Thai immigration police have arrested a 33-year-old French man in Cha-am, Phetchaburi province, who is alleged to be a key figure in a transnational pyramid investment scam causing damages of more than 200 Million Euros. The suspect, identified by authorities only as Mr. Dogan, was found hiding in a villa and is wanted by authorities in France, Turkey and by Interpol.

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The arrest was carried out by Pol Col Suriya Puangsombat, Superintendent of Investigation, Immigration Bureau Region 3, together with officers from the Investigation Division of Immigration Bureau Region 3. The operation followed orders from Pol Maj Gen Songprode Sirisukha, Commissioner of Immigration Bureau Region 3, who signed the revocation of the suspect’s permission to stay in Thailand. Officers included Pol Lt Col Ithithorn Prasernsak, Deputy Superintendent of Investigation, and Pol Lt Col Thongthai Pairor, Inspector of the same unit.

At around 15:00 on 20 June 2026, investigators received intelligence that the suspect was hiding in a luxury villa in the Cha-am area. Officers moved in to inspect the property, requested to check his passport and confirmed his identity against international arrest records. He was subsequently detained on site.

Authorities said the man is wanted in connection with a large-scale investment fraud network involving a so-called digital finance company established in 2022 with five associates. The group allegedly claimed links to major financial institutions in Dubai, United Arab Emirates, to attract investors.

The scheme reportedly targeted members of the Turkish community living in France, Belgium, Switzerland, and New Zealand, encouraging investments ranging from 20,000 to 300,000 euros. Victims were promised unusually high returns, including monthly profits of 15 percent, annual gains of up to five times the initial investment, and bonuses for recruiting new members. The operation is described as a Ponzi scheme, with estimated losses exceeding 200 million euros, affecting more than 900 victims worldwide.

Pictures courtesy of Khaosod

Following the arrest, immigration authorities said the suspect’s permission to remain in Thailand has been revoked under Section 12(7) of the Immigration Act BE 2522. He is now being held for deportation procedures and will be transferred to countries requesting extradition so he can face prosecution under their legal systems.

Khaosod reported that officials added that further legal coordination will be carried out with international agencies as part of ongoing efforts to dismantle cross-border financial crime networks operating in the region.

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Adapted by ASEAN Now Khaosod 22 June 2026

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Thought this was a reserved occupation for the

Nigerians !

That's a lot of money.

Place is full of these types it seems 😒

Troll post removed @FinChin67

Anyone who invests believing they will see a 15% profit per month does not deserve to have money in my opinion.

Stupid is as stupid does.

Lock up the vampire. There is a whole subculture in this world, who absolutely refuse to work for a living, and instead like to prey on those who are vulnerable, naive, dumb, and easy victims. It is our responsibility to be careful, prudent, willing to do some vetting, some research, some due diligence, anytime we part with cash. Especially online. Dealing with Ebay, Lazada,

Amazon is one thing. You have recourse. But, dealing with Facebook vendors, Instagram, Youtube, dating sites, or any other social media, the scammers outweigh the real deals. People get taken every day. I get junk emails offering me at least $100 million a month.

 

These people are parasites, they barely deserve the oxygen they consume, and we must do everything in our power to deny the vampires.

If it sounds too good to be true, it probably is.

On 6/21/2026 at 6:34 PM, Jim Blue said:

Thought this was a reserved occupation for the

Nigerians !

Oh! Bernie Madoff was Nigerian? I did not know that!

On 6/22/2026 at 5:34 AM, Jim Blue said:

ught this was a reserved occupation for the

Nierians !

His face is blurred, might well be despite his passport