Author Topic: Cellphone business scam cost investors B72.5m  (Read 642 times)

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Offline Johnnie F.

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Cellphone business scam cost investors B72.5m
« on: February 06, 2016, 11:47:39 AM »
KHON KAEN -- Police are investigating a wholesale mobile phone business scheme in which an army colonel and his girlfriend allegedly scammed 145 victims out of 72.5 million baht.

The complainants have accused the colonel, who is based at a cavalry unit in Phetchabun province, and his girlfriend, a Khon Kaen native, of the fraud.

Among the complainants, Suphanuch Thasa, a 32-year-old businesswoman from Khon Kaen's Chum Phae district, said the colonel and his girlfriend invited her to invest in their family's "mobile phone wholesale business" and they had promised a 5% return on a 24-hour investment of one million baht and a 12% return on a 15-day investment.

Full article at Bangkok Post

Well, the very fast money to be earned often turns out as lots of money lost even faster...
No matter how tall the mountain is, it cannot block the sun. - Chinese Proverb