An investigation into Unaico executives in Pakistan has progressed to the arrest part.
The Nationwide Accountability Bureau is investigating Unaico CEO Dan Andersson and Atif Kamran.
The investigation examined the allegation that Anderson and Kamran, by Unaico, prompted Rs. 190 million ($1.1 million USD) in losses.
The NAB’s investigation was introduced mid final yr. References have been filed in opposition to Andersson and Kamran final December.
One factor to notice is Pakistani media citing “Dean Ganarbajarnay Anderson” as CEO of Unaico.
I’ve not seen this identify earlier than and it doesn’t come up outdoors of protection of the NAB investigation.
Dan Andersson’s full identify is “Dan Gunnar Bjarne Andersson”. I imagine “Dean Ganarbajarnay Anderson” is a translation mangle.
Unaico was a pyramid scheme relationship again to the late 2000s. The authentic enterprise mannequin centered round SiteTalk, an in-house social media community.
By 2013 Unaico had collapsed, prompting The Alternative Community reboot.
Dan Andersson in the meantime spun off and launched LEO in 2012.
Initially LEO was a private improvement themed pyramid scheme. In 2014 the corporate jumped on the crypto fraud bandwagon and launched LeoCoin.
Over the following few years Andersson illegally solicited funding into LeoCoin, which itself went in the end nowhere.
One in every of LEO’s main funding markets was Pakistan. Authorities lastly took discover and moved to arrest Andersson in mid 2018.
Particulars since then have been sketchy. As of August 2019 we have been capable of verify Andersson’s case continues to be taking part in out, nevertheless there have been no updates since then.
Atif Kamran (proper) has been working with Andersson for the reason that Unaico days.
Kamran adopted Andersson from Unaico into LEO as the corporate’s Chief Advertising and marketing Officer.
By 2017 LEO was on the decline, prompting Kamran to bail. Later that very same yr he launched My Journey Biz, a travel-themed pyramid scheme.
Based on Kamran’s Fb profile he’s residing in London, UK. Dan Adersson’s currents standing is unclear.