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400 million dollars missing


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Posted

In July there was a story about DSI investigating disappearance of 12 billion baht from savings institution in Pattaya. Due in court on 25 July, the story has gone completely cold, What happened ?

Posted

Are you referring to the Standard Morgan Investment Fund?

It's kind of a pyramid scheme where investors recruit others for higher investment returns. It has been going on for a while now here in Pattaya, the rest of Thailand as well as in addition to some other countries. Not much news in English to be found about it. There is a blurb at the bottom of an article posted last month by a BKK news source we're not allowed to quote here, however that blurb is basically a summary of this DSI report, (unfortunately only in Thai).

  • 4 weeks later...

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