UToken and UFUN

[drawingthesun]

So I have some friends and relatives that want to get into UToken.
I'm 110% sure this thing is a terrible scam.

Instead of just a bunch of troll posts, does anyone want to deconstruct it and present some valid points as to why this thing is a scam?

Anyone here from Asia? Ever heard of this UToken?

https://www.youtube.com/watch?v=aYaDbPgjRxk&feature=youtu.be&app=desktop

http://maintenance.utokens.com/utokeninfo/about_utoken.html

[GTO911]

UTokens are issued by “UToken Reserve Limited” a group of established international body representative from the Internet Technology, Business, Banking, Investors and Networking Industries.

Run as far as you can!!

[drawingthesun]

UTokens are issued by “UToken Reserve Limited” a group of established international body representative from the Internet Technology, Business, Banking, Investors and Networking Industries.

Run as far as you can!!

I tried to get this particular friend into Bitcoin, fast forward a couple of months and he found UToken and has already put $1,000+ into it.
I hope he is joking!

[GTO911]

http://cointelegraph.com/news/113934/four-arrested-in-us307m-alleged-pyramid-scheme-ufun

Busted! 

[drawingthesun]

http://cointelegraph.com/news/113934/four-arrested-in-us307m-alleged-pyramid-scheme-ufun

Busted! 

This is what happens when people think I am the Bitcoin crazy guy and instead of listening to me, go and buy stupid Utokens.

[samson]

From what I've read in the news today they're going to make a lot more arrests of those involved in ths scam.

[XCASH]

Snail2 nicely summed up the scam in March.

Centralized and regulated coin
Retro site design
"World Group" with a gmail address as contact
MLM style network
Promises guaranteed profit

Must be legit...

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