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6 sentenced to 20-50 years in prison for Eagle Gates investment scam

Caitlin Ashworth

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6 sentenced to 20-50 years in prison for Eagle Gates investment scam | The Thaiger
PHOTO: YouTube
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The Thai Criminal Court sentenced 6 people to prison for money laundering and investment fraud. The 6 defendants were involved with the Eagle Gates Group, a company which was found to be a front for transnational crime, according to the Department of Special Investigation.

The first defendant was sentenced to 50 years in prison while the other 5 were each sentenced to 20 years. They were also ordered to return the money to investors who were scammed with annual interest of 8%.

The company posed as a stock index trading company that started in the US in 2005. A group of agents would hold seminars to lure in investors.

Eagle Gates has been under the DSI’s radar for the past few years. The company is accused of defrauding 250 clients in Thailand and misappropriating 235 million baht. Altogether, 21 people have been prosecuted by the Criminal Court, according to the Bangkok Post.

Back in 2018, an American was arrested during a visit to Thailand for his involvement in the group. The US Navy veteran from Texas said he was reached out by a recruiter about an acting opportunity in 2016. The recruiter told him a company called Eagle Gates Group was looking for a “Western face.”

He was paid $15,000 to act in several videos. After the gig, he didn’t hear from the company. In August 2018, he landed in Thailand and was confronted by Thai police and arrested. He was later found not guilty and released after 13 months in prison.

SOURCE: Bangkok Post

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6 Comments

6 Comments

  1. Avatar

    Toby Andrews

    November 4, 2020 at 5:09 pm

    Six Thais I assume.
    Or not?
    Probably because they paid a American actor to voice the sincere, honest, pitch.

  2. Avatar

    Remo

    November 4, 2020 at 6:33 pm

    It is nice, congratulations to the Thai Court!

    In Europe these guys would spend 3-4 years behind bars, then they would be free to enjoy the millions they have stolen from people.

  3. Avatar

    MikeD

    November 4, 2020 at 7:40 pm

    This is excellent news. Good to see the Thai police put a stop to these scams. Scams like this give Thailand a bad reputation. Thanks for reporting this information.

  4. Avatar

    Toby Andrews

    November 4, 2020 at 11:09 pm

    I agree.
    However the majority of the scammers were Thai, so Thailand deserves a bad reputation.
    23 Thais and 9 foreigners.
    By the way this actor they hired, cheated the scammers of his fee.
    He was more wooden than Pinocchio . . . but without the long nose.

  5. Avatar

    David J

    November 5, 2020 at 11:23 am

    While a number of Thais were involved, the principals in this scam were Singaporean and Taiwanese and AFAIK, they are still lounging on their yachts, being careful not to drift into Thai waters.

  6. Avatar

    Edgard Rollenhagen

    November 7, 2020 at 1:41 am

    texan boy free after texas politician bought in his “innocense”. he was not an actor, just a pitty criminal who participated in the fraud (multiple countries). Rest of fraudsters may be hiding somewhere in seattle. Interpol radar operating…

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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.

Technology

Personal data of 13 million online users leaked in data breach

Maya Taylor

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Personal data of 13 million online users leaked in data breach | The Thaiger
PHOTO: www.techtalkthai.com

The Digital Economy and Society Minister is calling in the experts after revelations that a data breach means the personal data of over 13 million online users has been compromised. The details of the accounts have been found up for sale on an underground website, according to a Thai PBS World report. The news has sparked condemnation of Thailand’s cybersecurity.

It’s understood the data includes names, phone numbers, and email addresses, as well as information on online transactions carried out by users of Lazada, Shopee, Line and Facebook, as well as several other online platforms. It’s believed the data breach applies to transactions that took place in 2018.

The DES Minister, Buddhipongse Punnakanta, has contacted Lazada Thailand, who confirmed the breach was not at their end and are now investigating further. Meanwhile, the DES has invited online security experts from the Electronic Transactions Development Agency and the National Cybersecurity Commission, as well as representatives from each of the affected platforms, to a meeting next week to discuss ways of preventing such incidents.

The ministry insists the protection of online users’ personal data is a top priority and is working with all relevant bodies to beat the threat of cyber-attacks.

SOURCE: Nation Thailand

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Crime

Appeal Court upholds 20-year corruption sentence against former Buddhism chief

Maya Taylor

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Appeal Court upholds 20-year corruption sentence against former Buddhism chief | The Thaiger
PHOTO: Nation Thailand

The former head of the National Office of Buddhism has had his appeal against a 20-year sentence in a corruption case rejected by the Appeal Court for Corruption and Misconduct Cases. Phanom Sornsilp is currently serving a total of 94 years for the misappropriation of temple funds in multiple cases brought against him.

The court also upheld the 20-year sentence handed down to his accomplice, the former director of the Office of Temple Renovation and Development and Religious Welfare, Wasawat Kittithirasith.

Lesser sentences being served by 2 other accomplices were also upheld. Jetsada Wongmek is currently serving 6 years and 8 months for his role in the embezzlement, while Charin Mingkwan is serving 20 months. Phanom and Jetsada were ordered to repay a total of 12 million baht to the National Office of Buddhism, with Wasawat and Charin ordered to repay 3 million baht.

Phanom was arrested, charged and sentenced after it was revealed that he and his accomplices were arranging substantial funds for temple renovations on condition that 75% of the funds be returned to them under the table. Money was handed out, not just for repairs and renovations, but supposedly to cover attendance at study courses and religious festivals. When abbots at the beneficiary temples returned the bulk of the money to Phanom and his co-conspirators, they kept the funds for themselves.

In May of this year, the Central Criminal Court for Corruption and Misconduct also found Phanom guilty of embezzling an estimated 50 million baht that had been earmarked for temples in the central province of Nonthaburi, during 2013 and 2014. He was sentenced to a further 52 years, taking the total time behind bars to 94 years.

SOURCE: Bangkok Post

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Crime

Teenagers break vending machine by inserting beer bottle tops to pay for coffee

Maya Taylor

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Teenagers break vending machine by inserting beer bottle tops to pay for coffee | The Thaiger
PHOTO: Thai Residents

A group of teenagers in the eastern province of Chon Buri has been caught on CCTV inserting flattened bottle tops into a coffee vending machine, causing it to break. In the footage, 4 teenagers, male and female, can be seen arriving on a motorbike and parking in front of a convenience store in the early hours of Wednesday morning.

They are then seen flattening beer bottle tops and sticking them in a vending machine outside the store. Miraculously, their efforts pay off and the machine dispenses a cup of coffee. The 4 can be seen sharing the hot drink and then driving off. It’s understood the cost of a cup of coffee from the machine is 10 baht.

Teenagers break vending machine by inserting beer bottle tops to pay for coffee | News by The Thaiger

The 61 year old store owner first realised there was a problem when a customer told her the vending machine wasn’t working. Shopkeeper Somjit Ketkaew tried to insert a coin and was unable to do so, asking her son to check the CCTV footage. She says she doesn’t recognise any of the teenagers and believes they are not from the area.

The machine was opened up to reveal several objects inside, including flattened bottle tops and round metal objects, including 1 baht coins, although the machine only accepts 10 baht coins.

The former village head, 64 year old Charoen Ketkaew, says the machine was installed using 60,000 baht of village funds. The intention was to give villagers access to decent coffee at a cheap price. As the machine is now out of warranty, he says they have been quoted 8,000 baht to repair it.

SOURCE: Thai Residents

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