Fraudster nabbed after swindling millions in Bangkok investment scheme

[webfact]

 

A woman sought for her alleged involvement in a fraudulent investment scheme was apprehended yesterday after evading capture for nine months. The 55 year old suspect, Pimpicha Suthornsupisal, stands accused of deceiving numerous individuals, resulting in millions of baht in losses.

 

The arrest took place in a car park within a dormitory complex located in Bangkok’s Sai Mai district. Pimpicha, along with By Smart Plus Co, operated an investment scheme between 2021 and 2022, enticing investors with a promised 25% return and additional profits for bringing in new investors.

 

Authorities stated that some investors did receive the promised returns until February of last year, at which point the payouts ceased. Approximately 70 victims have been identified, with total damages estimated to be around 30 million baht reports Bangkok Post.

Pimpicha now faces charges of colluding to defraud and inputting false information into a computer system.

 

by Mitch Connor

Top Photo Courtesy of Freepik

 

-- © Copyright Thaiger 2023-05-29

 

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[Will B Good]

I'm shocked.

 

Did not know this kind of thing happened in Thailand

[worgeordie]

Another one , this seems just too easy , offer 25 %  !!!!! , returns ,and they

will line up to give you their money , when are people going to learn ........

 

regards worgeordie

[farang9392]

It shocks me how Thai people, of all adult ages, continue to fall for these too good to be true scams, visibility is high, and almost every day the comical thai news covers a scam and within a week at least every variant is covered, from the DHL scam to crypto to gold reselling to durian to police drug bust... It's not like the news is focused on world affairs, war, scientific breakthroughs, and so on, they get a warning, every single week and if they are consuming social media multiple times a day.

 

 

[hotchilli]

3 hours ago, worgeordie said:

Another one , this seems just too easy , offer 25 %  !!!!! , returns ,and they

will line up to give you their money , when are people going to learn ........

 

regards worgeordie

The carrot looks too sweet to turn down... 

[RichardColeman]

The shocking thing about this story to me is not the daft people being swindled, but the perp not running of with the £750,000 to another country

[Kwaibill]

19 hours ago, RichardColeman said:

The shocking thing about this story to me is not the daft people being swindled, but the perp not running of with the £750,000 to another country

 

19 hours ago, RichardColeman said:

The shocking thing about this story to me is not the daft people being swindled, but the perp not running of with the £750,000 to another country

Hadn’t yet reached their goal.

[Will B Good]

On 5/29/2023 at 4:10 AM, farang9392 said:

It shocks me how Thai people, of all adult ages, continue to fall for these too good to be true scams, visibility is high, and almost every day the comical thai news covers a scam and within a week at least every variant is covered, from the DHL scam to crypto to gold reselling to durian to police drug bust... It's not like the news is focused on world affairs, war, scientific breakthroughs, and so on, they get a warning, every single week and if they are consuming social media multiple times a day.

 

 

FOMO......look at Bernie Madoff....he wasn't dealing with the poor and desperate by a long chalk.