MBI Worldwide’s Tedy Teow extradited to China


Tedy Teow Wooi Huat (aka Zhang Yufa) pops up within the information each few years.

The fees get greater and the way a lot Teow is reported to have stolen will increase.

Following approval of Teow’s extradition in January 2023, he was lastly extradited from Thailand on August twentieth.

Teow (proper), a Malaysian nationwide, was behind MBI Worldwide. BehindMLM reviewed MBI Worldwide in 2016, accurately it as an MLM Ponzi scheme.

Malaysian authorities arrested Teow in 2017, shortly after which he was capable of flee the nation.

Teow was arrested for a second time in Thailand in 2022. Chinese language authorities have been fast to place in an extradition request, citing $83 million laundered via Macau.

Chinese language authorities issued a global arrest warrant for Teow in November 2020.

Malaysian authorities, who accuse Teow of defrauding ~350,000 traders out of $165 million, didn’t put in an extradition request till 5 months had handed.

Since January 2023, Teow’s prison case in China has in the meantime ballooned out to 100 billion yuan (~$14 billion USD), stolen from over ten million traders.

So far as MLM associated crime goes, the figures are staggering.

Undecided what the penalty is for stealing $14 billion in China however I believe we’re not going to be listening to from Teow shortly.

Pending any additional updates, we’ll hold you posted.