Ponzi scheme operators get over 12,000 years in prison

[snoop1130]

FILE / Wantanee Tippaveth

 

The Criminal Court sentenced a man and a woman to 12,640 years in prison each on Wednesday, after finding them guilty of operating a Ponzi scheme.

 

The sentences were based on 2,528 acts of fraud committed by Wantanee Tippaveth and her boyfriend Metee Chinpa between March 9th, 2019 and October 30th, 2020.

 

The losses incurred by investors in the “Mae Manee” Ponzi scheme reached billions of baht and the couple were ordered to pay compensation to the people they defrauded.

 

Full Story: https://www.thaipbsworld.com/ponzi-scheme-operators-get-over-12000-years-in-prison/

 

-- © Copyright Thai PBS 2023-05-10

 

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[sidjameson]

Billions of bht earned ....20 years in prison....I bet many Thai would accept that renumeration.

[steven100]

a few years .... a bit of palm greasing ....   they'll be out.    TIT

[OttoPollmann]

When will be the next collective Royal Pardon? Last time 200k inmates got released, that was in 2022. It's long overdue for the next round. 

[BenStark]

3 hours ago, snoop1130 said:

The Criminal Court sentenced a man and a woman to 12,640 years in prison each

Is that after they got the sentence cut in half because they confessed?

[TallGuyJohninBKK]

2 hours ago, steven100 said:

a few years .... a bit of palm greasing ....   they'll be out.    TIT

 

You always have to wait for this kind of footnote, usually buried somewhere in the article:

 

"Despite the extraordinary length of the sentences, under Thai law Wantanee and Metee will be imprisoned for a maximum of 20 years each."

 

In reality, it's probably going to be more like, each sentenced to 12,000+ years.... and likely will be walking free in another 6 months or so....

 

Unless, they're released on bail after being sentenced -- as shockingly can happen here -- and then they disappear before ever serving their sentences.

 

[Gknrd]

This will be overturned and I think extremely un-just.. 12,639 years would be more than enough.

[spidermike007]

Does that mean they will have to continue reincarnating in Thailand, so they can keep serving out their sentences? 

 

Just curious about the mechanics of a 12,000 year sentence. 

[Laughing Gravy]

From the title, I thought the bankers had been finally brought to account.????

[Darksidedude]

Got no sympathy for anyone that lost out on investments, buyer beware

[jacko45k]

7 minutes ago, Darksidedude said:

Got no sympathy for anyone that lost out on investments, buyer beware

Yes, you are perfect, but I suspect some of the victims in this case were a bit mare naïve. 

[mikebell]

12 hours ago, snoop1130 said:

The Criminal Court sentenced a man and a woman to 12,640 years in prison

That'll teach 'em; they won't do that crime again.

[soalbundy]

1 hour ago, mikebell said:

That'll teach 'em; they won't do that crime again.

They get time off for good behaviour

[SOTIRIOS]

...She Doesn't Seem Worried In The Least...(?)

[Liverpool Lou]

13 hours ago, spidermike007 said:

Does that mean they will have to continue reincarnating in Thailand, so they can keep serving out their sentences? 

 

Just curious about the mechanics of a 12,000 year sentence. 

It's based on the mechanics of more than 2500 fraud charges...just as happens in your country also.

Edited May 11, 2023 by Liverpool Lou

[hotchilli]

18 hours ago, snoop1130 said:

The Criminal Court sentenced a man and a woman to 12,640 years in prison each on Wednesday, after finding them guilty of operating a Ponzi scheme

That'll learn-em.