Connect with us


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

Tanutam Thawan



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

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….







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



Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


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.



  1. Avatar


    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!

  2. Avatar


    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.

  3. Avatar

    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.

    • Avatar


      Wednesday, February 10, 2021 at 12:05 am

      ok mister 555. so stupid.

    • Avatar


      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.

  4. Avatar

    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!!!

    • Avatar


      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…

  5. Avatar

    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…

  6. Avatar


    Tuesday, February 9, 2021 at 10:22 pm

    Looks like China has already started ripping off Thailand early

  7. Avatar


    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

  8. Avatar

    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.

    • Avatar


      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

  9. Avatar


    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.

  10. Avatar


    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.

    • Avatar

      James Pate

      Wednesday, February 10, 2021 at 4:20 pm

      And the difference is?

  11. Avatar


    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.

  12. Avatar


    Wednesday, February 10, 2021 at 12:09 pm

    ponzi ponzi ponzi po

  13. Avatar


    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?

    • Avatar

      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…

    • Avatar


      Friday, February 12, 2021 at 8:02 am

      So you’re not a victim but a culprit!!!!

  14. Avatar


    Wednesday, February 10, 2021 at 11:08 pm

    Suckers .

  15. Avatar

    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” ?

    • Avatar


      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

Leave a Reply

Your email address will not be published. Required fields are marked *

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Follow Thaiger by email:

Koh Samui2 hours ago

Black Club Covid-19 outbreak on Koh Samui widens

Thailand3 hours ago

Possible earthquake in Nonthaburi this morning

Best of3 hours ago

Chiang Mai’s 8 most indulgent spa hotels

Sponsored6 hours ago

Experience Phuket’s Islands with 5 Star Marine

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Coronavirus (Covid-19)4 hours ago

Bangkok Bang Sue scam under investigation, 7 volunteers and counting to be questioned

Thailand4 hours ago

Thailand News Today | ‘Crowding’ due to camera angles, train hospitals | July 29

Thailand5 hours ago

Spray guns ineffective and dangerous, says TFDA

Join the conversation on the Thaiger Talk forums today!
Drugs5 hours ago

Methamphetamine pills hidden in instant noodle packets delivered for Covid patient

Coronavirus (Covid-19)5 hours ago

Anonymous “Dr Sandy” says pray the Covid situation gets better

Coronavirus (Covid-19)6 hours ago

Thursday Covid Update: Record high of 17,669 new cases; provincial totals

Phuket7 hours ago

Phuket governor eyes construction camps for stricter Covid measures

Best of8 hours ago

Top 5 spas in Chiang Mai

Coronavirus (Covid-19)8 hours ago

Health Minister says Bang Sue not crowded, blames “camera angles”

Cambodia9 hours ago

Cambodia plans lockdown with 8 provinces that border Thailand

Bangkok9 hours ago

Sleeper trains in Bangkok to become isolation facilities for Covid-19 patients

Thailand10 hours ago

GMT | New record infections, Pattaya ‘Move On’, drones or fireworks? | July 29

Thailand5 months ago

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

Tourism5 months ago

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

Phuket5 months ago

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

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

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

Tourism5 months ago

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

Thailand6 months ago

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

Thailand6 months ago

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

Thailand6 months ago

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

Thailand7 months ago

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

Thailand7 months ago

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

Thailand7 months ago

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

Thailand7 months ago

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

Thailand7 months ago

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

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8