Members of the public are being targeted by fraudsters posing as high-profile business figures as online scams continue to run rife. Authorities warned potential investors to exercise caution and authenticate any investment links or messages they receive, following a spike in scam cases.
The Digital Economy and Society (DES) Ministry identified common traits among scammers, most notably the promise of exceptionally high returns on investment within a short timeframe. Often, the scammers would use photographs of well-known celebrities or business figures on their platforms to lend credibility to their schemes. In addition, they may use the names of listed companies and symbols of the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand to deceive those eager to invest in gold.
To counteract the online scams issue, the SEC has called upon…
