BC Academy first popped up on BehindMLM’s radar as a
reboot
of the
uFun Club
Ponzi scheme.

uFun Club investors were given positions in BC Academy, suggesting the uFun Club affiliate database had been sold to BC Academy’s owners.

At the time limited information about the BC Academy MLM opportunity was available. Since then further details about the company have emerged, such that I’m now able to put together a formal review.

BC Academy claim to be “authorized” by BookCoins to “distribute shares”.

BookCoins is a separate company, who claim to be ‘
the world’s largest online bullion marketplace trading platform
‘.

BOOKCOINS manages billions of tangible and intangible assets including silver – more than the silver reserves of some countries.

There is no proof of either of these claims provided on the BookCoins website.

The company itself appears to be made up of three entities; BOOKCOINS LLC in New York, BOOKCOINS FZE in Dubai and BOOKCOINS Pte. Ltd. in Singapore.

BookCoins LLC does appear to be a registered corporation in New York. The address provided for the business however is that of an agent.

Another address in New York provided on the BookCoins website is that of a PO Box. As such, whether BookCoins actually exists in the US other than in name only is unclear.

BC Academy meanwhile provide a corporate address on their website in Kuala Lumpur, Malaysia.

According to BC Academy’s compensation plan documentation, the company is headed up by CEO Wyson Chan (right). BookCoins is headed up by Chairman Alex Siaw.

According to a post on Chan’s Facebook page dated September 2015, he and Siaw are working together through Naim Indah Corporation Bhd.

Today is a remarkable day for my career path. After months of consideration, I finally decided to make this announcement here that I have invested into a public listed company in Malaysia, Naim Indah Corporation Bhd (NICORP 4464 Main board Bursa Saham) and will be taking up the position of ” Business Development Director” in the company, and also “Managing Director” position in one of the subsidiary company, Naim Indah Mutiara Capital Berhad.

NICORP’s group chairman, Dato Seri Alex Siaw and his partner, Dato Ion Lee will be my close working partners in driving and developing the company. I would also like to thanks them for giving me this opportunity to work together.

Chan appears to have signed on as BC Academy CEO in early 2016.

As for Alex Siaw, Naim Indah Corporation Bhd was
tied to uFun Club
mid last year.

The MO of this group is the registration of dozens upon dozens of companies, through which the actual owners of uFun Club, BC Academy, BookCoins (and anything else they’ve launched) are obscured.

Read on for a full review of the BC Academy MLM opportunity.

The BC Academy Product Line

BC Academy has no retailable products or services, with affiliates only able to market BC Academy affiliate membership itself.

The BCA Network Compensation Plan

The BC Academy compensation plan s

🤖 Quick Answer

What is BC Academy's claimed relationship with BookCoins?
BC Academy claims to be authorized by BookCoins to distribute virtual shares. BookCoins presents itself as the world's largest online bullion marketplace trading platform, managing billions in tangible and intangible assets including silver reserves exceeding those of certain countries. However, no verifiable evidence supports these claims.

How is BC Academy connected to previous MLM schemes?
BC Academy emerged as a reboot of the uFun Club Ponzi scheme. Investors from the defunct uFun Club received positions in BC Academy, indicating that the uFun Club's affiliate database was likely transferred to BC Academy's ownership, suggesting organizational continuity between schemes.

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