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Monday, April 29, 2024

Gold fraud: Trader arrested for defrauding investors of over 100 million baht

Photo courtesy of KhaoSod.

A high-profile gold trader in Saraburi has been arrested on fraud charges stemming from her operation of a gold investment scheme that allegedly defrauded hundreds of investors out of over 100 million baht. The apprehension of the alleged fraudster, 38 year old Watsamon, took place at a post office in Tha Luang District, Lopburi, following a court-issued arrest warrant from Chai Badan District Court, dated May 8.

Watsamon managed a gold shop known as Fueang Gold Dang located in Nong Pla Lai Subdistrict, Mueang District of Saraburi. The shop’s inauguration attracted well-known beauty pageant stars to enhance its credibility. She also created a Facebook page and an account under the name Watsamon Tongkhiew and Fueng Gold Dang Aom Thong Sale Gold Online, to lure individuals into her gold investment scheme.

The scheme promised monthly returns of 100 baht…

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