Illegal catch! Phuket cops net 12 foreigners in immigration swoop

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Picture courtesy: Siam Rath

 

On 25 October 2024, Thai authorities at Bangkok’s Don Mueang International Airport arrested renowned influencer and net idol, Ms. Suchata, also known as “Nutty,” along with her mother, Ms. Thaniya.

 

Both women had been on the run for over two years, evading charges related to a major Forex trading scam. The arrests were led by Deputy Director of the Department of Special Investigation (DSI), Pol. Lt. Col. Wisanu Chimtrakool, in coordination with senior police officials.

 

The two suspects faced charges linked to Case 294/2565 under the 1984 Public Borrowing Fraud Act. They allegedly used the IQ Option app to lure victims into a fraudulent Forex trading scheme, promising returns but failing to deliver payouts or refund investments.

 

The investigation uncovered significant financial losses, with 438 victims and damages amounting to approximately 239 million baht.

Indonesian authorities detained the suspects for immigration violations, and the Thai Embassy in Jakarta confirmed their identities.

 

On 25 October, they were deported to Thailand, where DSI officials promptly detained them for further legal proceedings. Police also reported that earlier this year, assets worth around 16.7 million baht from the suspects had been seized, with additional assets frozen.

 

This high-profile case highlights increased cooperation between Thai and Indonesian authorities to bring financial crime suspects to justice. The DSI aims to further investigate to recover more assets for affected victims, reported Siam Rath.

 

-- 2024-10-26

 

 

[Woke to Sounds of Horking]

Nutty alright. I've often warned people here about the financial risks of investing in cryptocurrency and forex.

 

Backed by nothing but hot air. There's sharks in the water.

 

Tulips anyone?