Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Two Investment ‘Coaches’ Arrested Over Fake Gold Trading Scam

Featured Replies

 

image.png

Picture courtesy of Matichon.

 

Two self-styled investment “coaches” have been arrested by the Central Investigation Bureau (CIB) for allegedly luring victims into a fraudulent online gold and FOREX trading scheme, resulting in financial losses of millions.

 

Officers from Subdivision 4 of the Economic Crime Suppression Division (ECSD) apprehended the suspects behind the Facebook page “Diamond Trader”, which had been live-streaming videos encouraging viewers to invest in “risk-free” gold trading opportunities. The pair promised returns as high as 10% and guaranteed full refunds of initial capital.

 

However, an investigation revealed that no actual trading took place. Authorities say the duo operated a classic Ponzi scheme, using new investors’ money to pay earlier participants in a short-term cycle designed to build trust. Once suspicions arose, the scammers allegedly claimed trading accounts had incurred losses and cited high tax liabilities as an excuse to withhold repayments.

 

The Economic Crime Division has pledged to pursue full legal action against the perpetrators and warned the public not to fall for investment offers that promise unrealistically high returns with no associated risk.

 

“Such schemes are not genuine investments,” an ECD official said. “They are traps laid by fraudsters preying on people’s financial hopes.”

 

 

image.png  Adapted by Asean Now from Matichon 2025-05-23.

 

 

image.png

 

Asean Now Property Advertisement (1).png

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.