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Big Joke at work again - now busting Forex trading that is like online roulette!

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Big Joke at work again - now busting Forex trading that is like online roulette!

 

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Picture: Thai Tourist Police Bureau

 

The Tourist Police Bureau working with tech cops and other agencies have announced the arrest of 19 people employed in an online operation that amounted to simple gambling.

 

Hundreds of millions of baht in turnover were reported by the TPB website.

 

People were lured into a website called www.siamoption.com. to trade in something called binary options that are suitable for low skilled traders.

 

15-_180815_0001-1024x615.jpg

Picture: Thai Tourist Police Bureau

 

But once on the site the "investors" were essentially betting on movements in Forex markets.

 

This meant it came into legislation forbidding gambling in Thailand.

 

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Picture: Thai Tourist Police Bureau

 

There were 1.4 million members and turnover reached 600 million baht.

 

A total of 19 people were arrested in 9 raids in Bangkok, Khon Kaen and Phuket.

 

Leading the police and military teams in the busts and working on government orders was Pol Maj Gen Surachet Hakpal, the darling of the Thai media known as Big Joke for his high profile busts.

 

Source: Thai Tourist Police Bureau

 
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-- © Copyright Thai Visa News 2018-08-16
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If you have the chops and can lie to peoples' faces without laughing, the big money is still in fabricating your own religion, or becoming a franchisee of an existing one.  

 

Invisible internet currency was a similarly brilliant idea as well. 

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51 minutes ago, webfact said:

movements in Forex markets.

Got a friend who makes a good income on this.

 

Well, says he does. 

 

Quit his job in school to focus on it. 

 

I’ll have to ask him if he knows it’s illegal. 

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1 hour ago, webfact said:

betting on movements in Forex market

I'd guess that Prawit has recently had plenty of experience of this.

 

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1 hour ago, zaphod reborn said:

Running an unregulated forex binary options website is considered gambling, even in the West.  https://www.nasdaq.com/article/binary-options-gambling-or-financial-instrument-cm560900

of course. so money confiscated along with all the other evidence on how it works, few months later an online regulated binary options site up and running

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The website is still alive and kicking. Take it down Big Joke!

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2 hours ago, bluesofa said:

Is this much different to 'playing' the stock market - apart from the fact the stock market is legalised gambling?

 

Just like the government lottery, that's not gambling, it's a 'game of chance' - because that's how the government describe it every time to defend it.

 

Just  like everything here its anything they want it to be. 

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2 hours ago, Bluespunk said:

Got a friend who makes a good income on this.

 

Well, says he does. 

 

Quit his job in school to focus on it. 

 

I’ll have to ask him if he knows it’s illegal. 

1

Bluespunk it is legal ok to do forex trading

 

 

 

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