ponzi scheme
- Thailand News
160 million baht luxury cars, watches seized from iCon Group TV host
Police confiscated the assets of 18 leading members of the iCon Group following fraud accusations, with over 160 million baht worth of seized assets belonging to TV host Kan Kantathavorn, including luxury cars and watches. Following the investigation into the alleged fraud and Ponzi scheme involving the iCon Group, much attention is focused on the well-known television host Kan, who…
- Thailand News
iCon-venient truth: Cops swoop to arrest 18 in fraud bust scandal
Officers from the Central Investigation Bureau (CIB) dramatically swooped to arrest 18 key members of iCon Group, including its CEO, three well-known celebrities, and other key suspects over allegations of fraud. Shocking revelations from multiple victims and former members have exposed iCon Group Group’s dodgy business model, which appears to mirror a Ponzi scheme. Many investors lost their life savings,…
- Thailand News
125 million baht in assets temporarily seized in iCon Group scandal
The Anti-Money Laundering Office (AMLO) temporarily seized 125 million baht in assets from the iCon Group CEO and three key members of the executive board for up to 90 days during an investigation into its alleged Ponzi scheme. The AMLO issued an official statement yesterday, October 15, announcing that the assets of the four main leaders of the iCon Group…
- Thailand News
iCon Group leaves 635 investors short-changed in 232 million baht bust
In the wake of the iCon Group’s alleged Ponzi scheme scandal, 635 people filed complaints against the company, reporting losses exceeding 232 million baht. Investigations are currently underway into the involvement of a policeman, a politician, and a fraudulent doctor linked to the organisation. The iCon Group, a beauty and supplementary products company, has become a hot topic in Thailand…
- Thailand News
Ponzi scheme leaders jailed for five years in Thailand
A court has sentenced several people involved in the Nice Day Travel Ponzi scheme to five years in prison each for money laundering related to a fraudulent juice wholesale and tourist accommodation business, involving over 157.8 million baht. The Department of Special Investigation (DSI) initiated an investigation into the case, designated as Special Case 38/2560, following allegations against Nice Day…
- Thailand News
Chinese woman arrested for 150 million baht Ponzi scheme
A Chinese woman involved in a Ponzi scheme that caused over 150 million baht in damages to victims has been arrested at a condominium in Pattaya, Chon Buri province. According to Deputy Chief of the Immigration Bureau (IB), Police Major General Panthana Nuchanart, the 24 year old scammer, identified only as Hu, was apprehended by immigration police at a condominium…
- Thailand News
Thai celeb Baitoey granted bail in Forex-3D Ponzi scheme case for 5 million baht
Renowned singer and actress Suteewan Thaweesin, better known as Baitoey, burst into tears as the court granted her bail in the aftermath of the Forex-3D Ponzi scheme scandal. She was instructed to wear an electronic monitoring bracelet, report to court as scheduled, and is prohibited from leaving the country. The bail was set following the submission of a 5 million…
- Crime News
Thai fraudster nabbed for cloud storage scam targeting 3,000 victims
A 69 year old Thai woman, known as Pattana, was arrested at a religious facility in Nakhon Ratchasima province for her alleged involvement in a Ponzi scheme at a company that deceived over 3,000 victims, causing nearly 1.3 billion baht in damages. Pattana’s son reportedly used her name in a fraudulent company that offered high returns from cloud storage investments.…
