Picture courtesy of Daily News

 

Police arrested a 58-year-old man linked to a major stock manipulation scheme that caused investor losses worth hundreds of millions of baht. The arrest took place on 13 September 2025 at a resort in Hua Hin, Prachuap Khiri Khan province. Authorities said the man was part of a group led by a well-known investment influencer accused of orchestrating fraudulent trading activities.

 

The operation was ordered by Pol Maj Gen Thasanpoom Jaruprach, Commander of the Economic Crime Suppression Division (ECD). The team, led by Pol Col Theerapas Yangyuen and Pol Lt Col Prapas Wangngam, executed an arrest warrant issued by the Bangkok South Criminal Court. The suspect, identified only as “Mr A,” faces charges of colluding to manipulate stock prices and volumes and of failing to act honestly and responsibly as a private fund manager.

 

Investigations revealed that a prominent investment influencer, along with associates, created artificial trading activity in a company’s shares. They repeatedly placed buy and sell orders to distort normal market conditions, misleading retail investors into making unfavourable trades. The scheme caused extensive losses across the stock market, estimated in the hundreds of millions of baht.

 

Following these findings, police gathered evidence and secured arrest warrants for those involved. Intelligence later confirmed that Mr A had fled to Prachuap Khiri Khan, where he attempted to hide at a resort in Hua Hin. Officers moved quickly to detain him without incident.

 

During questioning, Mr A denied all charges. Police have transferred him to investigators at ECD Subdivision 3 for further legal proceedings. Authorities said they are expanding the investigation to locate and arrest the high-profile investment influencer who led the operation, with the aim of bringing all members of the group to justice.

 

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Key Takeaways

 

• Police arrested a 58-year-old man on 13 September 2025 for stock manipulation.

• The scheme, linked to an investment influencer, caused losses of hundreds of millions of baht.

• Authorities are pursuing the group’s leader and continuing the investigation.

 

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Ex-treasurer-jailed-for-50-years-for-local-fund-fraud

 

Two-it-executives-arrested-for-79m-tax-fraud

 

  Adapted by Asean Now from Dailynews 2025-09-14

 

 

 

 

 

I have always thought that the stock market here is a casino. 

This looks like a manipulated casino.

Scammers are the worst of the worst.