Complaint of fraud costing over 150 million baht in damage filed with DSI

 

BANGKOK, 2 August 2017 (NNT) – Victims of a pyramid scheme have filed a complaint with the Department of Special Investigation (DSI), indicating damages of over 150 million baht. 

More than 10 people tied to Progression Achievement Trading Ltd and Prisana 2462 Co Ltd have submitted a complaint with the DSI seeking action against Kaewkanda Sewetsrisakul and others for fraud, accusing her of running a pyramid scheme that cost them a combined 150 million baht. 

Attorney for the group, Thanawat Jiampipat, explained that after becoming CEO of the two companies last year Kaewkanda used the businesses’ name to entice investments, promising returns of 10-20 percent. One victim of the scheme sank over 30 million baht into the unsubstantiated investment. 

Kaewkanda, who also used the name Chantra, also set up a shell company to act as a co-investor, funneling funds from the fraudulent business into her personal accounts. The complaint indicated that she may have duped over 1,000 victims.

 

-- nnt 2017-08-02

as is the case here so often, the dark side is the intelligent side

There were times when people cheated other people with small money,

now it seems it has escalated into the many millions and more, why is

that one would ask, it's because the penalties for stilling little or stealing

a lot is almost the same, so why not go for the big payday?.....

"A fool and his money..."

What were they supposed to be selling ?, 10-20% returns that will get the greedy,

stupid people interested,this sort of thing has been going on for years,Oil,Gold,

Foreign currency,scams to name a few, but people never learn,and they will always find new victims. 

regards worgeordie

If anyone involved with the scheme just send me $20 and I will pray for you. 

40 minutes ago, Chris Lawrence said:

If anyone involved with the scheme just send me $20 and I will pray for you. 

Careful with this one from Chris above...it's a scam...

 

Better idea is to send me 100b to Pyramid House Post office Box 150m  c/- Post Office  Nakhon Nowhere Stupidville Thailand...and I will tell you all how to get your money back by return mail.

52 minutes ago, Chris Lawrence said:

If anyone involved with the scheme just send me $20 and I will pray for you. 

You havent specified to what god and what effect it would have.. you cheat... 

20 minutes ago, robblok said:

You havent specified to what god and what effect it would have.. you cheat... 

Don't worry Rob I do you for free. Mine is usually just a General pray. Anything specific and I move up the pyramid for prays.

1 hour ago, Chris Lawrence said:

If anyone involved with the scheme just send me $20 and I will pray for you. 

 

And return $ 200 to them in 2099

24 minutes ago, robblok said:

You havent specified to what god and what effect it would have.. you cheat... 

 

I dont think he will be praying to uncle Prayuth and the junta angels despite your hollier than thou opinion of them.

1 minute ago, Reigntax said:

 

And return $ 200 to them in 2099

Can't promise anything. That's when you can get yourself in trouble. 

 

As I said for Rob, I will include you and I better do KB. Kiwis need all the prays they can get from an OZ'ie, except when the All Blacks are playing.

 

God be with you all.

Just now, Reigntax said:

 

I dont think he will be praying to uncle Prayuth and the junta angels despite your hollier than thou opinion of them.

He is not praying to Prayuth.. oh dear.. blasphemy, you heretic,  an article 44 for you 

3 hours ago, webfact said:

One victim of the scheme sank over 30 million baht into the unsubstantiated investment. 

Where/how does someone so stupid get 30MB?

5 minutes ago, chickenslegs said:

Where/how does someone so stupid get 30MB?

Family, born into it ect. 

1 hour ago, Chris Lawrence said:

If anyone involved with the scheme just send me $20 and I will pray for you. 

That particular scam is already up and  running for many thousand  years.

30 minutes ago, chickenslegs said:

Where/how does someone so stupid get 30MB?

Maybe they had their own scam going on before falling victim to their own poison. 

 

But i asked myself the same question. 

Edited August 2, 20178 yr by docshock13
Amendment

43 minutes ago, robblok said:

Family, born into it ect. 

 

51 minutes ago, chickenslegs said:

Where/how does someone so stupid get 30MB?

It sure does magnify the extent of corruption in Thailand.

Gullible's travels ? Same author of there is one born every minute !

Time to declare Thailand the new 'Hub of Pyramids' ? 

4 hours ago, chickenslegs said:

Where/how does someone so stupid get 30MB?

Scams, corruption, theft is the usual answer

6 hours ago, robblok said:

He is not praying to Prayuth.. oh dear.. blasphemy, you heretic,  an article 44 for you 

And 14 days holiday in an army camp of their choice.  Includes free cultural awareness classes.

2 hours ago, Ricardo said:

Time to declare Thailand the new 'Hub of Pyramids' ? 

More pyramids than Egypt.