Troubles in Pakistan and Identity / Credit card fraud

The situation is going worse in Pakistan for Unaico / Sitetalk /OPN and National Accountability Bureau starts arresting people. This is a quote from some Pakistan media.

ISLAMABAD, May 4: The National Accountability Bureau (NAB), Rawalpindi, has unearthed another double Shah-like scam in which a large number of people were deprived of their hard-earned money in the name of ‘attractive investment’ in local and international markets.

The bureau started an inquiry against a firm called UNAICO Pakistan involved in the scam and sealed its office in Saudi-Pak Tower in the federal capital.

It also froze three bank accounts of the firm and put the name of its chief executive on the exit control list (ECL).

“The firm had been operating for the last four years and according to its staff it had more than 12,000 permanent members,” a senior official of NAB in Rawalpindi told Dawn on Friday.

He said NAB investigators believed that the number of the firm’s clients could be more than that disclosed by its staff.

He said total investment of the people with the company was said to be over Rs300 million.

“We have seized three bank accounts of the firm which contain Rs140 million,” the official said.

It also froze three bank accounts of the firm and put the name of its chief executive on the exit control list (ECL).

“The firm had been operating for the last four years and according to its staff it had more than 12,000 permanent members,” a senior official of NAB in Rawalpindi told Dawn on Friday.

He said NAB investigators believed that the number of the firm’s clients could be more than that disclosed by its staff.

He said total investment of the people with the company was said to be over Rs300 million.

“We have seized three bank accounts of the firm which contain Rs140 million,” the official said.

Atif Kamran, the main character of the scam and the owner of the company, is on the run but his name has been put on the ECL.

The NAB team visited the office of the company and observed that there was no documentary record of the people’s investment because all the transactions were web or internet based.

According to an official press release, NAB Rawalpindi initiated the inquiry against the company after receiving a report from the State Bank of Pakistan regarding suspicious transactions in its accounts.

Initial verification of the record revealed that the company, registered with the Securities and Exchange Commission of Pakistan (SECP), was involved in the illegal business of MLM (multi-level marketing) by enticing the general public for investments.

The company was running an illegal scheme; therefore, the SECP had placed a warning in the press, asking the public to refrain from investing in UNAICO or involving in any transaction with it.

The warning had clearly notified that the company’s business was illegal and not authorized by SECP.

“NAB Rawalpindi is in the process of contacting all members/investors of the company to approach the bureau office to verify their claims and record their statements for legal action against the company.”

The same information is also printed in Pakistan Today: 

NAB starts probe into UNAICO ponzy scheme

I have also been contacted by some users of Sitetalk SIM /Telecom / itel global group /Yaboo PLC that their payment information has been used for identity fraud and unauthorized payments which considering the background of criminals involved it is not surprising and probably only the tip of the iceberg.

If you have given your identification or credit card /paypal information to this people, you should remove it now. Change your password, email address,… for your payment system as soon as possible before you have been defrauded of your hard earned money. 

Share Review:
Yes it is. Based on the user review published on Beware.org, it is strongly advised to avoid Troubles in Pakistan and Identity / Credit card fraud in any dealing and transaction.
Not really. In spite of the review published here, there has been no response from Troubles in Pakistan and Identity / Credit card fraud. Lack of accountability is a major factor in determining trust.
Because unlike Beware.org, other websites get paid to remove negative reviews and replace them with fake positive ones.
Troubles in Pakistan and Identity / Credit card fraud is rated 1 out of 5 based on the reviews submitted by our users and is marked as POOR.
Never trust websites which offer a shady ‘advocacy package’ to businesses. Search for relevant reviews on Ripoff Report and Pissed Consumer to see more unbiased reviews.


>