Ponzi scheme busted by Anti-Fake News Center

 

Image: INN News

 

Thailand's Anti-Fake News Center announced yesterday that they had arrested a woman called Pakhamon, 37, who they claim is behind a Ponzi scheme that has defrauded hundreds of Thais. 

 

Through Line application under the name of "Ban Pakhamon Mang Khang Ram Ruay" the scheme enticed investors with interest rates of 8 to 30%.

 

As with all share schemes, dividends were paid to a few until it became of such a size that those at the bottom, the masses, could not be paid and were left without their investment.

 

INN said there are 400 victims and that there was 480 million in circulation in the scheme.

 

People were paid inducements of 100 and 200 baht to introduce others into the fold. 

 

Source: INN News

 

-- © Copyright Thai Visa News 2020-06-27

 

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And I didn't get any. 

3 hours ago, rooster59 said:

INN said there are 400 victims and that there was 480 million in circulation in the scheme.

Roughly one million baht per victim...

3 hours ago, rooster59 said:

People were paid inducements of 100 and 200 baht to introduce others into the fold.

...and they were induced by 200 baht?!!

Hardly fake news. By the sound of it, just con-artists advertising a dodgy product which turned out to be another scam. But it set me thinking. . . 

 

Like "hate speech", the pejorative "fake news" is becoming increasingly popular, and ever harder to define. 

 

Memes like these don't just pop out of the woodwork. They emanate from well-paid behavioral scientists paid to cleverly "nudge" us into conformity with whatever the official narrative happens to be.

 

Time to ditch them before they become . . .well, the "new normal".

Edited June 27, 20206 yr by Krataiboy

17 hours ago, rooster59 said:

Through Line application under the name of "Ban Pakhamon Mang Khang Ram Ruay" the scheme enticed investors with interest rates of 8 to 30%.

One born every second.