Thai Police Charge Celebrity Actress for Forex-3D Connections
- The scheme dupped around 9,692 investors of almost 2 billion baht.
Thailand’s Department of Special Investigation (DSI) has charged celebrity actress Sawika 'Pinky' Chaidet, her mother Sarinya, and brother Sarayut for their involvement in the forex Ponzi scheme Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term-3D, which defrauded people of around 2 billion baht (over $66 million).
Local news, the daily Bangkok Post reported that Pinky and her two family members were summoned by the law enforcement to hear the charges on Wednesday. They are blamed for colluding to defraud people and for disseminating fake information through a computer system.
Though they acknowledged all the charges, the trio denied any wrongdoing.
One of the Biggest Frauds in Thailand
Forex-3D was a massive Ponzi Scheme Ponzi Scheme A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and Read this Term across Thailand and is the country’s first forex scam of such scale. It operated from its web-domain and multiple Facebook pages, offering investors 60 to 80 percent foreign currency investments and 100 percent in capital-protected funds.
According to the official records, the scheme cheated around 9,692 investors.
The Thai authorities were first alarmed about the massive fraud in November 2019 when the first group of victims sought help after Forex-3D failed to provide the promised returns.
The charges on the actress came after the police nabbed Apiruk Kothi, the mastermind of the Ponzi scheme, in January as he secretly returned to Thailand after over a year on the run. The authorities did not bring any official charges against him yet as the investigation is still ongoing.
The DSI is now looking for Kothi’s accomplices in running the fraudulent scheme. The report outlined that Thai law enforcement identified another actor involved in the scam, who will soon be summoned for interrogation.
While the investigation is ongoing, the authorities are in the process of compensating the victims from the proceeds collected from several raids on the Forex-3D premises. To date, DSI verified more than 8,400 claims of Forex-3D victims.
Thailand’s Department of Special Investigation (DSI) has charged celebrity actress Sawika 'Pinky' Chaidet, her mother Sarinya, and brother Sarayut for their involvement in the forex Ponzi scheme Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term-3D, which defrauded people of around 2 billion baht (over $66 million).
Local news, the daily Bangkok Post reported that Pinky and her two family members were summoned by the law enforcement to hear the charges on Wednesday. They are blamed for colluding to defraud people and for disseminating fake information through a computer system.
Though they acknowledged all the charges, the trio denied any wrongdoing.
One of the Biggest Frauds in Thailand
Forex-3D was a massive Ponzi Scheme Ponzi Scheme A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and Read this Term across Thailand and is the country’s first forex scam of such scale. It operated from its web-domain and multiple Facebook pages, offering investors 60 to 80 percent foreign currency investments and 100 percent in capital-protected funds.
According to the official records, the scheme cheated around 9,692 investors.
The Thai authorities were first alarmed about the massive fraud in November 2019 when the first group of victims sought help after Forex-3D failed to provide the promised returns.
The charges on the actress came after the police nabbed Apiruk Kothi, the mastermind of the Ponzi scheme, in January as he secretly returned to Thailand after over a year on the run. The authorities did not bring any official charges against him yet as the investigation is still ongoing.
The DSI is now looking for Kothi’s accomplices in running the fraudulent scheme. The report outlined that Thai law enforcement identified another actor involved in the scam, who will soon be summoned for interrogation.
While the investigation is ongoing, the authorities are in the process of compensating the victims from the proceeds collected from several raids on the Forex-3D premises. To date, DSI verified more than 8,400 claims of Forex-3D victims.