UFunClub

The docket of of New York’s Kings Supreme Court (Brooklyn) shows that Kenneth Goldstein has pleaded guilty to a charge of unlicensed practice of law and a charge of offering a false instrument for filing. Goldstein, a purported JAG lawyer and figure in the SVM Global Initiative story, earlier pleaded guilty to the same charges […]

UPDATED 6:29 P.M. ET U.S.A. Kenneth Goldstein, who became a curious sidebar in the bizarre story of the SVM Global Initiative “program” led by Sheila V. Tabarsi, has pleaded guilty to unlicensed practice of law and offering a false instrument for filing. The latter charge is a felony, according to the office of Bronx County District […]

UPDATED 11:15 P.M. EDT U.S.A. Still pushing UFunClub (or Unascos) and absurd propositions such as UToken? Follow the narrative of the Spanish National Police and see if it reminds you of anything you’ve heard before. Any number of digital-currency scams currently are fleecing people globally. Indeed, National Police have announced the arrests of 20 individuals […]

A Louisiana man ripped off investors in a multifaceted Ponzi scheme and used some of the cash to buy a “new Chevrolet Camaro for one girlfriend and breast augmentation surgery [for] another girlfriend,” according to a bill of information filed against him. John Sposato, 64, of Slidell, has been charged with wire fraud, the office […]

On May 14, someone used the SEC’s EDGAR database to plant a bogus news release that claimed a company known as PTG Capital Partners LTD. had made an offer to buy out Avon Products Inc. for $18.75 a share. As NPR put it on May 15, this was “a huge premium.” DealBook, on May 14, […]

If you want to sell UFunClub/UToken, you have to understand that you’ll encounter opposition from “sheeples,” according to American promoter Michael Mansell of the UFUN Dominators Team. These sheeples will be trapped in their miserable lives to the point of being brain dead, and therefore will not understand that the visionary Dominators seek to “change […]

UPDATED 7:57 A.M. EDT U.S.A. UFunClub and its purported digital currency known as UToken are the latest examples of grandiose absurdities in the MLM/network-marketing HYIP sphere. These transnational schemes pose an untenable economic and political danger. They must be destroyed. To the people of Thailand and likely an incredibly large number of people in other […]

UPDATED 10:52 A.M. EDT U.S.A. The Colorado Division of Securities said it “will look into the extent” of promotional ties the UFunClub “program” now under investigation in Thailand may have in the state. Whether other U.S. states would follow Colorado’s lead was not immediately clear. Earlier cross-border MLM/network-marketing schemes such as Profitable Sunrise and WCM777 […]

UPDATED 6:17 A.M. EDT APRIL 21 U.S.A. The Colorado Division of Securities has directed an “Order to Show Cause” to “Achieve Community,” alleged in February 2015 by the U.S. Securities and Exchange Commission to be a combined Ponzi- and pyramid scheme that gathered at least $3.8 million. Colorado’s order cites a “Division Case No.” of […]

Are “sovereign citizens” immersed in the “SVM Global Initiative” and “UFunClub” cross-border, network-marketing schemes? “Sovereign citizens” may have an irrational belief that laws do not apply to them. It is not unusual for them to be involved in financial fraud, and some “sovereigns” have been linked to MLM HYIP frauds and securities offering frauds. Individuals […]

UPDATED 7:10 A.M. EDT APRIL 18 U.S.A. A year has passed since the U.S. Securities and Exchange Commission announced the prosecution of TelexFree. Here’s the lede from the PP Blog’s story on April 17, 2014: The U.S. Securities and Exchange Commission (SEC) has filed charges against the alleged TelexFree pyramid scheme and a federal judge […]