Businessman Sued over Holiday Home that Looks Like Temple Pavilion

[snoop1130]

 

People who claim to have been scammed in a supposed multi-level marketing fraud have taken legal steps in Thailand. They have implicated a popular direct sales company and several celebrities in fraudulent acts.

 

The Foundation Campaigning to Reclaim Social Justice's lawyers joined approximately 20 victims on Thursday to lodge complaints with the Consumer Protection Police Division (CPPD). They claim to be representing almost 500 individuals who invested in the company's business initiative program.

 

According to the alleged victims, they were initially attracted to the company by its online advertisements along with social media campaigns, and were persuaded to invest, enticed by the promise of high profits and celebrity endorsements.

 

Many people committed during the post-COVID economic downturn as they were looking for additional ways to make money. However, after investing large amounts of money, they found they couldn't sell the company's merchandise but were instead urged to bring in more investors. Some victims even resorted to taking loans or selling their possessions to fund their investment. Many ended up losing their life savings.

The victims claim that the company was operating a pyramid scheme, where earnings come primarily from recruiting more members than from selling products or services.

 

Decha Kittiwittayanan, a lawyer representing another group of victims, said they are calling on the authorities to examine whether the company's actions breached public fraud, pyramid schemes, false advertising, and direct sales regulations. Victims reported average losses of 500,000 baht ($14,000) per person.

 

The Consumer Protection Board (CPB) is now looking into the issue and is asking other potential victims to report their experiences.

 

File photo for reference only

 

-- 2024-10-10

 

[G_Money]

Was unaware Amway was in Thailand.