Four Arrested in US$307M Alleged Pyramid Scheme ‘UFun’

By April 12, 2015Bitcoin Business

Thai police have arrested four executives of UFun Store Co. Ltd. , a business that operates an alleged pyramid scheme.

The company has reportedly made some 14,700 victims from Thailand, Malaysia and Indonesia, with an estimate of 10 billion baht (US$307 million) in possible damages, reported local media outlet Bangkok Post.

The four individuals are charged with collaborating in fraudulent borrowings and were arrested on Saturday, following several complaints from discontented members who had not received […]

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