Thai police seeking 3 people allegedly involved in B300m cryptocurrency scam

[snoop1130]

 

Police from the Technology Crime Suppression Division (TCSD) are looking for three partners in P Miner Cryptocurrency Ltd. They are wanted on fraud charges for allegedly cheating investors out of over 300 million baht.

 

TCSD police have raided the house of one of the partners, identified only as Kittikorn, in the Mae Taeng district of Chiang Mai, and seized numerous valuable items, including six luxurious cars, six motorcycles, two pickup trucks and about 50 pieces of equipment used in the trading of digital assets.

 

The seized assets are estimated to have cost about 100 million baht.

 

Full Story: https://www.thaipbsworld.com/thai-police-seeking-3-people-allegedly-involved-in-b300m-cryptocurrency-scam/

 

-- © Copyright Thai PBS 2022-09-02

 

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[proton]

Crypto a scam surely not ????

[jabis]

Quote

Kittikorn, his wife and his brother set up a limited partnership three years ago to operate a cryptocurrency exchange, with a start-up investment of 500,000 baht.

According to the police, the three suspects have already left the country and police are trying to locate their whereabouts.

Source: the article...

The article also had a few pics of some mining rigs, but I'd doubt did not get even close to "start up investment" worth - suppose the alleged swindlers realized they could get a tonne of money ponzi'ing instead of actually investing in the infrastructure (buying the rigs, handling electricity bills etc), and now like Red Bull heir are in the wind with the rest of the dosh.

[JeffersLos]

Police colonel or sergeant?

[Chris.B]

Yep, they have come to the right place!  

 

[ChaiyaTH]

2 hours ago, proton said:

Crypto a scam surely not ????

Printed money is a scam, surely not. 

Gold is a scam too, because there were criminals who stole a lot of gold, surely not.

[mikebell]

10 hours ago, snoop1130 said:

The seized assets are estimated to have cost about 100 million baht.

Nice little windfall for RTP for doing not very much.

[nobodysfriend]

Crypto may be ( was ) highly profitable , but is very risky , too .

Not only because of the wild fluctuations , but because of the risk of becoming a victim to fraud .