Investment Fraud
- Phuket News
Poker-faced fraudster nabbed in million-baht investment scam
In a dramatic turn of events, a key figure in a jaw-dropping multi-million baht investment scam has been collared by the law in Phuket. Nattapol, the slippery suspect, was rounded up by officers from the Central Investigation Bureau (CIB) working in tandem with the Highway Police, after slipping through the net on four separate arrest warrants for his alleged role…
- Thailand News
Thai woman missing after iCon Group fraud loss and husband row
A Thai man expressed concern for his wife’s safety after she went missing following the financial stress linked to an investment loss with the iCon Group and a dispute with the husband. The 36 year old man, Sila, shared a video of his six year old daughter crying for her missing mother on social media before appealing to Channel 8 for…
- Thailand News
Thailand law change to combat pyramid schemes after iCon scandal
Thailand is moving swiftly to draft amendments aimed at closing loopholes in various laws to better combat pyramid-like schemes as announced by Deputy Finance Minister Julapun Amornvivat today, October 22. The initiative comes in response to the extensive damage caused by The iCon Group’s direct sales scandal. Prime Minister Paetongtarn Shinawatra tasked multiple agencies, including the Justice Ministry and Finance…
- Thailand News
Temple abbot found dead after 650,000 baht fraud in Ayutthaya
A tragic case has emerged involving the abbot of a temple in Sena district, Ayutthaya province, who was found dead in his quarters. A handwritten note left by the 68 year old abbot revealed deep distress over financial betrayal. Police in Ayutthaya issued a summons for a man who allegedly deceived the abbot into lending him 650,000 baht. If found guilty,…
- Thailand News
Thai cyber police bust fraud gang posing as Citibank
Thai cyber police dismantled a fraud network posing as a well-known bank, luring victims with promises of high returns on minimal investments. A victim lost over 1.1 million baht after being deceived by the scam. A stranger contacted the victim via the LINE messaging app yesterday, sending a link that led to an advertisement claiming to be from Citibank. The…
- Thailand News
Car workshop owner accused of 10 million baht investment fraud
A renowned car workshop owner has been accused of defrauding investors of over 10 million baht by luring them into various investment schemes. The victims claim the owner led a luxurious lifestyle while they faced significant financial losses. At 10.30am today, July 4, a group of 15 victims, accompanied by lawyer Natthakorn Sutchaa, met with the Deputy Investigation Inspector at…
- Retire in Thailand
Scams that can ruin your retirement plan in Thailand
The process of retirement planning, particularly when considering a unique location such as Thailand, demands a careful and knowledgeable strategy. In manoeuvring through this complex procedure, it is crucial to remain aware of potential hindrances that could adversely affect the peace of your retirement years. Ranging from understanding the intricacies regarding taxation on lump-sum retirement funds to discerning potential misinformation…
