Lopburi fraud: Thai philanthropist scams locals for millions

Residents of Lopburi province have reported a well-known local entrepreneur for allegedly defrauding them of millions of baht under the guise of a charitable investor. The victims claim they were lured into investing and purchasing shares in the perpetrator’s ventures, but were left with unpaid debts and empty promises.

Today, knowing the businessman by his work in the community and the photos he shared with high-ranking military officials, multiple victims sought legal action. The accused had framed himself as a philanthropist, volunteering and donating food, money, and other necessities to the public. Victims were enticed and convinced that the perpetrator was trustworthy, hence they invested and lent money to him.

When they began to demand repayment, the victims were met with refusals and threats, including declarations of his connections to powerful policemen. In response to the Lopburi fraud, the affected individuals filed a formal complaint with authorities, emphasising their desire to seek criminal charges instead of financial reimbursement, expressing concern that the accused would continue to deceive others.

Police Lieutenant Colonel Raksak Meachinda of Lopburi’s Mueang district police revealed that a task force had been established to handle the case, reported Khaosod. They encouraged affected individuals to gather as much evidence as possible, particularly transaction statements documenting the transfer of funds to the businessman. Additionally, victims have formed a LINE group for sharing information and assisting the police in their investigation, allowing them to work quickly and efficiently towards a resolution.

Police Lieutenant Colonel Raksak Meachinda stated that his team would investigate the financial transactions involving the accused to determine the exact course of action and keep relevant individuals informed.

Recently, a swindler was apprehended for her alleged role in an elaborate investment scam that deceived numerous individuals, leading to significant financial losses of millions of baht. Read more HERE.