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Friday, May 3, 2024

Chiang Rai couple arrested over 24 million baht investment fraud

Picture courtesy of KhaoSod

In a recent operation, a couple involved in an investment scam in Chiang Rai has been apprehended. The husband, a 36 year old former government official turned investment advisor, and his 37 year old wife, are accused of defrauding investors out of 24 million baht (US$672,457) through their company K1FX Trader Club. The arrests followed a warrant issued by the Nakhon Pathom court after multiple complaints were lodged against the couple.

Yesterday, a police task force comprising officials from various bureaus led by the Thai National Police’s Commissioner, Major General Thiti Saengsawang, carried out the arrests at a residence in Chiang Rai. The couple was wanted in connection with a warrant issued by the Nakhon Pathom court this year on charges of fraud and conspiracy to defraud the public. The husband is known under the names Ken, Kaothap, and…

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