National —
At 10:00 AM on October 20th, 2024, the Central Investigation Bureau (CIB) released an update on the ongoing case against The iCon Group for alleged investment fraud. Between October 10th and October 20th, a total of 4,743 victims have reported losses exceeding 1.4 billion baht.
On October 19th, Mr. Itthidet Thanetwattana, representing foreign victims, filed charges against the company’s executives, submitting purchase receipts, store photos, and images of victims with CEO Warathaphon “Boss Paul” Waratyaworrakul as evidence.
TPN covered all the details about The iCon Group here.
Itthidet revealed that victims from over 10 countries, including China, Hong Kong, Macau, Italy, Germany, Canada, Estonia, and Luxembourg, have suffered losses amounting to over 20 million baht.
Most victims, totaling around 40, are small merchants who intended to resell the products but allegedly never received them after payment. Many were convinced to join by seeing celebrities involved in the business, remarked Itthidet.
One Thai victim from Hong Kong reportedly lost over 1 million baht after ordering products like cocoa powder and collagen, receiving only partial goods. Victims are now hoping for refunds, but foreign victims face challenges due to language barriers and travel costs, with some delegating representatives in Thailand to provide testimony, according to Itthidet.
