Luxury cars worth tens of millions of baht seized from Ponzi scheme boss in Chiang Mai

[webfact]

 

Technology Crime Suppression Division (TCSD) police in Thailand have seized luxury sports cars, Harley Davidson motorcycles and brand name products from the house of an executive of an illegal cryptocurrency trading firm in Chiang Mai.

 

The seizure of the assets from the house of Nitikorn Inta, the chief executive officer of P Miner Cryptocurrency Group, was the result of an investigation by TCSD police, after they had received complaints from multiple investors who believed they had been cheated by the company.

 

They claimed that the company had offered more than 30 investment projects, from which they could choose, all of which promised attractive returns. One project promised a return of 80,000 baht, payable as 8,000 baht for the first month and 13,000 baht, 15,000 baht, 20,000 baht and 24,000 baht for the next four months for an initial investment of 50,000 baht.

 

Full story: https://www.thaipbsworld.com/luxury-cars-worth-tens-of-millions-of-baht-seized-from-ponzi-scheme-boss-in-chiang-mai/

 

-- © Copyright Thai PBS 2022-09-07

 

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[Jerno]

If you are stupid and greedy enough to think 80K return on 50K investment was legitimate, you deserve to lose all your money.  Beyonds simply gullible.  One would think with such money to invest, some brains would accompany the Investors.  Guess not.....idiots.

[ronster]

Payday sale for the boys coming up ! 
Or will proceeds be used to compensate those who lost money ?

Edited September 7, 2022 by ronster

[ChrisY1]

Many Thai crooks tend to splash out on super expensive luxury.....not too smart really.

[tomazbodner]

5 hours ago, Jerno said:

If you are stupid and greedy enough to think 80K return on 50K investment was legitimate, you deserve to lose all your money.  Beyonds simply gullible.  One would think with such money to invest, some brains would accompany the Investors.  Guess not.....idiots.

total amount of invested by the victims of the scam was estimated at about 439 million baht over a short period of time.

 

Divide this by 50,000 and you'll see the number of "stupid and greedy" !diots that fell for it...

[Dave0206]

35 minutes ago, tomazbodner said:

total amount of invested by the victims of the scam was estimated at about 439 million baht over a short period of time.

 

Divide this by 50,000 and you'll see the number of "stupid and greedy" !diots that fell for it...

Now that ferrari Joe is out of sight time for lambo Larry to make an entrance ???? 

[hotchilli]

8 hours ago, webfact said:

Technology Crime Suppression Division (TCSD) police in Thailand have seized luxury sports cars, Harley Davidson motorcycles and brand name products from the house of an executive of an illegal cryptocurrency trading firm in Chiang Mai.

"Toys for Us" has a nice ring to it....

[trainman34014]

14 hours ago, ChrisY1 said:

Many Thai crooks tend to splash out on super expensive luxury.....not too smart really.

They love bragging and showing off; they just can't resist it.