Sattahip police raid gold-trading on fraud charges

[Rimmer]

Sattahip police raid gold-trading on fraud charges

 

SATTAHIP:--Sattahip police raided an unsecured gold-trading firm that closed in December, defrauding its customers of 800 million baht.

 

Police chief Pol. Col. Panya Dumlek and district officials stormed the Sattahip Market head office of Ausiris Sattahip Gold and Futures Co. Jan. 15, confiscating computer hard drives, receipts, financial documents, customer lists and two one-ton safes that could not immediately be opened.

 

The evidence was packed up and sent to the Central Police Forensic Science Division.

 

Panya said Ausiris had been operating for a decade with four branches that offered gold for sale at below-market rates with the firm holding the precious metal as investment. When the selling price rose, investors could choose to sell.

 

Read more: https://www.pattayamail.com/news/sattahip-police-raid-gold-trading-on-fraud-charges-284830

-- PATTAYA MAIL 2020-01-24—

[ezzra]

They'll find out that the company name is under several nominees including the maids and, drivers and some obscure unknown who were duped to become shareholders for few baht, and that all the trading was done under those names,  a classic ponzi job.. the money is gone for sure...

[worgeordie]

47 minutes ago, Rimmer said:

Sattahip police raided an unsecured gold-trading firm that closed in December, defrauding its customers of 800 million baht.

So they swooped at the end of January, must be the Thai "Flying Squad, they were lucky

anything left to find.

regards Worgeordie

[Scott Tracy]

Closed in December, raided in January.

Name on the windows, computers....It wasn't closed then.

[mikebell]

I bet they manage to open the safes easily in the privacy of the police station.

[Grumpy John]

3 minutes ago, mikebell said:

I bet they manage to open the safes easily in the privacy of the police station.

D@mn safes where empty, so why did the police bother?   55555