Over 500 people fall victim of jewellery fraud causing 60 million baht damage

[webfact]

Photo via Facebook/ ตระเวณข่าวอุดรออนไลน์

 

by Petch Petpailin

More than 500 people fell victim to a jewellery fraud in central Thailand. A Thai couple who owned a jewellery shop in the Samut Sakhon province lured unsuspecting customers into buying jewellery worth about 60 million baht.

 

Paisarn Ruengrit, a lawyer representing 30 of the victims, complained with the Central Investigation Bureau (CIB) after discovering that the jewels sold were either fraudulent or of inferior quality compared to what was initially promised, while some customers didn’t receive their purchases at all.

The Thai couple, who remain unnamed, had been operating the jewellery shop for more than five years.

Paisarn revealed that the couple utilized deceptive tactics to sell their products through an online platform.

 

They enticed buyers with misleading promotions, such as allowing them to resell diamonds to the shop at a higher price than the purchase amount or providing a free diamond worth 700,000 baht if they topped up the shop’s electric wallet with 50,000 baht.

 

Full story: https://thethaiger.com/news/national/over-500-people-fall-victim-of-jewellery-fraud-causing-60-million-baht-damage

 

-- © Copyright Thaiger 2023-05-10

 

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[edwinchester]

"...allowing them to resell diamonds to the shop at a higher price than the purchase amount or providing a free diamond worth 700,000 baht if they topped up the shop’s electric wallet with 50,000 baht."

 

Seems perfectly legit to me.

[stoner]

hahahaha send me 1 bitcoin and ill send back 10. 

[hotchilli]

4 hours ago, webfact said:

They enticed buyers with misleading promotions, such as allowing them to resell diamonds to the shop at a higher price than the purchase amount or providing a free diamond worth 700,000 baht if they topped up the shop’s electric wallet with 50,000 baht.

Blind as the proverbial bat.

[ikke1959]

nothing can be trusted in Thailand.. always be careful for copies, fake, overpriced, bad quality etc..Sadly enough

[Confuscious]

Marketing rule #1:

"When you pay PEANUTS, you get MONKEYS."