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Saturday, May 4, 2024

Lottery quota scam: Investor dupes 10+ people, swindles staggering 40 million baht

Picture courtesy of KhaoSod

In a dramatic turn of events, a business investor recently scammed over 10 people out of a staggering 40 million baht (US$1,166,180) through a lottery quota sale tactic. The victims gathered to present the case to Bangkok’s Central Investigation Bureau earlier today, hoping to expedite the search for the fraudulent businessman, known as “Sia Mo,” who is now on the run.

Thamanan Thaengtim or Ja King’s Saphan Mai, along with the victims, met with Chantima Kunrotapsorn, the Deputy Director of Inquiry at the Bureau. They explained how they fell prey to the fraudulent scheme perpetrated by the 42 year old Sia Mo, also known as Songtham. He falsely presented himself as a successful businessman with a company valued at 200 million baht (US$5,830,820) and exploited his self-proclaimed charitable acts.

He gained the trust of his victims, selling them a…

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