fraud
- Business News
Stark Corporation scandal costs 14.7 billion baht
Shareholders and stock investors of Stark Corporation are reeling from an accounting and embezzlement scandal that has incurred damages estimated at a staggering 14.7 billion baht. This debacle has impacted 4,704 shareholders and led to the prosecution of the former chairman and several top executives in what is deemed one of Thailand’s largest corporate frauds in recent years. Adding to…
- Thailand News
Thai Finance Ministry pledges market confidence amid scandal
Thailand’s Finance Ministry vows to restore confidence in the Thai capital market following allegations of fraud involving former executives of Energy Absolute (EA), a company listed on the Stock Exchange of Thailand (SET). Finance Permanent Secretary Lavaron Sangsnit expressed optimism that actions by the Securities and Exchange Commission (SEC), in collaboration with the Department of Special Investigation (DSI) and the…
- Thailand News
Thai police bust syndicate exploiting workers for mule accounts
Police apprehended two individuals connected to a syndicate that exploited foreign workers to establish mule bank accounts, later sold to scammers, facilitating more than 3 billion baht in fraudulent transactions. The syndicate legally brought foreign workers into Thailand, deceiving them into opening accounts at various banks. These accounts were then sold to scammers, including operators of gambling websites. The Cyber…
- Thailand News
Thai man arrested for Facebook phone scam in central Thailand
Police apprehended a young man at a railway station for allegedly selling mobile phones through a Facebook page, claiming his ex-girlfriend misused his bank account to deceive victims into transferring money without delivering the goods. The suspect, a 21 year old man named Denondai, was arrested by police at Nakhon Pathom Railway Station. The arrest was carried out by Pakapol…
- Thailand News
Tourism Ministry reinstates guarantee for outbound tour operators
Thai travellers faced significant setbacks after some licenced outbound tour operators left them stranded despite purchasing premium packages. In response, the Tourism and Sports Ministry is now seeking enhanced consumer protection measures. The Tourism Department, under the ministry’s supervision, plans to reinstate the guarantee amount for licenced outbound tour companies to 200,000 baht next year. This comes after a pandemic-era…
- Thailand News
Company executive arrested for 8 million baht tour fraud
Police apprehended a company executive accused of fraudulently selling non-existent tours, leaving customers stranded and causing an estimated 8 million baht in damages. Despite the allegations, the executive denies the tour fraud charges but admits to receiving a monthly salary of 100,000 baht. Today, July 9, the Commander of the Consumer Protection Police Division (CPPD), Police Major General Witthaya Sriprasertphap,…
- Crime News
Bangkok police arrest woman for 5 million baht fraud scheme
Police in Bangkok have apprehended, a 44 year old woman, a key figure in a large-scale fraud case. She is accused of luring victims into a high-interest investment scheme, resulting in losses exceeding 5 million baht. Pimpapatsorn, a prominent recruiter in the scheme, enticed numerous individuals with promises of high returns and special perks, including international travel. Victims were threatened…
- Thailand News
Election scandal shocker: Senate results halted amid fraud claims
The Election Commission (EC) delayed endorsing the 200 senatorial election winners due to a flurry of electoral fraud complaints, as announced by the chief commissioner. The eagerly awaited results, originally set to be revealed today, July 3, have now been postponed indefinitely, leaving the nation in suspense. EC Chairman Ittiporn Boonprakong stated that the process is not yet complete, offering…
- Thailand News
Dealership owner arrested for selling cars with outstanding finance
A car dealership owner in Prawet has been arrested for selling second-hand cars with outstanding finance which lacked registration books, causing damages worth 15 to 20 million baht. Over 40 victims reported the scam to the Prawet Police Station. Today, July 2, Police Lieutenant General Thiti Saengsawang, along with other senior officers, ordered the arrest of the dealership owner, 32…
- Politics News
EC clarifies Senate candidacy rules amid fraud allegations
The Election Commission (EC) has clarified that registering in incorrect professional groups is not necessarily an offence unless there is an intent to deceive officials and the public during the Senate election. This statement was made by EC Secretary-General Sawaeng Boonmee on Facebook yesterday. The EC has faced significant scrutiny following the conclusion of the national Senate contest in Bangkok…
- Thailand News
Watch out: Bangkok cops nab 2.4 million baht luxury watch scammer
Police in Bangkok have arrested a suspect involved in a 2.4 million baht luxury watch scam, where the perpetrator tricked a delivery service into handing over a high-end timepiece after the customer had already made the purchase. The arrest took place yesterday, bringing to light the details of the elaborate con. Police from the Metropolitan Investigation Unit and Huamark Investigation…
- Thailand News
Senate election fraud claims spark call for investigation
Election manipulation allegations have surfaced in the recent Senate race, with claims that some candidates were favoured through collusion. Senator-elect Nanthana Nanthawarophas, representing a media professional group, stated that over 100 losing candidates intend to file a complaint with the Election Commission (EC), urging an investigation into suspected vote rigging. Nanthana highlighted that the top seven candidates with the highest…
- Thailand News
Brothers arrested for Facebook scam soliciting hospital donations
Police arrested two brothers for a Facebook scam operation, with fake profiles of local celebrities to fraudulently solicit donations, claiming that an 8,999 baht donation was essential for the purchase of hospital equipment. At a press conference held yesterday at the Provincial Police Region Office in Udon Thani, Senior Police Officer Chakat Tiamwong, alongside other high-ranking officers, announced the arrest…
- Thailand News
Contractor arrested in Rayong for series of theft and fraud
Following a warrant by the Rayong Provincial Court earlier this month, Bangkok police arrested a contractor in Ramkhamhaeng yesterday for a series of thefts and fraud extending to government contracts. Investigations revealed that the 50 year old construction company owner, Thanik, who had been operating in Rayong since 2018, reportedly had a history of abandoning projects. In 2019, he allegedly…
- Thailand News
Fruitful apology: Durian shop to sue after false TikTok fraud claim apology
A customer issued an apology after accusing a durian shop of fraud in a viral TikTok post, which later turned out to be a misunderstanding. The shop owner accepted the apology but insisted on pursuing legal action due to the damage caused to the shop’s reputation. A TikTok user posted a video clip with a damaging message. “As consumers, we…
- Thailand News
Woman arrested for 2.8 million baht fraud and nude clip scheme
The Royal Thai Police (RTP) arrested a woman for her alleged involvement in a nude clip scheme and a 2.8 million baht investment scam impersonating a well-known platform where she reportedly coerced victims into sending nude clips in exchange for withdrawing their investment money. Police Major General Teeradech Thammasuthee, today, alongside an investigative team, apprehended 29 year old Arisa under…
- Thailand News
Thai man weaves crooked web to swindle 25 million baht from wife
A Thai woman is seeking justice after her ex-husband swindled about 25 million baht from her and her family and tricked her into signing divorce papers so he could marry another woman. The victim, Fah, sought help from a well-known Thai lawyer, Nitithorn “James” Kaewto, after she and her family lost a significant amount of money to her ex-husband. Fah…
- Thailand News
Thai mobile banking sim names & accounts must match or else
Starting tomorrow, individuals using mobile banking in Thailand must ensure that the name registered on their mobile SIM card matches the name on their bank account. Failure to comply will result in the suspension of their mobile banking services. Thailand’s Ministry of Digital Economy and Society announced a new measure aimed at curbing fraudulent bank accounts and SIM cards, commonly…
- Thailand News
Pattaya mayor warns residents of impersonation scam
Mayor Poramet Ngampichet issued a stern warning to Pattaya residents after uncovering a shocking scam: his social media accounts on Facebook, TikTok, and LINE have been maliciously impersonated. The fraudulent accounts, brazenly using his name and photos, have deceived the public into believing they were engaging with the real mayor. Pattaya City isn’t taking this lightly. Legal action is already…
- Thailand News
Fake wedding organiser scammer arrested, losses hit 165,400 baht
Cyber police in Hua Hin arrested a woman at an apartment today for allegedly organising fake weddings. Wanted on three different arrest warrants for her fraudulent activities, and her scams caused damages of over 150,000 baht in total. Authorities led by The Commander of the Cyber Crime Investigation Bureau, Vorawat Watnakornbancha ordered the Chief of the Cyber Crime Investigation Division…
- Thailand News
Chinese woman’s 14-year sister act scam nets 2 million baht pension
An astonishing case of identity fraud came to light when a Chinese woman in the city of Wuhan, China, impersonated her dead sister for 14 years, including through her retirement to claim a pension of 2 million baht. The deception came to an end when the authorities uncovered the ruse and sentenced her to imprisonment. The woman surnamed Zan, managed…
- Business News
Deepfake dilemma: AI scam rise, posing as kin for data snatch
Artificial intelligence (AI) deepfakes, used for identity theft and impersonating identities of the victim’s relatives are now being used for personal data collection, in a rising trend of scams in Thailand. Titinun Suttinaraphan, the Regional Marketing Director of Southeast Asia for Gogolook, developer of the Whoscall app, states that the total number of Thai were victims of 217,047 scams per…
- Business News
Thailand’s daily online fraud falls to 110 million baht in April
Online fraud damage in April was reported at 110 million baht daily, indicating a 26% decrease from the 149 million baht experienced daily in March. This significant reduction is a result of the intensified crackdown on online fraud by authorities. On the first of April, Prime Minister Srettha Thavisin delegated several organisations to yield tangible results from their efforts to…
- Business News
Thailand ranked in top three for financial fraud scams, says Google
Google’s 2023 Bad Apps Report ranked Thailand among the top three countries in the Asia-Pacific region with a significant spike in financial fraud scams last year. Aman Dayal, Asia-Pacific head of trust & safety operations for Google Play, stated during an online media briefing that Singapore, Thailand, and India were particularly affected. With over 90% of smartphone penetration rates, the…
- Thailand News
Krabi smoothie shop owner accused of investment fraud
Approximately 10 victims have reported a local smoothie shop owner in Krabi for investment fraud involving over 3 million baht. The suspect, using her acquaintance with a well-known lawyer as leverage, challenged the victims to take legal action against her. Police are now gathering evidence to pursue the suspect legally. A group of around 10 individuals filed complaints yesterday at…
- Business News
Crypto crackdown: Regulatory bodies unite to reel in P2P fraud
Regulatory bodies are rallying together to develop stringent rules to monitor the buying and selling of cryptocurrencies via peer-to-peer (P2P) transactions. These authorities have observed that fraudsters, seeking to cover their tracks after illicit activities, tend to use cryptocurrencies purchased P2P. The Securities and Exchange Commission (SEC) is being urged to revise or create regulations related to digital assets, to…
- Pattaya News
Thai police arrest foreigners for fraud in Bangkok and Pattaya
The Thai Immigration Police Bureau (IBP) successfully apprehended two foreign nationals, originating from South Korea and Taiwan, in Pattaya and Bangkok. Both individuals were being actively pursued by their respective countries for allegations of fraud. The first individual apprehended, known under the alias of Oh, is a 51 year old hailing from South Korea. He was found in a condominium…
- Thailand News
Thailand police arrest woman tied to 50 million baht fraud case
Royal Thai Police swooped to arrest a 55 year old woman implicated in a public fraud case involving over 50 million baht in damages, in Songkhla, a southern province in Thailand. Tawanna Tarawasant is implicated in a public fraud case involving over 50 million baht in damages. The arrest took place in the district of Rattaphum, specifically in the Khuan…
- Thailand News
Fugitive woman arrested for fraud and embezzlement in Sing Buri
Police apprehended a 51 year old woman for her involvement in a multifaceted criminal enterprise that included document forgery, job application fraud, and a significant embezzlement scandal. These events followed her flight after being caught using fake documents, leading her to con people by selling products online without delivery, ultimately exposing her full participation in an 18 crown scheme—a term…
- Thailand News
DSI grills teacher candidates over Khon Kaen exam scam
The Department of Special Investigation (DSI) has initiated an extensive interrogation of candidates for assistant teacher positions at the Primary Educational Service Area Office 2 in Khon Kaen, following allegations of widespread exam fraud. Investigators have discovered that exam materials were being sold for 600,000 baht each. The probe, which took place today at the Learning Promotion Office in Ban…
