A Buddhist nun, who was a former company board member allegedly involved in an investment scam worth 1.3 billion baht, was arrested in Nakhon Ratchasima province, northeast Thailand on June 3rd.

 

Over 3,531 Thai people filed complaints to police alleging they were duped by the company named Concept Series Limited, which enticed them to invest in leasing cloud storage space.

 

The company offered returns to investors at higher rates than traditional financial institutions. As a result, the victims invested approximately 1.3 billion baht into the business and realized that they had fallen victim to a pyramid scheme only after the firm failed to fulfill its promised returns.

 

By Tanakorn Panyadee

 

Full Story: https://thepattayanews.com/2023/06/05/buddhist-nun-allegedly-involved-in-investment-scam-arrested-in-nakhon-ratchasima/

 

-- © Copyright The Pattaya News 2023-06-05

 

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I've heard of people investing in "virtual real estate in the Metaverse".

 

Did the Nun think that if she went to the temple should be safe please cannot arrestor just a question TIT

No merit for you, sister!

Time to get down to the other temple in the news today and get legless and defrocked holy smoke ????

12 hours ago, snoop1130 said:

The company offered returns to investors at higher rates than traditional financial institutions. As a result, the victims invested approximately 1.3 billion baht into the business and realized that they had fallen victim to a pyramid scheme only after the firm failed to fulfill its promised returns.

They really will take anyone in these days.

12 hours ago, snoop1130 said:

The company offered returns to investors at higher rates than traditional financial institutions

Greed and stupidity - easy route to being poorer