Arrest warrants issued for 16 more suspects in alleged Ponzi scheme

By Jessada Chantharak 
The Nation

 

 

Arrest warrants have been issued for 16 more suspects in an alleged Ponzi scheme connected to an illegal company that was raided by police last month.

 

Deputy Tourist Police chief Maj-General Surachate Hakpan told a press conference on Monday that arrest warrants were issued for the 16 suspects on August 10. Ten of the suspects were arrested, two surrendered and four fled to other countries, he said. 

 

OD Capital, the company allegedly involved, was not registered with Thai authorities. It was operating as a holding company that reportedly invested in other businesses in Britain and Malaysia, Surachate said. 

 

Many people have stepped forward to claim they had lost millions of baht in the alleged pyramid scheme, resulting in the police investigation in early July, Surachate said.

 

This led to the arrest warrants for 32 suspects, 29 of whom were arrested while three fled to other countries.

 

Surachate said police were interrogating the suspects in custody and would contact the Anti-Money Laundering Office to probe money transactions, confiscate any ill-gotten assets and file an additional money-laundering charge. 

 

One of damaged persons, former DJ Nawaporn Taothong, said she had initially invested Bt200,000 in the OD Capital scheme in 2016 after an invitation from her ex-boyfriend Saharat Werot, 34, who was one of the first-batch of suspects. 

 

She had been promised a high return and then was told that the system had a problem and was unable to return her money. She filed a police complaint after she found that the suspect had approached other women in the same manner to invest in the scheme.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30352051

 

-- © Copyright The Nation 2018-8-13

i don't trust anyone except the taxi drivers .

13 hours ago, mok199 said:

i don't trust anyone except the taxi drivers .

Absolutely, forget Ponzi, invest in a Taxi.

 

21 minutes ago, bluesofa said:

Absolutely, forget Ponzi, invest in a Taxi.

 

Even better, get a job as a policeman, guaranteed to be better than any taxi , ponzi scheme.

A long table will form the posse and lay in wait for the impending photo op? 

No sympathy for those not doing even a basic background check of these “businesses”. GREED! Let them learn their lesson the hard way and let us not waste public resources. 

Why do seemingly intelligent people with money continually think that investment opportunities with ridiculously high rates of return continue to exist in spite of weekly reports that they are all Ponzi schemes?

 

I think it must just be greed!

How are they to be informed about Ponzi schemes?

Few Thais read newspapers. According to an ex, few view the news on TV.

The only way would be to produce a lakorn (soap opera) about a ponzi scam. Then they would know to be wary of any high interest offers by men wearing a moustache.

Edited August 14, 20187 yr by Lemonltr

Have a look at the faces on those guys, they look like they really don't give a sh it and would rather be somewhere else

Big joke is the only one who looks remotely interested and that's only cause he has the mic in front of him

...time and again...diffuse the focus...

 

...they had all the details...paper trail...etc....of the masterminds....

 

...now this....

 

...predictable....???

 

....example....never heard a peep about Dhammakaya since the 'truth broke'....way back when...have we...???

 

There's a sucker born every minute.