Crime

Huge pyramid scheme and scam uncovered involving 1000s of people | VIDEO

Published

Tuesday, February 9, 2021 15:19

Tens of thousands of people across Thailand woke up over the past 24 hours that they have been victims of a dodgy online money-making app concocted by the “SPM Shopping Mall” through the website www.shopping.baironghj.com

This is roughly how it works…

Victims would transfer money to to a Thai account… all online. The app promised returns of up to a 3-fold profit within 10 days up to 2 weeks.

They would be asked to rate items in the online shopping mall by ‘clicking’ on the item as a positive rating. They would be rewarded for their efforts, based on the number of clicks and the money they invested. The more money they invested, the more opportunities they had to click items. So, of course, after getting some early small payouts from the app, people gleefully invested more… and more.

It is currently thought that many hundreds of million baht is involved in the elaborate pyramid scheme.

So who’s behind all this?

Here’s a list of the domains that were registered for this grand scam….

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

All of them were registered in different cities in China and Hong Kong between March 2020 and Dec 2020 by Mr. Xiao Dong Gan (e-mail email@yeah.net)

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23 Comments

Stuart

Tuesday, February 9, 2021 at 3:33 pm

Let’s see, a three fold profit in up to two weeks. So an ROI of 7800%. Per annum. What a shock it turned out to be a scam!

Reply
Craig

Tuesday, February 9, 2021 at 3:40 pm

Up 3 fold profit in 10 days didn’t raise any red flags??? There will always be some trying to get rich quick, unfortunately.

Reply
Tony Grace

Tuesday, February 9, 2021 at 6:33 pm

Why don’t these people ever learn .3 times return in 1 week on a face book advert 555 please believe me when someone says this they are a mad esinterick Billonair who wants to throw his money away or a Scammer enterprise who is go to run off with your money. The latter been the most likely if is so good why are they telling you about it when any major investment legitimate company or banking institution would bite there hands off for there expertees. The fact is scammers don’t make you money they take your money.

Reply
- Bill
  
  Wednesday, February 10, 2021 at 12:05 am
  
  ok mister 555. so stupid.
  
  Reply
- wringlingbros
  
  Wednesday, February 10, 2021 at 10:22 pm
  
  The truth is, westerners have been exposed to these scams over the past few centuries and naturally have a better eye to see them coming. The east doesnt, and with all this instant digital currency people can pass bahts around like it’s nothing this is inevitable.. Over time they will learn.
  
  But the famous words from late P. T. Barnum says ” a sucker is born every minute” still rings true.
  
  Reply
James Pate

Tuesday, February 9, 2021 at 6:44 pm

Pity that Mr. Ponzi was born 100 years before his time. Imagine what he could have done with the internet!!!

Reply
- Anna
  
  Wednesday, February 10, 2021 at 8:04 am
  
  Mr. Ponzi was a good man, he donated, almost half body of skin to person whom he never knew and was hospitalised for 3 weeks for this. Later he became, what ever he famous for…
  
  Reply
Jilted John

Tuesday, February 9, 2021 at 7:44 pm

I would of loved to be a fly on the wall to hear what was said when Mr Farang entered his local Thai Police station complaining that he suspects he’s been robbed…

Reply
Steve

Tuesday, February 9, 2021 at 10:22 pm

Looks like China has already started ripping off Thailand early

Reply
Ian

Wednesday, February 10, 2021 at 12:27 am

China already got Thailand now just scamming the people we need a modern day robin hood in thailand

Reply
James R

Wednesday, February 10, 2021 at 2:10 am

Yet another funny scam story, people never learn.

I get spam emails everyday, I wonder why they bother to waste times sending them as no one will fall for the stupid obvious scams but I can see I am wrong, dim people fall for them.

Reply
- Ian
  
  Wednesday, February 10, 2021 at 6:42 am
  
  the average IQ is only 100, plenty of stupid people out there if you are so inclined to abuse that fact
  
  Reply
Opinionated

Wednesday, February 10, 2021 at 8:39 am

I think people forget to mention what a Ponzi scheme ACTUALLY is… if you jump in on time, good you make some money 🙂 There are people that made tens of thousands of baht by being early on the train.. others just came too late and that’s the risk. Don’t cry.

Reply
Rasputin

Wednesday, February 10, 2021 at 9:43 am

It sounds more like a Ponzi scheme than a Pyramid scheme, there are plenty of them out there especially in Pattaya, who prey on naive farangs.

Reply
- James Pate
  
  Wednesday, February 10, 2021 at 4:20 pm
  
  And the difference is?
  
  Reply
Bluez

Wednesday, February 10, 2021 at 11:59 am

Well its not about how they rob people. its about how the security system is still weak across the globe,making nuclear,hitech weapons to kill each other,skyscrapers its all for the benifit of top class rich people even the scamers are all part of same catagory.
I havent seen any country busting these scamers even though their some data is visible to the government,it can be understood its all part of game may God protect us all.

Reply
chupapi

Wednesday, February 10, 2021 at 12:09 pm

ponzi ponzi ponzi po

Reply
Greg

Wednesday, February 10, 2021 at 3:35 pm

I invested 1000 USD in this. Got out with 3000 profit. I quest I’m a suspect?

Reply
- Jilted John
  
  Thursday, February 11, 2021 at 8:22 pm
  
  A gambler will only disclose his winnings and will rarely admit his losses.
  
  The reality is you’ll hardly ever see a scammer or bookmaker on songtaew or a baht bus…
  
  Reply
- Bebert
  
  Friday, February 12, 2021 at 8:02 am
  
  So you’re not a victim but a culprit!!!!
  
  Reply
Mark

Wednesday, February 10, 2021 at 11:08 pm

Suckers .

Reply
Social Observer

Friday, February 12, 2021 at 6:28 pm

“… people across Thailand woke up over the past 24 hours that they have been victims of a dodgy [scam] …”.
Could you elaborate on that Thaiger, how these people suddenly “woke up” by the thousands all at once over a period of 24 hours ?
Did the police inform them it was a scam ? Did the websites suddenly shut down ? What happened to make them suddenly “wake up” ?

Reply
- lou
  
  Sunday, February 14, 2021 at 12:14 pm
  
  the web sites didnt respond in minutes, the contacts admins all disapeared in hours as well, other similar schemes through various names with same organizers kept working to suck you more for a couple of days, rumors saying site like Lzada, Pesco i…e where still paying back funds and clicks being rewarded
  
  Reply