Prasit Jeawkok, the ‘saintly tycoon’ turned billion-baht fraud suspect

[webfact]

Prasit Jeawkok handed himself into the Crime Suppression Division on May 17, 2021.

 

A wealthy businessman once viewed by many as a saint and a model of success now stand accused of leading a fraudulent Bt1-billion investment ring.

 

Prasit Jeawkok, 45, handed himself into the Crime Suppression Division on Monday (May 17), saying he was the victim of persecution and that allegations against him were politically motivated.

 

He insisted that his operation was crowdfunding rather than a pyramid scheme while blaming COVID-19 for his difficulties and unnamed employees for alleged embezzlement.

 

Source: https://www.thaipbsworld.com/prasit-jeawkok-the-saintly-tycoon-turned-billion-baht-fraud-suspect/

 

-- © Copyright Thai PBS 2021-05-21

 

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[movsrus]

When Ponzi schemes blow up it's always a mess for the 'investors.'

[orchis]

"Yuenyong “Add” Opakul, frontman of the legendary Carabao band, even wrote a 2019 song called “Prasit the Giver” in praise of his good deeds and charity work." ????????????

[greenmonkey]

I guess its a lot easier to be generous with other people's money!

[hotchilli]

4 hours ago, webfact said:

He insisted that his operation was crowdfunding rather than a pyramid scheme while blaming COVID-19 for his difficulties and unnamed employees for alleged embezzlement.

 

[Proboscis]

Don't people get it? There are tall tycoons, short ones too. Mean tycoons, there are a few of those too. But there are none now, nor have there ever been ever, saintly tycoons.

[Caldera]

There are few saints walking among us, and even fewer rich saints. Sainthood 101.

[Misterwhisper]

9 hours ago, webfact said:

his operation was crowdfunding rather than a pyramid scheme

I bet this excuse is going to become known among law circles worldwide as "The Bangkok Defense" in the future.

 

And just in case you weren't aware of it yet: "Saint" and "model of [business] success" don't mix.

[katana]

Behind every great fortune there is a crime.
- Balzac

Edited May 21, 2021 by katana

[realfunster]

Nothing for him to worry about, he is openly sporting the requisite 'hands-off' regalia of a certain colour...

[mtls2005]

9 minutes ago, realfunster said:

Nothing for him to worry about, he is openly sporting the requisite 'hands-off' regalia of a certain colour...

 

As long as he tithed the requisite amount upwards he'll be OK. 

[Mr Meeseeks]

Every one of them a thief and liar.

 

Nice tie tho'.