Thailand Live Friday 18 October 2024

[webfact]

 

Police seized 23 luxury cars valued at 220 million baht from the network associated with the "Big Boss of The Icon." The most significant seizure belonged to Boss Paul, totaling 61 million baht. Thai authorities believe there are more assets to uncover as the investigation continues, with suspects allegedly converting cash into digital currency to avoid detection.

 

Yesterday, police raided The Icon Group’s network, seizing assets from 18 suspects believed to have been obtained through illicit activities. Confiscated items included 23 luxury cars, 121 branded items, 39 electronic devices, and other valuables, totaling approximately 219.7 million baht.

 

Picture courtesy: Daily News

 

Key seizures included assets from Mr. Warathapol Waratyaworakul, known as Boss Paul, with luxury cars like a Benz S 500e, Bentley Flying Spur Hybrid, and Rolls-Royce, totaling over 61 million baht.

 

Ms. Panjarat Kanokrakthanaphorn, or Boss Pan, had two luxury cars worth 30 million baht seized. Similarly, Mr. Kolasatnan, or Boss Peter, faced the confiscation of two cars and electronics worth over 12 million baht.

Other prominent figures also had assets seized, including Ms. Kanokthon Puranasukol, or Boss Mae Ying, with a Porsche and other valuables totaling 9.3 million baht.

 

The authorities state that the 220 million baht seized represents only part of the network's assets, as some suspects reportedly converted cash to digital currencies before the crackdown to complicate tracing efforts, reported Daily News.

 

TOP Picture courtesy: Daily News

 

-- 2024-10-17

 

 

[0ffshore360]

New cheap luxury wheels coming online for senior RTP connects?

 

[anchadian]

Police have taken 17 suspects in the #TheIconGroup case to the Criminal Court for detention and opposed their bail requests. As for its CEO 'Boss Paul', he will be sent for detention tomorrow

 

https://x.com/TNAMCOTEnglish/status/1846851175263732023

[ukrules]

What kind of a moron drives around with a Rolls Royce and the plate '555' whilst being a complete fraudster?

You'd think he would be keeping a low profile.

These morons must have no brains between them.

[oustaristocrats]

11 hours ago, webfact said:

 

Police seized 23 luxury cars valued at 220 million baht from the network associated with the "Big Boss of The Icon." The most significant seizure belonged to Boss Paul, totaling 61 million baht. Thai authorities believe there are more assets to uncover as the investigation continues, with suspects allegedly converting cash into digital currency to avoid detection.

 

Yesterday, police raided The Icon Group’s network, seizing assets from 18 suspects believed to have been obtained through illicit activities. Confiscated items included 23 luxury cars, 121 branded items, 39 electronic devices, and other valuables, totaling approximately 219.7 million baht.

 

Picture courtesy: Daily News

 

Key seizures included assets from Mr. Warathapol Waratyaworakul, known as Boss Paul, with luxury cars like a Benz S 500e, Bentley Flying Spur Hybrid, and Rolls-Royce, totaling over 61 million baht.

 

Ms. Panjarat Kanokrakthanaphorn, or Boss Pan, had two luxury cars worth 30 million baht seized. Similarly, Mr. Kolasatnan, or Boss Peter, faced the confiscation of two cars and electronics worth over 12 million baht.

 

Other prominent figures also had assets seized, including Ms. Kanokthon Puranasukol, or Boss Mae Ying, with a Porsche and other valuables totaling 9.3 million baht.

 

The authorities state that the 220 million baht seized represents only part of the network's assets, as some suspects reportedly converted cash to digital currencies before the crackdown to complicate tracing efforts, reported Daily News.

 

TOP Picture courtesy: Daily News

 

-- 2024-10-17

 

 

 

 

"converted cash to digital currencies before the crackdown to complicate tracing efforts"...

 

But how did they get the 220 million Baht in the first place, before being able to convert it ?  Or in other words, what was the business model of the Icon Group ? 

I don't read anything about this, was it legally earned, or not ?  By what kind of activity ?

 

[danfoss5000]

20 minutes ago, oustaristocrats said:

 

 

"converted cash to digital currencies before the crackdown to complicate tracing efforts"...

 

But how did they get the 220 million Baht in the first place, before being able to convert it ?  Or in other words, what was the business model of the Icon Group ? 

I don't read anything about this, was it legally earned, or not ?  By what kind of activity ?

 

Yeah I want in on this grift too

[hotchilli]

11 hours ago, webfact said:

Police seized 23 luxury cars valued at 220 million baht from the network associated with the "Big Boss of The Icon." The most significant seizure belonged to Boss Paul, totaling 61 million baht. Thai authorities believe there are more assets to uncover as the investigation continues, with suspects allegedly converting cash into digital currency to avoid detection

I sincerely hope these vehicles are publicly auctioned off and the assets returned to the victims, not bought under the table and garaged in influential peoples homes.

[hotchilli]

4 hours ago, ukrules said:

What kind of a moron drives around with a Rolls Royce and the plate '555' whilst being a complete fraudster?

A pi$$ taker who thinks they are above the law.

[ronster]

Looking at the photo and list of some of the cars I'm thinking the total of these cars has been undervalued for some reason.

I can't imagine the cost of the Rolls Royce , but I'm sure a McLaren is around 15-25 million depending on model and then start adding the Ferrari's .

[ronster]

4 hours ago, ukrules said:

What kind of a moron drives around with a Rolls Royce and the plate '555' whilst being a complete fraudster?

You'd think he would be keeping a low profile.

These morons must have no brains between them.

Hiding in plain sight 😄

[wombat]

I con.

It doesn't get more in your face than that.

[thaichiro]

Threaten them with years of REAL Thai prison time and you’ll see the funds come in. Sadly this rarely happens here.

[mfd101]

1 hour ago, oustaristocrats said:

But how did they get the 220 million Baht in the first place, before being able to convert it ?  Or in other words, what was the business model of the Icon Group ? 

I don't read anything about this, was it legally earned, or not ?  By what kind of activity ?

Yes. Who or what is 'The Icon'?

[TheFishman1]

Top cops will be driving them soon TT

[Iron Tongue]

5 hours ago, ukrules said:

What kind of a moron drives around with a Rolls Royce and the plate '555' whilst being a complete fraudster?

You'd think he would be keeping a low profile.

These morons must have no brains between them.

???

Do you not know how scammers & fraudsters behave?  They cover themselves in the trappings of (stolen) luxury in order to attract others into their schemes.  Everybody wants wealth and be seen hangin' with celebrities.  It is this material greed that causes people to not think clearly.

[Ironmike]

All the movement of wealth will be simple,, from the criminals to the other criminals wearing brown uniforms a few Bowes and a basket of crap and a trip to Dubai chop chop done.... 

[madmac1]

You have to admire the audacity of these people. They made it so clear right from the start what they were doing.

They called the company "iCon"!!!

As in I con people!!!

And has 555 registration on one of his car's just to rub it in.