“We looked into its business and found it was in fact a pyramid scheme. We revoked its corporate licence on April 8 and sought eight arrest warrants for its shareholders and directors, three of whom are Thai,” Thailand’s police chief Somyot Poompanmoung was quoted as saying in the report.
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| Ufun packages |
In the report, UFun is described as operating a “complicated” sales model that focuses more on recruitment of new members rather than actual sales.
