There has been no shortage of complaints about financial scams in recent years, ranging from selling non-existent products to promising to double the money for prospective investors in a short time.
Scams cost individuals billions of baht in estimated losses. The “Forex -3D” scheme, which surfaced several years ago and returned to public attention following the indictment of actress Savika “Pinky” Chaiyadej, is at its peak believed to have drawn up to 50,000 victims and total investments worth as much as 30 billion baht, according to the Secretary to the Minister of Justice, Acting Sub Lt Thanakrit Jitareerat.
In a recent scam involving a Thai YouTuber, Suchata Kongsupajak, better known as Nutty, about 6,000 people are said to have fallen for a scam with financial damages exceeding two billion baht.
While tracking down fraudsters and bringing them to justice might not be difficult for law enforcement agencies, recovering stolen money for the victims is another story.
Despite warnings from authorities, some people still go ahead with dodgy investments and end up losing their…
