17 Million Baht Thailand Ponzi Scheme Unveiled: Ringleader and Accomplices Face Legal Action


On October 26th, 2023, the Economic Crime Suppression Division (ECD) officials eradicated a Ponzi scheme worth more than 17 million baht.

The alleged masterminds behind the scheme were identified only as Ms. Natthakarn, 31, and another seven unidentified individuals who faced charges of Conspiracy to Defraud the Public by Introducing False Information into Computer Systems on a Thai criminal court warrant.

In 2020, Natthakarn and accomplices allegedly tricked many victims on social media into investing in the Ponzi scheme by posting luxury lifestyles with sports cars, mansions, and bundles of cash.

With many victims falling for the alleged scheme, they then reported to local police stations to arrest the suspects, with an estimated value of more than 17 million baht.

However, Natthakarn and accomplices reportedly denied the allegations and were escorted to inquiry officers for further legal proceedings.

The original version of this article appeared on our sister website, The Pattaya News, owned by our parent company TPN media.

Kittisak Phalaharn
Kittisak has a passion for outgoings no matter how tough it will be, he will travel with an adventurous style. As for his interests in fantasy, detective genres in novels and sports science books are parts of his soul. He works for Pattaya News as the latest writer.