Connect with us

Crime

200 people file complaints with Pattaya police after losing money from alleged pyramid scheme

Published

 on 

Stock photo by Dylan Gillis for UnSplash

Pattaya police say 200 people have filed complaints after losing money to the dodgy online money-making app by “SPM Shopping Mall,” which appears to be a huge pyramid scheme. This week alone, 70 people, Thai nationals and foreigners, filed complaints with Pattaya City Police. Officers suspect around 10,000 people in Thailand fell victim to the scam, losing millions of baht altogether.

In reports filed with Pattaya police, victims say the suspects advertised the online investments on LINE and Facebook groups, as well as in comments made on Facebook. Victims say they had to make a minimum investment of 500 baht, according to the Pattaya News. A source told The Thaiger that the scheme entices people to make an investment with the promise of a 3-fold profit within 10 to 14 days.

The victims were asked to rate items in an online shopping mall by “clicking” on the item as a positive rating and they would be rewarded based on the number of “clicks” and the money invested, a source told The Thaiger. The more money invested, the more opportunities to “click” items.

The Pattaya News says victims had to play and watch online advertisements around 60 times and were apparently supposed to earn a 6% gain from their initial investment. Some victims say they invested up to a million baht, Pattaya News says.

When the money transfers did not go through as promised, victims attempted to contact the admin in their LINE chat group, but no one got a reply, a source told The Thaiger.

More than 28 LINE chat groups have been reported as well as various websites linked to the “SPM Shopping Mall.” The domains were registered in different cities in China and Hong Kong between March 2020 and December 2020 under the name Xiao Dong Gan, according to a source. The first domain was hosted by a server in Bangkok’s Bang Na district, the source says.

Here are some of the domains for the “SPM Shopping Mall”…

1: https://spm.baironghj.com

2: https://spm.diyinobuone.com

3:https://spm.klayky.com/

4: https://shoppingmall.ubsguoji.com

5: https://shoppingmall1.klayky.com

6: http://shoppingmall.diyinobuone.com

SOURCE: Pattaya News

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Follow Thaiger by email:

Sporting Activities11 mins ago

Asian Winter Games 2029 to be held in Saudi Arabian futuristic city

Hot News38 mins ago

China warns US with display of aircraft killer nuclear missiles

World14 hours ago

Kanye West’s ‘White Lives Matter’ shirt at Paris Fashion Week

Sponsored7 mins ago

Starting a business and obtaining SMART Visa in Thailand is easy with Startup Booster

Thailand15 hours ago

Tangmo defendant repays vow with 5-metre Ultraman figure

Bangkok15 hours ago

Bangkok asks companies to let employees work from home until October 7

Thailand15 hours ago

Thailand News Today | Prime minister’s achievements since coming back to the office

Join the conversation on the Thaiger Talk forums today!
Best of15 hours ago

Revealed: the best rooftop bars in the world

Thailand15 hours ago

Father & 2 year old son shot in Chiang Mai

Pattaya16 hours ago

Officials predict over 100,000 people at Pattaya International Fireworks Festival

Thailand16 hours ago

Six-legged golden frog brings good fortune in northern Thailand

Tourism16 hours ago

British Embassy Bangkok to hold a conference on tourism safety and security

Thailand16 hours ago

Mother seeks justice after a monk slapped her son

Expats16 hours ago

Bangkok ranked one of top 5 expat cities

Thailand16 hours ago

Woman abandons home after police ignore four burglaries

Thailand17 hours ago

VIDEO: Brave citizens save delivery driver swept away by floods in northeast Thailand

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending