Pyramid Scheme Arrests In Ratchaburi

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Another pyramid bust

By The Nation

27 May

The Department of Special Investigation (DSI) has arrested a Thai woman who allegedly deceived 1,000 others to invest in a pyramid scheme to receive funding from a socalled international organisation.

Piyawat Kingket, chief of the DSI's Bureau for Special Criminal Cases, said yesterday that Julaporn Ritthapai, 59, had reportedly conspired with another suspect Ekkarin Khamsri, who had been arrested earlier and died while being detained in Ratchaburi Prison, to lure poor villagers in Ratchaburi, Samut Songkhram and Phetchaburi into a scam to receive billions of baht from abroad.

Presenting them with several 500 millioneuro bills of exchange, the duo told the villagers they must first invest Bt10,000 into the scheme in order to get the funding, he said.

Source: The Nation