Forex trading fraudster detained in Songkhla after three-year evasion

A 51 year old woman has been detained in Songkhla’s Sadao district, suspected of defrauding investors out of 300 million baht (US$ 8,354,220) via a deceptive foreign exchange trading scheme. The arrest, conducted by the Economic Crime Suppression Division (ECD) police, brings to an end her near three-year evasion of justice. The warrant for her arrest was issued by the Bangkok South Criminal Court in March 2021.

The woman is believed to be part of a four-strong group that successfully enticed 250 individuals to invest in what they were led to believe was a legitimate forex trading venture promising significant returns. The ECD head, Police Major General Putthidej Boonkrapheu, confirmed that the victims had filed complaints with the DSI, having transferred amounts ranging from 20,000 baht (US$ 556) to 6 million baht (US$ 167,084)…