If you happen to have been closely following the developments of the UFUN CLUB utoken online investment opportunity, or you are the investor yourself in utoken crypto-currency, then this latest news about the arrest of the UFUN store executives in Thailand might be of interest to you.
According to the news; which can be READ HERE, the three UFUN store executives were arrested yesterday by the Thailand Anti-Money-laundering, Economic crime suppression and Consumer protection authorities on charges of operating a ponzi scheme scam which has cheated the money out of the unsuspecting members.
Other three Malaysians and two more Thais are also under hunt to face similar charges upon apprehension.
The arrests were prompted by the dissatisfied members of the scheme who claim that they were misled to invest in the scheme which has so far not been able to meet any of the promises made and they feel cheated.
Furthermore, the anti money-laundering office had already frozen their accounts, claimed to be holding millions of dollars.
I happen to be one of the many prospects out there who were interested in the UFUN CLUB utokens investment opportunity, lured by the testimonials the members were sharing online (which sounded too good to be true yet convincing) to the extent that I was ready to invest some of the hard-earned money into the scheme, but only backed off when I realized that the lowest membership package was $575.
After finding out that the opportunity was far beyond my investment capabilities, I decided to keep it in check just to see if they would introduce some more affordable investment packages to attract more investors, but all I could come up with was that the utoken value kept on rising against the dollar as if manually manipulated (unlike the normal currencies which fluctuate due to the forces of demand and supply) whenever the announcement was made and the investors were very happy about their gains. The latest utoken price announced was $0.174 per utoken, a rise from previously announced 17 cents.
My follow up was made easier by the review post about the doubts surrounding the UFUN CLUB future as a ponzi scheme scam I had create some months ago which had attracted conflicting comments/opinions and debates from my readers.
It was through the comment left by one of my readers on the same post that I learnt about this latest development, where the reader had also included a link to the news.
In my opinion, if this latest development indicates the beginning of the end of the UFUN club as a ponzi scheme, then it will turn out as one of the multi-billion BIGGEST SCAMS of the century, where the members will lose the money they risked investing in utokens.
It will also act as a warning to me and others who get attracted by easy money making programs, only to get scammed of the little they have. And instead focus on building my real online business where the income is slow but certain and risk-free.