Lottery quota rip-off: Investor dupes 10+ people, swindles staggering forty million baht

In Lost of occasions, a business investor lately scammed over 10 folks out of a staggering forty million baht (US$1,166,180) by way of a lottery quota sale tactic. The victims gathered to current the case to Bangkok’s Central Investigation Bureau earlier at present, hoping to expedite the search for the fraudulent businessman, often known as “Sia Mo,” who is now on the run.
Thamanan Thaengtim or Ja King’s Saphan Mai, together with the victims, met with Chantima Kunrotapsorn, the Deputy Director of Inquiry on the Bureau. They defined how they fell prey to the fraudulent scheme perpetrated by the 42 year old Sia Mo, also known as Songtham. He falsely offered himself as a profitable businessman with an organization valued at 200 million baht (US$5,830,820) and exploited his self-proclaimed charitable acts.
He gained the belief of his victims, promoting them a lottery quota of 7,850 baht a booklet. He proposed that if they preferred not to promote it themselves, they can make investments 7,600 baht per booklet and earn a return of 1,000 baht every month, claiming this is in a position to provide them an everyday supplementary income.
A, a forty five 12 months previous sufferer, mentioned that she had identified Sia Mo since January when a colleague launched him to her. Initially, she made a small funding and received her lottery quota. Boosted by the belief she gained after the first payout, she determined to speculate more, managing to pool around 9 million baht, together with her relatives’ contributions, reported KhaoSod.
However, issues turned bitter when she was not reaping the promised lottery quota. She made several attempts to contact Sia Mo and demand a refund, however he was unreachable subsequently. She was alerted to the fact that he had absconded after accepting the costs beforehand at Rattanathibet Police Station, Nonthaburi.
In an identical account, Bee, another victim forty years outdated, recounted her experiences. Initially, she received returns and made regular investments afterward, raising her contributions into the millions. Things went downhill after the notorious “Not Lottery Plus” case, after which she failed to receive the anticipated returns. When inquired, she was given varied excuses before Sia Mo vanished.
District officers have taken down the victims’ testimonies as proof, further investigating the matter, and reporting to their commanding officers for further directive..