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Forex-3D Ponzi scheme dupes thousands

Jack Burton

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Forex-3D Ponzi scheme dupes thousands | The Thaiger
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PHOTOS: MThai

At least 1,000 people have fallen for the ‘Forex-3D’ Ponzi scheme, with losses currently estimated at 10 billion baht. Victims and their lawyers have already filed reports with the Department of Special Investigation (DSI). Dozens showed up in front of the DSI HQ with posters showing the faces of people allegedly connected to the scheme. Victims have asked the DSI to speed the prosecution process and to create a QR code that will allow victims enable file their complaints online.

Forex-3D started as an invitation-only brokerage company, splitting profits at a rate of 60/40 with 60% to the investor. Members (investors) started with a minimum investment of 2,000 US$, or about 50,000 baht.

The company advertised that investments would be repaid at an extremely high dividend rate within a short period. But it began having problems repaying investors in April and didn’t respond to their queries. Victims became so confused and angry that they joined in a cursing ceremony at the company’s headquarters, aimed at the directors and those involved.

There are rumours that celebrities and some government officials have been victims of the scheme, and victims with many social media followers influenced others to invest. Victims have demanded that celebrities and others captured in photos with the company’s directors give the public an explanation. It’s now up to the DSI to decide how to investigate and who to prosecute.

Forex-3D has posted on Facebook denying being a Ponzi scheme, saying any incidents that may have happened were caused by members acting illegally, and that the company has no connection to such activities. Victims say that if the company is truly innocent, they should have no problem visiting the DSI in person.

Last week the Justice Minister, Somsak Thepsutin, handed a case, where at least 2000 victims were allegedly cheated out of more than 430 million baht, over to the DSI as well.

The ”Mae Manee pyramid scheme” was allegedly run by a couple who offered returns of up to 93% a month. The alleged architect of the scheme was using a fake profile as part of the scam.

Last Tuesday October 29 the Criminal Court approved warrants for the arrest of 28 year old Wantanee Tippaveth, aka. Mae Manee, and her 20 year old boyfriend Methee Chinnapha. They face charges of public fraud, illicit borrowings and the input of false data into a computer system.

SOURCE: Thai Residents

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Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Crime

Police search for man who allegedly stole 1.9 million baht worth of gold at gunpoint

Caitlin Ashworth

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Police search for man who allegedly stole 1.9 million baht worth of gold at gunpoint | The Thaiger
PHOTO: Nation Thailand

Police are searching for a man who allegedly pulled out a gun and stole 119 gold necklaces worth more than 1.9 million baht from a Tesco Lotus gold shop in the Isaan province Nakhon Ratchasima’s Non Thai district.

The man allegedly pulled out a gun and yelled at the Yaowarat Krungthep gold shop staff to get down on the floor. He then allegedly climbed over the counter, opened the display cabinets and grabbed dozens of gold necklaces. Police say he then took off on a motorcycle.

Gold shop employees told police that the man was wearing a yellow hoodie, red pants and a purple face mask. An employee at the scene said the man held a gun and ordered him to lie on the ground.

“The robber then jumped over the display cabinets and grabbed several gold necklaces before fleeing on a motorcycle, which had no license plate.”

Police are investigating and reviewing surveillance camera footage. Officers also set up roadblocks.

SOURCE: Nation Thailand

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Bangkok

Man arrested for allegedly importing millions of fake designer sunglasses

Caitlin Ashworth

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Man arrested for allegedly importing millions of fake designer sunglasses | The Thaiger
PHOTO: DSI

A 42 year old Chinese man was arrested for allegedly importing fake designer sunglasses after police raided 2 locations in Bangkok’s Thonburi area and seized 3 million pairs of fake designer sunglasses worth around 300 million baht.

Officers from the Department of Special Investigation raided multiple rooms at the Dao Khanong Condominium and the BMC Dao Khanong Cinema. The department posted photos of the raids showing rooms filled with boxes stacked to the ceiling.

Police say the sunglasses had major designer brand names like Ray Ban, Gucci, Oakley, Chanel, Christian Dior, Dolce & Gabbana, Cartier, Mont Blanc, Marc Jacobs, Armani, Fendi and Versace.

Man arrested for allegedly importing millions of fake designer sunglasses | News by The Thaiger

Man arrested for allegedly importing millions of fake designer sunglasses | News by The Thaiger

Man arrested for allegedly importing millions of fake designer sunglasses | News by The Thaiger

SOURCE: Thai Visa

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Bangkok

Police shoot and kill man suspected of dealing “K-powdered milk”

Caitlin Ashworth

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Police shoot and kill man suspected of dealing “K-powdered milk” | The Thaiger
PHOTO: HD.co.th

A man suspected of selling the ketamine-based drug cocktail, which is said to be tied to at least 10 deaths in Bangkok, was shot and killed in a shootout with police in Nakhon Pathom, just west of the capital. The narcotic cocktail, known as “K powdered milk,” is ketamine laced with methamphetamine, heroin and the anti-anxiety medication diazepam, all crushed up together resembling powdered milk.

Police tracked down 41 year old Wasan Khiaohom yesterday. He was in a pickup truck parked next to another car on a roadside in Nakhon Pathom’s Mueang district. As officers moved in to investigate, Wasan, who also went by the name Ple Kampangsaen, got out of a pickup and pulled out a gun, firing shots at the officers. Police fired back, shooting him. Wasan tried to flee the area, but collapsed and died in a wooded area by the road.

Police say they searched Wasan’s pockets and found a small bag of “K powdered milk” and 40 ecstasy pills. Police also arrested 2 alleged accomplices who were driving the car and pickup truck.

Police have been cracking down on illicit drugs after 10 people died reportedly after taking the narcotic drug cocktail while others were hospitalised. From January 13 to 18, police arrested 592 people in the drug crackdown. In a series of busts, police say they seized a total of 8,644,825 baht worth of drugs including methamphetamine pills, crystal methamphetamine, cannabis, ketamine, kratom leaves, kratom drink and ecstasy pills.

SOURCE: Bangkok Post

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