snoop1130 Posted February 20, 2019 Share Posted February 20, 2019 Man held over Bt50m fraud By The Nation A man has been arrested for allegedly defrauding around 100 stock market investors of about Bt50 million, police said. Pol Lt Gen Suchate Hakpal, Immigration Bureau chief who also heads the economic crime centre, said Jittaraphon Nisarat, 25, was arrested on Tuesday at his apartment in Bangkok's Phra Khanong district. Surachate said Jittaraphon was arrested under a warrant issued by the Criminal Court on Friday. Jittaraphon was accused of collaborating with two other accomplices to convince over 100 victims to invest in their company with a promise of a 10 per cent yield per month for their investment. The investors were asked to invest at least Bt300,000. The investors were told that Jittaraphon's company would invest in the Wall Street stock market for profits in short sales. Surachate said the investors received the promised returns for just the first three or four months but Jittaraphon then stopped paying the yields and closed his company and disappeared. Surachate said police are still hunting for the two accomplices, Sorachat Klamsaeng, 40, and Pirayuth Arj-amnuay, 34. Source: http://www.nationmultimedia.com/detail/breakingnews/30364456 -- © Copyright The Nation 2019-02-20 Link to comment Share on other sites More sharing options...
Ralf61 Posted February 20, 2019 Share Posted February 20, 2019 When will they ever learn? When will they ever learn? Link to comment Share on other sites More sharing options...
Mavideol Posted February 20, 2019 Share Posted February 20, 2019 by the names it appears they are all Thais...hummm!!!! one of BJ Generals said that Thais don't scam Thais how can that happen now Link to comment Share on other sites More sharing options...
worgeordie Posted February 20, 2019 Share Posted February 20, 2019 24 minutes ago, snoop1130 said: a promise of a 10 per cent yield per month So they believed them..........remember that saying, if it sounds too good to be true...guess they don't have that one here. regards worgeordie Link to comment Share on other sites More sharing options...
scorecard Posted February 20, 2019 Share Posted February 20, 2019 25 minutes ago, Mavideol said: by the names it appears they are all Thais...hummm!!!! one of BJ Generals said that Thais don't scam Thais how can that happen now Getting boring... Link to comment Share on other sites More sharing options...
kannot Posted February 20, 2019 Share Posted February 20, 2019 mist be the invisible man as i dont see any pointing, no pointing = fake news Link to comment Share on other sites More sharing options...
kannot Posted February 20, 2019 Share Posted February 20, 2019 Looks more like a skinhead meeting Link to comment Share on other sites More sharing options...
dddave Posted February 20, 2019 Share Posted February 20, 2019 Classic Ponzi scheme. Give the promised returns to initial investors using subsequent investors funds, then as the word spreads that your are legit, rake it in. Of course, greed eventually wins out as they keep going rather than packing their bags and leaving town....just ask Bernie. Link to comment Share on other sites More sharing options...
Andrew65 Posted February 21, 2019 Share Posted February 21, 2019 14 hours ago, worgeordie said: So they believed them..........remember that saying, if it sounds too good to be true...guess they don't have that one here. regards worgeordie ...it sounds like it could be a classic Ponzi-scheme, in a Bernie Madoff kinda way! Link to comment Share on other sites More sharing options...
ezzra Posted February 21, 2019 Share Posted February 21, 2019 just another day in paradise... fool's paradise that is... Link to comment Share on other sites More sharing options...
fullcave Posted February 21, 2019 Share Posted February 21, 2019 Greed is a powerful magnet. Link to comment Share on other sites More sharing options...
KittenKong Posted February 21, 2019 Share Posted February 21, 2019 5 minutes ago, fullcave said: Greed is a powerful magnet. And it attracts stupidity. Link to comment Share on other sites More sharing options...
Ctkong Posted February 21, 2019 Share Posted February 21, 2019 20 hours ago, Ralf61 said: When will they ever learn? When will they ever learn? Greed is a very powerful motivator. Add in stupidity and the combination is lethal. Link to comment Share on other sites More sharing options...
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