Philippine couple busted in Thailand over investment scam
Thai Immigration Police arrested a Philippine couple wanted for a large-scale investment fraud that has seen over 150 arrest warrants issued against them.
The couple, identified as 46 year old Cerrone and 47 year old Marve, were apprehended in Cha-am, Phetchaburi, following a request for cooperation from the Philippine Embassy in Thailand.
Both suspects were subjects of an Interpol Red Notice for their involvement in a fraudulent investment scheme that caused significant financial damage to numerous victims in the Philippines.
The Thai Immigration Bureau swiftly revoked their temporary stay and listed them as prohibited persons, making their arrest a priority.
Following an investigation, police tracked down the couple to a rented house in Phetchaburi, where they were taken into custody.
Upon questioning, the suspects reportedly admitted to running an investment company in the Philippines that eventually suffered heavy losses, prompting them to flee the country and seek refuge in Thailand.
Cerrone and Marve are now awaiting further legal proceedings, with both Thai and Philippine officials working together to ensure justice is served, reported The Pattaya News.
In similar news, a Kazakh businessman has filed a complaint with the Phuket Governor after being tricked into investing in a real estate project by a Ukrainian and a Thai man. The victim claims he has not received any profits from his investment.
The businessman initially reported the scam to Choeng Thale Police Station and later met with Phuket Governor Sophon Suwannarat on January 7 to seek assistance.
He explained that he frequently visited Phuket until he met a Ukrainian real estate agent who offered him a condominium in the Choeng Thale area. The agent then invited the Kazakh man to invest in a new project, alongside himself and his Thai partner.
The project required a 300 million baht investment. It started in 2019, before the pandemic, with the first phase – a condominium – already completed. The second phase, a hotel, is still under construction.
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