webfact Posted June 18, 2015 Share Posted June 18, 2015 Dozens complain over being lured into investing on false promisesTHE NATIONBANGKOK: -- SOME 50 people yesterday filed a police complaint at the Economic Crime Suppression Division, accusing a private company of luring them to invest money in a business scheme that did not yield profits or returns as promised.The division has set up a committee led by Pol Colonel Noppawat Arayangkoon to handle this case.Lawyer Apinyo Pumnuan told reporters that he represented 2,000 damaged persons, the first batch of whom had filed a police complaint on Monday. He said the company, officially open since February, claimed to be backed by major banks and businesspeople and boasted that its mock-up currency could be used at convenience stores instead of cash, as well as for the purchase of houses and cars.Chaikorn Sithachai or Thassapong Jittateeraroj, 63, father of actress Pimnipa "Gambum" Jittateeraroj, said he had invested Bt1 million in the company's scheme since February and wanted his money back. Another plaintiff, Jira Polwanna, 42, said he had invested Bt5 million since January but had not received any dividend yet. He said he was told the scheme would bring in foreign currencies and thus yield higher returns than depositing money in banks.Separately, the police investigation into UFUN's alleged pyramid scheme saw UFUN executive and Web administrator Theerat Prateepritnopas, 38, and his employee Chawisa Jittopas, 28, who were the 44th and 46th wanted persons respectively, surrender at the Consumer Protection Police Division yesterday.Theerat claimed he was invited by fugitive Arthit Pankaew to serve as a company executive early last year but later decided to help out by serving as an adviser at a salary of Bt150,000, as well as administrating two UFUN websites. He claimed that he did not know anything about the wrongdoings and said he was also being used by UFUN. Police later searched Theerat's office and home in Bangkok's On Nut area but did not find any documentary evidence linking him to UFUN.Assistant national police chief Lt-General Suwira Songmetta said police investigators had decided to make a case for prosecution of the UFUN suspects and would submit the case report to public prosecutors next Monday.Source: http://www.nationmultimedia.com/national/Dozens-complain-over-being-lured-into-investing-on-30262640.html-- The Nation 2015-06-19 Link to comment Share on other sites More sharing options...
Reigntax Posted June 18, 2015 Share Posted June 18, 2015 (edited) UFUN must stand 'you give us money, have fun trying to get it back.' Edited June 18, 2015 by Reigntax Link to comment Share on other sites More sharing options...
wellred Posted June 18, 2015 Share Posted June 18, 2015 Haha som nom Na. A bit like a farang marrying a local no. Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
Chupup Posted June 18, 2015 Share Posted June 18, 2015 Its all about the cash if you are DUMB enough to invest and get burnt tough ,"if something looks to good to be true" then it probably isn't , wake up there is no such thing as a FREE lunch Link to comment Share on other sites More sharing options...
Robby nz Posted June 18, 2015 Share Posted June 18, 2015 Theerat, an appropriate name to be mixed up in something like Ufun. They searched his home and office but did not find any documentary evidence. Of course they didn't he only surrendered after he was sure it was all destroyed. Link to comment Share on other sites More sharing options...
tominbkk Posted June 18, 2015 Share Posted June 18, 2015 If it sounds too good to be true, it probably is! Link to comment Share on other sites More sharing options...
JOC Posted June 19, 2015 Share Posted June 19, 2015 Greed and stupidity are clearly not a very good combination................. Link to comment Share on other sites More sharing options...
ezzra Posted June 19, 2015 Share Posted June 19, 2015 Thai people should stick to the underground lottery and the share's group game they have been playing for generations, and stop believing that their Thai counterpart, will not cheat them blind, they will with no qualms about it... Link to comment Share on other sites More sharing options...
BudRight Posted June 19, 2015 Share Posted June 19, 2015 (edited) I wonder if they promised 20 years visas for condos in Pattaya Edited June 19, 2015 by BudRight Link to comment Share on other sites More sharing options...
selftaopath Posted June 19, 2015 Share Posted June 19, 2015 Oh what a pity that a Thai would ever be swindled...... boohooooooo TIT. Or?????? Kharma???? in a very small dose? Link to comment Share on other sites More sharing options...
little mary sunshine Posted June 19, 2015 Share Posted June 19, 2015 Trust, but VERIFY!!! People still "INVESTING" in new, cheap condos In Pattaya when most complexes still sit half empty and unsold. Just Common sense, the bottom is going to fall out soon. They will be on TV crying too. Link to comment Share on other sites More sharing options...
MockingJay Posted June 19, 2015 Share Posted June 19, 2015 Link to comment Share on other sites More sharing options...
Praematura Posted June 19, 2015 Share Posted June 19, 2015 Do these people even read the SET filings. Or they just completely ignorant... Link to comment Share on other sites More sharing options...
sabaii69 Posted June 19, 2015 Share Posted June 19, 2015 Same same, just a different screw Link to comment Share on other sites More sharing options...
ratcatcher Posted June 19, 2015 Share Posted June 19, 2015 Do these people even read the SET filings. Or they just completely ignorant... Just greedy and looking for a quick windfall. Link to comment Share on other sites More sharing options...
The Beguiled Posted June 19, 2015 Share Posted June 19, 2015 Amazing Thailand. Thai's taking advantage of Thai's! Better than Thai's taking advantage of farangs. As my dear departed grandmother said "Greed breeds mean deeds" & "You rule your money: don't let your money rule you: Or it will ruin you" Now waiting to hear about Karma. Som Nom Na Link to comment Share on other sites More sharing options...
JOC Posted June 19, 2015 Share Posted June 19, 2015 Amazing Thailand. Thai's taking advantage of Thai's! Better than Thai's taking advantage of farangs. As my dear departed grandmother said "Greed breeds mean deeds" & "You rule your money: don't let your money rule you: Or it will ruin you" Now waiting to hear about Karma. Som Nom Na Did your grandmother die a poor woman.......................... Link to comment Share on other sites More sharing options...
sanuk711 Posted June 19, 2015 Share Posted June 19, 2015 (edited) Its wonderful to see so many happy posters-----the joyfulness seems to come from , not the fact that a lot were just small investors that have been robbed, but that their nationality is Thai-----strange................. Edited June 19, 2015 by sanuk711 Link to comment Share on other sites More sharing options...
Jimlove Posted June 19, 2015 Share Posted June 19, 2015 Is there no end to the stupidity and greed here .... ? Link to comment Share on other sites More sharing options...
maidee Posted June 19, 2015 Share Posted June 19, 2015 5555555555 give your life savings to a new company that builds castles in the sky when will we hear another story of the money & black liquid ... Link to comment Share on other sites More sharing options...
elgordo38 Posted June 19, 2015 Share Posted June 19, 2015 (edited) If it sounds too good to be true, it probably is! People who saved all their lives are getting desperate as the banks pay you next to nothing. Thats an incentive for these get rich schemes. We live in a sad controlled society. We are awash in printed paper money its like a Monopoly game(loved this game when I was a kid). The people that borrow/spend that do not know how to save are having a field day at our expense borrowing cheap money our money. We the savers who swallowed all that government BS(I am one of them) over the years get nothing. The world has now turned upside down and now spend spend spend is the new normal. Savers just watch their money disappear eaten up by interest rates lower than the rate of inflation. Welcome to the new world order you saver suckers your government loves you. Edited June 19, 2015 by elgordo38 Link to comment Share on other sites More sharing options...
ratcatcher Posted June 19, 2015 Share Posted June 19, 2015 Is there no end to the stupidity and greed here .... ? An American's viewpoint? Thais are not the only people in Gullible's Travels. There's a sucker born every minute all over the world. In the Untied States of America, Uncle Bernard made off with billion$ (BILLION$) of investors money. By comparison this Thai scheme was baby potatoes. https://en.wikipedia.org/wiki/Madoff_investment_scandal Link to comment Share on other sites More sharing options...
Jonmarleesco Posted June 19, 2015 Share Posted June 19, 2015 'He said the company ... boasted that its mock-up currency could be used at convenience stores instead of cash, as well as for the purchase of houses and cars.' I don't know which boggles more: my mind, or these people's logic. Link to comment Share on other sites More sharing options...
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