If Trump is re-elected what does it say about the I.Q of the average American?

[webfact]

 

In the ongoing iCon Group case, a total of 2,170 victims have filed complaints over nine days, with reported damages exceeding 841 million Baht. Authorities have seized assets worth B210 million, including 24 vehicles, 51 luxury watches, branded bags, and cash.

 

On 18th October, Deputy Commissioner of the Central Investigation Bureau, Pol. Maj. Gen. Sopon Sarapat, announced that the police are continuing to collect evidence. Investigators are coordinating with economic crime specialists to trace digital assets involved in the fraud.

The Deputy Commissioner mentioned that charges could be expanded depending on further evidence, and assets are being thoroughly investigated. Some items have been moved, potentially leading to money laundering charges. Additionally, authorities are examining any use of nominees pretending to be victims.

 

If the case qualifies as a special investigation, it may be transferred to the Department of Special Investigation (DSI). Currently, no money laundering charges have been brought against the 18 suspects, but investigations are ongoing with the involvement of the Attorney General’s Office and the Food and Drug Administration.

 

Investigations also continue into bribery allegations linked to politicians, overseen by Pol. Maj. Gen. Jaroonkiat Pankaew. Further updates are expected, reported Siam Rath.

 

Picture courtesy: Siam Rath

 

-- 2024-10-19

 

 

[BangkokReady]

Does anyone know what they actually did?  Is it a Ponzi scheme type of thing?

 

You keep hearing about people losing a load of money through investment scams, is this one of those?

[redwood1]

Someone would love to get the E-mail list of these people.....I know a Nigerian Prince with millions of dollars that he has been trying to give away, these sound like just the people....

[hotchilli]

8 hours ago, webfact said:

In the ongoing iCon Group case, a total of 2,170 victims have filed complaints over nine days, with reported damages exceeding 841 million Baht. Authorities have seized assets worth B210 million, including 24 vehicles, 51 luxury watches, branded bags, and cash

Lot of funds yet to be traced... much of it spent already on luxury living

[OneZero]

4 hours ago, BangkokReady said:

Does anyone know what they actually did?  Is it a Ponzi scheme type of thing?

 

You keep hearing about people losing a load of money through investment scams, is this one of those?

A business like AMWAY - getting individuals to buy & resell items that are too expensive to succeed.

I would call that a Ponzi scheme, perhaps others would not.

Victim Reveals Psychological Tactics Behind The Icon Groups Alleged Thai Investment Scheme - The Pattaya News

 

Edited 2 hours ago by OneZero

[harryviking]

ICon....LOL! Should be IconU! "I con you"! The fraud was already in the name!

[RamblingOn]

5 hours ago, BangkokReady said:

Does anyone know what they actually did?  Is it a Ponzi scheme type of thing?

 

You keep hearing about people losing a load of money through investment scams, is this one of those?

Does not sound like BangkokReady??!!

[chickenslegs]

5 hours ago, BangkokReady said:

Does anyone know what they actually did?  Is it a Ponzi scheme type of thing?

 

You keep hearing about people losing a load of money through investment scams, is this one of those?

It's explained in this article ...

https://www.khaosodenglish.com/news/crimecourtscalamity/crime-crime/2024/10/14/the-icon-group-scandal-echoes-past-frauds-as-thai-celebs-face-backlash/