Problem confirmed on multiple OS (Win7 64bit, Win 8.1 64 bit, Ubuntu 14.10) and various Nvidia & Intel GPUs
Short description of error
When object is off view,
UV project from view & project from view (bounds) will distort and cause overlapping UV map.
Exact steps for others to reproduce the error
Select all (A), UV unwrap (U), Project from view (V) or Project from View (Bounds) (B)