) for the utokens. Investors money dont go to ufun, buyers pay ufun commissions for the transaction. & # 8230;
As the Utokens are continually inflated then it means the demand for new funds in (for those selling their Utokens) will get very high, especially with the number of new investors multiplying as well.
The demand could ‘very soon’ outweigh new funds in, causing people to have to wait a lot longer to sell their Utokens, where they’re start complaining and limiting new investment further until nobody is getting paid.
The same thing that happens to many of the traffic exchange programs, where the owners still do very well and don’t have to run, it’s the investors who didn’t make a profit that end up losing.
The above is still the workings of a Ponzi, see: en. wikipedia/wiki/Ponzi_scheme.
M_Norway : Another possible explanation is that they have photoshopped the U-logo into a photo of the building?
I’m not in the program or here to defend it, just sharing information.
I’ve seen a number of photos at various angles and notice the UT Logo looked very real, at the very start (within seconds) of the following video you can see the building with the UT logo in the background. youtube/watch? v=EtlpUFJYGI0.
The logo issue makes no difference to whether it’s a scam.
A guy approached me about Ufun. When I showed him the link to Oz’s review, he responded this :
The Thailand government have already investigated them and found that it is not a Ponzi. Have you seen this video? (Ozedit: uFun affiliate spam video removed).
Thailand would announce investigation results via Youtube?
Feel free to post the results of an actual regulatory investigation into uFun. YouTube spam videos and such are not this.
No problem, Oz, I’ll be careful next time.
Glad to see people discussing about UFUN and UTOKEN – positive or negative.
UToken Mutual Funds launching this month. UFUN Tower Indonesia opening by the end of this month as well.
I believe the reason for so much of negative comments on-line is mainly because of the lack of on-support system from the part of the company. The new official informative website will be launched very soon. And I agree to the fact that there are many exaggerated figures posted by the promoters on web which gives everyone a bad impression abut the company. Well, the company can’t control all its 300 thousand plus members. But very soon a compliance cell will come in place to take care of all these.
There are a few things I wish to clarify in this comment.
1) UFUN Group is a corporate body which deals with a number of large scale businesses. It includes e-commerce (ubtmall), Internet TV (wunispace. tv), Satellite TV, Charity projects, Network Marketing and many more. Gold Business and Property Development is no more active. Captain of the ship is Dato Daniel Tay – a 7 figure income earner who was initially a UFUN Leader and later promoted to the management because that good he is as a leader. He still got his team in UFUN.
2) UToken is not issued by UFUN Group. Sim, você leu direito. UToken doesn’t come from UFUN. UFUN is just a promoting arm for UTokens which are issued by UToken Reserve Limited – a body of bankers and professionals. And it’s not necessary to get into UFUN Club to be a UToken Account Holder. UToken Reserve Limited is investing in the Marble Mining Project happening in China now. Well, that’s not virtual. It’s a real happening project.
3) UToken is NOT backed by Gold. I have seen a lot of people saying UToken is backed by Gold, which is false. And I believe that the confusion is because of the Gold Business UFUN had initially, but again – UFUN doesn’t control UToken – so that doesn’t make sense. UToken is backed by a Monetary Reserve System. Watch the CEO of BDG Bank talk about their association with UToken - youtube/watch? v=g2fNSlxKzD4. And here’s UDBP Bank making clear their relationship with UToken – udbpbank/EN20141124001.html.
4) I haven’t gone through all the comments, but I read someone saying that you can’t buy grocery using UTokens. Everything on ubtmall can be purchased ONLY using UTokens. And there are hundreds of off line shops in Asia which accepts UTokens for exchange of goods and services. Even a Private Hospital in Malaysia accepts UToken. Taxi Drivers, Medical Shops, Hotels, Jewellery, the list goes on. And a super market in New York City is also accepting UToken now.
5) UFUN and UToken have adopted the business model of SMI Capital Limited. They are the ones which made this 5000+ Millionaires in China over the last 7-8 years, not UFUN. UFUN has made just 200+ till now.
6) Winners Mastery Academy is now in charge of UFUN Educational Training.
And to everyone who says UFUN Tower is fake, kindly make a visit to Bangkok whenever you get time. See it by yourself. After all, seeing is believing.
UFUN and UToken is growing stronger day by day. We are now in 80 countries. Watch UToken 2014 Recap – youtube/watch? v=VMOTI6v4Voo.
Anyone who needs more clarity on any point, can feel free to ask. But let’s be fair to each other – no harsh language please. Obrigado.
And regarding the Bangkok Property issue. I read someone saying that the property doesn’t exist now.
Well, it’s a project into which UFUN have funded. 100 units of the Resort is UFUN’s. And UFUN’s share will be completed by the end of this year.
The management of both UFUN and Bina Puri have changed since the starting of this project. And the contract is terminated now. This doesn’t mean UFUN was never a part of it.
You can still see the signing ceremony of this project in which both UFUN and Bina Puri Representatives have participated and the unsold part of UFUN’s 100 Units are still available as Resort Packages to the members.
And you can see the company have stated that they have no relationship with UToken. Yes, true. Because UToken comes from UToken Reserve Limited, not UFUN.
Their relationship was only with UFUN as a joint venture partner to develop this property. Hope it’s clear now. Obrigado.
And you can see the company have stated that they have no relationship with UToken. Yes, true. Because UToken comes from UToken Reserve Limited, not UFUN.
Lol, it’s the same company chief, run by the same Ponzi scammers.
Stop regurgitating what your upline told you and engage your brain please. There’s no resort units, it was all lies. Much like everything else surrounding the promotion of uFun Club.
(Ozedit: Will you drones stop posting absolute bullshit marketing garbage? I’ve never seen so much crap associated with the marketing of a Ponzi scheme before, unbelievable.)
Look, uFunClub, uToken whatever you want to call it – all they do is take new affiliate funds and use peg it to the value of uTokens, which “can never go down”.
This is a Ponzi scheme by any other name, with uTokens being exchanged (sold) for invested affiliate funds.
When the value of uToken eclipses whatever funds uFun Club have taken in, kaboom.
From here on out any and all marketing bullshit from uFun Club affiliates will just be marked as spam.
Feel free to address the Ponzi issue, but otherwise enough is enough.
1) UFUN Group is a corporate body which deals with a number of large scale businesses. It includes e-commerce (ubtmall), Internet TV (wunispace. tv)
website | global rank | local rank.
ubtmall 319,617 415,707 (USA)
unispace. tv 2,662,307 39,269 (Australia)
behindmlm 46,850 28,843 (USA) This site.
yr. no 1,950 16 (Norway) weather forecast.
nrk. no 1,814 8 (Norway) local TV channel.
Your “large scale businesses” are simply websites set up to look like real businesses, but they don’t really have any sgnificant business function. None of them are hardly used by anyone, but they do have some random visitors checking that they actually do exist.
This website probably have 10 times more visitors than the Ubarter mall.
4) I haven’t gone through all the comments, but I read someone saying that you can’t buy grocery using UTokens. Everything on ubtmall can be purchased ONLY using UTokens.
I have said that you can’t use Utokens in a normal market , e. g. to pay for groceries or to pay your bills. You can only use them “inside a system”, e. g. sell them to other investors or use them to pay for membership.
So groceries was just a random example. The main point was about the use in a normal market.
Bitcoins have the same problem, even if Bitcoins actually are accepted by some external merchants. But very few are using Bitcoins as a payment method. Most of the transactions are between investors, not between merchants and customers.
In a normal market, you can use your currency in ANY shop or for ANY purpose. The use is not limited to specific shops, specific payment methods or specific purposes. The currency is commonly accepted by all the merchants in that local geographical market. The currency is also accepted by banks and financial service institutions.
Some currencies may have intrinsic value, e. g. gold coins or silver coins will have a metal value . Electronic currencies will have zero intrinsic value, they are not really worth anything in themselves.
Anyone who needs more clarity on any point, can feel free to ask. But let’s be fair to each other – no harsh language please. Obrigado.
The problem here is that you don’t really check the realities. You’re blindly repeating “marketing BS”, e. g. by using terms like “large scale businesses” where no significant business activity do exist in reality.
All I can see is some “reinvestments by organizers” , e. g. websites set up to look like real business websites, to act as “proofs” people can believe in.
5) UFUN and UToken have adopted the business model of SMI Capital Limited.
That didn’t surprise me. Most of the ideas seem to have been copied / imported from other programs.
And there are hundreds of off line shops in Asia which accepts UTokens for exchange of goods and services. Even a Private Hospital in Malaysia accepts UToken. Taxi Drivers, Medical Shops, Hotels, Jewellery, the list goes on. And a super market in New York City is also accepting UToken now.
Please don’t make vague statements like that . “Hundreds of shops”, “a private hospital in Malaysia”, “Taxi drivers, medical shops, hotels, jewelry” .
You should at least be able to identify some of them by name, e. g. the supermarket in New York City. Which supermarket are you talking about there?
If you wish to bring in factors like that, you should also be able to answer some followup questions, e. g. “How do people pay with UToken offline?” (e. g. do they use cellphones as payment method, do the merchants need to have some software installed, etc.).
Putting up a sign “UToken accepted” is relatively inexpensive and uncomplicated, but accepting it in reality as a payment method can be quite a different animal (e. g. the merchant will temporarily need to bring in real money from his own pockets).
Bitcoin merchants had the same problem. They could accept Bitcoin as long as the majority of customers didn’t use it as a payment method, or as long as they could sell the Bitcoins rather immediately. That factor limited the use of Bitcoin to certain types of merchants.
Watch the CEO of BDG Bank talk about their association with UToken.
He was talking about crowdfunding, investments in infrastructure and similar topics. His bank will get access to real money it can use for investments in infrastructure by supporting the UToken Reserve (as an investor).
UToken Reserve will bring in money from other investors, i. e. the investors will give real money to UToken Reserve in exchange for UToken currency.
Those investors will not invest anything directly or indirectly in any underlying assets, they will invest directly in the currency itself. So they will not have any real value backing up their investments.
Please correct me if I have misunderstood something there?
The Thailand government have already investigated them and found that it is not a Ponzi.
Quem te disse isso? Never heard of it. Lies!
Now DSI Thailand is investigating Ufun as there are already complaints from Ufun investors since last month, and assistant commission-general Thailand has just helped investigate Ufun as well. I know it because I’m from Thailand and lived there for 21 years.
It might take ages to arrest scammers as a government sector in Thailand works very slowly. Some ponzi schemes in the past got arrested in year 7-8. Believe it or not?
Ufun investigation was on Thai tv5 in January and it’s still on you tube but in Thai language. And I got told from the host of the show that Ufun investigation part 2 will be on air soon. This time they are going to investigate UDBP bank in Bangkok as well.
Ufun is getting less popular in Thailand since it was on the show as Thai people are more aware of it.
And Thank you Oz and M_Norway for your valuable comments, I enjoy reading them 🙂
Quem te disse isso? Never heard of it. Lies!
But but but, some guy on YouTube filming in the basement of some random building told me so! I saw it on the internet!
Lilly put this youtube video here because they claimed DSI has investigated this last year already and they claim it’s all fine….
Of course this is a ponzi…. its common sense and simple match but money greed is stronger than common sense and simple math.
The brain shut off and they only see the $$. That’s called stupidity!
They are like lemmings lol.
We know its easy to bribe people in Thailand… you can buy people and they all have their price.
That’s in fact the easy part and all those claims are what they are… claims basically lies.
You know that truth is not what really is the goal in the culture… its even normal to lie. It’s part of the culture even with little things so as well with big things.
Money is changing people and they do stupid stuff and to get it as well.
Post the utube video even its in Thai!
As you requested Tom.
At 4.19 you can see 3 guys in black from “stop money game federation” Thailand talking about why utoken is not the right thing.
I’m not sure if you guys knew about this fact yet?
At 4.50 they were showing a certificate of commercial registration that Ufun has got. Ufun registered with OCPB (Office of The Consumer Protection Board) as a type of direct sale, and the items Ufun listed were juices and face cream! But Ufun never sells those products. It’s all bullshit since the beginning!
The host tried to meet the ufun guy who was talking in a room, ufun claimed that he made 40 million baht ($1.2 million) in 5 months but he refused to meet people from the show.
At 7.55 people from “stop money game” federation met DSI guys discussing about if Ufun is a ponzi. The 1st dsi guy said a type of business like this (ufun)is suspicious as there is no product to sell to members at all.
After watching this show you (ufun investors) should be cleared that DSI never ever said anything about Ufun being legal. Don’t listen to your upline but listen to the truth. DSI is taking action now.
UFUN Official Corporate Website launched last day – (Ozedit: Link removed. Website doesn’t even state who “corporate” is, what a joke.)
Hope it answers many questions. Keep the criticisms coming. Obrigado.
Hope it answers many questions. Keep the criticisms coming. Thank you—–zak.
& # 8211; your website link did not provide any answers.
& # 8211; criticism will of course continue, till you do not explain how your invaluable ‘product’ can pretend/earn profit, when all that is earned from, is recruited, invested money.
& # 8211; thank you for what? tell us where the profit is coming from. please don’t run away! everybody runs away when asked questions! not you. not you!
even critics/’potential’ believers, need respite. waaaah!
At 4.19 you can see 3 guys in black from “stop money game federation” Thailand talking about why utoken is not the right thing.
I’m not sure if you guys knew about this fact yet?
We knew Utoken wasn’t the right thing. We have seen many “virtual currencies” before, and we don’t believe in any of them.
I use the “ordinary market” logic, e. g. whether people can use the currencies directly to pay for groceries or to pay bills outside the “system” itself ( “in a normal market” ), or if it ONLY can be used inside a “system” or a “game”.
Real money can be used in almost ANY normal market to pay for almost anything. “Ponzi money” can only be used inside a system. “Ponzi money” can often be withdrawn as real money (be replaced with real money), but that doesn’t make it equal to real money.
It’s similar with investments. UToken may have some “value” inside the system, but it doesn’t hold any value that can be exchanged for goods or services in a normal market.
To exchange UToken with something of real value you will first need to find some really stupid buyers willing to accept that type of transaction. The scheme will eventually run out of those buyers.
I tried to find the origins of UFUN.
* When did it first become visible on the internet?
* In which country?
* With which business idea?
* Promoted by whom?
I didn’t get clear answers to any of those questions, but it was visible (but not very active) in January 2013 , was more active in June/July 2013 (in Malaysia, Thailand, Singapore).
Its initial business model seems to have been based on investments (“MLM investments”) in “Global Online Shopping Malls” business idea (Ufun Store, Ufun Club), without the UToken virtual currency (it was introduced later that year). It used U-points and S-points as virtual currencies.
Boring marketing video from October 2013:
It’s really boring, e. g. it doesn’t really have any “message”, other than trying to visualize how “big and profitable” it will be for investors.
Some search results:
July 12 2013 – uploaded by Lim Boon Yam Ken.
Ufun club makes investors money work harder to generate their wealth. Como? Please ask for answer …
UFUN CLUB – Kuala Lumpur, Malaysia – Investing Service …
June 20 2013 – UFUN CLUB, Kuala Lumpur, Malaysia.
Ufun Net Profiles | Facebook.
May 26 2013 – View the profiles of people named Ufun Net on Facebook. Join Facebook to connect with Ufun Net and others you may know.
I have seen most of UFUN’s components before in other programs, e. g. the use of “reward points” and “shopping points” is a rather commonly used idea.
It means that UFUN most likely have originated from a collapsed program, or that it initially was a “reload program”.
UFUN CLUB BEAT NETWORK.
“UFUN Media Passive Income In Real Estate Projects”
“Register founder now, to lock your position”
That one seems clearly to have originated from Malaysia.
I tried to find the origins of UFUN.
* When did it first become visible on the internet?
* In which country?
* With which business idea?
* Promoted by whom?
I didn’t get clear answers to any of those questions, but it was visible (but not very active) in January 2013 , was more active in June/July 2013 (in Malaysia, Thailand, Singapore).
Check out the UFUN Timeline: ufuninc/timeline-of-ufun/
Here’s some more insights.
You are like magician who is trying to deflect attention with from the trick with the slight of hands.
Surely who wrote that article does not want you to know how real pyramid operates. So they deflect attention of real problem (rotten pyramid system).
Longer lasting pyramids always have cover with some “business” that are supposedly profitable. But it is just a cover. The only business that matters is recruiting into pyramid.
People keep ranting on about Bina Puri and Bangkok Marina Resort, a quick google search identifies that these are real companys but delve into there websites a little and in the announcements section they both categorically deny having any involvement with ufun or utoken.
I found an online copy of the whole communication there.
“Letter of Clarification” / “To whom it may concern”, an open letter to the general public denying any relationship with UTOKEN, but admitting they initially had an agreement with UFUN through a daughter company in Thailand.
Only 9 days after the Purchasing Agreement had been signed and money had been paid. 🙂
To Whom It May Concern.
We write to state that our Company has recently received many enquiries from the public and our close associates in respect of the promotion of “Utokens” and other UFUN scheme promoted by UFUN Group Ltd and companies related to UFUN Group.
Please take notice that Bina Puri Holdings Bhd through its associate Bina Puri Holdings (Thailand) Ltd are ONLY collaborating to develop a Property in Bangkok, Thailand under the project name of “BANGKOK MARINA RESORT & SPA” to which our relationship is only as Shareholders in a Company developing the said Project known as “Bangkok Property Co Ltd”.
Please note that there is NO PARTNERSHIP being created.
Therefore, BINA PURI is not linked with “Utokens” and DO NOT PARTICIPATES in any promotions of “Utokens” or any other promotions by UFUN Group or Company related to UFUN.
A letter of protest was issued out to UFUN Group to refrain them from informing their customers that Bina Puri is a joint venture partner for the “Utokens” promotion. We reserved all our rights to take whatever action necessary to protect our Group’s interest.
LETTER OF CLARIFICATION prepared and issued on behalf of Bina Puri Holdings Berhad. For more information, please contact Surati Sujor at 013 2660207.
“Letter of protest” to UFUN Group Ltd., Thailand.
Only 6 days after the agreement. 🙂
October 29 2014.
“Breach of Purchasing Agreement” letter (“failed to pay the second payment”) from Bangkok Property Co. Ltd. to UTR Holding Ltd.
RE: Breach of Purchasing Agreement Article 1.3.
TO: Managing Director UTR Holding Ltd.
REF: Purchasing Agreement dated 3 July 2014.
UTR Holding Ltd. have fully paid for the first 100 out of 300 lodging units, but it failed to pay for the second 100 units. The October 29 letter is a final warning , “pay within 7 days”, and is signed by an attorney.
I’m not sure if you guys knew about this fact yet?
Sorry for confusing you M_Norway and others, I mean the fact that Ufun registered with OCPB saying that they were going to sell juices and face cream but they never do.
Not many people know about this unless they are from asian countries.
Links to uToken/uFun spam sites removed, do not repost.
I think UFUN’s popularity has dropped like a stone since they forcefully converted peoples tradeable Utokens to investment points in late Januaryt 2015 and implemented MAXIMUM TRADING VALUE rules.
Which means it’s pointless in being a Utoken millionaire as they want you to believe as it would take over 100 years to withdraw the money.
It’s almost like they don’t want people to withdraw too much money. Perhaps because the well is nearly dry?
Investment points? So what… it’s a literal 1:1 Zeek clone now?
More info required!
Check out the UFUN Timeline.
I found most of it through ordinary search results, but only approximately dates. But thanks anyway for more exact info.
It originated from Hong Kong, January 2013. The Hong Kong origin can explain some of the similarities with BLGM.
UFUN was founded in Hong Kong and started as an E-Commerce platform. The company introduced U-Point; S-Point; P-Point as the package purchase. U-Point was purely for E-Commerce Trading; S-point was Shopping Point Rebate to be used at our e-commerce platform; P-Point was truly 100% redemption of Products for the package that you chose.
All qualified independent members were able to reap the amazing trip to Miracle Sabah for 4Days 3Night. The response was indeed very overwhelming as there were participant of more than 200 independent members, mainly from Hong Kong.
Then it had some activity in June/July 2013, and then in September 2013.
MID VALLEY UFUN CENTER was officiated with a simple yet elegant opening ceremony, which was held at the North Point office. The opening ceremony was from 10am to 12noon. An opportunity seminar was conducted from 2pm – 6pm at Level 5, Cititel Hotel, Bintang Ballroom.
UFUN conducted an official Mandarin OPP Seminar at Gardens Hotel Kuala Lumpur about ‘Venture Capitalist Investment’. There were total of 70 paid participants that gathered for this OPP.
Up until September 2013 there are no signs of UToken in the online marketing.
I saw the buildings first hand on a trip to Thailand paid for by ufun. The buildings are real and nothing is photoshopped in people.
Thes are just bitcoin “pushers” and other MLM haters.
Will UTOKEN, UFUN be traded on SEC, NASDAQ in May 2015?
This sounds like an elaborate scheme and the representatives don’t want to answer the tough questions. People are pitching that the UTOKEN is stock same as an IPO before its an IPO, SO GET IN NOW CAUSE ONCE IT GOE’S PUBLIC YOU WILL BE TO LATE??
Can’t find any news on NASDAQ OR SEC US, to support IPO application? Why so many stories that can’t be verified from Bank Reserves to Investigations to Partnerships?
Can someone settle this with the TRUTH AND NO SALES PITCH, SEND SOURCE TO VERIFY AND NO ANY WEB VIDEO TRYING TO CONVINCE US THAT THIS IS THE GREATEST THING SINCE SLICE BREAD?? WE JUST WANT THE TRUTH.
Also, can someone TRANSLATE THE THAILAND MOST WANTED YOUTUBE VIDEO INTO ENGLISH?
Wanna verify that this is not an attempt to discredit without any base….Website verification??
Will UTOKEN, UFUN be traded on SEC, NASDAQ in May 2015?
Claro que não. You really think a Ponzi scheme is going to fly with the SEC?
Can’t find any news on NASDAQ OR SEC US, to support IPO application? Why so many stories that can’t be verified from Bank Reserves to Investigations to Partnerships?
Because you’re not supposed to ask questions. Just accept the bullshit and hand over your money.
That’s how Ponzi promotion works.
In any event you’re focusing too much on the marketing spiel, instead look at the business model.
You hand over your money and someone who invested earlier withdraws it. You get handed some uTokens and then once the company has artificially raised the value of your monopoly money to an amount you deem acceptable, you too then withdraw subsequent investor funds.
That alone should be enough to set off your scam alarm bells.
Oz, this is what I found on Facebook regarding investment points:
So convert everyone’s utokens into Ponzi points, reset the value of uTokens and then convert everyone’s Ponzi points back into uTokens.
Sounds like your typical Ponzi restart that was a thing with the advertising scams a year or so back.
Watch, they’ll do it again in a few months when reserve can’t keep up with withdrawals. Over time the restarts get closer and closer together until the final kaboom.
So the real money isn’t the utokens. Its all the signup money!
I got this lady begging me to join up as a 3 star or better.
I told her – why don’t they have a better way to send your money in when you join.
I mean they are about to be placed into the stockmarket yet people either send funds to a sponsor directly or to a bank account.
What happened to using a secure website and merchant account?
Will UTOKEN, UFUN be traded on SEC, NASDAQ in May 2015?—JUST WANNA KNOW THE TRUTH.
i declare this the standing ‘day joke’ of march 8, 2015.
Just wanna know the truth.
Also, can someone TRANSLATE THE THAILAND MOST WANTED YOUTUBE VIDEO INTO ENGLISH?
I did translate the show into English. Wasn’t that enough for you?
I only translated important parts. How much do you need?
LILLY, PUT THE ENTIRE VIDEO IN ENGLISH SO WE ALL CAN SEE IT.
My associate receives emails telling him the UTOKEN has increased in value, but he never takes the money out and only wants to increase his purchase of more UTOKEN, Explain what causes the SPLIT and why does the value drop to almost nothing and resets to RISE again.
What is the status on the investigation and what is the US EXPANSION ALL ABOUT? Are there any TAX PROBLEMS FROM MAKING THIS MONEY??
My associate receives emails telling him the UTOKEN has increased in value, but he never takes the money out and only wants to increase his purchase of more UTOKEN,
That because he is greedy. He believes that this is some kind of great investment and he wants every cent out of it.
Explain what causes the SPLIT and why does the value drop to almost nothing and resets to RISE again.
It is just ponzi manipulation of “inside currency”. Way to generate HYPE.
What is the status on the investigation and what is the US EXPANSION ALL ABOUT?
They probably want to get as many recruits as possible before SEC or other US Agency declares it illegal.
Are there any TAX PROBLEMS FROM MAKING THIS MONEY??
Sim. You will probably have to return “net winnings” (sometimes even if they are only on paper) but you also have to pay taxes on them as well.
Explain what causes the SPLIT and why does the value drop to almost nothing and resets to RISE again.
It’s called a Ponzi restart. They see they’re running out of money so they reduce the value of everyone’s points (be it actual points or uTokens, which serve as points).
They’ll do it again when the liability gets too high, and over time the restarts get closer and closer together – you can’t withdraw blood from a stone.
Once the new investment dries up it’s all over.
As for the news report video, it was shot in Thai. It’s not in English…
IS THIS TRUE, WHY?? WHAT HAPPENED??
Some changes to the way new UFUN accounts are funded are coming and until further notice, please hold off on sending new wires into UFUN.
Everyone who has already wired money and are waiting on their sponsor to get their account setup, please be patient. UFUN corporate is sorting out the various bank wires that got returned from the ones that have cleared.
This is important for them to get this process completed before allowing any more accounts to be setup.
If you have already sent your money into UFUN on your own please check your bank accounts to make sure that your wire didn’t get returned. If it did, please contact your sponsor right away to get it resolved.
If you had your sponsor wire the funds for you, please check with them to make sure they confirmed that your wire went through to UFUN successfully.
This is all part of the growing pains of a fast growing company and opportunity like UFUN. This is a GOOD thing!
I’m very impressed at how UFUN is looking to the future and making sure they are doing what needs to be done today so that we are all well supported tomorrow.
Keep Calm and Keep DOMINATING!
Banks blocking transfers?
This is a GOOD thing! I’m very impressed at how UFUN is looking to the future and making sure they are doing what needs to be done today so that we are all well supported tomorrow—–ufun update.
good good good, i’m very impressed at how the ‘TOP’guns [top of the pyramid], are going into ‘managing the troops’ modo.
this is like a well perfected drama, that is enacted at the end of days of every ponzi. someone should patent it, and charge ponzi’s for using the screenplay. big money!
It is beginning of proverbial Shakespearian second act.
Act 1: “Brilliant” new company offers superprofits with some murky explanations. Everybody happily signing up. Greed prevents most people from seeing obvious.
Act 2: “Brilliant” new company suddenly having problem transferring funds, keeping bank accounts, logically defending from allegations, fending off DOS and other computer attacks. Most of top promoters move to another “brilliant” new company.
Act 3: “Brilliant” new company is declared ponzi or illegal pyramid by governments. Investigations begins and ends with claw-backs and court settlements with few criminal cases. A lot of participants are still blaming Government bodies for interrupting feeding frenzy.
These plays always written in this format. Sempre.
I JUST WANNA KNOW THE TRUTH: WHY IS THIS HAPPENING.
No. Name of Unauthorised Website/Products/ Entities/Individual Address Website Date Added to Alert List.
9 UFunClub Not available ufunclub, ubonuss, jutawanfunclub 2014 Not licensed by the SC to conduct capital market activities.
Banks blocking transfers?
I JUST WANNA KNOW THE TRUTH: WHY IS THIS HAPPENING.
Are you not capable of reading or something? Everybody here knows what is going on but you.
(Ozedit: Stop typing in caps.)
Sorry for caps, How can Ufun compare their coin to currency and cryptocurrency and they are not registered anywhere.
Has anybody figured out will the company be around long enough for the $575.00 or $1,000.00 to turn into $600,000 USD. Any current information on the Banks, SEC, NASDAQ, GOLD, Buildings etc.
When I went to this website the 2 building pictures don’t ad up with the Ufun LOGO??
Y’all listening to each other like a bunch of school kids! I was at the Ufun office in Malaysia. The tower in Bangkok, Thailand is for real, right next to Bina Puri office which is in the same area. (In fact, Ufun has just purchased one more tower behind its main HQ to accommodate its growth. We own it, not rent it.)
Bina Puri is the Real Estate giant who is in a JV with Ufun. And a bunch of my friends were at the construction site themselves. It is in progress.
The reason they said they have no affiliation is simply because certain half knowledge Ufun members were going around talking about Bina Puri being bought by Ufun and operating with Utokens. WRONG! It is just a JOINT VENTURE partnership! Hence they had to be very clear about the fact that they have NO AFFILIATION with Utokens.
Ufun the company, holds 29% shares of the Bangkok Marina Resort and Spa. Ufun, also, issued a warning on its system stating the spread of false info by its members.
I seen the chairman, I seen the people, I know the management. We are talking long term. No y’all dont need to buy Utokens or whatever. But open your freaking mind, and learn before typing anything.
Some of you, even after listening to the whole thing, will set your mind to shut off anything positive, like you’re the police around here..
AND NO, IT IS NOT A MLM. It uses the network marketing model but IT IS NOT A MLM! I have people under me, who have not recruited a SINGLE PERSON but earning from the growth of Utoken value. Using the MLM structure is just a strategy employed to boost marketing!
Ufun earns 1% from the transaction of UTOKENS from member to member or for products/services. Ufun earns another 10% if you withdraw it from your bank as liquid cash. Ufun also earns from its currency exchange which is set at 15% more than the dollar value.
Yes, to an extent it also earns from the start up fees of new members.
That is why it is not primarily a MLM or Ponzi. If you study its structure, you will realize that for UFUN to earn, it must have a circulation of this currency, just like any normal currency/bank. a PONZI scheme has a different structure and so does a 100% MLM scheme. (there is nothing wrong with a MLM scheme who has a legit product btw; its just a misconception attached to the term MLM.)
BDG Bank, is the bank located in Guinea, bdg-guinea and for those who know about the ASIA PACIFIC FINANCE FORUM, the president of BDG Bank shared why they are partnering with UTOKENS in this digital revolution. I heard the speech fellas!
(Ozedit: recruitment spam and dummy spitting removed)
Sorry for caps, How can Ufun compare their coin to currency and cryptocurrency and they are not registered anywhere.
It’s not about “how can they?” , but about “why do they?” . Because when they compare Utoken to Bitcoin and real currencies, SOME people will give them real money and make them become rich.
“If it looks like a duck, walks like a duck, quacks like a duck” then most people will say “it’s a duck” . (And it most likely IS a duck in that case.)
If you reverse that “duck logic”, then you can MAKE people believe something is a duck even if it isn’t. You can point out some similarities and try to direct their attention away from the differences .
DUCK INVESTMENT → BECOMING BILLIONAIRE.
The idea of MAKING people believe something is a duck doesn’t make much sense in itself. It first starts to make sense if they’re willing to PAY $575 for that “duck”.
But people have a lot of resistance against that idea (most people are really not that interested in “ducks”).
They will first start to become interested if you tell them that the “duck” will multiply many times and raise in value , that their initial investments in “ducks” eventually can be sold to “duck collectors”.
First then will people be willing to voluntarily give away their money. They must visualise themselves becoming rich when “duck collectors” wish to purchase some “ducks” in the future.
Information Keeps Changing: Did the Banks Stop them and they had to get other banks??
(Ozedit: Broken Facebook link removed)
Send your payment in EUROS ONLY! Please DO NOT use terms like Investment, Utoken or Digital Currency onform. Use terms such as GOODS AND SERVICES or SALARY.
Go to your bank or your bank’s website and submit a wire with the exact information below.
Payee: Banque de Développement de Guinée S. A,
Account Number: 01066030020.
Payee Address: 6E, Rue Ka 24,
Avenue de la Republique,
Conakry, Republique de Guinee.
Swift Code: BIAOGNGN.
Bank Address: NSIA Banque Guinee.
ALMAMYA KA0110, AVENUE DE LA REPUBLIQUE.
Payment Instructions: Credit in favor to UToken Reserve Limited account.
(this is not required or omitted by most banks)
Description: Purchase Software.
Unless you live in Africa, paying through African banks was never a good idea.
Send your payment in EUROS ONLY! Please DO NOT use terms like Investment, Utoken or Digital Currency onform. Use terms such as GOODS AND SERVICES or SALARY.
They are shacking in their boots. This is a huge red flag that that they are afraid of US agencies.
They know that they will be nailed for using illegal investments and currency.
I was at the Ufun office in Malaysia. The tower in Bangkok, Thailand is for real, right next to Bina Puri office which is in the same area. (In fact, Ufun has just purchased one more tower behind its main HQ to accommodate its growth. We own it, not rent it.)
And this verified how?
Oh right, your upline told you…
The reason they said they have no affiliation.
…is because they have no affiliation with uFun Club. It’s all bullshit, just like the crap about offices and buildings.
Ufun the company, holds 29% shares of the Bangkok Marina Resort and Spa.
Says who? Let me guess… your upline.
I seen the chairman, I seen the people, I know the management.
Certo. So who are they then chief?
AND NO, IT IS NOT A MLM. It uses the network marketing model.
Just let that sink in for a moment.
And the dumbass of the year award goes to…
Ufun earns 1% from the transaction of UTOKENS from member to member or for products/services. Ufun earns another 10% if you withdraw it from your bank as liquid cash. Ufun also earns from its currency exchange which is set at 15% more than the dollar value.
Yes, to an extent it also earns from the start up fees of new members.
UFun doesn’t “earn” qualquer coisa. They charge you fees to keep funds trapped in the system, with all revenues derived from investing affiliates. Same as any other Ponzi scheme.
you will realize that for UFUN to earn, it must have a circulation of this currency,
The circulation part is smoke and mirrors. The only revenue generator for uFun is affiliate investment.
BDG Bank, is the bank located in Guinea, bdg-guinea and for those who know about the ASIA PACIFIC FINANCE FORUM, the president of BDG Bank shared why they are partnering with UTOKENS in this digital revolution. I heard the speech fellas!
Assuming this is true (which I certainly don’t), we’ve seen plenty of bank sued in the aftermath of Ponzi shutdowns for assisting with the laundering of money.
A bank in Asia getting into bed with a multi-million dollar Ponzi scheme? Well I never…
Oz : Ufun the company, holds 29% shares of the Bangkok Marina Resort and Spa.
Says who? Let me guess… your upline.
this was already debunked earlier in this thread with the direct quote and screenshot link from the resort’s website.
these scammers need to get together and see which stories they used already.
(Ozedit: Outdated news articles from 2013 do not cancel out official statements from Buna Puri stating they have nothing to do with the uFun Club Ponzi scheme.)
And as far as Ufun’s earnings are concerned, it is used to invest into businesses that back its reserve. One example is unispace. tv and u365m , both of which are under UFUN Media. Unispace was previously called UWAY TV before it was rebranded.
u365m is a traveller sim card that has just been launched in MAlaysia at an event inaugurated by the Selangor State Minister. Covered by a wide range of Media as well. At the recent ITB fair in Berlin, U365m was part of TOURISM MALAYSIA as it is primarily a traveller sim card.
The point here – Ufun diversifies into various sectors to back up its reserve and maintain a cash rich environement.
Common sense question: Which PONZI scheme had physical offices in around 10 countries?
The next two planned for the USA and Dubai. Which PONZI scheme diversifies into various physical businesses? And why bother with udbpbank/ and BDG bank?
The Chairman is DATO DANIAL TAY whom I HAVE MET PERSONALLY and SPOKEN TO. The details of which will not be shared here.
None of this info is from my upline. I keep in close contact with the management of the company.
I am thankful to be a part of an emerging trend.
(Ozedit: Offtopic derail attempts removed.)
As above, please don’t quote articles that are superseded by recent statements by Bina Puri.
And as far as Ufun’s earnings are concerned, it is used to invest into businesses that back its reserve.
Whatever token amount may or may not be “reinvested back into the business” pales in comparison to the new investor fund amounts used to pay off existing uFun Club investors.
Call it backing up the reserve or whatever else you want, it’s just a Ponzi kitty being withdrawn on by earlier investors. New investors hope that they won’t be the last to invest, so that when the time comes they get a chance to steal people’s money too.
Common sense question: Which PONZI scheme had physical offices in around 10 countries?
Common sense? Try “irrelevant dumbass “hey look over there!” marketing question”.
The answer to which does nothing to address the Ponzi nature of uFun Club’s business model. Ditto all the other marketing bullshit you came up with.
why bother with udbpbank and BDG bank?
So that investors like yourself can run around the internet asking “why bother with udbpbank and BDG bank?” It’s Ponzi smoke and mirrors…
The Chairman is DATO DANIAL TAY whom I HAVE MET PERSONALLY and SPOKEN TO. The details of which will not be shared here.
Oh of course not.
The next two planned for the USA.
Tell them to hurry up then. We haven’t had a major Ponzi bustup story in 2015 yet. This might yet be the one.
DigiVestor, the last time I read about a UFUN office in the USA was that UFUN have already purchased an office in California and are planning to open one in New York too.
There were also claims that UFUN are building an office in the UK in Canary Wharf. Do you have any proof of any of this since you are close to UFUN management?
Can you also clarify as to why UFUN have implemented the strict MTV (Maximum Trading Value) rules since February which has resulted in severe selling restrictions of Utokens? Is signup money running out?
Why tell people they can become millionaires with Utokens when it would take a hundred years or so to withdraw over $1 million with these rules?
Zak if your still here. have a question:
Why does Ufun make its people who have joined handle the international bank wires?
Why doesnt the company do it on their official website and lessen the risk of identity theft, international securities laws, fraud?
There are three major possibilities that I see here:
1) UFUN Club has nothing to do with UFUN the (failing?) developer. It’s a parasite much like GetEasy’s “TachoEASY Iberica” trying to leech off the real TachoEASY.
2) UFUN Club is a rogue op or UNODIR op within UFUN developer trying to inject a new round of money into their failing projects (and the organizers gets to skim off a fat chunk)
3) Ufun Club actually is a part of official sanction op within UFUN developer trying to rope in the unwary before the authorities step in.
Incredible investigation. Parabéns.
I have been contacted by a promoter. I did to him some of questions that you have treated in your inform without serious answer. Obrigado!
(Ozedit: BehindMLM isn’t the place for personal opportunity recommendations)
I joined utoken a year ago. so what’s the future of utoken now?
At some point new investment funds will dry up, meanwhile affiliate ROI liabilities will continue to increase exponentially.
Can someone give an input on this?
(Ozedit: Spam video removed)
We’ve been over that, it’s total BS. Notice the edit when he brings up the notice.
If there was any legitimacy to it they’d have just linked to the alleged announcement itself. Not to mention the notice has obviously been written by uFun or one of their affiliates.
Government communications aren’t as painfully amateurish as that.
All over the news last night here in Thailand, English language news update here:
End of the road for ufun and utoken.
All the offices are open today. If you read the news it says “alleged”.
Did you see the Gateway Klang project video on YoutTube? This project is worth about $400 million dollars and UFUN is an owner.
Mark my words… UFUN is not going anywhere. It will just become bigger and stronger.
^^^ Lol, Thai police raided and shut the offices down. Stop regurgitating what your upline told you.
Did you see the Gateway Klang project video on YoutTube?
Couldn’t care less, has nothing to do with uFun Club being a fraudulent $300 million dollar Ponzi scheme.
Hey hater, UFUN offices are all still open. Nothing was raided , they arrested some members who were doing their own thing on the side that had nothing to do with UFUN.
The 5 aren’t even officials and Dato Daniel Tay or Anthiwat Soonpan are not in any trouble with the law , all the company sites are still up and running, no Cease and Desist were given so Business As Usual.
This has happened before many times and just another bump in the road and I didn’t hear this from the upline, I heard it from the top my self with my own ears and my own eyes.
So since your in USA how can you possibly know what’s gong on at the UFUN office.
Get on of your informants to go and check today to see if the office is still open and then report back what you find out.
UFUN isn’t going anywhere , if anything , this just made it stronger and when this is all over with you will see that UFUN is unstoppable. Get ready for a Paradigm shift!!
The delusion is strong with this one…
UFUN offices are all still open. Nothing was raided.
Right… go watch the footage showing the raids son.
the 5 aren’t even officials and Dato Daniel Tay or Anthiwat Soonpan are not in any trouble with the law.
Warrants have been issued for their arrest in Thailand. They are now fugitives on the run.
This has happened before many times.
No. uFun Club has never been raided and shut down before by regulators.
I heard it from the top my self with my own ears and my own eyes.
Take your upline’s dick out of your mouth and go read the actual news stories covering the event.
Thai news reporters have done a pretty good job of documenting the raid. They know more than the people who scammed you.
They are doing so illegally since Thai police revoked their business reg on April 8th. Read thew news instead of messages.
let’s put it this way. If I spend $5 on a piece of paper.. and the piece of paper splits in to 5 pieces.. does the value of the paper increase to $25 ?
Digital currency splits can’t possibly result in the 500% returns they are promising.
Digital currency confuses people and makes people think something impossible is possible, and the explanations sound like the person speaking knows what they’re talking about.
But if a currency is born digitally that has no actual value, splitting it doesn’t cause the amount of value to increase.
They do want more deposits to keep up with the spending habits of the top earners, though.. because the bigger earners are pulling money out fast.
Why wouldn’t cutting a 20 pound bill in 5 pieces cause each piece to be valued at 20 pound.
That’s the same thing.. they need more “investors” to pay off earlier investors.
Digital currency splits can’t possibly result in the 500% returns they are promising.
It won’t increase the VALUE of the investment, but it might increase “investor happiness”.
The brain can’t see the difference between a growing balance of money and a growing balance of virtual currencies. People are not born with the skill to detect the difference, they must first learn about the difference to be able to detect it.
In almost every MLM Ponzi scheme I have seen, investors have felt quite happy about their own investments. They all seem to believe that they already have made a profit and will continue to make a profit.
UFUN Club tries to attract specific groups of investors = people vulnerable to “visual proofs” and “physical appearances” = they already have some ideas they strongly believe in and they can easily be tricked to believe in something that appears to be real.
Digital currency splits can’t possibly result in the 500% returns they are promising.
But if a currency is born digitally that has no actual value, splitting it doesn’t cause the amount of value to increase.
They are doing it backwards. As in stock market, increase in value of the stock causes the spit, not the other way around. Thats true of any investment.
Digital currency may have some value as long as people use it and it fills some void (not always legal void) that regular currency has difficulty to fill. Of cause, some technological breakthrough can make value of any cryptocurrency zero at any moment (similar to default).
And digital currency never needs to be split. You can pay with 0.0001 of a coin if value of a coin is high enough. Very small fractions of a coin can be encoded. At least that what I read when bitcoin was high commodity.
All of you fellas, you are welcome to come to the official launching of GATEWAY KLANG in Malaysia. 30% owned by UFUN – shopping mall + Hotels + condo + office units.
The two hotels that have booked the two towers are NOVOTEL and BEST WESTERN.
Any of you panicky UToken members, come over and book a unit with your UTokens. I will be there.
And for the rest, UFUN advisor is a general in Thailand. It is not hard for anybody to catch him. Yet he is alive and well. It is so silly to paint a picture of UFUN bosses running lol! So childish! And so funny!
Believe what ever you want to believe. We are getting stronger.
Soon, you will hear of a IPO listing in France. Mark my words. I will be back here in two months 🙂 Cheers! #makingithappen #UFUN.
If you believe that, I think there’s a bridge for sale I can interest you in… 😉
All of you fellas, you are welcome to come to the official launching of GATEWAY KLANG in Malaysia. 30% owned by UFUN – shopping mall+Hotels+condo+office units.
The “Bangkok Marina Resort & Spa” falhou.
Are we looking at another failed project here?
October 29 2014.
“Breach of Purchasing Agreement” letter (“failed to pay the second payment”) from Bangkok Property Co. Ltd. to UTR Holding Ltd.
RE: Breach of Purchasing Agreement Article 1.3.
TO: Managing Director UTR Holding Ltd.
REF: Purchasing Agreement dated 3 July 2014.
UTR Holding Ltd. have fully paid for the first 100 out of 300 lodging units, but it failed to pay for the second 100 units. The October 29 letter is a final warning, “pay within 7 days”, and is signed by an attorney.
I am in Dubai…. received invitation from uFun…. for a talk at Regent Hotel Palace in dubai.
All of you fellas, you are welcome to come to the official launching of GATEWAY KLANG in Malaysia. 30% owned by UFUN – shopping mall + Hotels + condo + office units.
The development company denied the 30% ownership? UFUN has only brought investors (buyers) to the project, but it doesn’t have any ownership.
Siao Rei Xing (sp?): Brought members to Klang to invest UFUN has NO ownership stake/stock in Gateway.
Any of you panicky UToken members, come over and book a unit with your UTokens. I will be there.
It also denied that people could use Utokens for a 10% down payment (translated from a Chinese source):
UToken members can use UToken at a development in BaSeng (Klang?) Gateway, and conducted investment points, and pay 10% downpayment of real estate. However, the CEO of developement company have denied such claims.
Here’s a list of the UFUN Club articles here, and where to find them. Usually only the newest ones will be active and receive comments.
Malaysian police contacted about uFun Club on April 16th?!
Thai police seize more uFun assets, Ponzi party in Malaysia.
Malaysian Prime Minister’s son linked to uFun, untouchable?
Malaysian political scandal delaying uFun Club investigation?
uFun Club Bangkok Marina & Spa units seized.
uFun Club abandon investors, Bina Puri file complaint.
uFun press-conference cancelled. Malayasian regulators?
Thai police estimate uFun Club Ponzi losses at $1.17 billion.
uFun Club ringleader wanted for pyramid scheme fraud.
uFun Club investigation to be handled by Thai police.
Over 80 uFun investors file claims for at least $679,000.
uFun Club Ponzi losses top half a billion dollars.
uFun Club accountant caught fleeing, arrested.
Thai regulators seek extradition of uFun Club fugitives.
uFun Club’s General Soonpan flees, arrest warrant issued.
uFun Club investors in denial over shutdown, spread lies.
uFun Club raids & arrests in Thailand (uToken)
Goldmine Ads Review: uFun Club Ponzi scheme feeder?
February 03 (This article)
uFun Club Review: uToken digital currency investment.
It appears this ponzi has found it’s UK people to push the scam there. A group of them have been out there and are now back home getting their friends and family into it.
Abdul is known in the UK for being a key person in pushing Banners Broker, Hourly Rev Share, Flexkom, My Advertising Pays, Ad Hit Profit, imarketslive, Zeek.
there are quite a few maps scammers that have been in this a while. They’re trying to sanitize their facebooks about it too.
kinda makes ya wonder since this is suppose to be legit. ri muito.
All of you fellas, you are welcome to come to the official launching of GATEWAY KLANG in Malaysia. 30% owned by UFUN – shopping mall + Hotels + condo + office units.
We have heard about it. From a lot of people denying it’s true.
Soon, you will hear of a IPO listing in France. Mark my words. I will be back here in two months.
We have heard about that one too. Unispace TV didn’t get listed.
Seems a lot of the old Ufun promoters are now focussing on new crypto One Coin - any views of that from u guys?
We have a review here.
OneCoin can be called “UToken Ultra light” or “Utoken Mini”. It has less “schwung” than Utoken / Ufun, e. g. OneCoin has no signing ceremonies and no Miss Kebaya, no Gateway Klang and no marble mines.
it really should be called ‘NoCoin’.
Ufun/Unascos nickel mining investment is in Sulewesi, Indonesia, but will be listed in Australia Exchange in May 2016. Agreement will be signed in October 2015.
What happen to nickel mining in Sulewesi? Why to be listed in Australia? Please give enlightenment! tq.
Indonesian authorities already confirmed the Indonesian mine was a load of bollocks.
Australian IPO? Ri muito.
Ufun released video of the investors and Dato’ Daniel visiting the nickel mining in Sulewesi and press statement released that the nickel has future prospect in China’s industries. Pse comment.
They visited a paddock with a shed.
Indonesian police later confirmed the talk about mines was bogus (the mine company doesn’t exist).
Indonesian police looks to be moore allert than the Maaysan one, wonder why?
Indonesian police looks to be moore allert than the Malaysan one, wonder why?
How we take back our investment point to exchange money?
Uh, uFun Club collapsed years ago. Your money is long gone.
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Feedback.
Oz: "They don’t, so why would I." Teazyeast: "Surprised that you don’t mention the fact that they have a team of investors. " Cryptoskeptic: "Wonder why the authiorities aren’t going after the Hunt types in this. " anjali: "top usi tech affiliate mike klinger of the US who has been posting videos in support of. " anjali: "attorney Joshua R. Kotter who has been inviting usi tech victim claims purportedly to. "
Comentários MLM.
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$310 Million Utoken Scam Operators Arrested In Thailand.
Executives Apichanat Sankla and Pol Sub Lt Rittidej Warong being taken to court after their arrests on Friday.
In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme selling a cryptocurrency called “Utoken”, and stealing over 10 billion baht (roughly US$310 million).
Websites promoting Utoken claim that it “will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency”.
According to Thailand authorities, the Sunday raid was a result of several complaints made by victims of the alleged UFun pyramid scheme. The scheme was international in scope, involving over 14,000 victims from Thailand, Malaysia and Indonesia. Only 250 million baht (roughly $7.6 million) have been seized by the Anti-Money Laundering Office so far.
No more fun.
UFun sold various cosmetics and supplements. The company focused on referring new customers, rather than selling the products. Customers were encouraged to invest up to $50,000 in order to receive discounts on the products.
Rittidej Warong, a resident of Bangkok and owner of a major share of the business, was arrested during the early morning raids yesterday. Rattavich Thiti-arunwat, one of the top recruiters at UFun, was arrested at his residence in China Mai. Authorities seized several luxury items from his property. Shareholder Chaithorn Thonglorlert was apprehended in Bang Na. Police seized several hundred thousand baht from Thonglorlert’s residence.
Rattavich Thiti-arunwat, one of the men accused of stealing $370 million by selling “Utoken” cryptocurrency.
Following the arrests, Chief of Police Somyot Poompanmoung held a press conference and revealed some details about the ongoing investigation of UFun. He said authorities took an interest in UFun as a result of disgruntled consumers who were filing official complaints at government offices across Thailand in 2014.
Cars and gold bars.
On the 8th of April, the authorities declared UFund a pyramid scheme and issued arrest warrants for all company shareholders and directors. Somyot Poompanmoung was quoted in an article by the Bangkok Post:
“We found the company did not mention products it registered to sell in its sales pitches. Instead, it urged clients to expand their teams by offering in return high-value items such as cars or gold bars. That way, the money it made mainly came from new members rather than from selling the products.”
UFun used its own cryptocurrency called UToken to let customers purchase its products. Members were strongly encouraged to bring in new clients with a very hefty bonus scheme. The authorities examined the promotional material and the amount of funds that were derived from new entrants into the scheme, and concluded that UFun’s profit from recruitment of new members greatly overshadowed proceeds originating from product sales.
Thai authorities are still on the hunt for three other Malaysian citizens believed to be connected to the UFun scheme.
In March of this year, Trendon Shavers, who went by the nickname [email protected], plead not guilty to operating a bitcoin ponzi scheme worth 764,000 BTC ($188M at press time).
What do you think about this recent ponzi scheme bust? Share your opinion below.